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Security Expert: “Buy American Doesn’t Sell Well Anymore Because It Means Give A Copy To The NSA”
We’ve previously noted that mass surveillance is killing American tech companies.
And Cisco just blamed its earnings slump on China’s disdain for NSA spying.
Security expert Bruce Schneier succinctly summed up the destruction of the American economy by the NSA’s surveillance yesterday:
Buy American doesn’t sell well anymore because it means give a copy to the NSA.
This is part of a bigger picture … the military-industrial complex (of which the NSA is a part) is killing the private sector economy. And see this.
Bonus:
World’s Most Dangerous Mission to Start In 3 Days
Removal of Fukushima Fuel Rods Hits a Bump … BEFORE It Even Starts
And if you need 2 seconds of comic relief:
Because … Dog
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bitchez on trampolines!
Speaking of bitchez on trampolines!
Do you know what's the difference between a blonde and a trampoline?
You take your shoes off before jumping on a trampoline.
Just a bit of irony for anyone who enjoys such things ...Special Subcommittee on Invasion of Privacy (House of Representatives, 1966, p.150) stated that, "Investigation showed that persons answering written personality tests and questionnaires, both in Government and the schools, were asked intimate questions about their sex life, religious views, family relationships, personal values, and other subjects normally regarded as solely the private business of the individual."
The subcommittee report summarized its findings on privacy and government funded gathering of private information on page 152 stating that, "A government which, through overzealousness or design, uses a data center for intelligence purposes rather than statistical purposes, could enslave a people." (wish could give permalink but gives too much personal info) Title: Activities of the House Committee on Government Operations, 89th Congress, 1st and 2d Sessions, 1965-1966CRDC-Id: CMP-1966-OPH-0017CIS Number: H0950 Document Date: December 01, 1966 Committee: Committee on Government Operations. House Sudoc Number: Y4.G74/7:Ac8/3/965-66
keep down-voting me, it just shows how the baby boomer readership of Zero Hedge cannot adequately face the facts presented to them.
Maybe you are Reggie Love posting on Obama's behalf
Sniff Sniff for you with your tears
One sniff and we know a skunk is around
Maybe Reggie should check his backdoor for Obama penetration.
I bet you were down voted because you said Obama reduced the defense budget.
I believe the sequester had something to do with it.
Now I will down vote you for your baby boomer rant... are you a kiddie?
Yes sir I am
but old enough to buy beer
and hey, take a good look at what Obama has done and you will understand he's not a bad person, he's just inherited a hopeless situation.
that's a lie.
Obama didn't inherit an attack on Syria, covert & attemtped full-scale war.
Obama didn't inherit Obamacare the-economy-destroyer.
Obama didn't inherit extending new wars into Yemen, Libya and Pakistan drone-strikes.
Obama also gladly continued, rather than stopped, with extended/amplified force, all the previous mistakes of Bush, both military & economic.
That's not inheriting, that's taking full ownership.
Further, Obama + DOJ Eric Holder's actions with the Fast & Furious gun-running and the HSBC sanction-busting is TREASON.
Obama didn't inherit treason, he commited his own unique brand of it, just as Bush & Cheney did with 9/11. TREASON. As in punishable by DEATH under the law.
If you run for President you owe it to the people to be both well intentioned and competent. I can see no evidence that Obama is either well intentioned nor competent. If anyone claims he is competent then one can literally wet themselves in fear of what is to come. If anyone says he is well intentioned then they are blind. If the man were well intentioned he would not have done all of the things he's done and allowed to be done.
It's the Obamacare kegstander!
"and hey, take a good look at what Obama has done and you will understand he's not a bad person, he's just inherited a hopeless situation."
I have been looking for all the time he has been in office. He is a flim flam man.
The situation was not hopeless. The bad debts should have been cleared, which would have been painful, but the economy would be humming along now if the garbage had been cleared away. Instead FASB was told to allow banks to lie about the value of assets. Lying does not change the math.
