CURRENT STATUS ; ZEHEDBIKE
PUTIN IS NOW A CRIMINAL
ONE TRILLION DOLLAR SUBS
U.N DECLARES CATASTROPHIC EVENT
WE CAN’T TRUST CHINA
EXPORT BUSINESSES CLOSES
FTNX ZEHEDBIKE UPDATE
DLC TF and the USPCT
MAY 2023 UPDATE: ZEHEDBIKE
AI AND THE TRADE INTERMEDIARY
DUMP TRUMP
ZEHEDBIKE 2026 LATEST
BILL OF EXCHANGE AND T/T
SCAMS GALORE IN 2023
NO TRADE WITH IRAN
RUSSIAN CRUDE OIL BUSINESS
BE WARY OF INTERNET SCAMS
EXPORT DISRUPTIONS COMING
MORE CLIMATE CHANGE BS
CURRENT STATUS ; ZEHEDBIKE
FTNX ZEHEDBIKE UPDATE (ZEDBIKE)
(ZERO EMISSIONS HUMAN ENERGY DEVICE: ZEHED)
17 March 2023; Subject to change often as the prototype nears completion.
Without divulging critical bits of information , FTNX will commence disclosing information about its new investment project the ZEHEDBIKE, to demonstrate how entrepreneurs world wide with plenty of ideas and little money are able to conduct such an investment project ( IPSI: Investment Projects and the Successful Intermediary. IPSI will be our next publication) Those who missed out on our recent posts describing the attribute of the bike here is an outline. A 2 wheel fun to drive ‘bike” as defined under law ( Australian ) is being built by FTNX - from an idea sprouted 15 year ago. The self charging ‘bike” is powered via a method without using ‘dirty’ expensive batteries using a large 250 watt 30 Amp motor 12 Volt electric motor . The bike never needs to be recharged from an outlet . The Inventor and builder of the prototype is D.G,Papa. The bike if fully covered, it will have doors, wipers, heater, air-con, phone charger, and bike to bike radio com. The bike is able to also traverse flooded areas when weak currents have blocked main roads is apparent( Yes, it floats as well) . The bikes Pod will be bacteria/via proof via UVC light filtering the air as it enters and leaves the cabin. The bikes cabin will also protect driver from low yield radiation fallout.The bike works under sunlight during the day and generator by night, in combination with human energy contributing less than 50% of human energy imputed, will created 100% efficiency without emissions.The ZBike came to light on a simple premise ; too many big cars , conducting shorts trips, carrying only the driver. The car can now remain at home , for all short trips . A short trip for a Zbike is 20 kilometres round trip. The Zbike can carry a up to 40 kilo excess load. The bike meets and exceeds all standards and is built without using any computer chips. The bike must be wholly made by country holding license - the whole bike must be made from the country of origin without using plastics in its cabin as a demonstration that leading countries do not need to use inferior cheap parts from countries where cheap labour is evident. Current expected export price of the ZBike currently stand at AUD$ 4700.00. FTBNXv will supply concept, factory and secure staff and will keep 20% of the company and run it as CEO. 80% share will be funded by ‘mum and dad ‘ investors to ensure great returns in a very short period of time. Full disclosure and business plan in PDF will be made available in 2025.
Current Status :
Front end had to be rebuilt after initial tests last night revealed that the bike began to shake violently at 70 KPH.Even though the speed limit on Australian roads for a 250 watt Bike is 25Kph ; we’ve decided to demonstrate the bike at its full potential before official launch date in 2025 or earlier allowing countries to import the bike where bike speed limits are not apparent.Australian bike user will have a speed limiter applied after 50 Kph. 8 capacitor now feed the motor with stunning results. At night when no sunshine is available , the capacitor are charged by peddling the bike while the bike is moving forward taking only 12.35 seconds to recharge in return 68 seconds of full power is immediately available (12/68 ratio) Currently the bike weight now stands at 234 kg.
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PUTIN IS NOW A CRIMINAL
PUTIN IS NOW OFFICIALLY A CRIMINAL
18 March 2023
Putin is a criminal.ICC has issued an arrest warrant for the arrest of Putin for inter alia kidnapping Ukrainian children and rape. This means that the warrant remain active for ever and that while Russia has a criminal as head of state and that sanctions can never be lifted until Putin is either arrested or is dead. Putin calls the warrant ' toilet paper' which means he's deeply worried, as his future has just become evident. If a bounty becomes apparent, Putin will not even be able to trust those who he thinks are this loyal followers. Present Xi will visit the criminal next week in Russia, while China, Russia and Iran hold military drills. “What a bunch of miserable people we have here, and Xi ought to be aware that the friends he chooses are those which define who he is, and what he is about.” President Xi is sending too many mixed signals , his direction is not clear which means only one thing “ he is preparing for war by attempting to take Taiwan first” He is making ready for any outside interference - using western money. When there is a lack of direction, a lack of transparency is often evident. This will be Xi first big mistake and likely his last, if he doesn’t change his direction in a very deliberate and overt manner. Xi needs to show what he stands for- now. “Time for games are over.” Time to consider all people from China as ‘persona non gratis’ by all western democracies must now be considered intently. People who follow the misguided ideals of its leader, will remain loyal to the leader.” It’s time for Nato to now enter Russian airspace and conduct its own “Special Operations” within Russian territory. This one act will stop the use of nuclear weapons on Russian soil.This is one of Russia’s weakness; trying to avoid localised conflict. The head of the Kremlin or Putin must now fall or the world will face serious consequences of its lack of resolve. To mess around with these idiotic leaders is dangerous.
