Middle East

Ultra High Net Worth Individuals (by country)

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In an ever growing world of haves vs have nots, Elliman has released an interesting update on the statues of global wealth and where it is likely to head over the next decade. It suggests North America has 73,100 UNHWIs at an average of $100mn each or $7.31 trillion. To put that in perspective 73,100 North Americans have as much wealth as Japan & France’s annual output combined. Over the next decade they expect 22,700 to join the ranks.

Europe has 49,650 UHNWI also at the magical $100mn mark (presumably the cut off for UHNWI or the equivalent of Japan.

Asia is growing like mad with $4.84 trillion split up by 46,000 or $105mn average. In a decade there are forecast to be 88,000 UHNWIs in Asia.

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I am not sure what the World Bank was smoking when coming up with the coming forecasts I’ve rthe next decade but the figures smel fishy.  Then it all comes down to this chart.

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1) Political uncertainty? Everywhere you look – Trump, Brexit, Catalonia, Australia, France, Germany, Austria, Czech Republic, The Netherlands, Hungary, Poland etc etc

2) Potential fall in asset values – looks a very high chance of that. Current asset bubbles are almost everywhere – bonds, equities, real estate etc

3) Rising taxes – maybe not the US or Canada (if you follow the scrutiny over Finance Minister Morneau), but elsewhere taxes and or costs of living for the masses are rising

4) Capital controls – China, India etc

5) Rising interest rates – well the US tax cuts should by rights send interest rates creeping higher. A recent report showed 57% of Aussies couldn’t afford an extra $100/month in mortgage – a given if banks are forced to raise lending rates due to higher funding costs (40% is wholesale finance – the mere fact the US is raising rates will only knock on to Aus and other markets).

Surely asset prices at record levels and all of the other risk factors seemingly bumping into one another…

So while UHNWIs probably weather almost any storm, perhaps it is worth reminding ourselves that the $100mn threshold might get lowered to $50m. It reminds me of a global mega cap PM who just before GFC had resplendent on his header “nothing under $50bn market cap”. Post GFC that became $25bn then eventually $14bn…at which point I suggested he change the header entirely.

I had an amusing discourse on LinkedIn about crypto currencies. The opposing view was that this is a new paradigm (just like before GFC) and it would continue to rise ( I assume he owns bit coins). He suggested it was like a promissory note in an electronic form so has a long history dating back millennia. I suggested that gold needs to be dug out of the ground – there is no other way. Crypto has huge risk factors because it is ultimately mined in cyber space. State actors or hackers can ruin a crypto overnight. There have already been hacking incidents that undermine the safety factor. It does’t take a conspiracy theory to conjure that up. To which he then argued if it all goes pear shaped, bitcoin was a more flexible currency. Even food would be better than gold. To which I suggested that a border guard who is offering passage is probably already being fed and given food is a perishable item that gold would probably buy a ticket to freedom more readily as human nature can adapt hunger far more easily in the fight for survival. I haven’t heard his response yet.

In closing isn’t it ironic that Bitcoin is now split into two. The oxymornically named Bitcoin Gold is set to be mined by more people with less powerful machines, therefore decentralizing the network further and opening it up to a wider user base. Presumably less powerful machines means fewer safeguards too although it will be sold as impervious to outsiders. Of course the idea is to widen the adoption rate to broaden appeal. Everyone I know who owns Bitcoin can never admit to its short comings. Whenever anything feels to be good to be true, it generally is. Crypto has all the hallmarks of a fiat currency if I am not mistaken? While central banks can print furiously, they will never compete with a hacker who can digitally create units out of thin air. Fool’s Gold perhaps? I’ll stick to the real stuff. I’ll take 5,000 years of history over 10 years any day of the week.