These financial games don't fix the problem, they continue to prolong the problem. Obamacare is not helping things either, throwing monkey wrenches at businesses, as they have to Newton's law react to the actions of Obama's legacy legislation.
Manipulation of a free market never works.
Obama's a good snake oil salesman. Only problem is the townspeople that bought the tonic have finally figured out it only contains hopium.
LOL, he is dangerous and incompetent at best, and a marxist slave to the powers that be at worst.
Actually it's Mussolini who invented this Fascism Obama is following, not Marx. Not a hint of Marxism, plenty of Fascism.
What is Fascism - John T Flynn - Von Mises - youtube
http://youtu.be/4Ml7-aDXrgQ
Hit that fucking LAUNCH button again! Again! Trade you some dead ten-year-old civilians for some free healthcare. With an apology to boot.
"...and hey, take a good look at what Obama has done and you will understand he's not a bad person, he's just inherited a hopeless situation."
You may be old enough to buy beer but I'm not sure you're responsible enough to drink it. He campaigned for president twice. By virtue of that, anything he "inherited" he asked for twice and he has had five years to fix it and has only made it much worse.
So unless you think jumping from a ten trillion national debt to seventeen trillion is gonna be in the best interests of a twenty one year old like yourself going Forward! you better stick to the Kool Aid ;-)
nmewn,
An ignorant childish dipshit like that has never even looked at a best-payback-rate performance for public-debts by any western market-economy state Govt.
If he had, he would understand that for the US to pay-down even one of those $17 trillion in (officially admitted to) pubic debt trills, it would realistically take between 15 to 20 years, with a maximum and sustained national effort and political will, and without causing economic slowdowns and recessions, that kill revenue (it took Australia 11 years from 1996, to pay back just $96 billion AUD, with such a sustained national and political repay effort, and to not crash the economy, or destroy infrastructure development, while building savings and a surplus ... don't ever let those MMT and Keynesian clowns tell you that you can't cut spending and payback debt, while growing trade and developing infrastructure, and diversifying the economic base, while producing a surplus, with zero debt, because Australia did it, and had no recessions for 20 years, while doing it ... so much for the spend to stimulate baloney).
So with $17 trillion (at the least) of federal US Nat-debt, it would require only about a minimum of ~150 years of sustained maximum national effort (and this ignores the state debt servicing too, btw), and a sustained unified honest political-will to pay it back down to nothing, or there abouts.
WHILE MAINTAINING A LARGE BUDGET SURPLUS FOR 150 YEARS.
In other words; the USA can't realistically manage (or be trusted) to payback even $2 trillion of federal debt today, let alone $17 trillion. How many budget surpluses (real ones that is) has the USSA posted since WWII?
But lets presume the US got serious and decided to at least try. Then the Deficit would have to be immediately cut enough to produce at least a $100 billion USD surplus for 150 years straight, to payback the 17 trillion by then. PLUS ... you still need to find ~$500 billion a year (at least) to service the usury on the debt (thus US monetises 70% of its bonds).
Other than that it's no problem having Obama heap-up $7 trillion more in five years ... for virtually no gain.
And yet the ultra-dumbshit US mass-media and 'business' community is not calling for his and derBanke's heads, delivered in a bucket.
But our new dimwitted stumble-bum overly-drunk friend has never examined the basic realities in a spreadsheet for its rational democratic consistency. Gee, maybe we should inflate it away, as that would fix everything! That will be the next hapless nonsense proposal from the ignorant dolt.
There's america's future and standard of 'rational', right there mate, how could we possibly expect something else.
Element, that was well thought out but I don't think you got the memo. Deficits don't Matter! In fact they are good for us, resulting in the prosperous economy you see in the USA today.That could explain why the U.S. debt hasn’t been paid off since 1835. It has just continued to grow, and the economy has grown and flourished along with it.