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ONE TRILLION DOLLAR SUBS
ONE TRILLION DOLLAR SUBS
19 March 2023
The Australian government has sunken into deep water and now it’s trapped. It has announced the purchase of Nuclear powered subs from USA
America was forged literally from fire and war.It advanced itself like not other country has ever done before in history ; even ancient Rome, to become the leader of the western world and democracies as well as a superpower in under 250 years. Now that a feat unsurpassed in human endeavours. Something that all Americans should embrace. Such a feat deserves and commands respect, even from declared enemies. Think about this–250 years ! America and war go hand in hand, they have become masters of its application; as a matter of necessity. When one stand tall above all others , others will always try to cut it down. Australia is not America. No where near it - Never will be. Now we want to play with the big boys, very dangerous games that we have no experience in conducting on the scale being entertained. Australia is so far behind that we think we are actually in front. We don’t need subs; small armies needs mass engagement of technologies - a large amount of technologies. Drones, tanks, missiles - and trained snipers(Ukraine war with Russia has proved the effectivness of this easy to initiate aspect) - to defend out country, is what’s needed ,( 10 times more power at half the price) because at the end of the day one fact that history has taught us all intently is that one must never fully depend on, or rely on the support of others; when the tough get going. If Taiwan is attacked by China today , next week or next year; our role would be minimal, even if we had 3 operational subs at this time.
(1) 3 subs purchased and operational in 15 year versus 400 Chinese warships, 10 nuclear armed subs, today, half which are capable to destroy submarines not to mention the aircraft they have that can do the same\- at a time when China is preparing to take Taiwan.
(2) Purchase of such Subs to protect trade routes - Which trade routes ? Never heard if anything more dumb of a reason to buy such subs. Trade route like China? If such a blockade is going to happen it will, regardless of how many subs we have.
(3) Delivery at USA - 368 Billion dollar to build . Seaworthy trials, plus fit out, plus ammunitions and actual final delivery = another $ 350 Billion dollars. Add Infrastructure in Australia including training facilities, as well as facilities to store nuclear waste =
THESE SUB WILL COST AUSTRALIA CLOSE TO ONE AUD$ TRILLION DOLLARS
Add to the whole premise the danger of Nuclear accidents - and the cost of cleaning such ( which has already occurred in both USA and UK subs 12 times )
Pick on Paul Keating all your like, the fact of the matter is HE is right ABC and USA commentary is wrong. This is a bad move on so many fronts
Ask Albanese and Wong to fix the homeless crisis - or health care ,or the electricity or gas crisis.( We have plenty of gas) He can’t do that . It’s too hard. I suppose it’s easier to talks BS about subs than taking care of the homeless, or pushing down energy prices
And - All the rhetoric about native tile and Aboriginal voice. Has anyone consulted with aboriginal people about storing Nuclear waste on their land.? It seems the ‘voice’ has become mute. Strange how we seem to promote such matters except when such important issues becomes apparent, it seems we don’t need to consult with Aborigines– if we don’t want to.
What a truly irresponsible act. What a mess. Australian people ought to kick the government out on the next election and return to a Government who is able to fix social issues and turn Australia at the very least into a defendable fortress.This much is indeed possible.
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U.N DECLARES CATASTROPHIC EVENT
U.N DECLARES CATASTROPHIC EVENT
21 March 2023
In 1980 we were told to change our ways or face a climate change catastrophic event in 10 years.
In 1990 we were told to change our ways or face a climate change catastrophic event in 10 years
In 2000 we were told to change our ways or face a climate change catastrophic event in 10 years
In 2013 we were told to change our ways or face a climate change catastrophic / existensial event in 10 years
In 2023 we were told to change our ways or face a climate change catastrophic event NOW
The future has been defined
In 2033 we will be told to change our ways or face a climate change catastrophic event NOW
In 2043 we will be told to change our ways or face a climate change catastrophic event NOW etc, etc..
When the purchase of nuclear submarines no longer draws interest
When the Russian - Ukraine war becomes an non event
While people living in the streets grow
As financial stress is destroying the foundation of relationships and the fabric of society
As job are being lost
As health care falls apart breakdown
One story can be relied upon to fill the gap, when very important issue are buried in the sand - Climate change!