4 more years

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Start laughing. It is ok. It is the same thing heard time and time again since forecasting it back in mid-2015. Yes, at this rate he is staring at another 4 years should his health hold out. This week capped off yet another mad push for so called ‘progressive’ (regressive) values will only drive the wedge of division ever deeper. People are growing sick and tired of being told how they must think. When liberal TV host Bill Maher admits openly that “Democrats, this movement to childproof the world has made Republicans the party of freedom and Democrats the party of poopers.” you know they are in trouble. Yet they can’t help being victims. Have you already forgotten how the liberals turned on Rachel Maddow over the tax returns? Yet one can guess they won’t run a more centrist candidate like Bill Clinton in 2020 but one pushing the thresholds of the identity kit. If they can find a genderless Dreamer who was raised by a North Korean Muslim lesbian couple they’ll have their ‘person’.

Sure liberals can celebrate the admission of girls into the Boy Scouts. It will probably become Scouts of America where tying knots will be replaced with wearing a rainbow scarf, learning gender fluidity while being banned from rubbing two sticks together to make fire because it is harmful to the environment.  No doubt they’ll learn the correct use of genderless pronouns which in reality will be of high value because the State of California would sooner jail citizens for incorrect use of language than properly vetting illegal immigrants. By the way how silent has the media been now that the Supreme Court ruled 8-1 to approve the revised travel ban? No matter how one might hate it or view its insensitivity, many of those that voted for him will happily chalk it up as a win. He ran that as part of his election campaign. Get over it.

Of course celebrating  Columbus Day 2017 was yet another chance to bash colonialists for things that modern day descendants had nothing to do with.  The City of Detroit wants to replace it with Indigenous People’s Day. Well truth be told that Michiganites born in America are indeed indigenous. We had this debate in Australia this year where socialist and Greens city councils in the Marxist state of Victoria went beyond their remit of collecting rubbish and keeping park amenities clean by announcing they would be scrapping Australia Day. Instead of asking their 240,000 residents for their opinion they rigged a poll by asking 80 activists and even then couldn’t muster more than 60% in favour of their preferred name of ‘Invasion Day’. Talk of pathetic when they can’t even get all of the victims onside. Yet the mayor of one of the councils decided to speak down to those who couldn’t accept it by telling them they lacked ‘education’. The irony was that many prominent aborigines are in favour of Australia Day because it celebrates togetherness and how far the nation has come rather than rake over coals that happened  230 years ago. Yet the socialists made out that calling it Australia Day for aborigines was the equivalent to the Jews as Germans celebrating ‘Holocaust Day’. Seriously?

This year statues of former Confederate generals like Robert E Lee sparked outrage when nary we heard a peep beforehand. Even people like basketball legend Charles Barkley said he has never driven past any statues and associated them with any excuse to grieve today. So once again Australia copied suit. Calling for the removal of statues of Captain James Cook, Governors Phillip and Macquarie, because they weren’t discoverers and settlers but ‘invaders’. Yet liberals will happily find this as another excuse to play the victim by erasing the history they don’t like. Get rid of the statues and it won’t be long before the next victim case arrives in the in-tray to protest over. Once again, people are tired of the lectures. Sick of being told they should feel guilty for things they had no control over because they weren’t even born at the time. How can we possibly move forward if they’re forever wanting people not responsible for things to apologize and be wracked with guilt? Move on!

Then we have had the NFL saga. The original BLM protest started by Kaepernick kneeling has been so diluted from its original purpose that the controversial quarterback promises to stand during the anthem if he can have a multi million dollar contract again. The initial shirt fronting bluster of NFL Commissioner Roger Goodell has turned into a 180 degree retreat after Trump tweeted about considering cutting the generous tax breaks the league receives. Money talks greater than protests in the end. Fans were sick of the in their face protests when they wanted to unwind in front of the ball game. While progressives scream the right to ‘freedom of speech’, fans merely exercised freedom of consumption – burning memorabilia and season tickets. The very money that pays the multi million dollar salaries of the players have a right to get what they handed over their hard earned dollars for. Even if they want to draw attention to a worthy cause do fans require it drilled into them every game? This is the problem with the left. It bangs on incessantly that it ends turning people off. I have not heard of fans complaining of any players protesting on their own time. Whether we like it or not, NFL players are employees. If any of us took a knee to our boss who told us to manage a difficult account you shouldn’t be surprised if you’re demoted or worse. It is not a violation of free speech. It is dissent – pure and simple. Just like those openly using tax-payer funded websites to vilify their boss. Once again, send a mail to your boss cc-ing the firm and tell him or her what a complete jerk they are and see how long you last.

