The “Sputnik Moment”, In Speaker Pelosi’s Bottom, Is A Global War Zone And A US Soft Landing Zone
"We're in the kill zone, pal. Lock and load.” Gordon Gekko
Summary:
· The great rotation into Information As A Service is underway.
· The global balance of risks has tipped, towards economic weakness, coming out of the last G20 meeting.
· The assault on Western Capitalism, by Xi Jinping Thought, has established a bridgehead in Hong Kong.
· It is the best and worst of times in “Speaker Pelosi’s Bottom”.
· “Speaker Pelosi’s Bottom” looks like a Global War Zone.
· “Speaker Pelosi’s Bottom” looks like a domestic soft economic landing zone.
· The Soft economic landing zone portends a domestic Hypergrowth Phase inflection point, for the US economy, that will be stronger than for its global competitors and trade partners.
· The Biden Slam Dunk slipped, at G20, but Janet Yellen has dunked the rebound.
· Blue Horseshoe loves PLSI.
· Blue Horseshoe loves the new Hypergrowth Phase driven by Federal policy, the removal of Chinese competition, and the search for productivity in tight inflated labor markets.
· The rekindling of the symbiotic Special Relationship is pending the tall New World Order of the permanent sacking/resignation of the Butler, the conviction of the Oxford Apostles, the UK re-joining the EU, the closure of the VIP Lane, and India leaving the BRICs.
· The rekindling of the symbiotic Special Relationship is also pending the syncretic bicameral Anglo-Saxon political cleansing simultaneously occurring on either side of the Atlantic.
The Great Rotation into Information As A Service (IAAS) ….
Performance leadership changed at the end of Q2 2022. Since then, there has been a notable rotation into Information As A Service.
The Jury is in, Russia and China are out ….
The recently held Aspen Security Forum was an example of IAAS and, an opportunity for global macro analysts to understand what is on the agenda for the rest of this year, and the current progress to date.
China, Russia, the Global Economy, NATO, and Technology were all high on the agenda, in any order of priority. This author was particularly curious to observe Google, in there, pulling the strings, with the Spooks, schmoozing and mingling.
· Larry Summers’ eulogy for Shinzo Abe is a panegyric for the return of MMT.
(Source: the Author)
Notable also, was the presence of Risus Sardonicus Larry Summers, fresh from his combined eulogy for MMT and Prime Minister Abe, doing his own bit of National Security MC-ing and grinning for the cameras.
This was truly an eclectic mix of soldiers, wonks, techies, and journalists. The kind of mix that “Techno-Economic Wars” are made of, perhaps.
In many ways, the Forum just picked up the baton that was fumbled, abortively, at the preceding G20 Summit.
As far as G7 is concerned, China is also being ostracised for supporting presumed Russian attempts to wreck the global economy. An alleged request by President Xi Jinping to G7 leaders to visit him in China, later this year, still goes unanswered. This is hardly surprising since President Xi has not been seen in public since his Hong Kong annexation triumph. Furthermore, President Xi has not met with any G7 heads of state since COVID began. In this absence of physical communication, the global economy has gone into lockdown and a war has broken out in Ukraine. The absence of physical communication, to all intents and purposes, indicates that a conflict situation, similar in proportion to a war, exists between China and the G7.
With President Xi’s disappearance, economic conditions in China have also deteriorated. Perhaps the two observations are also related.
There go the Property Market, and the People ….
· The collapsing Chinese property bubble is developing into a US Credit Crunch repeat.
(Source: the Author)
President Xi faces ostracism at home. In the latest count, the populist mortgage payers’ rebellion had spread to 91 cities. To make matters worse, building sub-contractors, who have not been paid by the defaulting developers, are also now refusing to pay interest on their bank loans. The crisis has thus doubled in scale.
· Commodity producers will be thrilled to know that China intends to spend $1.1 Trillion on infrastructure for a population that is locked down by “COVID-Zero” and has nowhere to go even if it were able to.
(Source: the Author)
In the last report, the unenviable, perhaps even untenable, position of Premier Keqiang, in having to apply COVID-Zero and simultaneously stimulate the economy was discussed. Recently, Premier Li has hinted that the COVID-Zero policy will be “focussed”, rather than applied indiscriminately, in order to balance his two conflicting bogeys.
The Premier appears to have blinked first, in the standoff with bank depositors, by signaling that their losses will be repaid. This sign of strategic weakness will, no doubt, embolden further resistance and demands for cash. The Premier has also obviated environmental policy guidelines, as he rushes his infrastructure stimulus to shovel point. The Premier appears to have no strategy, he just seems to be reacting to the latest bad news.
· The behavior of the Chinese Diaspora should be observed carefully after the assassination of Shinzo Abe.
