In this report we will discuss the latest news on the economic collapse. The FED is not going to taper anytime soon, gold is being smacked down to unprecedented levels. The FED is the main player in the bond market and they have increased the amount of bonds they are purchasing. The rule of law is breaking down all over the country and outside the country. War drums are beating louder in the middle east. Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse
Former Reagan White House Budget Director: This Isn’t Going to End Well. The Fed Has Painted Itself Into A Corner. It’s Violated Every Rule Of Sound Money That Ever Existed. All Interest Rates Are Manipulated. The Yield Curve Is Artificial…
- Has the Federal Reserve’s ultra-easy money ZIRP policies destroyed honest market price discovery and inflated a massive asset bubble? Outspoken former Reagan White House budget director David Stockman thinks so and believes the Fed has created a massive bubble. He sounds off on the Fed and the huge financial challenges we face in the months and years ahead.
- American economy faces a long twilight of no growth, rising taxes, and brutally intensifying fiscal conflict. These are the wages of five decades of Keynesian sin – the price of abandoning financial discipline.
- Stocks have rallied hard for three days. The financial media has seen this as indicating the worst is over. But the fact of the matter is that most of this is performance gaming aided by various Fed officials issue verbal interventions yesterday.
- As I’ve noted to Private Wealth Advisory subscribers, there’s a historical pattern here: stocks tend to lead summer rallies into the Fourth of July. With that in mind, the technical pattern we noted earlier this morning remains in play with the S&P 500 rallying to retest support.
- Check what Goldman, Cramer, and the FED governors are saying.
- Obviously, trying the prop up the market before July 4th.
- Trying to inflate it so they can sell into.
- After the 4th, could be a major correction; especially since earnings reports come out in full force then.
- I expect to see ugly numbers from some influential institutions.
- Stay tuned for updates.
- Goldman Sachs Chief Executive Lloyd Blankfein said Thursday the markets’ big selloff was an overreaction to news the Federal Reserve may slow its bond purchases later this year.
- In the aftermath of the record cash crunch in the Chinese interbank market, many financial institutions in China and abroad have been hoping that the PBOC would either end its stance of aloof detachment or at least break its vow of silence and if not act then at a minimum promise good times ahead. Alas, despite repeated confusion in various press reports that it has done that, it hasn’t aside from the occasional “behind the scenes” bank bailout. And at today’s Lujiazui Financial Forum, PBOC governor Zhou Xiaochuan kept the status quo saying the central bank will adjust liquidity “at the proper time to ensure market stability.” That time, however, is not now.
Most of the students today are defaulting on their student loans and many are having a tough time paying them. The reason is because the youth unemployment is around 50%, they cannot find jobs. So increasing the interest rate will only harder to pay and we will see increase defaults on loans.
- Seven million college students will see their student loan costs double on Monday, after a group of bipartisan lawmakers failed to agree on a plan to keep interest rates down.
- The Senate adjourned for the July 4 recess on Thursday, but failed to keep interest rates on Stafford loans at the current 3.4 percent rate. The federally subsidized loans are set to expire on July 1, after which the interest rate cap will rise to 6.8 percent.
- Congress’ Joint Economic Committee estimates that the average student will be paying $2,600 more starting July 1. On a $23,000 student loan repaid over 10 years, a student would be paying about $3,000 total interest.
- “At one level it’s modest, but if you have an entry-level position or can’t find work, it starts to add up,” Terry Hartle, senior vice president of the American Council of Education, told Fox News.
- In order to keep interest rates down, lawmakers would have to extend the cap, set a new one, or find another way to keep rates low. A bipartisan group of senators introduced the “Bipartisan Student Loan Certainty Act”, which would have secured a 1.85 percent interest rate on undergraduate Stafford Loans, a 3.4 percent rate on graduate loans, and a 4.4 percent rate on PLUS loans that are issued to parents of students. But after paying little attention to the issue for the past 11 months, lawmakers failed to agree on this proposal and spent the past few weeks arguing about a solution.