Now we have Weinstein. Liberal celebrities are trying to cover up their own impropriety (Affleck, Kimmel et al) post the exposure of ‘one of their own’ by turning on POTUS. There has been tweet and post after post on Trump’s ‘p*ssy grab’ tape (which by the way he was elected in full knowledge of voters) being just as bad as Weinstein. While once can cry foul that these are double standards to OK the president but vilify Weinstein for disrespecting women, his legion of followers have more of an issue with Hollywood hypocrites try to push their heightened sense of values on them when they so blatantly hid a monster that served their lavish lives. The deplorables are sick of these liberals lecturing them. It is not a question of who is worse – Trump or Weinstein- but having actors talk down to them in such sanctimonious fashion.

Then it was only a few weeks back that Michelle Obama was bludgeoning American women for obeying their husbands at the polling booth and abandoning the ‘sisters’. Does Mrs Obama honestly believe she will sway female Trump voters back to being Democrats by calling out their supposed lack of intelligence. What a slap in the face to all women to have her patronize them. I do not recall her making those sweeping statements to get a woman in the Oval Office when Hillary ran against her husband in 2008?

So the only message to liberals is that if they want to get rid of the President then they ought to pay attention to all of the things which cost them the election in 2016. If anything they’ve amplified the noise which turned people away in droves. One can see the 2020 election campaign by the Democrats. It will crank up victimhood, identity politics and focus on trying to get people married to the state. Isn’t it telling that Trump said if politicians don’t want to overhaul Obamacare then they can switch from a bountiful taxpayer healthcare plan to the system they are resisting  change – how silent they’ve become…then again how many from both sides of the house are on the payroll of big pharmaceutical companies…? This is the thing – it is no longer GOP vs Democrats – both are not behind POTUS. If he ran as an independent he’d win.

The way the liberals can win is to encourage open, rational debate (like the Trump rally which gave their stage to BLM protestors to wonderfully unify them on many levels), allow conservatives to speak on campus on issues without causing trigger warnings, micro aggression and safe spaces and to refrain from shoving every political issue in the electorate’s face at every opportunity.  Failure to do so will practically guarantee a return of the incumbent in 2020. All the signs point to an even bigger defeat. Keep up the good work. The only fear is that any the rate your expending grievances you may run out of things to moan about when the next 4 years eventually arrive.

Is Tommy Robinson in the minority with a #2 rank book on Amazon?

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There is no moral equivalence to be drawn here with this latest attack outside Finsbury mosque in London. Innocent people were mown down by a van driven by someone filled with rage and hate. Social media is already screaming “bigot, racist, terrorist, anti-Muslim, radical” but there is a much bigger point not being addressed. The social boiling point is being reached much more rapidly than the media will admit.  Tommy Robinson was accused across social media for inspiring anti-Muslim rhetoric and fueling this person to commit the crime. His tweets matched his long standing convictions and predictions. Perhaps everyone who has bought Tommy’s book “Enemy of the State”  (ranked #2 book on Amazon UK, #131 in Canada and #2375 in America & now $350 on paperback) could be a risk of commiting such acts if that is the generalization. Of course it is nonsense. By the measure of the sales success perhaps his views maybe more mainstream than the negative ‘extreme’ moniker that is often hurled at him.

Could it be argued that a growing number of people are growing sick and tired of random jihadi attacks and see this book as a guide on how the government isn’t  handling the problem? That was not a intended to be a fact checking laced comment rather pointing out that many people potentially share his supposed ‘patriotic’ view as demonstrated by the commerciality of his writing. This is no longer a pure jihadi problem but one that is now likely to become tit-for-tat terrorism which carries far more negative connotations.

Think beyond the all too common propensity to push prejudices by lashing out on social media with little thought to trying to understand the full arguments of alternative views. Do we take a book review from apologists as fact when most of those have probably never read his book cover to cover? I am reading it because I want to form my own judgement rather than rely on others’ bias. He has strong views but no better way than self vetting. I’ve read Mein Kampf in what must be the most appalling book ever written – grammatically and content-wise. For one whose family escaped the deaths camps of Poland, trying to understand the ravings of Hitler brought added perspective to the horror although some might conclude reading it is an endorsement. It is not.