(Source: the Author)
This author has suggested that attention should, also, be focused on the Chinese diaspora. This diaspora is alleged to have the potential, of 10,000 further members, as wealthy Chinese try to escape COVID-Zero. Some may be genuine emigres. Others will be agents of Chinese foreign policy. Both will be indistinguishable. Both do, however, signal a decline in the economic fortunes on the mainland. Based on the experience with Russian Oligarchs, wealthy Chinese who are allowed to take their money out should be viewed with reasonable suspicion, in the countries that they emigrate to.
· “Imperator Xi’s” triumphal celebrations confirm that “COVID-Zero” is a strategic policy tool, which suggests that COVID-19 is a strategic weapon.
· Hong Kong may become a “Trojan Horse” in the global economy.
(Source: the Author)
UK lawmakers have been amongst the first elected officials to focus, on the diaspora, in relation to what this author describes as the Trojan Horse of Hong Kong. This is hardly surprising since Hong Kong was once a British colonial outpost.
· The enforcement of compliance with “Xi Jinping Thought” is a direct assault on Western Capitalism.
(Source: the Author)
Prior to the Trojan Horse call, this author observed the mission creep of the domestic corporate governance regime, in China, towards Communist Party control. Companies located onshore now must legally have a corporate governance function that is overseen by Communist Party compliance officers.
The author also predicted that foreign companies, registered in China, would be pressurized into extending this Communist compliance function to all their global operations. The author referred to this compliance with “Xi Jinping Thought” as a direct assault on Western Capitalism. The assault has established a bridgehead in Hong Kong.
Evidently, Hong Kong was not just annexed to bring it under the yoke of Beijing. It was annexed to provide an attachment, of the Beijing yoke, to the global capital markets, and hence, to Western Capitalism itself.
· “COVID-Zero Kowtowing” Hong Kong is officially closed to the West.
(Source: the Author)
Other red flags have already been raised by America, specifically in relation to the mission creep of semiconductor manufacturing power into Communist Party hands.
It is the best of times, it is the worst of times, in Speaker Pelosi’s Bottom ….
It is the best of times, it is the worst of times, in what this author has named “Speaker Pelosi’s Bottom”.
The worst of times is symbolized by the recent earnings shocker from Snap Inc. (SNAP) and the related meltdown in social media stocks. Advertising revenues are down. This means that the consumer is down, which means that the US economy is rapidly decelerating. This deceleration must, therefore, be met with an economic stimulus. It must also be met with a flurry of next-generation products and services to pull future consumption, and economic growth, into the present. The domestic economic best of times is, hence, going to be dragged forward from the future.
The best of times can also be viewed through the confluence of events taking place in the domestic US economy which are closely related to the worst of times, simultaneously, taking place in the global economy.
Speaker Pelosi “loves” Microsoft and Apple call options. Madam Speaker’s recent eyebrow-raising leveraged bottom fishing has raised more than a few eyebrows.
(Source: the Author)
The alleged policy-making front-running trading style of Speaker Pelosi is getting too much exposure.
“Hubby” Pelosi has followed “Wifey’s” will informed, and well-timed, option trades with a trade of his own in Nvidia (NVDA) shares.
The timing, of “Hubby’s” trade, pre-dated and, apparently, anticipated the following Senate vote on Federal support for the US semiconductor industry, by one month. The big deal is not the $52 Billion in Federal funding per se, but the fact that the scale of the voting, by Senators, passed the threshold level required to make the scope and scale of the funding even greater, with further initiatives, over time. Thus, $52 Billion is just a small beginning for what may end in the Trillions.
This Senatorial gift keeps on giving, to stockholders, because it also got a bipartisan R&D tax break added at the eleventh hour passing of the bill. To add momentum, and urgency, to the Senatorial gifting, it has also been revealed that leading Chinese semiconductor maker SMIC has the technological edge over its US competitors.
· The Minerals Security Partnership (MSP) is “Friend Shoring” in action and is Macklem Doctrinaire in principle.
· The Minerals Security Partnership (MSP) anticipates Biden’s G7 “Friend Shoring” Infrastructure Plan launch by about a week.
· “Speaker Pelosi’s Bottom” is firmly supported by the MSP and the Biden G7 “Slam Dunk” “Friend Shoring” G7 Infrastructure Plan.
· The MSP and the Biden G7 “Slam Dunk” “Friend Shoring” G7 Infrastructure Plan are Vinod Khosla’s “Techno-Economic War”.
(Source: the Author)
“Hubby’s” trade came in advance of the Senate voting, which broadly boosted, the shares of the companies involved, as America boosts its “Techno-Economic War” arsenal. These boosts work through the process of “Friend Shoring” semiconductor capacity and building an impermeable firewall around the associated intellectual property. There is, thus, a cybersecurity twist to the tale.
· US “Friend Shoring” has a valve to prevent outward technology transfers.
(Source: the Author)
President Biden is unequivocal that Federal support for the US technology “Friend Shoring” process must be conditional on reciprocal action by the companies to cannibalize their manufacturing capacity on the Chinese mainland.
· A confluence of tipping points is pointing toward the next Hypergrowth phase inflection point.