Think of it this way, can you call a debt that is never to be paid off really a debt? It a National Monetization Account. Government bonds (or debt) are “monetized” so why should we have to pay it off? Ok, may be your not convinced, maybe we should look at how to pay this debt and close the deficit. Congress could cut the military budget -- but it probably won’t, since this option is never even discussed. It could raise taxes more on the rich, but that probably won’t happen either. A third option is to slash government services. But which services? How about social security? Do you really want to see Grandma panhandling? Congress can’t agree on a budget for good reason: there is no good place to cut.
Fortunately, there is a more satisfactory solution. We can sit back, relax, and concede that Cheney was right. Deficits aren’t necessarily a bad thing! They don’t matter, so long as they are at very low interest rates; and they can be kept at these very low rates either by maintaining credit rating or by borrowing from the Fed essentially interest-free.
And if interest rates rise? Hmmm, that a quandary I admit. How about a 17 trillion dollar coin backed by the strength of the US military? Well, I guess that means were covered on all fronts.
I think I will have now have a shot of Tequila followed by a chaser of a thick pink liquid and call it a night.
Miffed;-)
Couldn't have said it better myself Element.
We do occasionally reach out to one of these oddball young kittens someone else has raised (in our own way of course...lol) and tell them to not listen to the snakes they encounter in the tall grass, to believe and reason with, what their own eyes & brains are telling them about snakes.
But this tiger has finally run out of patience with these strange little furballs, who are continually entranced by snakes in every form, only to get bit by them again & again. They're unreachable and unteachable at the moment.
So, for myself, I have no reason on earth to rescue them one last time...now I stalk them just like the snakes do.
Maybe that'll teach em ;-)
I like your attitude dude. Best can be said is this one is trying to squeeze out an unconsolidated, er, view, of sorts (presuming it's not just an MDB acolyte) which suggests some attempt to think it through, may still exist. As long as they give their brain a fighting-chance, to actually function, they still have a shot. ;-)
I'm way past the point of wiping the drool from the corner of their mouths (young and old alike) at the societal level...really.
And I mean that.
These fuckers (rich & poor alike) have continually sucked off the productive of society (the middle class) to where they think they have made guilt or innocence obsolete words.
They presume because the tiger twitches its tail away from them, the tiger is just playing their stupid little game.
It is not...they're stupid.
well...at least they had half of it right. He's a bad person AND he inherited a hopeless situation
funny, that's no legal defense
Unlike you I did not fall for the republican deception and I am also pretty good with numbers so here it is : the debt to GDP ratio has not changed since Obama took over. This little fundamental fact which people on here seem to simply be unaware of is alright with me
you DID fall for the republican deception.
The only deception is that they are not the same as the democrats.
They have the same funders, same puppet-masters & same policies.
All else is illusion. You were fooled. Again.
The debt to GDP ratio is skyrocketing under Obama but the pace is the same as with Bush & Clinton.
damn the fact I can only downvote you once...
rationaldemocracy
You need a course on ZH History 101. I doubt that there are more than a handful of ZH'ers that see any difference between the 2 parties. Good luck running Republicans up the flag pole to see if anyone bites.
P.S. when you're getting into the big numbers (that you claim you're good at) don't forget to take your shoes and socks off.
Oh. And to George's point on the NSA. I believe that everyone's iPhone sends data back to Command Central in Beijing. Silly me.
Very easy - here is the difference between the two parties:
Democrat - the party of evil and stupid.
Republican - the party of stupid and evil.
Take your pick.
You're full of shit.
GDP in 2008 was $14.8 Trillion, 2012 $!5.4 Trillion, a 4% increase.
The debt is up 70%
Fuck off.
Making stupid statements doesn't make it so. Try educating yourself.
http://en.wikipedia.org/wiki/File:FederalDebt1940to2012.svg
.....deception? You mean the one that the deceptionist republicans use to try to deny that Obama is the Son of Bush-Cheney?
So, if he's the son of Bush-Cheney, which of the two is black?
Must be Cheney cause he's always wearing the Darth Vadar outfit.