Innocents are dead or injured in this attack on Fisnbury Park Mosque. If indeed Tommy has a minority view, most people wouldn’t buy his book. Are all the people that buy it racist? Even if one thinks they are then even more reason to say that the government’s current pandering to political correctness won’t solve these hate fueled events whether radical jihadis or right (left?) wing nutters. Do violent video games incite massacres? Are all ‘Brexiters’ a carbon copy of the man who murdered Labour politician Jo Cox days before the referendum?  Do we need to bring in Islamophobic legislation like Canada (Bill M-103) to shut down people expressing concern? No, No and No. Current policy approaches are having the opposite effect as this attack proves.

At the time of the Manchester bombing I warned that vigilantism would be an ugly side effect of endless political correctness. Coincidentally Robinson suggested similar views about the rise of vigilantes after that post in a vlog. Wasting a lot of time on what  motivated the driver to commit such a terrible crime is not necessary. It is obvious. It is a revenge attack. This is highly likely to be a person screaming out for something to be done about a problem he obviously doesn’t think is being handled properly by elected officials. He probably viewed himself as a vigilante even if that title might be an overreach in this instance.  This in no way defends his despicable actions. One man’s terrorist is another man’s freedom fighter was often used by IRA sympathisers. Still it doesn’t in anyway condone killing or maiming innocents, no matter what ideology, faith, race or background they come from. It is plain awful. The majority of people would agree with that view.

Revenge attacks and reprisals only exacerbate a rapidly deteriorating relationship. However trying to say the perpetrator proves that not all such attacks are driven by radical Islam doesn’t address the core of the problem. The majority of good people (note a deliberate statement not to go down the identity politics line) want an end to innocent deaths at the hands of extremists but if free speech and the ability to tackle radicalism (wherever it lies) aren’t openly addressed these events will sadly continue. It should be totally in the interests of the majority of ‘good’ Muslims (I detest that phraseology) to want to stop radicals from collectivising their faith with what they perceive is the wrong interpretation. Common sense would say they are the most important link in the chain to weed out those who want to kill in the name of Allah. They need to be front and centre of the debate.

What the UK government (and other governments) have created is a monster of their own making. Candles, flowers, lit monuments, avatars, expressions of sympathy and ‘love conquers hate’ posts dodge the need to have a serious debate on the problem. Now we have seen first hand a real openly targeted revenge attack in the UK, people need less sanctimonious posturing on social media and focus their energies on truly understanding what is at stake. That is to ditch the liberal hand-wringing and have an open debate on the problem. Robinson’s book isn’t selling in the volumes it is by chance. Politicians should pay attention to this trend. It is not about arguing about whether he is right or wrong but noting the simmering underbelly of a growing number of people fed up with inaction. This is the end of the beginning not the beginning of the end.

What did people expect? Understanding Middle Eastern politics

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One would have to be as isolated as a Japanese Imperial Army soldier discovered 40 years after the war ended to be surprised at Trump’s strike on Syria after a gassing. Do people honestly think drawing criticism from Iran or Russia is some mysterious happening? This is sadly the result of 8 years of impotent foreign policy which made America a laughing stock to despots. From Michelle Obama hashtagging Boko Haram on Twitter to release kidnapped school girls to allowing China to build man made islands in disputed territories.

Blowing up infrastructure in another sovereign nation is always going to create its own set of problems and questions. However the response from bully nations who have been used to running the school yard in recent times are naturally going to feel precious when given a taste of their own medicine.

As mentioned in the previous dispatch, geopolitical jigsaws aren’t first derivative. They’re usually 2nd,3rd and 4th interconnections.

Iran has long used Syria as a ‘highway’ into Lebanon to maintain influence in the region. Russia has only been too glad to be its arms supplier of choice. The Iranian Revolutionary Guard has been present in Syria for decades and ever since the Arab Spring has been making sure Assad keeps the highway open to Lebanon. Does it surprise you that Iran has been active in Yemen with the Houthi tribe to overthrow the Saudi loyal government in Sana’a and create instability in Riyadh?

When the US pulled out of Iraq in 2011 they left a huge power vacuum which was filled with pro-Iranian elements. Then Shi’ite Iraqi Prime Minister Nouri Al-Maliki had worked with the US to clean out pro-Sunni Saddam- loyalists and when Obama withdrew al-Maliki sold them out. He then accused the US of backing ISIS to reestablish a military presence in Iraq in 2014.

For Russia, Syria gives it a naval port and access to geopolitical weapons to exploit against the West. If the US puts missile defenses in Poland or the Czech Republic, Putin can flare up a crisis in the Middle East.

Saudi Arabia values Israel. Not on any religious grounds but as a buffer against Iran.  Far better to have a strong power act on their behalf than risk direct confrontation. It makes sense. Iran use Syria and Hizbollah to supply Palestine with rockets to nip at the heels of Israel and make them look like oppressors. That brings worldwide condemnation and led the likes of Obama to abstain from a vote to undermine a loyal ally.

So people need to separate fact from fiction. Trump is keen on reestablishing American dominance on the world stage. Foreign policy is never a pleasant or easy business when dealing with nations who have long histories and longer memories. The missile strikes in Syria were multi faceted. On one hand to counter chemical attacks. On the other to put Russia back in its box showing a new kid is on the block and Putin will gain far more being inside the tent pissing out than on the outside pissing in.

Of course the foreign ministries are sending strong messages of anger, condemnation and a halt to cooperation. That is page 1 section 1 of the manual. Cooler heads prevail and countries move to working out how to turn an ugly situation that allows Russia to keep skin in the game, the US to look tough again and the overthrow of Assad (he can live in Zimbabwe) without leaving a huge vacuum. In case you were wondering most of the pro-Iranian Syrian  Army top brass are Sunni. To them the luxuries they are afforded as elites outweighs their religious preference.

Markets will react. The mainstream media will dig up conspiracy theories and predict we’re on the brink of war but this is Trumps’s first message to the world – That guy you had for the last 8 years is no longer around. Things are different under new management.

Trump is unpredictable and whether we like it or not that actually makes the best leader to tackle such crises. One always has to second guess the real intentions of someone who can change on a whim.

Don’t believe the hype.

When our protectors play the victim

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I am amazed that these two – Merkel and Hollande – can continue on with the same rhetoric despite the atrocities committed in their countries. I have a simple idea for them, one which legitimate asylum seekers will rapidly and completely endorse – have a zero tolerance policy of immediate and automatic deportation should “any” crime be committed. That way you can appeal to your humanitarian side and at the same time deal with a crime wave that you are having to bury by media blackouts and gagging/restricting the police.

Anyone with a bit of common sense knows that the perpetrators of these heinous crimes are completely at odds with the customs and values the politicians wish to celebrate (in fact they really don’t because they punish those who protest having to give up unnecessary freedoms) as taking the moral high ground. Taking the moral high ground only matters if the people they seek to persuade have morals. They don’t. Virtue signaling does zero. Let’s look at the NYE speeches of Merkel and Hollande.

Part of the transcript from Chancellor Merkel on NYE:

“As we pursue our lives and our work, we tell the terrorists: They are murderers full of hatred, but it’s not they who determine how we live and want to live…We are free, humane, open. Together, we are stronger. Our state is stronger.”

Part of the transcript from President Hollande on NYE:

“In five months you will make a choice … France is open to the world, it is European, it is fraternal. How can we imagine our country huddled behind walls, reduced to its only domestic market, returning to its national currency and in addition, discriminating against its children according to their origins?”

Cllr Merkel, murderers shouldn’t influence how people live but to tell your citizens to be nice, avoid certain areas, change dress codes to avoid harassment and so on-things they never needed to do in the past- is the exact opposite of what rational people think. If visitors are invited to your home and they trash it, move the furniture and steal your TV should you just suck it up and put it down to a small minority and move on? That is what you’re effectively saying.