700 scientists now claim that 80% of climate change is fuelled by fossil fuels, bearing in mind that 80% of the population has an IQ of 100 or less. Scientists say we have reached the 1.5 degree threshold. The fact that we have breached the 1.5 degree threshold in 1981 means nothing. I say bushfires, Volcanic events, War , Space exploration, Increase in coal powered generation, and electric cars are contributing to 60% emissions. I say that the Planet can easily handle fossil fuel emissions; what it cannot handle is the stupidity of Government and weak dumb leaders who think people are cattle that can readily be led and therefore misled. However, I am a pragmatist and like the idea of cleaner air , without the hyperbole and added rhetoric of climate change being added to the pot. Today right now; there are warehouses in U.K filling up with dead car batteries than were retrieved from electric car accidents. Such cars attract very high insurance cover, that even a small accident , will result in electric cars being written off. Here we have a dirty product full of nasty chemicals that need to be recycled using high amount of energy to do so. So electric cars are now adding emissions to the air, when the whole purpose of electric cars was to stop such emissions. So foreseeable so predicable; and yet scientists failed to proclaim as much. Financial stress and adverse journalism is killing the population far quicker than climate change can ever do. Baby boomer generation are the last of their kind; we had a great time compared to what’s been going on in the last 30 year. We needs a reset , we need to return to good moral values. Failing as much means the world is doomed, for a whole host of other reasons other than climate change.There is no climate change. The planet is changing Maybe? ,normal natural changes which has happened on Earth at least 5 time in 14 billion years, slow changes which take millions of year to eventuate.As per current date the next naturally occuring climate change is due in 10 million years.Today scientist are able to measure the heat' in-between your toes' from space. They aim satellites at a country and simply look for the a hottest spot to declare a new record. Perhaps many scientists don't understand that when every year during the seasons new records are being broken, then no records are in effect. We have new temperature records breaking somewhere on the planet every months now. The fact that 'temperatures' are able to move around may have not been apparent to scientists. A place (town) breaking a record in one year, may have records broken again- nearby 'down the road.' If it's not at the exact town as per previous records, then it's a new record. Is this the criteria used in declaring climate change? Dumb Science.
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WE CAN’T TRUST CHINA
WE CAN’T TRUST CHINA
21 March 2023
So the ICC declares Putin a criminal , so what does Xi do - he decides to visit Putin for talks. China claims to be trying to conduct peace talks while denying Ukraine its right to sovereignty. Xi is so predicable, as is his intent. China is afraid of Putin because Putin is a person who could be slightly mad. Xi is afraid of Putin turning on China. Then we have China, India and KSA are profiting by buying cheap D2 from Russia. China is buying heaps of aluminium from Russia as well. I think any country who profits from the misery Ukrainians are suffering - directly of indirectly should be put on a short list to be kept by the USA “ for a rainy day.” I think such countries have not understood America’s resolve.I think such countries don’t understand that “America never forgets.” It wasn’t nuclear subs, armies, equipment, that defeated the Nazi’s in WWII. It was a small group of American scientists working in Los Alamos who changed the history of the WWII by creating nuclear bombs. The Americans came into the war late, and yet it was the Americans the ended WWII. Capish! China, India, KSA , Iran and others are profiting from Ukraine misery., and ‘rainy days’ always become evident - in time.
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EXPORT BUSINESSES CLOSES
EXPORTING BUSINESS CLOSES
28 March 2023
As it was the case for FTNX 35 years ago, it seems nothing has changed , huge supermarket giant Woolworths is closing its exporting business making a large number of employees redundant. The super market giant ventured into exporting goods it had secured from its own suppliers, a decade ago, to other countries. Other companies have also followed suit with the announcement that U.K retail giant Tesco and others like Sainsbury have ceased exporting its own brand in recent times citing a lack of performance due to Covid 19, Ukraine War and increase in freight charges– were blamed for the closures. In essence however, the FTNX doctrine of trade clearly had spelled it out intently; that trading in smaller lots and small container loads of goods, is a waste of effort for those looking to secure huge sales and the profits therein. Our in house doctrine also spelled it out in that “ there are simply too many people exporting small lots and that one does not need to spend months educating themselves and year practising to trade in small lots. The market place is simply too competitive for small traders tendering small deals. The FTNX doctrine of trade is about educating ‘ traders’ (intermediaries) to deal in large scale exports and large contracts often worth hundreds of millions of dollars - if not billions. Small deals attract small gains because small deals involves ‘counting pennies.’ Large export import deals cannot be transacted by just anyone, as such a huge market place does exist for those who are willing to put the efforts in educating themselves on process, procedures, rules and laws; and by practising to trade accordingly. Being informed about large deals is crucial to the whole aspect; one does not need much skill not knowledge to export a FCL of canned beans.
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FTNX ZEHEDBIKE UPDATE
ZEHEDBIKE UPDATE
10 April 2023
Rebuilt of the front steering end has been completed to an acceptable level which will be improved upon should a mass manufacturing event take place. Further testing on the capacitor motor and mounting it on the ZBike is the next step . Large can capacitors from USA to date can now store one minute worth of energy with a recharge rate of 9.2 seconds at 24 volts in serving the energy requirement of the 12 Volt 30 amps motor. At night when no sunlight is available the recharge rate is currently set at 7.0 seconds, meaning the peddle must be rotated in reverse mode every 15 seconds to secure one minute of power, while the Zbike travels forward.The added matters of lights and heater consumes more energy when night driving . By the time the Zbike is ready , we will have increased this driving night time aspect considerably. No batteries to drive the motor is needed, confirms the efficiency of the ZBike as a viable transport vehicle. In 2025 or before the Zbike will be officially taken for a no stop long drive of 1000 kilometres to prove its efficiently on debut. The Zbike has been speed limited to 60 kilometres per hour. To date all hand held tool, pipes, motors, nuts and bolts .etc.. over a 4 year period since the first prototype 1 was made has cost $19,000 to arrive at prototype 2. We will breached the initial $20,000 dollar spending limit to date as new batch of hand tools will soon be acquired.The entrepreneurial /intermediary aspect of this investment project will be fully detailed in FTNX IPSI 2025 edition to show potential investors the traps encountered in creating an investment project.
