Adonis Diaries

Archive for September 15th, 2009

480.  Dis-investment in Israel is the rage now; (September 12, 2009)

 

481.  Is fasting hard? (September 12, 2009)

 

482.  The greatest illusionists; (September 13, 2009)

 

483.  Chinese Treasury Bills are flooding the markets; (September 14, 2009)

 

484.  Beirut is for sale, stock and lock; (September 14, 2009)

 

485.  Free and Zero are unbeatable lures; (September 15, 2009)

Beirut is for sale, stock and lock; (September 14, 2009)

Beirut is no longer the Capital of Lebanon.  If you are visualizing tourist brochures on Lebanon, dating a decade ago, or if you are planning to open a business branch in Beirut based on promotional “official intelligence”, you are being misled big time. 

The only promotional materials are disseminated by the Hariri clan, primarily focused on Real Estates and nothing much.  For over two decades, this governing clan, called “The Future Party” or Al Mustakbal regarded Beirut as prime real estates venture and demolished historical merchant shops (souks) and residences for newer sky rises.

            Beirut by day is a string of eateries; mostly fast food restaurants.  By night, all the rooftops of the sky rises are transformed into night clubs.  A youth who managed to find a job barely topping $700, spend his nights on these tops.  Everyday, there is a new “night club top”.  The average Lebanese citizen, not associated to the Hariri clan, is financially banned from purchasing anything in Beirut, except a sandwich of falafel.

            In 1993, architects were assigned to select historical sites and residences; those architects listed 1,016 residences.  By 1999, that list shrank to 200 “historical residences”, on the ground that this time around the “clan” is serious about rehabilitating anything “old”: the Hariri clan is just waiting for juicy offers. 

The very few green spaces are gone to real estates developers. The gardens of the villa Sursock are gone. The last gardens of the Sioufi and the Sanayeh are tendered for, and waiting for the appropriate political climate to vanish.  Infrastructures in Beirut are frequently “redone” and you cannot circulate even by foot.

            Actually, you cannot locate any embassy in the Capital: embassies are out of Beirut because you cannot do business in Beirut.  If you need to rent an apartment in an old residence with no air conditioning, no generator (public power supply is not reliable), and no hot water on the ground that rent might be cheaper, you are hugely mistaken: the owner will dissuade you by asking $50, 000 per year.  The owner is actually waiting for real estates developers or promoters to buy his house since the municipality and the ministry of “culture” (in charge of rehabilitating historical heritage) are simply figure-heads for the Hariri clan. 

The motto for this “Saudi Wahhabi clan” is “We are in Real Estates business; that is what we do best. We buy and demolish and resell for the rich Arab Gulf prince and princesses. Lebanon economy and its budget are harnessed to develop our business. We intend to go forward full speed; the hell with Lebanon heritage and all that crap. South Lebanon is for Hezbollah or Israel, we don’t care. We own Beirut stock and lock; we are doing our best to own the rest of Lebanon.”

            The remodeled only airport is called “Rafic Hariri International Airport”; the only public hospital in Beirut is called “Rafic Hariri Hospital”; the remodeled sport stadium has been renamed “Rafic Hariri Stadium”; the remodeled public university is renamed “Rafic Hariri University”; any major highways leading to any of these “institutions” are called Rafic Hariri and you get confused. 

Rafic Hariri built his monster Palace by a university owned by the USA Administration and called “The Lebanese American University”.  Guess what, the entire square area of ten blocks around, are cordoned off by cement barricades and watched by public and private security guards and called “The Hariri Residence”. 

            There is this one that the Hariri clan selected to replace late assassinated Rafic Hariri PM; the successor of assassinated “martyred” Rafic Hariri is called Saad Rafic Hariri. 

Saad turned out to be an idiot: he failed to even form a government offered to him on a gold plate; otherwise the government Palace would have been renamed “Saad Hariri Palace of Lebanon”.

