This story is an important part of the ongoing "picture" that's developing, with businesses leaving "blue" states and heading for Texas, and it may be part of that wider picture I blogged about yesterday that apparently moves are afoot to (1) combat the move to "cashless" societies and digital "currencies". It was spotted and shared by M.D. (thank you!), and it concerns the latest business to join the exodus from Nuttyfornia:
This says it all:
The smart money may be sticking together and sticking it to California.
Oracle is joining Tesla and Hewlett Packard Enterprise in moving some operations to Texas, detailing the move in a filing with the Securities and Exchange Commission late Friday.
"Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas. We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work. Depending on their role, this means that many of our employees can choose their office location as well as continue to work from home part-time or all of the time. In addition, we will continue to support major hubs for Oracle around the world, including those in the United States such as redwood City, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington, among others, and we expect to add other locations over time. By implementing a more modern approach to work, we expect to further improve our employees’ quality of life and quality of output" the SEC filing noted.
Now ponder the wider implications of this corporate exodus for a moment. (1) All of them are moving to Texas. (2) If one looks at what those corporations are involved in, we have (a) computer technology, databases, hardware, and information, (b) space, and (3) forms of alternative energy. In other words, it looks as if the infrastructure of Texas, already sizeable to begin with, is being built out in planned and coordinated ways; beyond the tax and cost-of-business benefits, the bigger and deeper pattern is there for all to see.
The question is why? Well, factor in the NASDAQ possible move to Texas, and the Texas bullion depository, and it seems fairly clear that - as I blogged yesterday - long term moves are being made for an economic-financial split, if not a de jure one. This is anyone's guess, of course, and it could also be that these are moves one would make if one is also intent upon putting Texas into the globaloney camp.
I suspect, however, that the latter is not the case, for there's another factor in play in south of the border, and on into the Carribean: China. Positioning these corporations in Texas during a period in which many Americans - this author among them - question the results of the last election and its aftermath, is highly suggestive, especially as a certain amount of data this far gathered about those results suggest a heavy Chinese influence in their results. One can how imagine a Texan, like Lyndon Johnson for example - who was certainly not above stuffing a ballot box or two - might react to the Chinese being involved. The positioning seems to suggest that Texas has been selected as the base of operations for some sort of counter-China move. Again, time till tell. Oracle's heavy presence in the database cloud strongly suggests, along with the Hewlett Packard and Tesla/Musk moves, something else directed connected to the China factor: key assets are being moved away from the more easily interdictable California coasts, and into the interior of the country. Viewed that way, it's a bald and naked move of military calculation, and I would add in this regard that the raid on the Chinese consulate in Houston in recent weeks would appear to be a small component in this geopolitical and military calculus.
Of course, like everyone else these days, I'm reading tea leaves, and trying to discover deeper patterns and motivations for the breathtaking speed we see our world changing around us. All of this may just be coincidental, or nothing more than businesses looking after their bottom line, and trying to escape a state government (Nuttyfornia) intent upon killing its own economy to suit the ideological agendas of its overlords. That's a possibility.
But by parity of reasoning, those deeper patterns and possible coordination cannot be dismissed easily either.
See you on the flip side...