Mbs Quotes

It’s just like playing Monopoly with a bunch of guys, but you are in charge of everything and you can change the rules,” he said. “But everyone has to stay at the table and play with you.

There was something curiously aligned between the Trump family and MBS. Like the entire Saudi leadership, MBS had, practically speaking, no education. In the past, this had worked to limit the Saudi options—nobody was equipped to confidently explore new intellectual possibilities. As a consequence, everybody was wary of trying to get them to imagine change. But MBS and Trump were on pretty much equal footing. Knowing little made them oddly comfortable with each other.

The official Islam of the kingdom was not any Islam, but Wahhabism, the ultraconservative and intolerant interpretation that was woven into the kingdom’s history.

Mohammed bin Salman declined to be interviewed for this book

Although the US State Department has not officially designated the MB [Muslin Brotherhood] as a terrorist organization, Egypt did so in 2013; and in 2015, a British government review “concluded that membership of or links to it should be considered a possible indicator of extremism.” However, in 2003 the FBI uncovered the MB’s multifaceted plan to dominate America through immigration, intimidation, education, community centers, mosques, political legitimacy, and establishing ‘interfaith dialogue’ centers in our universities and colleges. A document confiscated by the FBI outlines a twelve-point strategy to establish an Islamic government on earth that is brought about by a flexible, long-term ‘cultural invasion’ of the West. Their own plans teach us that ‘the intrusion of Islam will erupt in multiple locations using mulciple means’. But near the top of this strategy is immigration. To be more specific, the first major point in their strategy states; ‘To expand the Muslin presence by birth rate, immigration and refusal to assimilate.’ This strategy transformed Indonesia from a Buddhist and Hindu country to the largest Muslin-dominated country in the world. As Europe has discovered, open borders for refugees may be viewed as a compassionate response to a catastrophic humanitarian crisis, but it has long-term risks and consequences.

There were dozens of limos and taxis and MBs and Jaguars. Suitcases were going in and out and doormen in red uniforms were whistling for the next taxi in line and guys I took to be tourists who looked like they made a lot of money were with tall slender women who looked like they cost a lot of money to keep up. None of them looked like gunsels or thugs or art thief-maniacs, but you can never be sure.

In 2005 two thirds of the mortgages contained in Lehman’s issuance of $133 billion in MBS/CDO were sourced from its own subprime loan originators. A top Wall Street name was scraping the very bottom of the credit barrel.

Like the entire Saudi leadership, MBS had, practically speaking, no education.

At MBS surveys we take pride in delivering affordable, on-time, on-deadline, accurate Surveying services. We are based in the Bournemouth area of Dorset and have built a great reputation working all over the South of the UK, including Poole, Southampton, Hampshire, Bristol, Exeter, Bath, London and many more.

A pessimistic orientation does not seek accommodations with the system. We share the goal of the undercommons, which “is not to end the troubles but to end the world that created those particular troubles as the ones that must be opposed” (Halberstam 2013, 9). Moten and Harney don’t play the liberal game of reform; they are constantly reframing the problems at hand. What questions we ask are crucial—for bad questions yield worse answers, ones that compound the problem. On prison abolition, their intervention is decisive and reconfigures the coordinates of the debate: for them, it is “not so much the abolition of prisons but the abolition of a society that could have prisons, that could have slavery” (Moten and Harney 2013, 42). How do you abolish a society? How do you fight state power? Is anti-statism, ethical (that is, nonviolent) anarchism, the only solution? Is it a solution? Or do you dare to seize power, as with the example of Morales? A universal politics takes these questions to heart. For this reason, its skeptical negativity is put into the service of a more virtuous end: locating antagonisms, rather than settling for conflicts or pseudo-struggles. Its challenge is to sustain the antagonistic logic of class struggle, and avoid the comfort of static oppositions. The cultural Left has its enemies (Trump, Putin, Le Pen, Erdoğan, Modi, Duterte, Netanyahu, Orbán, Bolsonaro, Suu Kyi, MBS, etc.)—and, conversely, notorious leaders blame liberal media, demonizing bad press with the “enemy of the people” charge—but nothing really changes; the basic features or coordinates of the current society remain the same. Worse, the liberal capitalist system is legitimized (only in a free democracy can you, as a citizen, criticize tyrants abroad and, more importantly, express your outrage at the president, politicians, or state power without the fear of retribution) and the cultural Left is tacitly compensated for playing by the rules—for practicing non-antagonistic politics, for forgoing class insurgency and not engaging in class war (Žižek 2020f)—rewarded with “libidinal profit” (Žižek 1997b, 47), with what Lacan calls a “surplus-enjoyment” (2007, 147), an enjoyment-in-sacrifice. That is to say, cultural leftists, with their “Beautiful Souls” intact, enjoy not being a racist, a misogynist, a transphobe, an ableist, and so on. Hating the haters, the morally repulsive, the fascists of the world, is indeed an endless source of libidinal satisfaction for “woke” liberals. But what changes does it actually produce?

HOW MBS DEVELOPS FROM THE PSYCHOLOGICAL POINT OF VIEW: Childhood and adult stressors trigger feelings of fear, anger, or resentment, which are stored in emotional memory (internal child). Personality traits learned in childhood create a strong sense of duty, self-blame, self-criticism, guilt, and excessive concern for others (internal parent). In situations where people feel trapped by stressful events that trigger emotions from childhood hurts, or feel a conflict between what they want for themselves and what they feel they need to do for others, MBS symptoms are likely to develop, especially if there is no outlet to express these feelings or the feelings are actively suppressed.

Now, picture a bank that’s financing CDOs for a hedge fund through Repo transactions. Suppose the floor dropped-out from under the CDO market, like it did in 2007, and the bank issued a margin call to the hedge fund. Suppose the hedge fund told the bank, “We will give you your cash as soon as we sell some CDOs. Maybe next week.” That doesn’t work. But the Repo counterparty has an out. No need to wait. Once there is technically a default or bankruptcy, the bank can take over the hedge fund’s positions and liquidate them. Then they cross their fingers that they had taken enough margin to cover the losses on the forced sale! That brings up a good question. Why are there runs on banks and shadow banks? The question is easily answered when you look at what banks and shadow banks have in common. They lend long and borrow short. It’s the age-old business model flaw of the banking system. They are lending money long-term and borrowing money short-term. A bank writes a 30-year mortgage loan to a homeowner and borrows money from their depositors to cover the loan. Remember, the depositors can show up any day and withdraw their money. Unfortunately, this same bank business model flaw extends to the shadow banks. They also lend long and borrow short. Just like a bank, a REIT’s MBS portfolio might have an average weighted maturity of, say, seven years.

Work harder on yourself than you do on your job and you will never work again.

When you release the garbage of negativity, you can digest positivity for your destiny.

You possess the power to access or eliminate every doorway in your life. Choose wisely!

Don't expect others to put forth more effort toward your dream than you're willing to put. The door to success requires dedication. Unlock the door.

Instead of secure calls with official translators, they swapped emojis on WhatsApp and other messaging platforms.

MBS are bonds that use pools of mortgages for collateral. The bond issuer buys up thousands of mortgages, and then repackages them into bonds. As payments are made on the mortgages, the bond issuer passes those payments through to the bondholders (minus their fee, of course). That’s why MBS are considered to be “pass-through securities.

The three main players in the MBS market are: • Government National Mortgage Association, or GNMA (pronounced “Ginnie Mae”), is backed by a federal agency and guarantees mortgage payments on loans issued through federal loan programs (like the VA and the FHA). Unlike other MBS, bonds guaranteed by GNMA are backed by the full faith and credit of the US government, just like Treasury bonds. • Federal National Mortgage Association, or FNMA (“Fannie Mae”), is a private corporation that buys mortgages from large commercial banks, repackages them into bonds, and sells those bonds to investors. FNMA is not backed by the federal government (even though the government created it), so these bonds carry higher credit risk (the risk that you won’t get your money back). • Federal Home Loan Mortgage Corporation, or FHLMC (commonly called “Freddie Mac”), works almost the same way as FNMA. It buys up mortgages from smaller lenders, like savings and loan banks or credit unions, then packages them to create MBS. Freddie Mac bonds are not backed by the US government.

MBS face all of the regular risks (changing interest rates, for example) linked to bonds and other fixed-income securities, and two that are unique to them. These special risks are tied to the underlying mortgages: homeowners could default (stop making payments, substantially more likely with private-label MBS) or pay off their loans early, either of which would affect investor yield and cash flows.

MBS can be harder to buy and sell than other types of bonds, as they’re bought mainly by institutional investors. Many MBS are issued and sold in large denominations (like $25,000 minimums), but some are issued at $1,000 (like most other types of bonds). You can trade MBS through specialty bond brokers, which you can find at most major brokerages (like Charles Schwab or Merrill Edge). The easiest way to invest in MBS is through specialty mutual funds or ETFs. Though technically MBS are not fixed-income investments (because the payments can vary monthly), they’re usually included in that category (because they’re bonds).