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DLC TF and the USPCT
DLC TRANSFER FEE
2 May 2023
USPCT MEMBERS
USPCT members have asked to further elaborate on the following aspect as some confusion is evident due to past posts.The doctrine states that the DLC transfer fee (TF) is secured from the end buyers transaction for good reason. UCP rules also states as much with the added reference “or as agreed upon.” As ‘agreed’ upon is our standard trading aspect, as allowed on current rules but as applied over a long time based on FTN’s trading experience. This UCP term ‘or as agreed upon’ allows the PCT to consider both sides of the TF aspect anyway. Advanced informed USPCT traders; meaning those who have good trading experience may attempt to secure the transfer fee from the supply side, when supply with no discounts is apparent, on merit, at will; as prescribed on the offer and subsequent contract, where the added appropriate clause is inserted. However–the problem with having the TF paid by the supplier among the things, is that the PCT loses control of the deal to favour the suppliers position. Once the DLC is in the account of the PCT, his advising bank is advised that the transfer fee is going to be paid by the supplier. The PCT then changes the invoice as allowed under the DLC rules; which is then presented to the advising bank.The PCT then sends an email to the supplier to inform its accepting bank that the DLC is now ready to collect upon payment of the transfer fee. The advising bank will do the same to the DLC accepting bank, via SWIFT messaging system, once the PCT instructs the advising bank. This aspect offers an extra layer of security, as the transfer fee is paid by the supplier from the same account used to pay for goods via the DLC. This aspect is also serves instructions and directives to the advising bank of the PCT. Since the PCT has secured the DLC, if the supplier becomes belligerent or changes its mind in any manner (changes price after contract is signed) so as not to pay/avoid paying the transfer fee or service the order, the PCT is left to pay for the transfer fee from his own pocket; something that should not be done, because the belligerent intent of the supplier has become apparent. If the PCT cancels the contract, it’s a breach of contract against the PCT even if the supplier ‘fails to perform’ at this stage. To act with a dishonourable person is also asking for trouble anyway. To be left with a DLC that won’t be transferred could now attract federal authorities/police to investigate the PCT to further evaluate if fraud is apparent, after the end buyer in another country lodges a formal complaint. Furthermore, the PCT failure to perform with its end buyer could lead to a breach of contract as well. Only very experience traders should ‘try’ the supply side in securing the TF now hovering around 0.30% of the DLC value without including other availing charges. By securing the TF from the end buyers side, the PCT holds full and legal control of the deal, and after discussing such with its advising bank, initiates the TF from his side. If the supplier becomes belligerent thereafter, it’s too late to back away, and as such, it is the supplier who may face fraud charges and breach of contract. Any authorities coming to check on the actions of the PCT will become mute, once all paper work shows a legitimate transaction took place and that the supplier has defaulted on his side.The is the safest trading aspect as far as the PCT is concerned; to secure the TF from the end buyers side when a good price is apparent. When a high price (Full price no discount) is apparent for goods that are urgently wanted, this could be the best time for an advanced PCT to seek the TF from the suppliers side on the condition a strong transaction seems evident– otherwise sticking to the Doctrine is the best and safest approach for the new or seasoned PCT. A PCT could ask for the TF from both side when high price goods are apparent, and when the supply side agrees to pay the TF, the end buyers side of this demand is cancelled, again an aspect which would only be suitable for experienced traders.There are many variable trading aspects and options that could be used, but each carry risks that does not favour the position of the PCT.The intermediary trading doctrine provides the safest legally defined aspect, supported by rules and laws.
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MAY 2023 UPDATE: ZEHEDBIKE
ZEHED BIKE UPDATE
14 May 2023
Aspects will change with progress.
ISPI will describe in detail all aspects of the Investment project. These outlines given here are snippets on the progress of the project. FTNX has selected a complex project as such, for less complex projects, the entrepreneur would still need to study aspects of ISPI in conjunction with ITSI, to complete the ‘big picture.’ ITSI is about approaching the international export market, while IPSI describes all the challenges in getting an investment project off the ground at minimum expense. This perspective alone will deliver plenty of surprises.
