NSA Trojan Firmware Widespread, U.S. International Tech Reputation May Suffer. Tech Privacy Has Been a Myth.Submitted by GoldCore on 02/17/2015 08:52 -0400
The global economy is thoroughly integrated and processes and knowhow are increasingly delivered on distributed architecture made up of lattices of public and private networks. This approach has wonderful benefits and can deliver scale and flexibility and speed in equal measure. But therein lies the risk, the physical spying infrastructure with engineered back doors must remain hidden in order to be effective and useful to the spies who placed them there. What the intelligence community has done has created the mother of all “single point of failures” and the potential for calamity and social disintegration is almost too great to countenance. They assume that with adequate controls these systems can be kept safe and used effectively. They said the same about nuclear procurement and weaponised viruses.
- Markets From Stocks to Debt to Euro Show Little No Panic (BBG)
- Greek Euro Exit Risk Increases as EU Delivers Ultimatum (BBG)
- Oil rises to $62, near 2015 high as Mideast risks support (Reuters)
- Texas judge blocks Obama plan to protect undocumented immigrants (Reuters)
- Oil Train Derails and Ignites Forcing West Virginia Evacuations (BBG)
- Battle rages for town where Ukraine rebels reject ceasefire (BBG)
- Chinese Firms Tiptoe Back Into Europe’s Battered Financial Sector (WSJ)
- Putin’s Paradise Becomes Economic No-Go Zone Where Cash Is King (BBG)
- Emerging fund managers stuck in buy-and-hold as trading shrivels (Reuters)
The attacks demonstrate a shocking vulnerability in the highly interconnected global banking system. The Kaspersky Lab report gives a fascinating insight into the hackers operation.
In a world in which the NSA's fingerprints are already on every form of electronic communication and information exchange, the latest revelation - conveniently presented by a Russian-based security firm - may have just implicated the US digital supespy agency in the biggest "backdoor" infiltration scandal of all time... and with it crushed the future revenue potential of countless US technology corporations.
CEO Of Rosneft Compares Oil Market Manipulation Which "Doesn't Reflect Reality" To Gold Price RiggingSubmitted by Tyler Durden on 02/16/2015 20:33 -0400
"In today’s distorted oil markets, prices do not reflect reality. They are driven instead by financial speculation, which outweighs the real-life factors of supply and demand. Financial markets tend to produce economic bubbles, and those bubbles tend to burst. Remember the dotcom bust and the subprime mortgage crisis? Furthermore, they are prone to manipulation. We have not forgotten the rigging of the Libor interest rate benchmark and the gold price."
- Igor Sechin, CEO of Rosneft
This is just the beginning of the oil crisis.
"So why do I stay? Why do any of us continue to put up with the gut-wrenching, soul-sucking, misery-drenched, demoralizing existence that is America today?"
Looking at a map of current American military engagements overseas, one cannot help but notice their wide geographical spread and their seemingly interminable nature. Battles have raged in Europe (Yugoslavia and Ukraine), in Africa, in the Middle East, and in central Asia. The American Empire has launched this country into a series of battles that have no end in sight and no location that may not become a focal point of military force. Upon close inspection, however, all of their rationales fall apart. None is satisfactory. The interventions are too widespread, too long-lasting and too unsuccessful at what they supposedly accomplish to lend support to any of the common justifications.
The world has begun to devolve into two distinct factions. The imperialist actions of the American Empire in the Middle East and Ukraine have pushed Russia, China, India, Brazil, and Iran closer together regarding trade deals; transacting commerce without using the USD; oil and gas pipelines; and military cooperation. Totalitarian regimes are known for using foreign threats to distract the populace from domestic suffering. As a matter of fact, all regimes use this tactic. When the global economy rips apart at the seams due to the debt saturation, world leaders will attempt to blame other countries for their dire circumstances. Foreign enemies are good for business. Ask our Nobel Peace Prize winning President. War is inevitable.
Just weeks after the death of Alberto Nisman - the prosecutor who was investigating Argentine President Fernandez' alleged cover-up of an Iranian bombing - it appears the discovery of an arrest warrant for the President at his home has prompted the following:
*ARGENTINA'S FERNANDEZ CHARGED IN PROBE OF ALLEGED COVER UP: TN
Given her insistence that Nisman's death was not suicide but from a faction within her (now defunct) intelligence unit, we can only imagine the level of uncertainty in the nation and the potential for social unrest (or worse) is growing rapidly as the movement supporting Nisman was already surging. Analysts warned that charging Fernandez would be "a scandal on a level previously unseen.”
The dominoes are beginning to fall. The initial spark in 2008 has triggered a series of unyielding responses by those in power, but further emergencies and unintended consequences juxtapose, connect and accelerate a chain reaction that will become uncontainable once a tipping point is reached. The fabric of society is tearing at points of extreme vulnerability, with depression, violence and war on the foreseeable horizon. Mr. President, the shadow of crisis has not passed. The looming shadow of crisis grows ever larger and darker by the day as this Crisis enters the most dangerous phase, where the existing social order will be swept away in a torrent of carnage and ferocious struggle. We are not a chosen people. We are not immune from dire outcomes.
"I’m optimistic about the future of Russia. I was optimistic before this war started in Ukraine, which was instigated by the US, of course. But in any case, I bought more Russia during the Crimea incident, and I’m looking to buy still more. Unfortunately, what’s happening is certainly not good for the United States. It’s driving Russia and Asia together, which means we’re going to suffer in the long run - the US and Europe. Another of the big four Chinese banks opened a branch in Moscow recently. The Iranians are getting closer to the Russians. People are starting to reexamine the propaganda that comes out of Washington. Even the Germans are starting to reassess the situation."
Many people ask why we can’t just cancel all debt, and start over again. To do so would probably mean canceling all bank accounts as well. Most of our current jobs would probably disappear. We would probably be without grid electricity and without oil for cars. It would be very difficult to start over from such a situation. We would truly have to start over from scratch. Those holding paper wealth can’t count on getting very much.
With a sane (and apparently honest/legitimate) government achieving election in Greece, the past six years of European “bail-out” fraud is about to be fully exposed. Indeed, the recent history of Greece, alone, is little more than a road-map of fraud, conclusively illustrated by a concise summation of events.
a) In 2009 and early 2010, the ECB “bailed-out” Greece on several occasions – and then it immediately went bankrupt, defaulting on 75% of its national debt.
"Pointing to one possible avenue of asymmetrical retaliation, the source said Moscow could give in to long-standing Chinese requests for sensitive defense technologies that would aid in its development of high-tech weapons capable of doing serious damage to U.S. naval forces in the Asia-Pacific. Moscow has so far declined China's requests on "politically correct pretenses," the source said." The punchline: "We can also encourage Iran, or even back Iran in a fight — a military operation — with Saudi Arabia, so then the prices for oil will skyrocket," the source said, explaining that these were just two possible responses."