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The Unintended 'Economic' Consequences Of The NSA's 'Bulk' Spying

Tyler Durden's picture




 

While the so-called "bulk spying" of the NSA is major privacy issue, Mises Media's Mark Thornton explains that the unintended consequences of this surveillance invasion has real economic implications...

 

 

 

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Sat, 11/09/2013 - 20:18 | 4139395 prains
prains's picture

yeah, they need more than one shopping cart, fuckers !

Sat, 11/09/2013 - 21:41 | 4139527 johnQpublic
johnQpublic's picture

need to throw TSA into this equation too

i cant be the only one who refuses to fly because of that lunacy

and thats one trip per year to vegas at 2500 a pop that i'm not dumping into the economy

cel is gone too

and thats just to name two things

proof of where my cash that goes into the bank came from for anything over a thousand bucks equals thats gone from the banks

and the list goes on

Sun, 11/10/2013 - 09:46 | 4140140 tvdog
tvdog's picture

Had to travel from TX to IA recently. I drove. No f'ing way am I going through TSA again.

Word is the Hawaii economy is languishing because of TSA harassment. No way to get to HI without getting your balls/vagina groped.

Sun, 11/10/2013 - 10:15 | 4140191 Keyser
Keyser's picture

Refusing to fly simply due to TSA regulations borders on paranoia. Might be fine for follks that never travel more than 250 miles from home and don't have a passport, but some of us HAVE to use the system as our livelyhoods depend on it. For the decade following 9/11, I traveled on average of 260 days a year and was on & off airplanes 2 - 3 times a week. In all that time, I had 1 TSA agent perform a search which I deemed offensive. I have a far larger problem with US Customs and Immigration than I do the TSA. 

 

 

Sun, 11/10/2013 - 16:14 | 4140997 Joshua Falken
Joshua Falken's picture

I last went to the USA in 2008.  Arriving and leaving was made so unpleasant I have not felt the need to go back.  For many reasons, at the moment I have no desire the visit or do business in the US.

Asia and Latin America has better margins, more honesty, less regulations and I am made to feel welcome instead of being expected to express fawning gratitude for being allowed in the country.

 

Sun, 11/10/2013 - 22:34 | 4141875 rum_runner
rum_runner's picture

Assuming all what you wrote is true... as an American I'm sorry you had to deal with our security apparatus.  The reality is, laws, agencies, all that shit aside,  that there is a battle on for the American character.  The US is one of the only countries in the world where when you land and enter customs you are met with a guy with a gun.  What saddens me most is that the power mongering dicks, the media machine, whatever, has inhibited the left and right from finding some ground together.  By and large we could settle most differences over a beer or two.  The outer wings would cry foul but I hope most aren't too worried about it.

Sun, 11/10/2013 - 19:54 | 4141500 skipjack
skipjack's picture

Starve the beast. You are a willing slave to your masters.

Sun, 11/10/2013 - 21:29 | 4141715 klockwerks
klockwerks's picture

Public, glad to hear of others that have commited to never getting on an airline again. When they started this stupidity I said never again. Everytime I come up with these   ideas I wondered if I was the only one but then, I just pull up ZH. Not sure it has effected any of the airlines but doesn't matter, I'm done.

Mon, 11/11/2013 - 04:00 | 4142206 drunkenlout
drunkenlout's picture

Me too.  I don't allow TSA to jiggle my junk, and certainly will not pay for them to to do it (never have) .  Never have had a cell-phone.  I don't want a feared and loathed Fed.gov to follow me around, and certainly will not pay for them to to do it (never have).  If you want to see me, or talk with me, c'mon over.  Bring guns and ammo.  Either you'll be welcome, or I'll have a valid reason to shoot your ass to smithereens.  

Sat, 11/09/2013 - 23:56 | 4139681 Freddie
Freddie's picture

I would love to see the economic implications of all these Silicon Valley, Redmond and other scam tech/software companies get screwed by other companies in Europe, Australia, NZ, Russia, South America develop software, web sites, apps and other products that do not spy on people.

Sun, 11/10/2013 - 07:58 | 4140033 lewy14
lewy14's picture

Exactly.

In a way it's good, because otherwise I think Google would have eaten the planet.

Sat, 11/09/2013 - 20:24 | 4139403 Poor Grogman
Poor Grogman's picture

As soon as people know that they are being spied on their behaviour changes accordingly. Thus all benefit of spying is lost.