I’m all for compassion but believe me that does not at any stage mean a country should surrender its culture and values. Switzerland is bang on the money. They argue – if you don’t plan to assimilate to our culture we don’t want you. It’s not  racist or bigoted at all. If I invite you to my house please respect my rules. That is a global truism. Even lost tribes in South America would practice the same courtesy in neighborly dwellings.

True asylum seekers who are fleeing for their lives would not be so stupid as to ruin any chance of getting a new start. Their gratitude should be so overwhelming that committing crimes would be unthinkable. Zero tolerance is the only policy. It shouldn’t affect true refugees at all.

When I read in Sweden that 5 Afghani youths raped a 15 yo boy and filmed it, what did the authorities do? They claimed it was too dangerous to send them back to their home country? I’m sorry? They mean to tell me that a 15yo (probably traumatized for life) gets the rough end of people with no gratitude or respect for the locals? If there was any truer proof of the lack of reciprocity and gratitude for Swedes, this is it. Yet they fold because progressiveness is more important to show to themselves even if the people that should get the message don’t care.

Hollande spoke of exactly the reason why these people continue to commit crime – they don’t care for the rules of France. Because he paints them as victims, they play the victim card every time. Few would “discriminate against these children because of their origin” if you Mr President didn’t openly treat them differently. Have you realized why you have the lowest popularity of any President since WW2? What is this about hiding behind walls? You must be drinking the same punch as Juncker. Who said anything about ending trade? I’d give up some inconvenience at a border crossing for ensuring my kids were less likely to be run over by a truck or machine gunned in a cafe or eviscerated at a rock concert!

Mr Hollande, your country is found on Liberté, égalité, fraternité so don’t make your own citizens suffer a restriction on liberties, equality  and fraternity. It is not the responsibility of you to sell out the French people. Several of my Vietnamese friends in Australia were children of  boat people. Their gratitude on the whole has been reflected in their contributions to their new land. They’re friendly, polite and so willing to pay back our gratitude. Some Sudanese refugees in Australia on the other hand have formed a gang in Victoria which has been responsible for countless home invasions, car thefts, car chases and aggravated robberies to mention yet the authorities try to downplay ethnic selection. Of course not all Sudanese refugees are like the Apex gang but perpetrators  should all be sent home. Zero tolerance. Why should Australia have any sympathy? Why should Australian taxpayers bear such unnecessary costs of incarceration?  This is the same stupidity behind the prosecution of Dutch PVV leader Geert Wilders over saying Moroccan crime is too disproportionate to their numbers. It’s not racist or bigoted but statistically significant (and true). Then ask yourself why his party’s popularity surged after the conviction? The people are telling lawmakers and the judicial system “YOU’RE NOT LISTENING!!” Same as One Nation in Australia. People are sick of platitudes and empty rhetoric from spineless politicians who live in fear of negative Twitter feeds.

I’m against diversity for diversity’s sake. I’m for meritocracy all the way. I’ve interviewed hundreds of people and skin colour, education level, sexual persuasion or gender aren’t on my list. In fact some of my best sales people had one key ingredient- passion – and it showed. If leaders (and I use the term loosely) keep creating more obstacles for people to hide behind them they create exactly the same outcomes they’re trying to prevent. People speak of Merkel’s economic miracle and low unemployment. Does anyone know that Germany has doubled its public sector workforce to 18% of all employees since 2006? Bigger government means preventing the private sector’s ability to create greater efficiency. I wouldn’t be surprised if the German gov’t ends up hiring refugees at the expense of its citizens. Increasing your working population to deal with an aging population is one thing. To do it with no sensible plan is another. When the proverbial hits the fan I’ll not be in the least surprised.

How they can’t see that is a mystery. Wait a minute I forgot. Seeming to good is more important than doing good with today’s politicians. “At least I tried” doesn’t cut it anymore which is again why I’m hopeful a Trump presidency that throws political correctness out the window may get things done rather than just talking about it like his soon to be predecessor.