Everyone started to dump the Treasury bonds after the FED announcement of tapering, so what did the FED to in stealth mode, increase the bond purchases, the bond bubble is getting bigger and bigger
- Yesterday the Fed released its latest balance sheet data: at $3,478,672,000,000, the Fed’s assets reached a new all time high of course, up $8 billion from the prior week and up $615 billion from last year – after all with 4 years almost in a row of debt monetization or maturity transformation, either the total holdings or the 10 Year equivalency of Bernanke’s hedge fund rise to new record highs week after week.
- But that’s not the bad news: the bad news, at least for Bernanke, and why the Fed has no choice but to taper is monetizations (however briefly as following the next market crash Bernanke or his replacement Larry “Mr. Burns” Summers will be right back in) is that since the Treasury is about to print less paper (recall: lower budget deficit, if only briefly), and the Fed is monetizing the same relative amount of paper, the Treasurys in the private circulation book get less and less, as more high quality collateral is withdrawn by the Fed.
- This is precisely what the Treasury Borrowing Advisory Committee warned against in May. This is also precisely why the Fed’s “data-dependent” taper announcement is pure and total hogwash: the Fed knows it can’t delay the delay (pardon the pun) of Treasury monetization as doing so only risks even further bond market volatility as less Treasury collateral remains in marketable circulation, and as liquidity evaporates with every incremental dollar purchased by the Fed instead of by the private sector.
- So just how bad is the situation? Quite bad. As as of last night, courtesy of SMRA, we know that the amount of ten-year equivalents held by the Fed increased to $1.608 trillion from $1.606 trillion in the prior week, which reduces the amount available to the private sector to $3.603 trillion from $3.636 trillion in the prior week. There were $5.211 trillion ten-year equivalents outstanding, down from $5.242 trillion in the prior week.
- After the Treasury issuance, maturing securities, rising interest rates, and Fed operations during the week, the Fed owned about 30.86% of the total outstanding ten year equivalents. This is above the 30.63% from the prior week, and the percentage of ten-year equivalents available to the private sector decreased to 69.14% from 69.37% in the prior week.
- In other words, in 1 week the Fed’s “take over” of the bond market continued at a brisk pace of 23 bps, which is its average weekly uptake. This is roughly equivalent to 10% of total private collateral moving from private to Fed hands every year!
- So basically every year that the Fed does not taper its purchases, Treasury issuance being equal (and it is declining), the Fed removes 10% of high quality collateral from the world’s biggest bond market.
- And that, in a nutshell, is what Tapering is all about: the realization, and then the fear, of what happens if and when the Fed continues its monetizations of public debt to the point where there is so little left, that when a trade takes place the entire curve moves by 1%, 2%, 5%, 10% or more….
Since North Korea is purchasing oil from Iran which by passes the US dollar the US government is trying everything they can to stop this from happening. By putting sanctions on the US government and the central bankers hope to sway North Korea to purchase oil from another country that uses the reserve currency
- The Obama administration said on Thursday it was sanctioning North Korea’s Daedong Credit Bank for its role in supporting Pyongyang’s weapons of mass destruction program.
- The U.S. Treasury said Daedong Credit Bank has been providing financial services to the Korea Mining Developing Trading Corp, or KOMID, which it said was Pyongyang’s premier arms dealer, and the Tanchon Commercial Bank, or TCB, its main financial arm.
- “Since at least 2007, Daedong Credit Bank has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and TCB,” the Treasury said. “In some cases, (it) had knowingly facilitated transactions by using deceptive financial practices.”
- The Treasury said it was also sanctioning a Daedong front company called DCB Financial Limited, that company’s representative, Kim Chol Sam, and Son Mun San, the external affairs bureau chief of North Korea’s Bureau of Atomic Energy.
- It said the front company had carried out international financial transactions as a way to avoid scrutiny by institutions trying to avoid doing business with North Korea.
- The action generally prohibits U.S. citizens from engaging in any transactions with the entities or persons targeted, and freezes any assets they might have in the United States.
- The fresh set of sanctions follows a decision by the United States in March to target North Korean’s Foreign Trade Bank, its main foreign exchange institution, to try to choke off cash to the government in Pyongyang.
- Banks in the European Union have been reluctant to do business with FTB in the wake of the U.S. sanctions, and China’s biggest foreign exchange bank, the Bank of China, closed FTB’s account.
- Treasury Under Secretary David Cohen told reporters on a conference call that he expects banks outside the United States to continue to limit or terminate their dealings with the sanctioned banks. “Being exposed to a financial institution like Daedong Credit Bank exposes those financial institutions to real risk, in particular reputational risk,” he said.
Horrific video of beheading raises questions of arms supply to Syrian rebels
Lets think about this for a minute, the revolutionary people who are suppose to be Syrian are cutting off their own people’s heads. When the founding fathers, Benjamin Franklin, Thomas Jefferson, George Washington etc where fighting against their government can you imagine them doing this to prove their point to the government. The US is now supporting this with weapons, the majority of these rebels are not Syrian and are paid mercenaries, this is why this does not look like a real revolution
President Morsi is controlled by the US Government and they are doing everything in their power to stop a real uprising of the people. Their fear is that the people of Egypt will rise up and replace the puppet government and get rid of the central banks. The US can use this to their advantage to place troops, weapons and other assets in this area to fight the eventual war.
- Tens of thousands of supporters and opponents of President Morsi join protests across Egypt with violent clashes between the rival parties reported in Alexandria, where police used tear gas as one person was killed and over 70 got injured.
- Security forces used tear gas to break up clashes between rival protesters in Alexandria, according to MENA news agency. Over 70 people were injured there. At least one person was killed by gunfire, a health official told Reuters.
- The Muslim Brotherhood’s headquarters in Alexandria were stormed by anti-Morsi demonstrators and set on fire, local media reported.
Our entire way of life is changing and most of the people don’t even see it. When people are using their Constitutional rights to protests and the government deems is necessary to spy and maybe even kill these peaceful protesters the government is walking down a dark path
- Would you be shocked to learn that the FBI apparently knew that some organization, perhaps even a law enforcement agency or private security outfit, had contingency plans to assassinate peaceful protestors in a major American city — and did nothing to intervene?
- Would you be surprised to learn that this intelligence comes not from a shadowy whistle-blower but from the FBI itself – specifically, from a document obtained from Houston FBI office last December, as part of a Freedom of Information Act (FOIA) request filed by the Washington, DC-based Partnership for Civil Justice Fund?
- To repeat: this comes from the FBI itself. The question, then, is: What did the FBI do about it?
- The Plot
- Remember the Occupy Movement? The peaceful crowds that camped out in the center of a number of cities in the fall of 2011, calling for some recognition by local, state and federal authorities that our democratic system was out of whack, controlled by corporate interests, and in need of immediate repair?
- That movement swept the US beginning in mid-September 2011. When, in early October, the movement came to Houston, Texas, law enforcement officials and the city’s banking and oil industry executives freaked out perhaps even more so than they did in some other cities. The push-back took the form of violent assaults by police on Occupy activists, federal and local surveillance of people seen as organizers, infiltration by police provocateurs—and, as crazy as it sounds, some kind of plot to assassinate the “leaders” of this non-violent and leaderless movement.
- But don’t take our word for it. Here’s what the document obtained from the Houston FBI, said:
[stextbox id=”highlight” shadow=”false”]An identified [DELETED] as of October planned to engage in sniper attacks against protestors (sic) in Houston, Texas if deemed necessary. An identified [DELETED] had received intelligence that indicated the protesters in New York and Seattle planned similar protests in Houston, Dallas, San Antonio and Austin, Texas. [DELETED] planned to gather intelligence against the leaders of the protest groups and obtain photographs, then formulate a plan to kill the leadership via suppressed sniper rifles. (Note: protests continued throughout the weekend with approximately 6000 persons in NYC. ‘Occupy Wall Street’ protests have spread to about half of all states in the US, over a dozen European and Asian cities, including protests in Cleveland (10/6-8/11) at Willard Park which was initially attended by hundreds of protesters.)[/stextbox]
- Occupiers Astounded—But Not Entirely
- Paul Kennedy, the National Lawyers Guild attorney in Houston who represented a number of Occupy Houston activists arrested during the protests, had not heard of the sniper plot, but said, “I find it hard to believe that such information would have been known to the FBI and that we would not have been told about it.” He then added darkly, “If it had been some right-wing group plotting such an action, something would have been done. But if it is something law enforcement was planning, then nothing would have been done. It might seem hard to believe that a law enforcement agency would do such a thing, but I wouldn’t put it past them.”
- He adds, “The use of the phrase ‘if deemed necessary,’ sounds like it was some kind of official organization that was doing the planning.” In other words, the “identified [DELETED” mentioned in the Houston FBI document may have been some other agency with jurisdiction in the area, which was calculatedly making plans to kill Occupy activists.
- The annual renewal of the National Defense Authorization Act (NDAA) is underway on Capitol Hill.
- On June 14, by a vote of 315-108, the House of Representatives passed the Fiscal Year 2014 version of the NDAA (HR 1960). Several amendments to the defense spending legislation were proposed, many of which were approved either by voice vote or en bloc. The first method of voting requires no report on how individual members voted, while the second method aggregates amendments, allowing them to be voted on in groups.
- A few of the amendments represent significant improvements to the NDAA of 2012 and 2013. The acts passed for those years infamously permitted the president to deploy U.S. military troops to apprehend and indefinitely detain any American he alone believed to be aiding enemies of the state.
- While the 2014 iteration doesn’t go far enough in pushing the federal beast back inside its constitutional cage, there are at least a few congressmen willing to try to crack the whip and restore constitutional separation of powers and shore up a few of the fundamental liberties suspended by the NDAA of the past two years.
- First, there is the amendment offered by Representative Trey Radel (R-Fla.). Radel’s amendment requires the Department of Defense to submit to the Congress a report every year containing: (1) the names of any U.S. citizens subject to military detention, (2) the legal justification for their continued detention, and (3) the steps the Executive Branch is taking to either provide them some judicial process, or release them. Requires that an unclassified version of the report be made available, and in addition, that the report must be made available to all members of Congress.
This is directly related to what Naomi Wolf said, point number 8 control the press.
- The US Army confirmed on Thursday that access to The Guardian newspaper’s website has been filtered and restricted for its personnel. The policy is due to classified documents described in detail in the stories.
- Gordon Van Vleet, spokesman for the Army Network Enterprise Technology Command, or NETCOM, said in an email to the Monterey Herald that the Army is filtering “some access to press coverage and online content about the NSA leaks.”
- The spokesman said the procedure was routine part of “network hygiene” measures to prevent unauthorized disclosures of sensitive information.
- “We make every effort to balance the need to preserve information access with operational security,” he wrote, “however there are strict policies and directives in place regarding protecting and handling classified information.”
- “Until declassified by appropriate officials, classified information – including material released through an unauthorized disclosure – must be treated accordingly by DoD personnel,” Van Vleet explained.
- In a later phone conversation he clarified that the filtering was “Armywide” rather than restricted to some US Army facilities.
- Van Vleet said NETCOM, which is part of the Army Cyber Command, does not determine what sites its personnel can have access to, but “relies on automated filters that restrict access based on content concerns or malware threats.”
- The Guardian’s website has posted classified information regarding the NSA’s surveillance activities, including PRISM, the massive domestic spying program that has Internet companies collude with military intelligence to keep tabs on Americans’ online habits.
- The source of the leaks is Edward Snowden, a former CIA employee and ex-staff member of a private contractor working for the NSA, who disclosed secret documents about US surveillance to several newspapers, including The Guardian.
- The Herald inquired about the issue after staff at the Presidio of Monterey, a military installation in California, told the newspaper that they were able to access The Guardian’s US site, www.guardiannews.com, but were prevented from accessing articles on the NSA that redirected to the British site.
- A Texas woman was indicted Friday on charges that she sent ricin-laced letters to President Barack Obama and New York Mayor Michael Bloomberg in an attempt to frame her estranged husband, federal prosecutors said.
- Shannon Richardson, 35, is charged with two counts of mailing a threatening communication and one count of making a threat against the president of the United States, the U.S. Attorney’s Office for the Eastern District of Texas said in a news release.
- Richardson, an actress from New Boston, Texas, was arrested June 7. She is accused of sending the threatening letters in May to Obama, Bloomberg and a third man who heads the mayor’s gun-control group. Richardson faces up to five years in prison on each of the charges.
- Richardson’s court-appointed attorney, Tonda Curry, was not immediately available for comment Friday.
- The government accused Richardson of mailing the letters and trying to pin the crime on Nathan Richardson, the man she married in 2011. He filed for divorce earlier this month. He’s told the Texarkana Gazette that he contemplated divorce last year but reconsidered when the relationship seemed to improve.
- The marriage was at least Shannon Richardson’s third, and she has five children ranging in age from 4 to 19 from other relationships, according to Nathan Richardson’s attorney, John Delk.
- A federal judge last week ordered Shannon Richardson to undergo a psychological exam. Curry had requested the exam, saying her client had displayed “a pattern of behavior” that calls into question whether she could assist in her defense.
- Authorities have determined that the ricin letters, which threatened violence against gun-control advocates, were mailed from New Boston, about 150 miles northeast of Dallas, or nearby Texarkana and postmarked in Shreveport, La.
- According to an FBI affidavit, Richardson first contacted authorities to implicate her husband in the scheme. But she failed a polygraph exam and investigators found inconsistencies in her story, the document alleges.
In the ricin-laced letter to President Obama mailed May 20, Richardson allegedly wrote, “You will have to kill me and my family before you get my guns. Anyone wants to come to my house will get shot in the face.”
Police State | DHS
The government is now building files on those people they will go after during the economic collapse. We are now living in a surveillance state. Our Constitutional rights are almost gone, your privacy is gone, many people on their lists, DHS working with Blackwater will be the force that the government uses to execute orders to round up the people on the lists.Welcome to Nazi Germany during WWII
- Judicial Watch announced today that it has obtained records from the Consumer Financial Protection Bureau (CFPB) revealing that the agency has spent millions of dollars for the warrantless collection and analysis of Americans’ financial transactions. The documents also reveal that CFPB contractors may be required to share the information with “additional government entities.”
- The records were obtained pursuant to a Freedom of Information Act (FOIA) request filed on April 24, 2013, following the April 23 Senate Banking Committee testimony of CFPB Director Richard Cordray. The documents uncovered by Judicial Watch include:
- Overlapping contracts with multiple credit reporting agencies and accounting firms to gather, store, and share credit card data as shown in the task list of a contract with Argus Information & Advisory Services LLC worth $2.9 million
- Deloitte Consulting: solicitation issue date 11/30/2011, award effective date 05/29/2012;
- Deloitte Consulting: solicitation issue date 11/30/2011, award effective date 05/29/2012;
- Argus: solicitation issue date 02/14/2012, award effective date 03/15/2012;
- Experian: solicitation issue date 07/03/2012, award effective date 09/24/2012
- An “indefinite delivery, indefinite quantity” contract with Experian worth up to $8,426,650 to track daily consumer habits of select individuals without their awareness or consent
- $4,951,333 for software and instruction paid to Deloitte Consulting LLP
- A provision stipulating that “The contractor recognizes that, in performing this requirement, the Contractor may obtain access to non-public, confidential information, Personally Identifiable Information (PII), or proprietary information.”
- A stipulation that “The Contractor may be required to share credit card data collected from the Banks with additional government entities as directed by the Contracting Officer’s Representative (COR).”
- The full extent of the CFPB personal financial data collection program is revealed in a document obtained by Judicial Watch entitled “INDEFINITE-DELIVERY INDEFINITY-QUANTITY (IDIQ) STATEMENT OF WORK.” Issued by CFPB Contracting Officer Xiaoling Ang on July 3, 2012 the IDIQ document’s stated objective: “The CFPB seeks to acquire and maintain a nationally representative panel of credit information on consumers for use in a wide range of policy research projects… The panel shall be a random sample of consumer credit files obtains from a national database of credit files.”
- To accomplish this objective, the CFPB describes the scope of the program accordingly:
- The panel shall include 5 million consumers, and joint borrowers, co-signers, and authorized users [emphasis added]. The initial panel shall contain 10 years of historical data on a quarterly basis [emphasis added]. The initial sample shall be drawn from current records and historical data appended for that sample as well as additional samples during the intervening years [emphasis added] to make the combines sample representative at each point in time.
- The CFPB data collection program has been highly controversial since the April 2013 hearing, when Cordray disclosed elements of the venture at a Senate Banking Committee hearing. At the time, the US Chamber of Commerce accused the CFPB of breaking the law by demanding the account-level data without a warrant or National Security Letter.
- “The Obama administration’s warrantless collection of the private financial information of millions of Americans is mind-blowing. Is there anything that this administration thinks it can’t do?” said Judicial Watch President Tom Fitton. “These documents show that the Consumer Financial Protection Board is an out-of-control government agency that threatens the fundamental privacy and financial security of Americans. This is every bit as serious as the controversy over the NSA’s activities.”
The government is building the case of why the internet is bad. Remember this is the only area of information they do not control and they need to control the blogger, alternative media from reporting other views of the news. So what they need to do is control the flow of information and by saying that the internet is the cause of the bombing they have started the process.
- What Dzhokhar Tsarnaev needed to learn to make explosives with a pressure cooker was at his fingertips in jihadist files on the Internet, according to a federal indictment accusing him of carrying out the bombings at the Boston Marathon that killed three people and injured dozens more.
- Investigators have been trying to determine whether Tsarnaev’s older brother, Tamerlan, who was killed while the two were on the run after the bombings, was influenced or trained by Islamic militants during a trip overseas. But the indictment released Thursday against 19-year-old Dzhokhar makes no mention of any overseas influence.
- Before the attack, according to the indictment, he downloaded the summer 2010 issue of Inspire, an online English-language magazine published by al-Qaida. The issue detailed how to make bombs from pressure cookers, explosive powder extracted from fireworks and lethal shrapnel.
- He also downloaded extremist Muslim literature, including “Defense of the Muslim Lands, the First Obligation After Imam,” which advocates “violence designed to terrorize the perceived enemies of Islam,” the indictment said. The article was written by the late Abdullah Azzam, whose legacy has inspired terrorist attacks in the Middle East.
- Another tract downloaded — titled “The Slicing Sword, Against the One Who Forms Allegiances With the Disbelievers and Takes Them as Supporters Instead of Allah, His Messenger and the Believers” — included a foreword by Anwar al-Awlaki, an American propagandist for al-Qaida who was killed in a U.S. drone strike in 2011.
- The 30-count indictment provides one of the most detailed public explanations to date of the brothers’ alleged motive — Islamic extremism — and the role the Internet may have played in influencing them.
- “Tamerlan Tsarnaev’s justice will be in the next world, but for his brother, accountability will begin right here in the district of Massachusetts,” Suffolk District Attorney Daniel Conley, whose jurisdiction includes Boston, said at a news conference with federal prosecutors on Thursday.
- The indictment contains the bombing charges, punishable by the death penalty, that were brought in April against Tsarnaev, including use of a weapon of mass destruction to kill. It also contains many new charges covering the slaying of an MIT police officer and the carjacking of a motorist during the getaway attempt that left Tamerlan Tsarnaev dead.