This is the difference between the social science of "economics" where consumers are treated as a mechanistic equation, and reality where people are alive sentient actors with biases and desires, as well as simply being rational consumers

Sat, 11/09/2013 - 20:47 | 4139442 The Alarmist
The Alarmist's picture

So I guess it is time to update the Hawthorne experiments to distinguish the qualities of the observation being studied?

Sat, 11/09/2013 - 22:58 | 4139622 putaipan
putaipan's picture

except in the case of journalism ... the #2 target of this stuff.

Sat, 11/09/2013 - 20:28 | 4139411 A Lunatic
A Lunatic's picture

It's bad for Liberty asshole. That is the issue. I have no sympathy for the mega corps that continually lobby Washington for extra rights and exclusions from the law and then whine because the playing field still isn't lopsided enough to make 98% profits. BTW I find it highly unlikely that foreign companies are not subjected to data mining by the NSA, subpoena or no.......

Sat, 11/09/2013 - 20:45 | 4139440 LetThemEatRand
LetThemEatRand's picture

This is what happens when you belong to a cult that defines everything in terms of money.  At least he's on the right side of the debate, even if his reasons are laughable.   One could probably make the argument that the NSA spying has made a lot of people rich so it's good for the economy.  Who gives a fuck. 

Sat, 11/09/2013 - 20:50 | 4139450 The Alarmist
The Alarmist's picture

This is what happens when you belong to a cult that insists that rights come from government rather than being (a) given by God, or (b) inherent in the character of man by birth.  In any case, if you look to TPTB to define your rights, then you really have none.  

Sat, 11/09/2013 - 20:57 | 4139462 LetThemEatRand
LetThemEatRand's picture

Government's proper role is to protect rights, not define them.   But sorry if you got butt hurt that I called out your false religion of money.

Sat, 11/09/2013 - 22:41 | 4139599 SWRichmond
SWRichmond's picture

Money is how people stay alive.  Is that a cult?

Sun, 11/10/2013 - 05:39 | 4139967 falak pema
falak pema's picture

the control of it is a CULT of power. Kings printed money initially; nobody else.

That's how government was exercised in every day terms.

During the Dark Ages of Christianity when Rome swam in its own decay, the Commercial republics of Venice, Genoa and Florence then replaced Kings as independent commercial states having got rich from Crusader traffic and resulting commerce; as sea faring and banking monopolies. They started to compete with Holy Emperors and Frankish Kings; whence the wars of Italy.

Money line control is a vital function of seat of power AND government, since Roman days.

Sun, 11/10/2013 - 13:24 | 4140587 Shadow750
Shadow750's picture

No.  Money is not how people stay alive.  Work and value are how they stay alive and money is just the medium of transfer.  Those who work provide the value, those on welfare get the value transferred to them one way or the other. 

Sun, 11/10/2013 - 19:12 | 4141364 TORNasunder
TORNasunder's picture

"This is what happens when you belong to a cult that defines everything in terms of money."

I interpreted his comment to mean the desire for more, bigger, better. And he is correct. The lust for 'profit' is certainly a major factor in the financial cluster f*ck that we have today.

If your driving motivation in life is to have a bigger house, nicer car, better bling... that's the BS lifestyle TPTB sold to us to make them richer. We gotta get off that treadmill.

Sun, 11/10/2013 - 09:49 | 4140148 tvdog
tvdog's picture

Use of phrase "butt hurt" = evil person.

Sat, 11/09/2013 - 21:08 | 4139474 A Lunatic
A Lunatic's picture

It seems that there are those (an overwhelming majority) who would be quite satisfied with zero Liberty as long as it was profitable. Take ObamaCare for instance..........

Sat, 11/09/2013 - 21:12 | 4139482 LetThemEatRand
LetThemEatRand's picture

Obamacare and NSA are two sides of the same control grid.  

Sat, 11/09/2013 - 20:32 | 4139418 Ralph Spoilsport
Ralph Spoilsport's picture

America is all about business, so NSA Bulk Spying is un-American because it's bad for business. So the NSA are a bunch of anti-American terrorists?

Sun, 11/10/2013 - 03:46 | 4139913 StychoKiller
StychoKiller's picture

Unless yer spying on foreign business interests, then it's good for whatever US biz you pass the secrets to...

Sat, 11/09/2013 - 20:32 | 4139422 LetThemEatRand
LetThemEatRand's picture

Why is he wearing a helmet?

Sat, 11/09/2013 - 20:35 | 4139427 Ralph Spoilsport
Ralph Spoilsport's picture

It looks injection-molded for sure.

Sat, 11/09/2013 - 21:12 | 4139478 LetThemEatRand
LetThemEatRand's picture

I suppose I shouldn't be surprised that a high priest of the Church of Mises that teaches the religion of bare knuckle capitalism for all, would have preacher hair.

Sun, 11/10/2013 - 10:29 | 4140215 Winston of Oceania
Winston of Oceania's picture

Read The Theory of Money and Credit and then try posting something worth your finger mashing, hump.

Sun, 11/10/2013 - 13:29 | 4140601 shovelhead
shovelhead's picture

So tell us how you're enjoying your state run capitalism.

Is it kinder and gentler than the "bare-knuckle" variety?

 

Sat, 11/09/2013 - 20:36 | 4139424 Waterfallsparkles
Waterfallsparkles's picture

I stopped using my Credit Cards.  Not that I have anything to hide, I just do not like to be profiled by the Government.

Plus, I would rather the Local Merchant get the 1 or 2% that the Credit Cards charge the Merchant.

Sun, 11/10/2013 - 00:08 | 4139697 steveo77
steveo77's picture

2.4%

The money shell game is disgusting

Sat, 11/09/2013 - 20:56 | 4139437 ebworthen
ebworthen's picture

O.T., but I'm watching a fascinating documentary on CNN about Stockton California.

"Morgan Spurlock - Inside Man".

Wow, Stockton is screwed, what a complete mess, a microcosm of the breakdown of American Society.

http://insideman.blogs.cnn.com/2013/07/28/inside-man-bankruptcy/

Originally aired on July 28th this Summer.

p.s. - N.S.A. spying is in direct violation of the 4th Amendment of The Constitution, that is the real issue.

Why aren't these "corporate individuals" spending their Billions taking the N.S.A. to court to defend The Constitution?

Maybe they "go along to get along" because it's profitable?

Google, Yahoo, Microsoft, AT&T, etc. (?)

Sat, 11/09/2013 - 20:56 | 4139460 disabledvet
disabledvet's picture

Welcome to "spying." (It's surveillance actually...spying implies mere voyeurism.) so sure..."empty cities USA." To create a mass of humanity you've gotta give 'em a night life. Cell phones and hackathons ain't it. Where are the crowds? Where's the "life force"? Everything has a "subtext" or "meaning" now. Talk about Party Pooperism. All psy ops and no "why?" ops. Move along...

Sun, 11/10/2013 - 09:51 | 4140151 tvdog
tvdog's picture

Why aren't these "corporate individuals" spending their Billions taking the N.S.A. to court to defend The Constitution?

The Roberts Court? The one that decided that you have to say "I am exercising my Fifth Amendment right to remain silent" in precisely those words, or you have no such right? That court?

Sun, 11/10/2013 - 09:55 | 4140159 negative rates
negative rates's picture

You can't fight a corrupt system, there are too many layers of corruption to get to the truth. Just wait for a God they don't believe in, to correct and equalize the evil from within our political system. They have uncanny timing and catch the corruption off guard every time. Unfortunately, the evil in humans is a reoccurring problem which takes much heartache and time, to get ahead of.

Sat, 11/09/2013 - 21:09 | 4139446 Atomizer
Atomizer's picture

Iranian-Dutch filmmaker Bahram Sadeghi accidentally deleted an email message and couldn't get it back, so he decided to call up an organization with a reputation for email storage: the U.S. National Security Agency.

Video: Dutch guy calls NSA customer service trying to recover a lost email

Sun, 11/10/2013 - 00:35 | 4139721 0b1knob
0b1knob's picture

You know the NSA is setting on gold mine.   Can you imagine how much they could make selling people their own emails back after computer crashes? 

Sun, 11/10/2013 - 06:15 | 4139979 Urban Redneck
Urban Redneck's picture

Don't give them any ideas, the CIA already has its non-congresscritter revenue streams, to finance operations where "oversight" is undesirable-

Sun, 11/10/2013 - 12:19 | 4140428 ExpendableOne
ExpendableOne's picture

Read "The Secret Team".  Fascinating read about how the CIA was into just about everything back in the late 60's.

Sat, 11/09/2013 - 20:48 | 4139447 ultraticum
ultraticum's picture

What about the fact that the NSA makes East Germany look like a kitten republic? 