            Saad turned out to be an idiot; he is not Lebanese and never lived in Lebanon; he barely speaks Arabic. Saad is a Saudi by birth and by residence; he emulates the looks of the Saudi Monarchs and visits Saudi Arabia for frequent blessings of their monarchs.

After 6 years of trying to convince the Lebanese that he is of leadership material by hammering out the motto “My name is Saad Rafic Hariri, the son of martyr Rafic Hariri, my dear father and father of all Lebanon, especially of the Sunni Moslem sect”.  “In the name of my martyred father, I demand of the Lebanese citizens to elect me, elect my clan, elect the Al Mustakbal, elect for Lebanon, elect for Beirut the prime real estates location in the Middle East.

            Saad turned out to be an idiot. In every one of the recent “Eftar” dinners during Ramadan Saad would say “Let me refresh your memory. I am Saad Rafic Hariri”.  When Saad was appointed to form a government 3 months ago, he kept learning the Lebanese Constitution by his political counselors.  Thus, Saad stunned us by fresh information “I am Saad Rafic Hariri and the Constitution permits me to name ministers”

            Fuck Beirut if the constituents of Beirut want the Hariri clan to stay in power. I don’t need Beirut; I cannot afford Beirut; I hate the look of Beirut. Beirut is for sale, stock and lock for the idiots.

Chinese Treasury Bills are flooding the markets; (September 15, 2009)

I stated in a previous post that the treasuries of the USA, European States, and the developed nations are practically being employed as middlemen between their own investors and the Chinese investors. This was made possible because Chinese households have been saving for two decades and had accumulated three folds their saving during the last 7 years. These savings are re-invested in purchasing treasury bills of the developed States and primarily US Treasury Bills. The treasury bills of these developed nations are issued to re-finance their public debts.

            The public debts of the USA, France, and Britain are expected to reach 90% of their GNP in a couple of years; Japan will hit the 200% mark. Obligatory Crash is more imminent than forecasted previously. The real values of the treasury bills of the developed nations might collapse abruptly.   

Pretty soon, the citizens of the developed nations will start bypassing their State middlemen and purchase directly Chinese treasury bills for higher returns; especially that the Chinese currency is undervalued and cannot but goes up. Then, what will happen?  Would the USA declare the Chinese treasury bills illegal or not marketable in the US market?  The USA did that previously with many State and even too far in its aggressions, but antagonizing China is a different ball game.

            I know that the Chairman of the Chinese Central bank has an idea, but so far he could not find means to activate it.  I suggest to the Chinese Central Bank to get in touch with Lebanon Central Bank Chairman, Riad Salameh, and iron out a win-win deal.  Lebanon banking system has branches in most of the Middle East and they can promote Chinese treasury bills in this region.  I also suggest to the Chinese Central Bank to deposit $3 billions in Lebanon Central Bank, at very low-interest rate, to stabilize any attempts for punishing the bold move of Lebanon. 

It goes without saying that Israel Central Bank or any Zionist financial institutions are not to be given exclusive domain for promoting Chinese treasury bills: these institutions have proven to blackmail people and States, any time they get hold of any kinds of leverage.

Israel had always received the unconditional backing of the successive USA Administrations; Lebanon can enjoy the heavy weight Chinese backing to balance out the odds.

            I have not seen a treasury bill, much less a Chinese one, to know if they are in the market or flooding any market. All that I know is that Chinese treasury bills will become a common investment obligatory paper in the major markets very soon: It is inevitable. For sure, Chinese treasury bills will outperform all these shitty derivatives or their “botoxed-up” new gimmicks that liberal capitalism is expert in pulling off white rabbits from their magician sleeves.

Note: When I published this article, it was meant as a joke and a warning.  This is no longer the case.  Greece, Italy, and many European States are begging China to buy their treasury bills…


adonis49

adonis49

adonis49

September 2009
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930  

Blog Stats

  • 1,462,113 hits

Enter your email address to subscribe to this blog and receive notifications of new posts by email.adonisbouh@gmail.com

Join 802 other followers

%d bloggers like this: