Security Panel Warns: NSA playing with account balances of institutions

H

HarbingerQ

The all powerful NSA known by insiders as No Such Agency is not just watching everything and getting dirt on everyone.

But also it seems playing with account balances of institutions, organizations, banks.

Will NSA play a part in market Crash

A White House review panel report into the activities of the NSA suggested that the government was using the spy agency to launch cyber attacks against financial institutions and change the amounts held in bank accounts.

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The government’s ability to use the NSA to directly amend bank accounts increases the risk of Americans being subjected to a Cyprus-style “bail-in” where a tax on savings deposits is directly levied in the name of austerity.

Earlier this year, Chase Bank customers attempted to withdraw their cash from ATMs only to be shocked at seeing their balance reduced to zero by a mystery system “glitch”. Was this in any way connected to the NSA’s activities?

With banks increasingly moving towards capital controls in a bid to stave off the risk of a sudden flight from the US dollar, the prospect of the US government relying on cyber attacks launched by the NSA to manipulate financial markets and bank accounts remains a genuine possibility.
 
We have to make our finances hidden from the NSA and others with like capabilities. Perhaps we can invent some kind of a bitcoin exchange and trade financial instruments through it without using brokerage accounts?

The Public Sector on the one hand needs to see what we're doing so they can tax us then on the other hand they use that visibility to screw with us. Maybe they shouldn't have it both ways? If we move away from income taxation towards taxation on consumption we will be a lot better off. With consumption taxation the need to surveil our finances is greatly reduced. That would then allow us the freedom to keep our finances private.

The benefits of consumption taxation are obvious: Everybody has to pay it. Criminals would pay their taxes, the entitlement class that currently has no personal reason to want smaller government would see that government costs money every time they went through a checkout line...
"Loopholes" would be moved to an entirely different realm. Currently they are words on paper but tax avoidance with consumption taxes would be something more like black market transactions and could come with jail terms...
 
I think you are over complicating things. No one is saying criminals should not be able to launder money and so on.

The issue is NSA without court or a judge, logging into bank account and leaving a balance of $0.00.

Honest to God if they did this to me even by mistake I would become a terrorist. Why should I be a nice guy in homeless shelter after NSA robbed me of life savings.

US government better not go too far, or there will be trouble.

Quote from Fractals 'R Us:

We have to make our finances hidden from the NSA and others with like capabilities. Perhaps we can invent some kind of a bitcoin exchange and trade financial instruments through it without using brokerage accounts?

The Public Sector on the one hand needs to see what we're doing so they can tax us then on the other hand they use that visibility to screw with us. Maybe they shouldn't have it both ways? If we move away from income taxation towards taxation on consumption we will be a lot better off. With consumption taxation the need to surveil our finances is greatly reduced. That would then allow us the freedom to keep our finances private.

The benefits of consumption taxation are obvious: Everybody has to pay it. Criminals would pay their taxes, the entitlement class that currently has no personal reason to want smaller government would see that government costs money every time they went through a checkout line...
"Loopholes" would be moved to an entirely different realm. Currently they are words on paper but tax avoidance with consumption taxes would be something more like black market transactions and could come with jail terms...
More...
 
oh boy...what ET have became...what this have to do with trading or futures? go someplace else with this paranoid nonsense
 
Quote from Bob111:

oh boy...what ET have became...what this have to do with trading or futures? go someplace else with this paranoid nonsense
More...

You do realize BOB. That we are talking about White House Panel telling NSA to stop hacking into banking and other accounts.

Do you think I made this up. Or are you too scared by reality to look into it.
 
Quote from HarbingerQ:

You do realize BOB. That we are talking about White House Panel telling NSA to stop hacking into banking and other accounts.

Do you think I made this up. Or are you too scared by reality to look into it.
More...

The reality is US government got really really really shitssss scared after 911 attacks. The whole economy went into recession with roughly half trillion of loss when calculating this or that way.

All this NSA snooping is to prevent similar such mega attacks on the interests of US, West and probably the free world or what ever they want to call it.

The problem would be if NSA starts going too far and that comes to knowledge of common people...........the result would be curtailing of the freedoms and more importantly SENSE OF FREEDOM in the minds of civilians. In other words, a mild flavor of the Soviet communist society where folks did not write true feelings in letters to even closest family members or even talk freely on the phone or public.

That would kill the freedom spirit and would result in the downfall of many sorts. Hope leaders out there are wise to know where to draw the lines in the daily lives of the people. :D :cool: :p
 
Quote from toc:

The reality is US government got really really really shitssss scared after 911 attacks. The whole economy went into recession with roughly half trillion of loss when calculating this or that way.

All this NSA snooping is to prevent similar such mega attacks on the interests of US, West and probably the free world or what ever they want to call it.

The problem would be if NSA starts going too far and that comes to knowledge of common people...........the result would be curtailing of the freedoms and more importantly SENSE OF FREEDOM in the minds of civilians. In other words, a mild flavor of the Soviet communist society where folks did not write true feelings in letters to even closest family members or even talk freely on the phone or public.

That would kill the freedom spirit and would result in the downfall of many sorts. Hope leaders out there are wise to know where to draw the lines in the daily lives of the people. :D :cool: :p
More...

Yeah I used to think like that too.

But then I came across this two videos about 9/11 that tell a completely different story on what happened that day.

I believe this is called, the smoking gun.



<iframe width="420" height="315" src="//www.youtube.com/embed/tRfhUezbKLw" frameborder="0" allowfullscreen></iframe>

<iframe width="420" height="315" src="//www.youtube.com/embed/972ETepp4GI" frameborder="0" allowfullscreen></iframe>
 
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