(Source: the Author)
“Hubby” and “Wifey’s” portfolio valuation may, thus, command the monopoly P/E multiples that are fundamentally based on US global economic policy. This author believes that this confluence of events is the conditions precedent for what he calls a Hypergrowth Phase.
“Hubby” and “Wifey” have formed the conclusion, and investment thesis, that this alleged phase is just around the corner. This conclusion is, currently, resonating with incoming earnings reports from the tech sector and beyond.
Despite the headline job cuts, Capex is being put to work in growth markets. In fact, it is fair to say that labor is being cannibalized by capital.
Most recently, the coincident tipping point of mass electric vehicle adoption in the US has just been recorded.
(Source: the Author)
Ford (F) is a classic example of this labor cannibalization for technology-driven growth Capex. The previous report discussed the recently crossed threshold of American electric vehicle adoption as one more tipping point on the way to a Hypergrowth Phase inflection point.
Ford (F) is reported to be planning up to 8,000 job cuts, in order, to effectively fund its electric vehicle expansion plans. In this context, therefore, the rising unemployment and coincident weakening wage inflation, from this restructuring, may be viewed as early indicators of the transition to a new Hypergrowth Phase. The demand for electric vehicles is clearly visible and growing. In support of this thesis, Amazon (AMZN) has just started using its 100,000-strong fleet of Rivian (RIVN) electric vehicles for deliveries.
Some of the new growth markets have the added attraction that Chinese competitors, like Huawei, have been effectively banned from competing in them. The recent 5 G-driven earnings growth from Nokia (NOK) is a classic case in point.
Evidently, Cloud Computing and Cybersecurity will drive the Hypergrowth Phase. This growth will, also, be driven by Federally funded support.
The Cloud sector has also just received a “Friend Shoring” boost from the latest US judicial opinion that hosting in China undermines the US law enforcement agencies. This month, the White House Machine Learning and Artificial Intelligence Subcommittee also published a report on the “Lessons Learned from the Federal Use of Cloud Computing to Support Artificial Intelligence R&D”.
The lessons learned, by the White House, about the Cloud indicate the network and scale effects that catalyze exponential hypergrowth. Apparently, “agencies that have undertaken early efforts to leverage commercial cloud computing resources to advance AI R&D have commonly experienced benefits to their investments in terms of providing internal and external researchers persistent, on-demand access to cutting-edge capabilities, accelerating experimentation and the use of AI in new domains, and enabling reproducibility and scalability of the research activities and results.”
The lesson learned is also that there is tightness in the labor market of trained personnel in the Cloud computing sector. This has national security, inflation, and growth implications; none of which are healthy. Consequently, the Biden administration is supporting education, in partnership with the private sector, especially in relation to cybersecurity.
The commercial lining, of the Cloud, also appears to be lined with silver, even as the consumer sector has developed a leaden lining as the economy slows. Seagate Technology (STX) recently underlined the changing environment in the storage sector which sees corporate Capex replacing weakening consumer demand for data storage.
As the technology game evolves, even NASDAQ (NDAQ), the exchange operator, is also evolving to adapt to the new economic and business model fundamentals. This evolution is morphing the exchange into a software-as-a-service (SAAS) provider. This author also would say that NASDAQ is the doyen of the model that he calls Information As A Service (IAAS).
Mr. Market has been hunkered down in the trenches, with the Cash Cows, of late, but his gaze above the parapet is being attracted to Question Marks and potential Stars of the Hypergrowth “Techno-Economic War” phase ahead.
(Source: the Author)
As discussed previously, by this author, the Stars are now getting sorted out, from the Question Marks, the Cash Cows, and the Dogs. These Stars have the potential for Hypergrowth, into Supernovae, because they are being fed with Federal economic policy stimulus and the removal of their Chinese competitors. The Hypergrowth Phase is also being boosted by the fact that, since labor markets are expensive and tight, technology-driven productivity is being aggressively sought after by companies and stock investors.
Anticipation, of all these structural catalysts, is already working its way into Mr. Market’s investment thesis and style. Back in the day, such a confluence of coincidences used to traditionally lead to a Hypergrowth Phase in the sectors, and sub-sectors, involved once all the conditions precedent had aligned. Currently, they are aligning.
(Source: the Author)
Since Russia is crushing the manufacturing sectors of the EU, by switching off the gas, the US P/E multiples can, quite reasonably, command a further expansion; based on the fact that America is the only manufacturing game, in town, outside of China.
By the EU’s latest worst-case estimate, Russian gas constriction will knock 1.5% of the bloc’s GDP. This is a potential 1.5% best-case estimate gain for the US economy.
Provoking hostilities, and thereby, driving the “Friend Shoring” legislation, and also boosting the family P&L, a flag-waving COVID-free “Wifey” has started a potential, Gulf of Tonkin-like incident, in the Taiwan Strait, by announcing her intentions and capabilities to visit the contested waterway. In the common vernacular, of traders, this is called talking one’s position. These said intentions and capabilities have been frowned upon by POTUS and the Pentagon.