 

WAKE THE F%$#@ UP AND QUIT TRYING SUGAR COAT IT ALREADY!!!!!!

 

 

Sun, 11/10/2013 - 01:15 | 4139771 prains
prains's picture

see post at the very top of thread but the analogy went............whiff

 

my bad, gotta talk down to 'murikans, simple like. with mono sill ables, like guns, goobs, gurbers, sorry that was 2

Sun, 11/10/2013 - 13:33 | 4140606 shovelhead
shovelhead's picture

That's OK;

Most of what you post goes -Whiff.

Keep practicing.

Sat, 11/09/2013 - 21:06 | 4139470 holdbuysell
holdbuysell's picture

I agree with this view...it will, on the margin (which is all that matters), cause a receding in business at the Googles, Microsofts, Yahoo!s, etc.

I think it's already beginning:

Google's Schmidt's recent article in the WSJ slamming the NSA was a blatant and faux 'we're not fascists' plea to the people who are quietly adopting Linux O/S, Firefox, Duck Duck Go, Ghostery, and other techniques to opt out of Google's information gathering abilities and thus bring a hammer down on their ability to print money.

While earnings are likely not an issue at this point, is this starting to hit on the margin?

Time will tell.

Sat, 11/09/2013 - 22:10 | 4139563 Cdad
Cdad's picture

I posited this notion right after the snowden news broke.  We should begin to see it in the revenues of these major corporations...and that shrinkage will likely accelerate.  I would not own shares of any of those companies...for starters.

Sat, 11/09/2013 - 23:04 | 4139629 holdbuysell
holdbuysell's picture

Chinatown et al have been paying in cash for years for the obvious reason: anonymity (of course, which then has subsequent implications).

This is simply yet another reason for the 'non-Chinatown' folk to realize that they value anonymity more than searching for the latest trash news on Miley Cyrus, Kardashians, etc.

And that means one less search, one less click...one less opportunity for monetization.

I believe this is what Schmidt sees.

Sun, 11/10/2013 - 01:30 | 4139788 Freddie
Freddie's picture

They are the ****ing Stasi!  I hope they all choke with their Silicon Valley, Stanford, pre-IPO, liberal smugness.  F them.  They are no better than General Electric or defense contractors. They have the same attitude as Goldman Sach parasites doing "God's work."  God should strike this vermin down.  F them.

I really hope more freedom minded small companies in Europe, Russia, Australia, NZ, Asia and other places destroy their businesses.  There are plenty of very good programmers in Europe, Eastern Europe, the Nordic countries, Baltic countries, Russia and othe places.

I am sick to death of Silicon Valley police state shit.  Google with General Atomics (drones) are SkyNet.

Sun, 11/10/2013 - 09:56 | 4140160 tvdog
tvdog's picture

Every government in the world, at least, ought to have abandoned Microsoft products after they helped the U.S. and Israeli governments develop viruses to attack Iranian computers. Microsoft went so far as to allow the viruses access to Windows Update servers to keep them updated.

Sat, 11/09/2013 - 21:33 | 4139516 logicalman
logicalman's picture

How does one human being claim to have power over another?

Violence, or the threat of violence, being the only guaranteed method, hence the amount of violence in the world.

Government is indistinguishable from a protection racket.

We need less of it, if any.

 

Sat, 11/09/2013 - 22:46 | 4139602 SWRichmond
SWRichmond's picture

Hence the oft-noted observation that "the violence never starts until the police show up".

Sun, 11/10/2013 - 02:00 | 4139830 el Gallinazo
el Gallinazo's picture

How does one human being claim to have power over another?

 

Actually violence is only a fall back position.  Primary power over another human being is mind control mind fuck.  Far more efficient while you can pull it off.  Reason why the Roman Empire morphed into the Roman Church.  Boy is that obvious living in Mexico.   Physical violence is economically inefficient.  As the mind fuck control breaks down due to sites like ZH and many, many others, the asswipes only recourse will be physicial violence though.

Sun, 11/10/2013 - 19:29 | 4141410 TORNasunder
TORNasunder's picture

I concur. It does seem right now they are cranking up the mind control, especially since the last election. I figure the next step is Internet censorship. TPTB are most definitely losing the infowar at this point (kudos to AJ for a most appropriate word). One blowback TPTB did not seem to anticipate is that all those freshly minted unemployed and underemployed folks have a lot of free time to actually investigate all those 'crazy' conspiracies.