President Trump wins the “Go to Hell” vote

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Call it what you will but the underdog won. I always held Trump had closet voters uneasy about admitting it in public for fear of retribution. Never has someone in US politics had so much stacked against him -the mainstream media, Democrats, many Republican Party elites, Wall St and self-inflicted gaffes. Throughout the entire campaign most people wrote him off yet his biggest Trump card was “Make America Great Again” which resonated with those who had been suffering under the veil of ill guided economic policy and political correctness under Obama and to be fair previous administrations. Sure people screamed he awoke the racists and bigots but there aren’t c.60mn that voted for him. Hillary lost fair and square, her second loss.

Trump, as Michael Moore said, “was the Molotov cocktail”for disaffected voters. It is not only a massive shock to the Democrats but a true reflection of how hollow Obama’s achievements actually were viewed by voters today. Had his legacy been so untouchable  the people would show him love and Hillary Clinton could have sat in Obama’s golf cart instead of campaigning for 12 months. Yes he was left with a mess after Bush but his constant dodging of due process, using the DoJ to deliberately mislead multiple supreme courts forcing mandatory ethics training for its members. His liberal policies failed voters – that’s why his party was beaten in the popular vote and the electoral vote.

While some may rattle on about the glass ceiling and this being a sexist vote against Clinton, I say it wasn’t.  America voted a black man into the Oval Office twice. They’ve passed the diversity test. Clinton carried decades of scandal, baggage, Clinton Foundation pay for play, FBI investigations, an alleged rapist for a husband and potential health issues to weigh her cause down. I also thought Tim Kaine was awful (he was thumped by Pemce in the VP debate) and never forget his line that “I’ve never lost in 9 elections” Such ‘Titanic is unsinkable’ chatter was a confirmation for me that the Dems drowned in hubris.

Another problem was the media believing their own BS. They were so stuck in their own echo chamber which invited the disaffected to sign up to vote. I wrote a report on social media showing how much it was weighing in Trump’s favour. How many 10s of thousands saw after fed his rallies.

The Republican Party will also get a massive kick in the arse. Many repudiated Trump. They did in the hope he’d lose so they could retain their core and act as true Republicans. That will be their downfall.

As to what a Trump presidency holds it will be unpredictable. Although Pemce will be a steadying hand.

Of course the bleating begins. The elites will choke on their Michelin star filet mignon steaks at their 5-star hotels wondering what went wrong. I said that this election was about poverty. 8 years of Obama made it worse. Many Democrat supporters shoved economic record after record in my face and I disproved it saying the people experiencing hardship are going through it in real time while you live behind your gated compound. The left has often resorted to name calling the deplorables as idiots and unintelligent. One suggested was genocide or education required to turn them? I queried why do people who support a party like the Democrats have an issue with democracy? People tried to belittle people at Brexit comparing leavers to morons. To turn the argument on its head those criticizing them could be accused of blind ignorance.

So beyond that expect two things in the investment world – buy defense and fossil fuel stocks and sell renewable energy. Buy gold because the world economy is already at breaking point.

For Japan, the US won’t abandon them in defense. On the contrary. Under Obama defense spending has sunk to 3.7% of GDP and I’m guessing under Trump it will head back to 4.5%+ range. I think he’ll unite Russian interests with regards to Syria. His protectionist policies will have ramifications but as the worlds largest economy there is a prerogative to do it. TPP is dead

On balance I know many Democrats will be borderline suicidal but Trump will be nowhere near as bad as the group think media has made him. The economy is already on the ropes. Therefore hard choices will be easier to make. The American people have given him the keys to the Oval Office to make change and the best part of it will be “political correctness” will be buried deep into the White House garden.

Crash survivor wins $1mn lottery

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Despite the tragic loss of a firefighter post the crash of an Emirates 777 in Dubai, a 62yo Indian passenger, Mohammad Basheer Abdul Khadar,who resides in Dubai bought a $1mn lottery ticket at Dubai Airport before his out leg to India. On his return to Dubai he escaped the crashed plane to find out the following week he’d won the prize.

Khadar said he was planning to return to Kerala to retire and would use the money to help children in Kerala who need financial support.He said he earns around $2,200a month, and would continue to work as long as he could.“Nothing else can give you the satisfaction of your hard-earned money!” 

The old adage goes that one should buy a lottery ticket after escaping adversity. It seems one needs to buy one before it.