Ripped From The Headlines, January 29, 2024
NSA Buying Your Data Without A Warrant, ECB Lenders Watching For Bank Runs, JP Morgan CEO: "Things Ain't Good" - Read, Share, & Subscribe - SherlocExposes.com
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“The National Security Agency has secretly been buying Americans’ internet records and using them for spying purposes without obtaining a warrant, a senior senator revealed Thursday.
Sen. Ron Wyden, Oregon Democrat, said the practice had been a ‘legal gray area,’ with data brokers quietly obtaining and reselling the internet ‘metadata’ without the users’ consent. He said the NSA has been trying to keep the whole thing under wraps.
In a letter to Director of National Intelligence Avril Haines, the senator said the government needs a ‘wake-up call,’ and he called for new rules limiting purchases only to data that Americans have consented to be sold.
He also asked for Ms. Haines to take an inventory of what the government already has and toss out any information that doesn’t meet the standard of consent.
‘The U.S. government should not be funding and legitimizing a shady industry whose flagrant violations of Americans’ privacy are not just unethical, but illegal,’ he said.
He released a letter from Army General Paul M. Nakasone, director of the NSA, detailing and justifying the agency’s actions.
Gen. Nakasone said it acquires what it calls ‘commercially available information’ but said the acquisitions are limited. They don’t include location data from phones ‘known to be used in the United States,’ and they don’t buy or use location data from automobiles in the U.S.”
THINGS TO PONDER:
Sounds like the “government is tracking you is a conspiracy theory!” theory isn’t a theory after all…
Sadly, it’s a fact.
The US government surveillance apparatus is not only HUGE but it’s also pointed straight at you, the average American citizen.
And now you’re finding out just how bad that is…
The sad irony here is that with all of the surveillance capabilities that the US government has, they can’t seem to head off a mass shooter at the pass but they can target you for hate speech on social media.
Makes you wonder if that wall is to keep people out, or keep us in…
Know Your Foe.
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“The European Central Bank has asked some banks to closely monitor activity on social media to detect a worsening in sentiment which could lead to a deposit run, two banking executives with knowledge of the request told Reuters.
European regulators have sharpened scrutiny of banks' liquidity after the collapse of Silicon Valley Bank and Credit Suisse in March last year, the people said, requesting anonymity because the discussions are private.
Banks can run into financial trouble if clients rush to pull deposits at the same time. In October 2022, a social media post from a journalist saying that a 'major international investment bank is on the brink', led to a run on Credit Suisse, with clients withdrawing more than 100 billion Swiss francs ($116 billion) by the end of the fourth quarter of that year.
The speed at which clients yanked deposits has triggered a debate globally on whether, under the current regulation, institutions can withstand sudden liquidity shocks, and whether new rules might be needed.
In March, the European Banking Authority, an independent European agency which carries out work in the banking and financial sector, called on relevant regulators to assess risks including social media that could ‘contribute to a deterioration in the public perception and reputation of the institution.’”
THINGS TO PONDER:
Maybe if the banks were more focused on doing things right, instead of trying to cover up their theft of people’s wealth, they wouldn’t have to worry about bank runs…
What the banks are telling you here is that you have NO RIGHT to complain or raise awareness, AND they don’t want you to know when something bad is coming… at least until they have been able to take care of themselves and screw you over.
Still think that money in the bank is yours? You should re-read your deposit agreement.
Know Your Foe.
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“The global economy is approaching the point of no return courtesy of mounting government debt, believes JPMorgan Chase CEO Jamie Dimon, and it will lead to a massive falling-out of markets and federal institutions.
Currently the American national debt stands at $34.14 trillion—about $100,000 for every person in the U.S.—with the debt ceiling currently suspended until 2025 courtesy of a deal passed in the summer of 2023.
And although some of the shorter-term economic signals are flashing green—inflation is coming down, the Fed may by eyeing rate cuts, and employment is staying stable—the boss of America's biggest bank isn't convinced there isn't a major red flag up ahead.
Speaking on a panel alongside former Speaker of the House Paul Ryan at the Bipartisan Policy Center last week, Dimon said the American government is facing a ’hockey stick’ effect when it comes to government debt.
He drew on the comparison of the 1980s for context, explaining that in 1982 unemployment was at around 10% while the stock market had sat stagnant for 15 to 20 years. Even with the Vietnam War, America's debt-to-GDP ratio was around 35%, Dimon said, whereas today it sits at 100%.
‘Back then the deficit during a recession—you do spend money in a recession—was 4% or 5%; today it's 6.5% in a boom time,’ Dimon continued.
He added: ‘If you look at that 100% debt to GDP by [2035] I think it's going to be 130%, and it's a hockey stick. That hockey stick doesn't start yet but when it starts, markets around the world…there will be a rebellion.’"
THINGS TO PONDER:
If the bomb diffuser guy is running… you should try and keep up.
While the talking heads are telling you this:
The guy controlling most of your money in the banking system is saying duck and cover…
Let’s be clear on something:
The economy is teetering… it’s not “good” or “strong…” you’re just being fed a snapshot of figures that are dressed up to look good…
Just like the “jobs numbers” that they revise down a few months after…
The sad part is that what other choice does the government have to keep you from running on banks and mass protests?
They have to lie to you… “for the greater good.”
Don’t let them fool you.
KNOW YOUR FOE.
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