Russia was not waiting for rapprochement with the United States. They could see that Trump’s chaotic White House was creating numerous financial opportunities worldwide, and they were going to scoop them up. On December 5, 2018, the Middle East and North Africa representative for the Russian state atomic energy company Rosatom went to Riyadh to meet with MBS. Its representative, Alexander Voronkov, said Russia would supply Generation 3+ VVER-1220 reactors for the kingdom, which he said were the most advanced ones Russia offered.26 It’s worth noting here that in 1994 Russia built the first nuclear reactor in Iran, also a VVER model. The reactors in Bushehr nuclear station were to be the same VVER-1220 as those Russia promised to Saudi Arabia.27 Even more interesting, Russian arms exporter Rosobornexport, a sanctioned arms company, sold S-300 air defense systems to Iran to protect Iran’s reactors, and one could imagine this could be part of the package to Saudi Arabia as well.28 The Russians were brilliantly offering regional parity and stability to both Iran and Saudi Arabia if the reactors were bought. It came with a tacit guarantee neither side could attack the other since they would have the same air defense system. On January 22, 2019, the International Atomic Energy Agency (IAEA) delivered a report on what Saudi Arabia needed to do to stay within international norms if it pursued a nuclear power program. Mikhail Chudakov, a former head of Russian nuclear programs and IAEA deputy director, delivered the report that gave the kingdom the green light to move forward.29 The following day, the kingdom received offers from five nations for construction of the project: the United States, Russia, France, South Korea, and China.30 The Saudis originally wanted sixteen reactors but have scaled that back to two as part of a larger effort to diversify its energy grid.31 The “tilt” seems to be toward the Russians, with the Russian IAEA official paving the way and the Rosatom folks working over the royal family. Like their arms sales, the Russians promised a fairly cheap but stable deal that comes with massive long-term costs. But it was Team Trump that started this game, trying to cheat, abuse ethics, and lie its way into potentially gaining billions of Arab sheikdom money under the guise of a major foreign policy initiative. In the end, they got played by Russia, who knew corruption at a master-class level. Trump was a piker. And Russia ate America’s lunch… again.

According to analysts, 666 Fifth Avenue had about a 30 percent vacancy rate and only generated about half of its annual mortgage. It was rumored that the largest tenant was planning to move out. A Canadian company named Brookfield Property Partners took a ninety-nine-year lease on 666 Fifth Avenue. Brookfield paid the rent for the entire century-long lease, upfront, which amounted to about $1.1 billion—removing Kushner’s biggest financial headache (a $1.4 billion mortgage on the office portion of the tower due in February 2019). Brookfield got its financing for this deal from a $750 million mortgage from ING Group, a Dutch multinational and financial services corporation, and a $300 million mezzanine loan from Apollo Global Management.9 However, the Qatar Investment Authority, the government-run agency that made decisions about the nations’ financial investments, bought a $1.8 billion stake in Brookfield Property Partners. As the second largest shareholder, they had a lot to say about what should be purchased; in this instance, they apparently used Brookfield to bail out 666 Fifth Ave. This investment was a godsend to Kushner, who was now out of debt just as Qatar was suddenly no longer blockaded by Mohammad bin Salman bin Abdulaziz Al Saud, crown prince of Saudi Arabia (known colloquially as MBS), and his allies.

MBSs are difficult to hedge because their duration changes as the market moves. That’s because homeowners can prepay mortgage loans at any time. When homeowners move, refinance, or sell their house, they pay off their loans, and those prepayments are paid directly to the MBS bondholders. When interest rates decline, homeowners repay their mortgage loans faster. When interest rates rise, prepayments slow down and people stay in their homes longer. And therein lies the problem. When interest rates decline, MBS bondholders get more of their original investment back sooner than expected. When interest rates rise, the securities are outstanding for a longer period of time. It’s what’s called negative convexity. When interest rates fall, MBSs become shorter-term securities. When interest rates rise, they become longer-term securities.[

(In fall 2018, Khashoggi’s nephew, Washington Post writer Jamal Khashoggi, was hacked into pieces with a bone saw by aides of the Saudi government in their Turkish embassy, allegedly under the orders of MBS with information supplied by MBS’s friend, Kushner, after Khashoggi had criticized Trump.35 Adnan Khashoggi is also dead, having passed on in 2017 due to unknown

MBS took effective control of Saudi Aramco away from the Ministry of Petroleum

After November 4, 2017, only King Salman or MBS had direct control over any of the kingdom’s security forces.

MBS believed that recent Saudi kings had ceded too much authority to the ulama, technocrats, and tribes. He intended to reassert centralized control. He also intended to maintain Saudi predominance in the Arabian Peninsula and increase Saudi influence in Syria, Iraq, and Egypt. Implicitly, this meant competing with Iran while exploring co-existence and cooperation with Israel.

MBS saw himself as the anointed leader of Saudi Arabia’s youth, the 50 percent of the population younger than twenty five years old.

King Salman appears to have engineered a peaceful handover of power from the sons of King Abdulaziz to his grandsons. Third-generation princes now serve not only as crown prince but in nearly all provincial governor, deputy governor, and royal cabinet positions. Like the young team of brothers that King Faisal assembled in the 1960s, the grandsons of King Abdulaziz installed by King Salman and MBS expect to govern Saudi Arabia into the foreseeable future.

It was a badly kept secret in foreign policy circles that Mohammed bin Salman—MBS—had a cocaine problem and could disappear for days or longer on benders, or on long and frightening (at least for other passengers) trips on his yacht. He also spent hours every day planted in front of a screen playing video games. Like Trump, he was often described as a petulant child.