Sat, 11/09/2013 - 21:48 | 4139532 q99x2
q99x2's picture

The NSA spying issue showed me just how safe the United States of America is from the bankers FEMA, DHS, TSA. They are all boondoggles that money is being thrown at by the globalist traitors in return to allow the globalists to think they are safe from the United States of America.

So for all the money the globalist traitors threw at the NSA in return for running their  takeover operations, corporate espionage, blackmailing operations and such, they got sent back a 100 years and the entire world now sees them as enemies.

Banksters are bad for business.

They are globalists. That's what globalists do.

They pay for mercenary forces and the first thing the mercenaries do is rip them off.

Fucking idiots. They can't get anything right.

Sat, 11/09/2013 - 21:59 | 4139552 wisehiney
Sat, 11/09/2013 - 22:00 | 4139554 ToNYC
ToNYC's picture

Making more Jimmy Whispers like in A Bronx Tale (1993).

Sat, 11/09/2013 - 22:03 | 4139557 wisehiney
wisehiney's picture

Hey Nsa man, tell yo ol lady to take her eyes off the merchandise.

Sun, 11/10/2013 - 01:47 | 4139813 Carl Popper
Carl Popper's picture

Fuck you keith alexander.

You look like such a douche sitting in the captain's chair at NSA headquarters.

"Sulu scan the planet please. Look for any intelligent life forms"

Sun, 11/10/2013 - 02:04 | 4139833 el Gallinazo
el Gallinazo's picture

Yeah, I would love to dump gmail as my primary email address.  My problem is finding a replacement anti-NSA secure enough to make the inconvenience worthwhile.

Sun, 11/10/2013 - 02:38 | 4139862 williambanzai7
williambanzai7's picture

Large US companies are an arm of the US government and vis-a-versa, one and the same, two sides of the same coin...yadda yadda yadda.

Accordingly, this spying is bad for business meme is a red herring.

This is the simple fact.

And let us not forget it was the spies who created the Internet and probably decided to open it up in order to create a data sieve. They and the so called privated sector have been partners since the inception of the NSA.

Sun, 11/10/2013 - 04:20 | 4139929 Apostate2
Apostate2's picture

Yes, that is so. However the tower of Babel will not hold.

Sun, 11/10/2013 - 05:29 | 4139962 falak pema
falak pema's picture
This Reagan-Era Order Lies Behind Today's NSA Spying Executive Order 12333 - Business Insider Latching on the NSA to the Internet creation during the Clinton-Gore era was as simple as outsourcing production to cowered and pliable impoverished China after fall of Berlin Wall. WHen you are on a roll you don't see the down side at all. "We tower like a colossus"... is the stuff that hubris is made of.
Sun, 11/10/2013 - 06:43 | 4139993 22winmag
22winmag's picture

"Reagan-Era" = American Nazi and JFK Assassin Bush Sr. was behind it.

Sun, 11/10/2013 - 13:40 | 4140615 shovelhead
shovelhead's picture

Falak enjoys his history so instead of 'Bush did it' It's always 'Reagan did it'.

And Maggie too.

Sun, 11/10/2013 - 07:40 | 4140017 Supernova Born
Supernova Born's picture

delete

Sun, 11/10/2013 - 07:52 | 4140028 wattsnotsaid
wattsnotsaid's picture

I'm even more concerned with the private spying companies who work for personell departments etc and deny you jobs etc based on internet spying. This should be outlawed as in the EU.

Sun, 11/10/2013 - 09:02 | 4140083 CoastalCowboy
CoastalCowboy's picture

Same here. I routed around the problem of these moronic HR drones who cannot think critically if their lives depended on it by starting my own business which I own and control 100%. HR drones tend to be the bottom of the barrel scum whose only mission is to throw sand into the gears of an organization. I also realize there are some competent HR folks who do not fit this mold.

The only thing I'm judged on is how my clients needs are being fulfilled by my services. Since they seem to keep me around and refer me to others, then I must be doing something right.

HR dominated companies are some of the worst employers on the face of the Earth. They treat everyone like kindergartners who were brought up by alcoholic parents. HR was not like this when I first began my career. Of course, back then it was called the personnel department.

Sun, 11/10/2013 - 10:12 | 4140183 tvdog
tvdog's picture

Back in the '80's, Congress made it illegal for most employers to require polygraph tests as a condition of employment. Nowadays most employers require urine samples and your Facebook account for employment. Even worse. Psych testing is coming in too.

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