Adonis Diaries

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General Electric  vying to plunder Lebanon water resources?

General Electric is trying to do in Lebanon what ARAMCO did in Saudi Arabia in the 1960’s, where they formed a joint mutual interest entity between Saudis & Americans to exploit exclusively Saudi Oil fields at the very early times of the Oil revolution.
And then to commit Saudi Kingdom to sell it only in US dollars for them to keep printing US Dollars of the recurring  inflation.
Lebanon wealth is in its waters for it being a natural basin reservoir in the Near East (Levant States), where GE says we have 3 trillion m3 of renewable waters every year, to exploit it they’d dig at 400 m of altitude and let this underground basin of water burst into waterfalls and lakes, then channel it to the Arabian gulf countries like Saudi and Kuwait and sell them 1 trillion m3/year each.
Our government is asked here to manage  the monetization of our waters as a natural resource and ask market makers in the USA to create future contracts in this resource and price it  same like Oil and float it as a basic commodity before any step or contract is undertaken
If this happens, we’re the wealthiest nation on earth to become!
Lebanon holds all the waters the middle east needs and it is renewable from melting snow and rainfalls every year. (Climate change is reversing this trend: rain fall and snow capping mountains have become rare events in the latest years)
GE runs most of the 23 desalinisation plants in Saudi Kingdom and they consume 287,000 barrels of Oil a day to purify 3 million m3 of sea water each day, representing 60% of water needs. This produced water still lack minerals and many natural component to be drinkable.
The very high cost to get water in the Arabian peninsula has sent GE staring at Lebanon waters as the natural basin of the Middle East.
When this commodity is priced, monetized and floated in the financial markets it can be the major component of Peace in the region, and properly distributed to all, to drink, use it in agriculture and power generation dams. It is as scarce as Oil but more valuable.
Kiwan opinion is “I am for the fact to return other giant companies in the deal to implement competition although I believe sincerely that there need the United States of America in order to conclude an exploitation of our resources in waters, for several reasons.
One, this will be a strategic alliance as the future markets of amenities exist exclusively in the USA, a vital factor has the monetization of our water resources.
Two, our wealth of waters is strategic for Israel and a major component of peace in the region (What kind of peace? “What is ours is ours, and what is yours is still ours”?)
Three most of “our clients” who crave potable water like the Arab Gulf countries are of Allied strategic with the USA, where our re-entry for this convenience and our economic stability based on the sale of the Lebanese waters has abroad”.
Note 1: Turkey has been adopting this strategy of using its vast resources in water to blackmail other regional States like Syria, Iraq and Iran. It has been foolishly building many dams, just to retain water from other countries and be paid for this natural resource.
Note 2: Israel is keeping Syria Golan Heights for its vast sources of water and denying the Palestinians their share in water.

In 2008 and 2009, the FEd played the role of world central bank and lent to foreign multinationals and financial institutions. 

First, the US central bank encouraged the speculative financial funds and institutions to buying credit card debts, student financial aids, and car credit debts by extending up to 95% of the necessary funds at very low-interest rates of between 1 to 2%.  This mechanism was very profitable to speculative funds since they generated up to 50% profit.  Two-third of the $71 billion in Treasury Bills loans have been reimbursed in this short lapse of time.  Questions: “Who paid up for these profits? Are credit card high interest rates still applicable?  With whose money?”

Second, the independent Senator of Vermont, Bernie Sanders, wrote the amendment to the Dodd-Frank law, which forced the US central bank to disclose all the financial short-term loans extended to foreign banks in Treasury Bills.  A tentative account revealed that the Swiss bank UBS received 37 billion in October 2008, the British Barclay was infused with 10 billion (Barclay had purchased many branches of the failed Lehman Brothers), the Belgium Dexia 23 billion, the German Commerzbank 13 billion, the French BNP Paribas, Societe generale, and Natixis many billions.

In addition to banks, the FED lent to multinational manufacturers such as Toyota, General Electric, Caterpillar, Harley-Davidson, Verizon, and even McDonald:  It appears that all these companies have their own financial speculative institutions.

So far, 21,000 transactions covering 3,300 billion have been revealed:  The in-depth accounting is resuming its job.

Information/Communication Technologies (ICT): Transmitter of crisis and catalyst of global economic restructuring; (Dec. 19, 2009)

Astronomical sums are invested in the technologies of information and communication (ICT). In 2008 alone, over 1.8 $trillion were spent by private and public institutions.

Since 1980, half the total investments by banks and financial institutions have been oriented toward the ICT sectors so that exchange of information and transactions be as fluid and instantaneous as desired on global scale. It followed that banks and financial institutions were drawn to diversification into acquiring factories, lands, real estates, and mines.

Multinational ICT companies were frequently reconfigured to adjust with evolving strategies and global market access.

Before the financial crash, Citigroup hired 25,000 computer programmers and invested 5 billion on ICT technologies and related infrastructure in 2008.  Lehman Brothers was using 3,000 programs on 25,000 servers around the world. 

This run for ICT technologies was viewed as the main tool for “space-time bailout” by channeling capitals to emerging sectors susceptible to inevitable expansion. The age in the 70’s was coined “society of information”.  Thus, in 2007, US multinationals profit from outside investment amounted to 25% compared to only 5% in 1960.

So far, Information and Communication technologies are the two main factors for capitalist global economy expansion and have displaced many traditional economies. For example, Skype (voice on internet) has over 400 million users and is the most important provider of international communication. Skype was the catalyst for the explosion of high debit mobile phone infrastructures and for the demand of internet services to enterprises. Facebook has 300 million subscribers (to be updated to over 900,000?).

Mobile phone is displacing computers and TV markets: there are over 4.5 billion users of mobile phones and the latest generations function as multimedia screens. Apple’s mobile has swept China and South Korea markets; over 100,000 programs were developed for its applications.

Amazon, Apple, and Google (via YouTube) have broken serious barriers into cartels in music, books, video games, and movies. Low priced connections are provoking the centralization of programs, data, images, and emails are frequently stored in “farm servers” belonging to giant operators.

In 2005, 19 out of the 25 first ICT enterprises were from the US and over half the satellites are US. Heavy weight consumers of ICT such as Wal-Mart and General Electric impose standards on information and communication systems that are applied globally.

By 2009, Samsung, Nokia, Nintendo, Huawei, Tate, SAP, Telefonica, DoCoMo, Americal Movil, Vodafone, and especially China Mobile are displacing minor US players among the 250 greatest enterprises. Newer investments are primarily flowing from China, India, and Mexico in ICT.

Although Cisco (the prime provider in web routers) has accumulated financial reserve of $20 billion, Microsoft (the emperor of systems of exploitation) around $19 billion, Google (dominating search engines and on-line video) around $16 billion, Intel (world leader in semi-conductors) around $10 billion, and Apple (programs most prized by elite users) around $26 billion, only China Mobile generated profit of $18 billion in 2009.

Publicity expenditures in 2009 amounted to $500 billion (though they declined by 10% after the financial crash), but multimedia expenditures in the US in 2008 reached $900 billion and are increasing by 2.3%. 

The giant ICT companies are trumpeting acquisition of competitors and setting the stage for an unknown educational, cultural, and economic world.  The capitalist global economy is going ahead and strong because of IC technologies; we have the impression that the world is reduced to a town square.


adonis49

adonis49

adonis49

June 2020
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