There are four main segments of the of the project that need to be observed; each segments have departments within;
(1) Completing the concept and development of such to the completed finished working prototype ( Product is non hand)
(2) Developing a business plan, to include all costing which could take a year on its own to produce fully ( to show fully the anticipated cost to mass produce)
(3) Operational aspects including setting up production, promoting franchise, approaching the export market and securing funding. ( are large components of the study)
(4) Sales internationally; including consignment to Agent in another country sales and distribution of gross profits and net gains.( As per ITSI)
As per (1) Above: The Zehedbike front end has finally been built. The back chariot wheel section is set. The pilot wheels are operational as from the 12 May 2023.The pilot wheels are fail safe devices which is not depended on electricity to operate ; this mechanical aspect of the invention will need to be patented as the success of this new application works extremely well. The pilot wheels take care of a person legs which are used to steady a normal bike when at stand still. The Zbike cannot ‘fail-over’ because when the Zbike bike slows down to below 5 KPH, the pilot wheels automatically connects with the road to hold the Zbike steady. Upon take off, the pilot wheels disconnect from the road. At higher speeds especially when cornering, the Zbike leans to one side.This aspect will cause the pilot wheel to connect with road, serving another purpose in keeping the Zbike stable. The effectiveness and integrity of the cabin environment has been maintained. If, due to an unforeseeable event, the pilot wheels fail, the Zbike will only lean to one side at a level which will stop it from the pod falling onto its side allowing the driver to drive the Zbike at the ‘get me home mode.’ The next aspect, is to now make all the parts to connect the motor and free wheel connected to its shaft, on a platform that moves up and down against the side of the huge back wheel ; as the Zbike speeds up, the motor automatically finds its optimal ‘gear’ on the face plate of the back wheel, and as it slows down, the motor assembly again mechanically climbs to settle near the outer rim of the back wheel; and important aspect when climbing moderately hilly roads. The speed of the motor will be limited so it cannot reach near the centre of the wheel, as the speed near the centre on a cruising Zbike bike would reach extreme levels and vibrate. The Zehed bike will be (currently) limited to 60 or 90 Kph speed range which will be confirmed at final testing. Next update when rear drive motor assembly is completed.Currently the retail cost of a Zbike remains hovering around A$4900.00 includes all freight and delivery charges internationally. Currently the Zbike carrying a 6 ft / 90 kg driver will weight just over 280 kg.
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AI AND THE TRADE INTERMEDIARY
AI and The Intermediary
6 July 2023
I have tested Artificial Intelligence (AI) application before posting this advice. Whether AI assist the PCT with matters of information , due diligence and sourcing or not makes no difference to the outcome of the trading basis; because AI cannot sign contract. In fact AI can’t really do much or even think at all. Understanding how to use AI in business applications; is to first understand how AI works. AI is a cheap gimmick created by some very clever people (stealing your material). When an “interesting” question is put forward for AI to serve an answer, if the reply from AI came back with the word ‘interesting idea’ or ‘interesting theory’ it saves (steals) those ideas, theories..etc.etc. for it own future replies ( and profits). In theory AI builds upon its own imputation by adding to its own ‘library’ interesting 'thoughts’ then in time , AI could indeed commence to string such ideas to come up with new innovations/ inventions and the likes. I recall a chess games on the Mac that learned every move I had made; so much so that it eventually became impossible to beat it . AI is learning from humans.That’s the nature of its application - to grow. Commodity trading is about ‘interacting’ with humans, once the paper work is out of the way; something AI cannot do - exercise free will. In commodity deals free will and free thoughts are an important part of the overall aspect; for a person who understands ( is informed) the nature of the business.The PCT may use AI for quick answers; but as far as trading is concerned , the ‘personal touch’ does play an important role is sealing a lucrative deal.
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DUMP TRUMP
DUMP TRUMP
12 June 2023
I can’t believe the number of boxes Trump had spread throughout his home containing secret information. Here is a former President of the United States, the same one who brags about his friendship with Putin, Kim Jong Un and the likes; bearing highly sensitive documents openly, for anyone to see or handle, with total disregard and disdain to the office of the Presidency. Trump is deranged suffering from the Napoleon complex; he really thinks he is a ruler; the kind of person that can overthrow a government and dictate policies himself. He did try to overthrow the US government and thought he could initiate a “Coup d’etat”. Trump is a traitor. Julian Assange is an and activist held in exile in U.K . In 2006, he founded the non-profit media organisation WikiLeaks, which published leaked documents that had an impact on political news.Trump went beyond this aspect by taking so many secret documents home for his own personal use. Trump and indeed those who support him conspired to overthrow the US Government as such, law enforcement should also take a close look at such supporters, some of which might also be deranged enough to take things further at the barrel of a gun. Trump is a as dangerous lunatic as are his dwindling supporters. Trump on his own has embarrassed the position and standing of POTUS unlike another time in history.
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ZEHEDBIKE 2026 LATEST
ZEHEDBIKE UPDATE
12 June 2023
ZBIKE is progressing well and ahead of time–as such, we have removed the ZEHEDBIKE page from FTNX.net website as we set up our new dedicated website dealing with only ZEHEDBIKE matters via our new site www.zehedbike.com later this year( few months) which will carry all relevant up to date information.
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BILL OF EXCHANGE AND T/T
BILL OF EXCHANGE and T/T
19 June 2023
Some PCT’s have conveyed to me that they would like to try closing a crude oil deal using a BOE and collect on T/T payment at sight. I have provided a link address for those who think that such dealings are safe. It’s one of the better explanations I have seen for sometime, on how the BOE is applied.
https://www.investopedia.com/terms/b/billofexchange.asp
The example given explains the use of a BOE intently at sight, by a PCT . The fees are huge, the payment will still take days and unlike a DLC such fees are unregulated via T/T and is considered a risk laden transaction for the PCT. Up to 4 or more corresponding banks could be involved is processing a BOE. FTNX does not apply nor recommend a PCT to trade using a BOE. The seller pays huge upfront fees . Also note to ensure the basis has a degree of safety , most BOE’s carry a 90 days at sight collection period offer a true aspect.The seller can have the BOE discounted to get their money earlier.