“Wifey’s” flag waving has invited some deeper scrutiny by this author. The observations are instructive.
Fantastic Beasts and Where to Find Them, in Washington ….
When she is flag waving, “Wifey” has the poise and eyes of an apex predator. When fielding questions, about her spookily well-informed stock trading, she feigns the poise, and eyes, of an aging, yet kindly, woodland creature.
So, who is the real “Wifey”?
This author has also noted that when it comes to “Friend Shoring”, and prosecuting “Techno-Economic War”, the House of the US Senate is the place where the adult flag-wavers live. Congress, on the other hand, is where the immature partisans are currently fighting over the outcome of the Jan 6th Committee’s findings, in the run-up to the Mid Terms.
So, the partisan children are holding up “Friend Shoring” and weakening the “Techno-Economic War” effort. Deputy Secretary of Defence Kathleen Hicks recently tried to make the errant children grow up by reminding them that microelectronics is “fundamental” to every military system that the Pentagon deploys. Partisan immaturity is, thus, treasonous by default.
Coincidentally, these said partisan children are also holding back “Wifey” and “Hubby’s” P&L.
As luck would have it, the House of Congress is also where “Wifey” has her day job, when she is not stock trading. Better still, “Wifey” is Madam Speaker of the House of Congress. This bit of luck should enable “Wifey”, the kindly woodland creature version, that is, to act like Wendy in Peter Pan. “Wifey Wendy” can, hence, inspire the Lost Boys (and Girls) in the Democrat Party to strip down their Woke earmarks, to the semiconductor bill, which is making the children in the Republic Party refuse to vote for it.
Mentioned in despatches, and across the ticker tape ….
Hey presto, Signed Bill, “Friend Shoring” and “Techno-Economic War” are no longer pending!
Chinese Pirates, in the Taiwan Strait, just about to get a good hiding, think twice about invading.
Momentum traders, then, buy the SOX and wear diamonds.
Pundits, then, say Soft Landing.
Dispatch the pending Rate Hike ….
“Wifey”, the apex predator version, is the wolf in the sheep’s clothing who is struggling to hide the bull’s horns which are making her conflicted costume wardrobe draw attention to her conflicted interests.
The only thing left pending, is monetary policy easing. This will become a formality, once the rate-hiking exercise box is filled with another 75-Basis points of ticks. With the US economy widely accepted as being in contraction, now, that box rate-hike box needs ticking as fast as the easing boxes are starting to materialize.
“Hubby” and “Wifey” now also have Goldman Sachs (GS) rooting for their positions. Hitherto, Goldman had questioned the Fed’s credible commitment. In yet another, of what this author calls tipping points, Goldman’s President John Waldron is warming to the Fed’s “front-loading” rate hikes.
This author also notes that Goldman’s non-trading revenues are down and it is sacking people. In this context, Waldron’s amity could be seen as a plea for the FOMC to tighten already, so that it can start easing already. It could also be seen as an attempt to talk up his net worth in the form of his stock ownership. Goldman has become a hedge fund again, in the absence of investment banking revenues. Waldron is merely conforming with the revenue driver of the day i.e. Sales and Trading. What this means is that Mr. Market can rally each time the Fed hikes interest rates, going forward, into the alleged Soft Landing, and, then rally some more when the Fed stops hiking and starts easing because the landing is a bit on the hard side.
The confluence of US economy domestic events, in “Speaker Pelosi’s Bottom”, now, portends a soft economic landing scenario, in the face of a global economy that faces a hard landing. Commerce Secretary Raimondo calls this scenario a “Sputnik Moment”. In this moment, US reliance on Chinese semiconductors “is untenable”.
Further position talking, that supports Speaker Pelosi’s position taking, has been done by Treasury Secretary Janet Yellen.
Joe Slips, again, but Janet gets the rebound ….
Post G20 abortive summit, Secretary Yellen is off, on a global dog-and-pony show, selling the attractions of the US, and a handful of other friendly shores, as the world’s alternative factory to China.
· The slipped G7 “Biden Slam Dunk” will become the “Blinken Slam Dunk” at G20.
(Source: the Author)
“Biden’s Slam Dunk”, as envisaged by this author, has a steel fist inside Yellen’s kid gloves.
· “Technological Terrorist” America may use the same energy weapon, used by Russia, to enforce a global technology embargo on China.
(Source: the Author)
This author would note that the said other friendly shores cannot globally compete unless they buy American oil and gas since Russian sources are either switched off or sanctioned by the US. America is also using the energy weapon but in a nice way. China has the name “Technological Terrorist” for this kind of American behavior.
· The next Hypergrowth phase inflection point is pending the Fed deciding that it has restored Hyper-credible commitment by fighting Hyperinflation with a Hyper-recession.
