Thursday, June 29, 2023

The Potash Industry

 









It is difficult to understand why the Israeli producer ICL (green line) has been losing value all this year n comparison with its competitors. I am losing in comparison with the industry and absolutely in shekels. Why? I ask. Is the potash market antisemite? I don't think so. It is the Ehud Barak effect, that power-hungry monster that organizes and finances Saturday night violence that creates the impression that Israel is in a state of chaos and instability. I shall keep holding this loser, hoping it will regain the shekels lost. 

Wednesday, June 28, 2023

Kwarezm

 

At last, I learned where and what was Kwarezm. It was Central Asia - today Turkestan/Afghanistan - peopled by Persians. They spoke Persian. In fact, it was Persia. Very large and developed cities: Merv, Bukhara, Kabul, etc. Then the Mongol savages arrived and exterminated the population. Why? Because Mongols bred horses, ate horses, drank mare's mild, and waged war on horses, they measured wealth in the number of horses owned. The horses eat grass. Cultivated, irrigated land grew no grass, it was worthless. The population too was worthless, so they divided them into groups of 400 and assigned one Mongol soldier to kill the 400. They killed them like they used to slaughter sheep - one deep cut on the neck. Mongol nomads knew how to deal with sheep and soldiers completed their assignments before sunset. 800 years after Merv had not been repopulated and it is a UNESCO site.   

Sunday, June 25, 2023

Meanwhile in Tel Aviv


  I had a meeting in the subterranean labyrinths of a hotel near the beach. It was very hot and I had to ask for a chair. A gentile African brought me a comfortable chaise longue while the people debated standing around.  Soon they too asked for chairs. After emerging from the depths of Tel Aviv, I went to girl-watching on the beach. The typical Tel Aviv beach girl has long blond hair and a slim and fragile-looking body; of course, the perspective of this alte-pischer is not wolfish as it used to be. I counted three girls for each boy but the boys seemed more interested in other boys. 

Saturday, June 24, 2023

Lord Hannan on the small gangsters of Leningrad

 

Lord Daniel Hannan wrote the first sensible piece on the Wagner rebellion going on in these hours in Russia. In Yahoo News, my fav internet paper. Interestingly, he calls Prigozhin a small gangster from Leningrad - Leningrad and not Petersburg! - but not a member of Putin's Leningrad secret police circle.  His father was Jewish, now I see he looks like my Uncle Ivor. The  Wagner mercenary army and the legitimate Russian Armed Forces are apparently fighting. Wagner appears to be advancing toward the capital.  

Thursday, June 22, 2023

Saudia is Doomed and They Know It

 
Saudi Arabia’s fiscal breakeven price of $76.10 per barrel means that it remains heavily in the red, with only Qatar being able to record a surplus thanks to its low breakeven point of $39.90 per barrel.

The Saudi solution is to diversify at a breakneck tempo, building up the Neom project which would be another Dubai (pic). 

Half of the young population has academic diplomas and will not do any physical work. 30-60% are effectively unemployed. All the work is being done by Pakistanis and similar on contracts. Saudi subsidies/alms to the Palestinians are being cut. 

No More War

 

The continent of Europe is tired and desperate to avoid wars. It has succeeded in living in peace now for seven decades and wants to continue enjoying quiet and prosperity. I hope it will succeed. 

But we know that war is the condition of the human species. Has it changed? 

Wednesday, June 21, 2023

Summertime


On Friday the 16 of June, I received the Permit for the Ramat Gan building. It was a very tense job, the owner called me every day and evening. Since then I did no work, I am taking a pause and just relaxing. My BP fell to the 110/75 region. Boring.

Monday, June 19, 2023

While I was not looking

 These days I was busy with the Ramat Gan project and did not look at the stock exchange happenings. Today I discovered that my portfolio grew very nicely - something like 20% in four sessions. I have no idea what happened. It could be that Ehud Barak insulting a female on the late evening news TV improved the national mood. Barak is a former Prime Minister, a war hero, a millionaire, and a monster, financing and inciting the masses to violence against the elected government. I hope he is finished and will disappear from the scene. 

INTEL is investing 25 billion dollars in its Israeli fab, it is the largest ever investment in this country. Parallelly is also investing 35 billion in Germany, 10 billion of it being a subsidy. There are no chip fabs in all of Europe.  If China keeps suffocating Taiwan, INTEL may find itself alone in the arena. 

Saturday, June 17, 2023

Earth's Poles Moving Because of Pumping of Groundwater

 
Clark R. Wilson, a geophysicist at the University of Texas at Austin, and his colleagues thought the removal of tens of gigatons of groundwater each year might affect the drift. But they knew it could not be the only factor. “There’s a lot of pieces that go into the final budget for causing polar drift,” Wilson says.

The scientists built a model of the polar wander, accounting for factors such as reservoirs filling because of new dams and ice sheets melting, to see how well they explained the polar movements observed between 1993 and 2010. During that time, satellite measurements were precise enough to detect a shift in the poles as small as a few millimeters.

Dams and ice changes were not enough to match the observed polar motion. But when the researchers also put in 2150 gigatons of groundwater that hydrologic models estimate were pumped between 1993 and 2010, the predicted polar motion aligned much more closely with observations. Wilson and his colleagues conclude that the redistribution of that water weight to the world’s oceans has caused Earth’s poles to shift nearly 80 centimeters during that time.

Sounds logical. The UFO people may be investigating these strange changes in the orbit of this planet. 

Sunday, June 11, 2023

The neighborhood has changed


I reside in the center of this Kfar Saba settlement, sitting in a chair in front of the Penguin ice cream shop on Rothschild Street. The next shop is a bakery but when I arrived, say fifty years ago, it was a dark dusty dress shop owned by twin Hungarian ladies. They had numbers tattooed on their forearms, they were survivors of Auschwitz. I told my mother to talk to them, but she was shy and never did. The next shop, now a pizzeria, was owned by a Hungarian with machines to make rubber stamps. I used to talk to him till he died. In the corner of the staircase of this old building, a Romanian had his watch repair shop, sitting on maybe 2.5 square meters. Next to the Municipality, a shoemaker had a wooden shack; he died and there are no more shoe repair shops in the town. The shack (restored and painted anew) is maintained as a historical souvenir of old Kfar Saba. Schoolchildren are taken to visit it. It is next to the first water well that allowed the existence of this hundred years old agricultural settlement. At the bus stop on Weizmann Street, old Yemenites were selling narcotic leaves they were addicted to. At that time there were still a few active farms.  A year before, eggs had been rationed, but the oldtimers continued buying "black market" eggs from Druckman's farm. Thinking back, the population of the town was depressing, poor, and miserable. 

Sitting on the street, I see a different public. Most women have blond hair, and there are five or six hairdressers on the block. There are quite a number of tall, original blonde Walkiries; they speak Russian among themselves. Many fat Philippine caretakers, shopping or accompanying old women. Some suspicious-looking muscular Africans, and some fat-assed Ethiopians. New tall buildings everywhere. The city shines with prosperity. I felt more at home then.   

Journal


Everything is as well as it can be. Could be better, of course, but I am satisfied. I completed all the pending projects and am waiting for the coming ones to mature. I had a few zuzim and bought shares in the Israeli defense industry. Germany is buying Arrow 3 systems against Russia and paid an advance deposit of 650 million euros. On the other hand, I am losing on my Potash and ZIM shares, two very stable and strong companies. I am astonished by my misjudgment, they are the main components of my portfolio. The cousinhood of my grandchildren is about to grow, my youngest daughter is expecting in December. 

Saturday, June 10, 2023

Mongols

 

It appears that the Mongols are among the people with the highest IQ.  Yet they have produced little literature and inventions. 

There are 1,615,500 women in Mongolia, which has a population of over 3 million. 67 percent of women reside in urban areas while 33 percent live in the rural areas.

Average life expectancy of Mongolian women is 75 while the average age of first marriage is 24.5.

Mongolian women give birth to 2-3 children on average. The Government bestows a Glorious Mother order for mothers of four and more. 4.8 percent of Mongolian women are single mothers.

One in five Mongolian women has a university degree, and 585,700 women are employed today. The average monthly income of women is MNT 846,100.

Rakosi, the Hungarian Communist dictator, was deposed and found refuge in the SSSR. He worked as a librarian somewhere in Central Asia and married a Mongol woman. It was unimaginably exotic for Hungarians. 

The Recession has ended

 

American leaders have arrived at the same conclusion as mine: It is necessary to have a good war to end the recession. America is sending billions worth of weapons to Ukraine, which dutifully destroys them in a few days. The West has full employment and the economy is accelerating. NASDAQ is rising. 

Good Days are ahead.

Neomedialism is here (Rand Corp.)

 

The characteristic conditions of neomedievalism are already evident

  • Politically, the centralized nation-state is in steep decline, spurring severe political crises in many countries.
  • Economically, growth has slowed and become imbalanced, leading to the return of entrenched inequalities and the expansion of illicit economies.
  • Nonstate threats, including pandemics, banditry, and ecological and natural disasters, could outpace rival militaries as security concerns.
  • Preindustrial aspects of warfare have reemerged, including the prevalence of siege warfare, irregular and protracted conflict, the privatization of warfare, and the prominence of intrastate conflict.
  • The realities of state weakness and societal fragmentation should become central considerations in all defense work
  • Coping with domestic and transnational threats and deterrence of attacks that threaten political legitimacy should have a priority equal to or higher than deterrence of conventional military attack.
  • The conservation of military resources and the avoidance of major war will become critical to national success.

  • The goal and logic of warfare could change accordingly
  • As the pursuit of total victory over flashpoints, such as Taiwan, becomes infeasible, targeting the fragile political legitimacy of the rival could become more attractive as a direct way of gaining leverage in negotiations on proximate disputes.
  • A perpetually tenuous level of popular support for the government will likely deepen the military's dependence on mercenaries, unmanned systems, and coalition partners for combat operations.

Wednesday, June 7, 2023

Potash at 307 US$/ton


 CANPOTEX (the sales arm of Canadian miners) has reached an agreement with China’s potash buying committee for standard grade potash shipments through to December 31, 2023, at a price of US$307/MT on a CFR basis.

 Alarmist emails (see left from Yoav) cried that ICL was sinking by 9% but I cannot find that data. ICL is rising. Confusing. 

Yesterday I asked Chat AI about potash outlook. Said it know nothing but it looked poor. 

P.S. For some contrarian reason, ICL ended at 1 or 2% higher today. 


My Granddaughter Noya passed the test of מחוננת (talented) and is going to be translated to a special school. She is 7. At the same age, I was selected in Budapest and transferred to the elite school Gorkiy with a Russian teacher. I commented to my wifey: "You were not selected in Kiev" and she said - with contempt - "... and what did you get out of it?" 

Friday, June 2, 2023

Saboteurs of the GNP


The City Engineer of Modi'in said in an interview on HaAretz that his town is low-density and is not giving more building permits. No one I know of said it so succinctly. This policy may have been the real reason for my hitting a wall in Ramat Gan. Simply, they are against development. They are used to the current situation, they do not want to be bigger or richer or cosmopolitan. Having grown up in a Socialist regime based on Marx's Capital, where the State proclaimed its achievements in steel production growth, fantastic agricultural yields, and more houses built for the workers, I cannot yet believe that somebody is against the GNP.

But they are.

Thursday, June 1, 2023

What is happening?


I watched an Australian podcast about what really is happening in China. Since official statistics are untrue because local mandarins systematically send fake reports to the central government (something traditional in the imperial times), it is necessary to search for special data to learn what is happening. Someone searched the internet for any public data on salt consumption in China. Chinese consume about 11 grams per day, way above the WHO guidelines. It appears that calculating the population numbers based on table salt sales, China has about 900 - 1000 million inhabitants. Pompeo also mentioned that figure. About 250 million "disappeared" during the COVID epidemy (Vehicles waiting near a crematory - satellite image). They had no vaccines and to hide mass deaths, they closed down public transport and forbade people to go out to the streets. 

Per contra, it was published that in Israel no healthy adult died, only already sick elderly people. I got the virus but was vaccinated and did not feel a thing. Israel is the best country in the world.