I see offers coming to our dest by clowns every day seeking payment via T/T who don’t understand what’s involved. The latest scams where T/T payment are sought come from Nigeria. Thieves are connecting pipes to NNPC main line syphoning crude oil and placing it in offshore tankers .They then expected trans shipment to occur and payment by T/T using a pro forma invoice aspect instead of a BOE. In this case the PFI must be endorsed by the Chamber of Commerce Nigeria or an appropriate preferred Consulate. Another aspect used incorrectly by scam trader is the use of the term NOR. The crude carriers(hull) has to be inspected and cleaned then certified before it can dock to pick up goods. NOR is serviced after this aspect one customs boards the vessel to conduct pratique.
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SCAMS GALORE IN 2023
SCAMS GALORE
10 July 2023
This week has been interesting on the number of scams being reported. BHP Australia and a large number of leading CEO’s were scammed by an intermediary on air conditioners - Had they studied ITSI or WINE PDF, they would have not fallen for such a scam. Like wise, a grain farmer in Canada was accepting a deal and waiting for a contract by acknowledging each email with a “thumbs up” emoji. The contract arrived but the buyer changed its mind.The seller took the buyer to court in Canada for ‘breach of contract.” The court ruled that the 23 “emoji” sent, was indeed indicating “acceptance” of the deal, and that the buyer owed $93,000 dollars for work done in getting the shipment ready even though no contract was signed.etc..etc.. A huge influx of ICPO’s are appearing once more as new ill informed players not aware of FTN exporting doctrine, appear online. ICPO’s are not allowed to be used by PCT in international trade deals, and that the simplest ways to ensure a suspect deal is apparent is when the ‘seller’ is asking for a small upfront deposit. Any deal that asks the buyer for any money upfront, of even full payment via an SLC is treated as a scam deal etc.etc. The professional commodity trader MUST study the FTN Exporting Doctrine of trade or give trading a miss.The risks of entering this market place, for the ill informed unwary traders is great. All documents and emails to do with a trade deal must now carry on its heading the following statement " All transactions are deemed closed and accepted once the hardcopy contract has been signed by both parties to the transaction. All conditions and terms of trade agreed upon by parties to such are those expressed in written form. Verbally implied assurances made by either party outside the bounds of the contract are not accepted."
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NO TRADE WITH IRAN
NO TRADE WITH IRAN
20 Aug 2023
Women being killed in droves by Iranian police for doing nothing more than wearing the wrong clothes, or letting their hair down. Old jealous Iranian bastard; old men with young bribes don’t like to show off the women body form is any way. The so called leader of Iran Ebrahim Raisi has endorsed the killing on thousands of men and women, openly, in the streets of Iran with impunity under some kind of stupidly inspired and primitive purposes supported by some kind of religious dogma. Where is the UN? Where is the ability to serve arrest warrant for Raisi and all police officers murdering civilians for no acceptable reason. You want to talk about brutal abuse of “human rights” then you need to go no further than Iran. I wish someone gets a big iron bar and bashes some sense into Raise head - let’s see what he thinks about “his way off doing things,’ You think Putin or Xi is bad, Iranian leaders and officers are absolute pigs and make the former said leaders look like saints. Iran people must take photographs and video of every incident and write down the names of every police officer who has bashed a civilian. Following the directives of a leaders is no excuse( Nuremberg trials made this ruling clear) ; as such police officers must also bear some of the the blame of the directives and structure served by their leader; of the torture and killings taking place in the same of some kind of god. FTNX trashes all trade inquiries from Iran. Iranian Government must be forced out- by brutal force and the will of the people and cannot rely on help from the U.N who are frightened to take on real issues, instead remaining busy concentrating on how to make money from another stupidly prescribed claim of a ‘boiling planet.’ A tiger with no teeth is useless.These pigs get no respect from me - never!
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RUSSIAN CRUDE OIL BUSINESS
RUSSIAN FUEL SALES
21 Aug 2023
As we rewrite COSI to accommodate less Russian fuel and crude oil sales it has come to light that the Russians even with sanctions applied have around 500 to 600 old rust laden tankers doing brisk trade is selling petroleum based products (PBP) mostly to China and India- sales mostly linked the Russian oil giant Rosneft. These shadow deals support suspect owners of ships and dodgy insurers as Russia sells PBP to anyone willing to buy. These ships have become masters of flag hopping (complex suspect ownership and registration of ship) and turning off their location devices (AIS) to avoid detection. Rust buckets in the form of (illegal) single hulled Afra class carriers some exceeding 30 years old or more are being sold for twice the price once sanctions on Russian PBP exports were called. Currently crude carries over 15 years old are avoided by large lawful non sanctioned suppliers of PBP. The current ghost prices out of Russia for PBP as from 19 August 2023 are as follows , as advised directly from Moscow online to FTNX. It seems that Russian sanctions have nothing to do with the internet working openly without restrictions. LNG at CIF US$ 190 per MT, ATO Gas Oil CIF US$ 210 per MT, MAZUT 100 US$ 200 per MT, JET Fuel A1, CIF US$ 44.00 per M, EN590 10 PPM ULS D2 CIF US$240 per MT, Crude oil light CIF US$240 per MT. Most prices at FOB are offered bearing a ten dollar per MT discount on the CIF delivery price. They are even offering PSI by SGS. World wide suppliers cannot competed with such prices and therefore China and India have seized the opportunities and advantages such low prices offer to its manufacturing base. Transhipments are evident as well as suspect covert payment terms. Any PCT conducting business from a country bearing sanctions with Russia attempting to buy such goods for reselling be warned- the risks are not worth the efforts needed to conclude on such deals , further more without India and Chinese buyers being present, the PCT will struggle to secure real end buyers for Russian PBP. And ..If a PCT successfully closes on an illegal Russian PBP sale, years may pass before the PCT could be arrested under a UN warrant, as such sales once sealed are often tracked by authorities.