(Source: the Author)
Apple (AAPL) has become one of the latest US Tech Giants to confirm that the “Techno-Economic War” Zone’s attrition conditions are prompting business model tweaks to cut costs. The US Tech Sector, evidently, needs a new growth driver. “Hubby” and “Wifey” seem to think, or have read somewhere, that this Hypergrowth driver will be Federally funded and legislated. They may also have an inkling that the Fed is just about to cave in and join the war effort.
Single Stock ETFs are, apparently, all the rage at the moment. Single Family Office ETFs may be the killer investment, however. This author would suggest a “PLSI” ticker and basket of stocks, tracking “Hubby” and “Wifey’s” informed stock picks, as the best-in-class Single Family Office ETF.
· Disinflation price discovery by Cancel Culture is on the global commodity and capital markets agenda.
(Source: the Author)
“Hubby” and “Wifey’s” picks have been careful to avoid stocks that conflict with the inflation cancellation imperative of President Biden’s agenda. Most recently, this inflation cancellation agenda even promotes trade with the enemy and the practice of dumping below market value in the American marketplace.
A federal lawsuit against Russia and Trinidad for dumping fertilizer on the American market. below market prices, was recently dropped, with no apparent credible explanation. North American and Canadian fertilizer company stock owners will be miffed, but food prices will be lowered. Even the US Farm Belt may vote Democrat in consequence!
Sadly, there is no wiggle room for old friends, even as it is extended for enemies.
Special Relationship Rebuild Update: Pending on both sides of the Pond ….
“Politics hates a vacuum”, allegedly, so the discovery process and project execution phase should soon be over, especially, if the likes of MI5 and the FBI are joined at the hip. One hopes that the Allies will be understanding and merciful with their assistance.
(Source: the Author)
Although the UK, and its disgraced former PM, are pariahs, in the civilized global polity, at the moment, the heads of the UK’s intelligence services are still most welcome. It’s just like they never left, even when the UK Brexited the civilized global economic order.
Coincidentally, with the Aspen Summit, it was announced that these Trans-Atlantic intelligence bonds will be cemented further. In October, of this year, the two countries will roll out the Data Access Agreement, which will facilitate and enhance the sharing of information between their respective national security and law enforcement agencies. UK national security service personnel were being most welcomed in Aspen this year. This, seeming, life membership of the global economic order is important, in the execution of regime change when it is deemed necessary by the nebulous global council.
Regime change may be the only thing capable of arresting the UK’s, self-inflicted, decline in global political and economic standing.
Along with Sterling, the value of a UK passport is sliding. The linkage appears to be causal. Sterling and the passport’s value are converging lower towards an emerging market mean. This may have a great deal to do with the economic policy and governance structure that has presided over this debacle. It may also have a great deal to do with those who are building a New World Order that the UK appears to deliberately undermine. It seems that only regime change can save the conflated values.
President Biden has confirmed that, under its current government, if this is what it is, the UK is still unwelcome in the wider developed global economic polity, under the US’ aegis. Britain still does not qualify for an exclusive trade deal with America, which means that it does not qualify for one with the EU either.
Britain does not qualify because, under the aegis and stewardship of some rapacious Conservative politicians, the nation has adopted a “Butler” economic and political model. Under this model, the color of money and its owners does not matter. This ostensible broad multi-cultural inclusivity is laudable until one understands that it does not extend to those ethnic minorities really deserving of it. In fact, some of those deserving of inclusion have been, cynically, used as pawns to promote the “Butler” model outside the EU’s governance regime. Others have been subject to a “hostile environment” within the UK. Others have been banished to Rwanda. In fact, when one looks at it, the government’s seeming multi-ethnic inclusion appears to be selectively elitist.
The UK “Butler” has catered to the exclusive political, and financial, needs of a global elite. This report is specifically concerned with the “R”, the “I”, and “C”, in the “BRIC” nomenclature, of the said global elite, that the UK is “Butlering” for.
Mas Que Nada ….
This author has noted how the BRICs have an antipathetic attitude, towards the New World Order of “Friend-Shoring”, which has been recently endorsed at the IMF/World Bank Spring Meetings. The B part of the quartet has now become active. It is interesting to note that the B is far more conciliatory than the aggressive R and C, and also less overtly pecuniary than the venal I.
(Source: the Author)
As noted, by this author, the BRICs have it in for G7 members, especially America. This vendetta, therefore, puts the English “Butler” into conflict with his Special Relationship partner. This conflict appears to have, ultimately, led to the sacking of the “Head Butler” and all those in the UK government who wish to continue in the role.
· The UK is aggressively 1980s rebooting, Submerging Markets style, whilst its European trade partners reboot in a more peaceful fashion, and America tries to reboot 1990s style.
(Source: the Author)
In practice, London was the “Butler”, rather than the UK as a whole. When the disenfranchised and disregarded regions required some political and economic recognition, it was reciprocated, in the form of a noble lie, to make them vote for a strategy that further enhanced the London “Butler’s” global status.
· The symbiotic process of “Dishevelling Up” should do-for both of the major UK political parties.
(Source: the Author)
This lie was delivered, with brio, to those inhabitants of the Red Wall who delivered the recently resigned “Head Butler’s” parliamentary majority that allowed him to get away with doing almost anything, which he did with equal brio. This lie belies the process that the author calls “Dishevelling Up”.
The “Dishevelling Up” process involves the recycling of immigrants, and asylum seekers, to the traditional Labour-voting heartlands, in return for cash from the UK Treasury. The local impact of this recycling was the beneficial effect of militating the locals into anti-immigration voting, which was conflated, by a few nudges, into Brexit votes.
Behavioral economics (and the Cambridge Analytica case) shows how a population does not answer the question that it is asked, especially, when the halo and immediacy effects are stage-managed to deliver a different answer. And, so it was for Brexit in the regions.
The panacea, of taking back the borders, was offered to the regional voters as the basis of a social contract that would level them up with the standard of living of those in the South. It was of course a lie. Lower-income voters beyond the Red Wall continue to economically underperform, post-Brexit. The lack of immigrants leaves crops rotting in the fields, thereby, making the food inflation crisis even worse. The jolly japes, however, are now over and the noble liars are being rusticated.
Once again, both UK political parties have been compromised, by “Dishevelling Up”, as they have with their Christine Lee affiliations. As usual, the Labour Party is the Labour Patsy. Both parties must, therefore, go.
Then it will be game on for the Britain Project, with its 1990s Tony Blair DNA. This game is already happening in the high street shops that are selling out of 1990s fashion.
(Source: the Author)
Once purged, both parties may be replaced by a project, currently being executed, called the Britain Project.
· All the current favorites to replace the UK PM are unfit for purpose, they just haven’t been caught in flagrante delicto …. Yet.
(Source: the Author)
The current carnage, serving as the Conservative leadership battle, is a sideshow. This sideshow informs the observer, only, of the depths that each candidate will sink to in order to defeat the other. In the process, the Conservative Party is the ultimate loser.
· It’s over for the UK economy but the Fat Lady hasn’t sung …. Yet.
(Source: the Author)
This author suggests that, in light of the not-trade deal headwinds, blowing from the USA and the EU, it does not matter who is the next Conservative Prime Minister; unless he/she wishes to stop being the “Head Butler” to the BRICs and to re-apply for EU membership. If he/she could get India to leave the BRICs, and apply for membership of the civilized global polity, it would be a bonus. Until that point, therefore, the UK economy is in secular decline.
· UK economic policy seeks to play the balance of power, by pivoting away from domestic Levelling Up, and the EU-USA NMWO, back towards a cocktail of good old Thatcherite austerity with a splash of Johnsonian Sleazez-Faire aka Ripping Off.
(Source: the Author)
Attempts, by the Conservative government, to re-tread Imperial trade routes, long untrodden, have been thwarted on two fronts. Firstly, they have been thwarted by the EU and the USA. Secondly, they have been undermined by the nations, and their respective “Butlers”, within the UK Cabinet, to whom the UK has been making Imperial overtures.
In another knee-jerk response, the former Mayor of Londongrad now wishes to rain down more missiles on his former reptilian Russian benefactors.
(Source: the Author)
It is common knowledge that once upon a time, not so long ago, the Mayor of London was also the Mayor of Londongrad.
The author would also like to make the readers aware that the Mayorship of Londongrad, also, once came with the added titles of Viceroy of Londonistan and Taipan of Chinatown-on-Thames. Not a lot of people know that.
The Mayor of London was, hence, a Triad, so to speak, as well as a “Butler”, by nature of these three related associations. In effect, he was Mayor of the RICs. Being Mayor of the RICs can be compromising, at times, if not most of the time.
The Londongrad association exposes the Mayor to agents of the Russian government and intelligence services. The Londonistan position exposes the Mayor to the same interests on the Indian Subcontinent. The Chinatown on Thames association exposes the Mayor to the same interest of the People’s Communist Party of China. The Mayor of London, by default, is, therefore, sitting in one of the greatest systemic risks to the New World Order under construction by President Biden. If this Mayor then becomes the UK PM, the risk is compounded and it becomes double jeopardy. Something had to give, therefore, and that something was the UK PM.
Thus, when the previous Mayor/Viceroy/Taipan became the UK PM he was already “RIC-Head Butler”, and thereby, compromised beyond all hope for the nation. One could say that his tripartite affiliations, as Mayor of London, groomed him for his ensuing, alleged, abuse of power. Combined with a heightened degree of narcissism, an elite private education, a suspicion (unconfirmed!) of racism, with lashings of Kipling for supper, this kind of grooming may have yielded a powerful asset for all the foreign interests concerned.
The Russian Kompromat has already been exposed extensively in the press.
Bridgerton Revisited: “Now in Injia’s sunny clime, Where I used to spend my time ….”
The Indian Kompromat has been effectively suppressed, until now. Now that the PM has resigned, it’s hitting the proverbial-punkah fan, however. This is especially the case as one of the Indian Diaspora is in the running to become the UK “Head Butler”.
The latest exposure comes, originally, from the revelations of the connection of the previous UK PM, “Head Butler”, Bullingdon BFF, and schoolboy chum of the recently resigned “Head Butler”, to the Gupta Network. This old boy network co-opted the former UK Chancellor, and current PM hopeful, to use UK taxpayer guarantees to prop up the extensive Gupta Network with COVID support loans.
The former UK Chancellor, it would seem, already, had some impeccable “Butlering” credentials of his own, in the Subcontinent. Hence, it was business as usual, for him, to indirectly dole out economic assistance to his other homeland. Further assistance is currently being demanded, with menaces, rather than via encrypted chat, by the Tata dynasty. UK taxpayer funding is being demanded, or else the dynasty’s Welsh steel interests will be closed. Unfortunately, the replacement Chancellor’s other homeland is in the Arab World so the funds may not be forthcoming for the Tata dynasty.
The former Chancellor’s impeccable “Butlering” credentials have become infamously known as the “VIP Lane”. Amongst other financial services, this route was a fast lane to generous COVID procurement contracts, with little oversight, which has cost the UK taxpayer dearly.
The former Chancellor’s debt collection process, of choice, for funds that the Treasury squandered on VIPs, on his watch, is the application of austerity, in general, and amputations at the NHS.
The VIPs have not been asked to make a contribution to the national treasury, however, private donations to political campaign offices are most welcome. In fact, the paying of the said private donations, from the proceeds of the said VIP contracts, begs the question of whether the COVID supply contracts were a means of funding the said political campaign offices in the first place.
The Gupta Network has used the UK taxpayers’ guaranteed credit for many activities completely unrelated to its business in the UK. In fact, its business in the UK seems to have exclusively involved the lobbying efforts, of a former UK PM, in order to get the COVID loan guarantees for the network.
The exposure of former UK PM David Cameron, as a node, and a “Head Butler”, in the Gupta Network, then, leads back to a revelation of his node position in the Xi Jinping Network. This latter node boundary spans the connection to the Mayor of Londonistan, who then became the “Head Butler” when Cameron choked on his open Brexit can of worms. The replacement “Head Butler” did not choke, he feasted with those he “Butlered” for and Brexited with.
Madam Komisar Christine Lee’s infamous penetration of the Conservative Party, and the Labour Party, is known to go back as far as David Cameron’s Brexit fumble, as is her agency for the Chinese intelligence services.
MI5 and the FBI recently took the joint step of reiterating the Chinese threat in London. At the time, it was assumed, by many, that the fingers of the two agencies were pointing at the UK Labour Party. This may not actually be the case.
Just as likely, the fingers are pointing at both UK parties. Given the situation, with the resigning UK PM, one finger may have been pointing a little further than the other.
David Cameron, it should be remembered, promoted his school chum, and Mayor/Viceroy/Taipan, to become the Foreign Secretary and his heir apparent. Given the outcome, these actions by Cameron should be revisited.
This author suspects that these events have already been revisited, by MI5, and thus, they may not be made public. The Cambridge Apostles “sold out” because of their political convictions, not for money.
Despite their telegenic fondness, for the real convictions of Lady Thatcher, the Oxford Apostles’ motivation appears to be somewhat of a less political conviction, and somewhat more pecuniary, these days.
The Oxford Apostles’ sense of entitlement, and unwavering self-conviction, appears to have, genuinely, blinded them to the fact that they were selling out Britain. It may even be possible that all the aging English schoolboys, and girls, involved fondly imagined themselves to be Jeeves and their BRIC bosses to be Bertie Wooster. In this fantasy, the foreign agents, whom they were diligently “Butlering” for, were actually working for them. One may live one’s dreams, but not one’s fantasies.
The “Butlers” imagine themselves to be beyond legal reach, and custodial reproach, since they are lawmakers and governors. They may be immune, from domestic reproach, however, they are not beyond global reproach and regime change. This global reproach, when it comes calling, does so via the foreign and domestic intelligence agencies of the realm that answer to a global master.
As UK PM, and “Head Butler”, Boris Johnson got Brexit done, but for whom? Certainly not for those beyond the Red Wall who put him in Number 10. Those beyond the Red Wall consistently underperform, economically, either with immigrants or without immigrants in their midst. Perhaps, therefore, Brexit was done for certain agencies within the BRICs who want to weaken President Biden’s New World Order.
Perhaps, also, “Head Butler” Johnson got it done for some Asian businessmen, and their connected female family members, to prosper from the opportunities created by the removal of EU sources of goods, services, markets, and labor from the UK economy.
Cui bono?
The resigning “Head Butler” has the answers to all of these questions. Currently, he is using these answers, economically, for his posterity. It may amount to common blackmail.