? ... er, that's his actual face PE.
lol...debt to GDP ratio?...I thought that contrived metric had gone the way of the dodo bird.
I don't know how anyone can use GDP as a measure against the national debt with a straight face, when the G (in the calculation) of GDP is government spending. Government takes it out of the economy or borrows the G, so its double counting private sector production.
Who the hell taught you economics? They're obviously unfamiliar with Kuznets and what he said it is.
Evidently it's stuck with the Doo Doo Byrd.
Just look at select writings of this user "rationaldemocracy" since joining ZH 5 weeks ago:
"Yes I am young, Yes I am in college and Yes I am female but you yourself probably fit the usual sterotype (old, white, greedy) as well so nothing new can be learned here. I will just say that obamacare sounds right to me, it may not sound right to a small business owner but I would place the integrity of my health over the grieviances of small business owners when given that decision."
"I would trust the government over a greedy corporation with my health any day of the week. Government healthcare may not be perfect but by it's nature it is widely accesible (in most cases)...we really can only judge the efficacy of a healthcare plan by the good it does to the least priviledged in society..not by the good it does to those who can pay ahead."
"At the end of the day I want the government to actually help us because I know for certain that most people don't know what's best for them healthwise and corporations will take advantage of that."
"well perphaps the modern life produces more crazy people, none the less all the more reason to abandon the constitution of the capatilastic crapolla of a nation we have found ourselves in.Guns would be safe if you never had something I wanted because the inequality between us would not be material, do you understand what I mean?"
May I suggest to the ZH brethren that you are getting trolled by an MDB apprentice.
"I would trust the government over a greedy corporation "
Imbecile - the government is a wholly owned subsidiary of greedy corporations
Who wrote the Obamacare Laws?
a) Congress, who passed it without bothering to read any of the 2300 pages.
b) Lobbyist lawyers, hired by greedy corporations (insurance, pharmaceuticals).
Guess who.
haha ... well if it's not a troll, it's a classic example why and how a little knowledge (with absolutely zero experience, mind you!) is terminally dangerous.
Otherwise known has half-baked, half-cocked, half-assed, or just plain garden-variety foot-'n-mouth disease.
Hell, no one can be that dumb, but on second thought, there's much contrary evidence, so the idiot may actually not be a troll.
If it's a troll, it's trolling beyond its pay grade.
A couple of serious questions:
What are you studying?
How do you propose to pay off the debt?
She's probably enrolled in Womens Studies or Queer Theory.
Yes, r00t61, a definite troll, there are now quite a few on this site. Zero Hedge is high on the target list.
Heh heh... I find her/his comments to be hilarious. Trolling on a slow Saturday.
Welcome to ZH... you will help pad the comment numbers
Wow! See a pharmicist ASAP. He has a little red pill behind the counter which you may find interesting. The side effects are eye-opening.
Oh, beer is a solution.
I would rather drink organic wine and not like there is something wrong with me anyway!
Well, you're a misinformed idiot, that much is wrong.
Welcome to fight club, kiddo. You are correct, there is nothing wrong with you but your observation skills need honing. May I suggest a few books to balance out your skewed perceptions. The Creature from Jekyll Island; anything by Mises or Rothbard and do try to focus. If reading anything over 100 pages is too much of a brain bender, try watching "The hidden Secrets of Money" by Mike Maloney. There's 3 videos and you may want to consume more than one of those organic reds. Have a bucket at the ready. You'll need it.
Good luck, kid. Stick around.
There is'nt anything right about you Reggie
Like i said get to bed
Dont waste your time on us ZH'ers.
Both Debt and GDP are cooked up anyway in the White House kitchen.
( from where you are served in bed)
and hey, take a good look at what Obama has done and you will understand he's not a bad person, he's just inherited a hopeless situation.
Lulz, tell that to the droned kids. Twat.
The drone stuff, let me just say that this is the stuff that the military guys should be figuring out so I am in no position to comment on that.