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BE WARY OF INTERNET SCAMS
Lies, Scams and Ripoffs.
1 September 2023
Climate change and exports are related matters.There is no planetary climate change, but only pollution and hence temporary change; as created by humans, which fortunately is able to dissipate; just like is has centuries before-with time. The Tonga volcano eruption ( Jan 2023) in particular has created further, a supporting adverse event which should run its course around July next year ( based on the smaller eruption of St Mt Helen volcano, which caused the earth to cool down in temperature by 1.5 degrees over 14 months) One single rocket launch in the first 2 minutes produces over 100 tonnes of carbon emissions; Pre passenger; just to look for little green aliens which do not exist anyway, add to this; one airport in the USA (Atlanta) leads all others in the world in the number of large aircraft landing and taking off. 750,000 take off/ landings are recorded by this one airport per year (2021) even the next ten leading airports in USA, the rate of operations is still averaging around 400,00o aircrafts per year. Each person on a long flight is responsible for around 3 MT of emissions- when you do the maths assuming an average airplane services around 300 passengers, then you can see the problem, without even mentioning other airports in other countries. These numbers also incorporate matters of shipment of cargo planes via imports and exports; and I am being conservative with such numbers. When you consider that there is around 6 billion MT of carbon emissions in the atmosphere cause by humans;(how can they measure this aspect alone without considering natural events is beyond me to comprehend) then climate change data presented by experts makes no sense. It seems most emissions are cause by cheap flights, and ships - but not cars, while people are bing ripped off as corporate profits soar; and yet, I suspect many ships and planes are using cheap fuels indirectly obtained from Russia, adds further insults to western imposed sanctions. The world is now suffering via energy turmoil and misinformation created by humans for greed and profit - adversely effecting 90% of the people on earth. Take Australia for instance in matters of exports; when building the Zbike I was shocked to learn that it is very hard to obtain Australian made steel; in a country which produces so much of its iron ore for exporting to China. Australia is also a huge exporter of LNG, while local Australian homes will not be built with gas connections from 2024 .Why? Because it currently cost a family of two around 500 dollars per month to use gas and more if electricity is exclusively used. This is the new world of today- full of excuses, and scams, thanks mostly to the internet and the corporate giants running them. Sign up to a subscription online is easy; trying to cancel such is not. It seems that in todays new world, the trade intermediary needs to consider sourcing products even products made locally with the vigour of a raving lunatic to secure a suppliers attention let alone securing actual supply of a much wanted product.Internet scams and its use is gaining less favour by supplier and end buyers year upon year. Contacting a supplier via fax or hardcopy mail remains the ultimate application when it comes to sourcing goods, also in a country like Australia , some idiotic politician decided that we don’t need a fax line; even though the top 10 exporters in the world still uses such devices intently. As for hardcopy mail, Australia is cutting such a service as well. The internet will tied humans into one big communication scam fest and yet junior school teaches nothing about such matters. Countries are fast becoming infested with the Woke idealism in where austral leads the way. The trade intermediary has a lot to content with. A billion dollar revolving deal may take up to 6 months to close, once the PCT spends 6 months souring supply - thats how bad it’s become online. Supplier and end buyers have no confidence in making deals strictly using the internet/ email service. For those who want to know; even though FTNX uses an ISP used email address, our private Gmail address has been operating for years without a hitch. I recommend all export intermediaries to have an online email address and a second well tried and strong private Gmail address when conducting business; since dealing online cannot be avoided. Greed, stupidity, lies, fake deals, politics, misinformation and BS matters associated with climate change are now aspects that the professional intermediary will need to contend with in the future. Applying matters of FTNX Doctrine is now a necessity for anyone entering this playing field, over the longer term. If you want a ‘guarantee ’ on how to make money in a country try like Australia, in the shorter term, it’s easy. Buy a house(s) on credit , rent it for 5 years so that the tenant pays for the mortgage in part ; kick the tenant out in 5 years, sell the property and make double your money-One share paid for the banks mortgage, one for your pocket. for doing nothing other than having a good credit rating.And, if the money raised is placed into a retirement fund, no tax is paid.Today’s headlines “Australia facing dire housing supply”( unless you are an investor of course). If you want to trade in exports, you’ll need to ‘starve’ at first, become informed and hopefully over the longer term, big money may come your way using ‘brains and real skill’; rather than relying on the pain and misery of others, to do the same - on a much smaller scale.All the rules for sourcing and now Agency has become a very relevant sourcing matters today. A new agency agreement for use by USCT member will soon appear in the library. The time to represent disclosed supplier may now be come an added option when sourcing good online.