The former PM’s Bullingdon henchmen, Cameron and Osborne, have cleaned up, financially, on the former PM’s aegis, presumably with his support, so now it’s time to spread the love and the wealth. Or else!
And, if the Queen thinks that she can get away with not giving him a Knighthood, Her Majesty is regrettably mistaken. “Them’s the breaks,” Your Majesty.
(Source: the Author)
As discussed previously, the recently resigned UK PM is negotiating a tasty golden parachute including payback for services rendered, whilst in office, to the compromised interests, of his former colleagues, with agents of Russia, the Indian Subcontinent, and China.
As noted previously, also, MI5 and the FBI are currently rolling up the compromised, and conflicted, connections to Russia, the Indian Subcontinent, and China; so that the UK can be welcomed back into the civilized global fold. Presumably, those conflicted, current, and former, Conservative politicians, who are compromised, will be rolled up in the bargain.
Dissembling, as ever, until the last, Boris Johnson denied his fate, at the hands of the Allied and domestic intelligence services, by warning his successors not to continue with his failed Imperial experiment. If only he had followed the same advice.
Overtures are now being made to the EU, via EDF, in the name of energy security.
The former PM’s, plaintiff, valedictorian remarks may not, however, save him from disgrace, even though they may have been the only true words that he has uttered during his Rake’s Progress towards the pinnacle of the Greasy Pole.
The author suspects that the report is intended, as a prop, to bolster the case for Re-joining (formerly knowns as Remaining in) the EU; since the authors highlight how inequality is less on the continent than in the UK.
Presumably, therefore, according to the study’s logic, if/when the UK re-joins the EU the regional inequality will vanish. “Levelling Up”, thereby, conflates with “Re-Join”. Perhaps this conflation is not a bad guess, based on the fact that the Conservatives exploited the inequality to strengthen the Brexit vote. It remains a guesstimate, however.
(Source: the Author)
The last report discussed how the disingenuous Levelling Up policy was being (disingenuously) conflated with the Re-Join the EU campaign. Evidently, this conflation and the underlying political campaign are gaining momentum. This momentum is also using Brexit to frame the Conservative leadership contest process.
The pain of Brexit is being emphasized, perhaps deliberately, especially by overzealous passport officials in European holiday destinations favored by UK nationals. The sublime message, from the said overzealous officials, is that all this can go away if the UK re-joins the EU. This message will, however, be lost, in the short term, especially given the Brexit bona-fides of the two candidates for UK PM.
The EU appears to be preparing to engage in an economic war of attrition with the next UK PM over Brexit. The European Commission has recently unleashed additional legal proceedings, against the UK, for alleged failure to comply with the fiscal regime that it signed up for on leaving the EU.
Thus, the next UK PM will be fighting the next economic war of attrition, with the EU, on the EU’s legal terms, without the backstop of a trade deal with the USA. By fighting on these enforced terms, the UK is accepting defeat even before it has landed its own blows.
Penalties, and sanctions, levied on the UK, by the EU, may then tip the UK economy into a deeper economic depression. The irritation of being held up at passport control will pale, in significance, in the face of economic depression. At this point, the enthusiasm for a scrap, with the EU, and enthusiasm for the Brexit bona fides of the UK PM will be weakening in the hearts and minds of the weary UK voters. Well, that’s the big idea. Regime change and Re-Joining with honor may, thus, become the discretion that is the better part of the valor of the next UK government.
Comparing, and contrasting the halo effect, of the frame that is being placed around the former UK Chancellor, one can see how the Re-Join momentum is progressing.
UK Treasury Mandarins frame Brexit as a fiscal and economic disaster for the UK.
The press contrasts the UK’s parlous fiscal position with that of the former UK Chancellor, who not only presided over the worsening national position but also optimized his own personal tax position to avoid the national burden.
“Brexit” and “Levelling Up” are the main drivers of this sublime inculcation process, of the electorate’s public consciousness, by the Mandarins and the Free Press. The intelligence services and the judiciary fill in the blanks, so to speak. The UK’s Separation of Powers is a powerful thing, to observe, when it is mobilized, by unelected public servants who believe that they have seen their country sold out.
If one looks across the Pond, a similar excoriating process is currently being undertaken by the Jan 6th Committee. This process is unlikely to end violently, since the adults in both parties, and both Houses, now wish to channel the violence toward Russia and China. “Wifey” is drafting the legislation that will redirect this violence, and boost the value of her portfolio in the process.
Can this syncretic, and simultaneous, bicameral Anglo-Saxon political cleansing, and ritual process, simply, be a coincidence?
Can this, seeming, coincidence also be coincident with events in Ukraine and the Taiwan Strait?
Do all these spooky coincidences have a strange attraction to “Speaker Pelosi’s Bottom”?
You bet your “Bottom Dollar” they do!
NATO is moving back into the hands of the Good Guys, and not a moment too soon. Perhaps it was always thus.
Let the Hypergrowth Phase begin.