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EXPORT DISRUPTIONS COMING
More Disruptions to Exports Coming
2 September 2023
The price of D2 and fuel oil is steadily rising-like a fox, starring down its prey, just before initiating the brutal pounce. Such fuels will rise dramatically as the matter of climate change policies, and the madness therein, starts to take its predicable effect on large corporations around the world. Expect to pay much more for freight and insurance rates, from the start of the 2024 year. As fuel demands remain steady against a declining quantity of supply, prices will rise. We also have the madman Putin threatening the world once more, this time declaring that the Satan 2 ICBM has been made operational. Armed with 14 nuclear heads standing some 14 stories high, Satan 2 is deemed to be the worlds most destructive nuclear bomb able to destroy ( as Putin once declared re: Tsunami caused by a Russian nuclear bomb) a country like England within 6 minutes of launching. Naturally, Putin is bluffing and would not use such a device, because Putin is not a stupid man, far from it; as he understands that within 7 minutes of launching such a device, Russia will need to bear ten times the number of firepower in response ; such firepower that will destroy all Russian citizens and every living thing therein. Putin understands this aspect well, he understands that ‘all eyes’ will be looking intently at any missiles being launched from Russia, something that Putin simply cannot hide - no mater how powerful or how fast his missiles are - they remain instantly discoverable upon launching. Therefore it could be said that the launch of one single ICBM missile, will result in the deaths 150,000,000 Russian citizens instantly and destruction of Russia itself. So this is the kind of rhetoric exporters will face in the near future, which again along with an increase in prices for refined petroleum based products ; freight rates and insurance is set to dramatically rise. Having said as much, getting rid of Putin so as to allow a reset of government to occur ( giving Ukraine and Russia time to pause and rethink their positions) must be the West’s highest priority. Too many Ukrainian are being killed for doing nothing more than standing up to a tyrant; they are dying “ on behalf the rest of us.” It’s time for Putin to ‘permanently’ retire; if said “retirement” can be initiated from within Russia- the better the outcome– for everyone ; it is the Russian ‘people’ who’ll have the last word ‘one way or another’, when all else fails. As a benefit of getting rid of Putin; the rebuilding of Ukraine can commence.This one single event will generate a huge growth in trade and may steer unfriendly governments, “away from the surf and spray”, as they concentrate on the economic potential, and prosperity therein ;and not on each other– should Putin fails or falls upon his sword. Said alpha governments may even once more begin to, even a little, trust each other. The fall of Putin means the world is at peace and stable - this time; as China with its own growing internal problems, will also come onboard.
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MORE CLIMATE CHANGE BS
CLIMATE CHANGE AND PROFITS
9 Sept 2023
Global temperatures and adverse events therein is ‘made to fit ‘ current climate change rhetoric has become evident and adds further to discredit such claims. Yesterday the U.N and other ‘noted authorities’ backed up the claim that July 2023 was the hottest year ever , since records began as ‘supported by evidence.’ The media is lapping up such BS as ‘news.’ Ships, planes, satellites, oil rigs, etc.. were all uses to collect ‘billions’ bits of data to arrive at the conclusion that climate change is to blame for such adverse weather conditions. Note the term “billions bits of data.” I put to any scientist ( as I have with AI which resulted and answer which did not disagree with my argument) with half a brain that; if it were possible to have the same technology and capabilities applied to read the temperature of a country like e.g; England, during the industrial revolution 100 years or so ago, the collated readings/records would have produced a much higher temperature than collected and produced by rudimetary land based sources. The records kept 100 years ago involved very little effort and produced very loosely interpreted temperatures using glass jars to collect rain water and mercury thermometers to read the air temperature and deliver an overall weather report for all of England. How does this fit with the ‘ billions bits of data’ used to arrive at the current conclusion. The same half brained scientist cannot refute the idea that the Tonga Volcano event in 2023 was the largest volcanic eruption since the Mt Pinatubo (1991) the most powerful eruption since the Krakatoa. They cannot refute the idea that the Tongan volcano produce an explosion equal to ‘hundreds’ of Hiroshima atomic bomb explosions. I put to scientists that the current weather is reflective of the kind of change that could be expected if ‘100’s’ of nuclear bombs exploded in any country on earth. The Tonga volcano spewed into the upper atmosphere, around d 10 cubic kilometres of solid matter; not including water half of which remained in the upper atmosphere being carried around the globe in high altitude winds. This water has to come back down eventually and to do so without relevance to normal weather patterns. The earth is enduring adverse weather conditions at this time because normal weather conditions is added with the addition of billion of cubic metres of water , falling back on earth. ST MT Helen Volcano event (USA 1980 ) was also a record breaking event.The explosion produced the equivalent of a 26 megaton nuclear explosion, and dropped the temperature of the Earth by 1.5 degrees for 12 to 14 months; accordingly using this example as a model I would expect planetary temperatures to remain peripatetic , as will the rain until may/June 2024. It seems climate change is driving the race to squeeze money from governments and to drive up profits. insurance companies have already added matters of climate changes their policies and many will now not insure ‘products or property’ effected by floods or bush fires., while actually increasing premiums at the same time. Freight rates and insurance will also increase dramatically in 2024 for the same lame reason to do with ‘ climate change.’ As stated in 2023 and again reinforced even more so today , I believe climate change is nonsense, and I believe entities like NOAA, NASA and the likes are simply ‘feeding the dog’ for their own benefit. I believe the world is in trouble and I believe the root of the problem is indeed to do with the claims made about pending climate change, as the race , not to the moon, but increased profits escalate .You cannot argue with the logic.
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