- U.S. Attorney Carmen Ortiz of Massachusetts said Attorney General Eric Holder will decide whether to pursue the death penalty against Tsarnaev, who will be arraigned on July 10. Three people were killed and more than 260 wounded by the two pressure-cooker bombs that went off near the finish line of the marathon on April 15.
- Dzhokhar Tsarnaev was captured four days later, hiding in a boat parked in a backyard in Watertown, Mass. According to the indictment, he scrawled messages on the inside of the vessel that said, among other things, “The U.S. Government is killing our innocent civilians,” ”I can’t stand to see such evil go unpunished,” and “We Muslims are one body, you hurt one you hurt us all.”
- The Tsarnaev brothers had roots in the turbulent Russian regions of Dagestan and Chechnya, which have become recruiting grounds for Muslim extremists. They had been living in the U.S. about a decade. There was no mention in the indictment of any larger conspiracy beyond the brothers, and no reference to any direct overseas contacts with extremists. Instead, the indictment suggests the Internet played an important role in the suspects’ radicalization.
The infrastructure is not only at risk from cyber attacks, emp blasts but from GPS disruptions. They are really building the case for a break down of the infrastructure.
- The U.S. Department of Homeland Security has released an abbreviated fact sheet and a summary report on its evaluation of the risks to U.S. critical infrastructure from GPS disruptions.
- The unsurprising “bottom line,” as the public summary put it: “U.S. critical infrastructure sectors are increasingly at risk from a growing dependency on GPS for positioning, navigation, and timing (PNT) services. Such dependencies are not always apparent.”
- The National Coordination Office for Space-Based PNT posted the documents on its website this week.
- Among the “key judgments” in the public summary:
- ―GPS is increasingly integrated into sectors’ operations because it is accurate, available, reliable, and provided at no cost to users
- ―Awareness that GPS-supported applications are integrated in sector operations is somewhat limited, prompting the idea that GPS is a largely invisible utility
- ―Interdependencies exist between critical infrastructure sectors that use GPS.
- Another conclusion: “Detecting, locating, and disabling sources of GPS disruption remain a challenge,” and remain a key, unfulfilled part of the mission that DHS was assigned more than nine years ago by a December 2004 presidential directive on U.S. Space-Based Positioning, Navigation, and Timing Policy.
- Lack of funding and political urgency for that mission are the most common reasons given for the languishing effort to develop a GPS interference detection and mitigation capability in the United States.
- Based on its investigation, the DHS assessed jamming disruptions to be more likely than spoofing incidents but said that the latter were “judged to be of higher consequence than jamming due to the potential duration of time before users or devices would detect spoofing.”
- The latest DHS assessment stemmed from a November 2010 request from the National Executive Committee (ExCom) for Space-Based PNT (a Deputy Secretary-level interagency group that oversees PNT policy management) for a comprehensive risk assessment of the GPS signal. The DHS’s National Protection and Programs Directorate, Office of Infrastructure Protection, Homeland Infrastructure Threat and Risk Analysis Center (NPPD/IP/HITRAC) led the effort and coordinated the development of the “national risk estimate” (NRE) with the ExCom.
- A “For Official Use Only” (FOFU) document, the NRE was released in November 2012 to “certain individuals who hold the proper clearance and access approval for the information.” It likely will play a role in a new White House effort reported by Inside GNSS last month to protect national critical infrastructure in which GPS is characterized as a “cross sector dependency” — that is, something essential to many, if not all, sectors of the critical infrastructure.
- The NRE examined four critical infrastructure sectors (communications, emergency services, energy, and transportation systems) that derive PNT information from GPS to fulfill their missions. The FOFU document itself includes a classified annex that the DHS Office of Intelligence and Analysis produced “to assess availability of GPS jammers and threat actors’ capability and intent to disrupt GPS signals generally and for the four sectors.”
Very interesting that they switched the drill to July 18th. All other articles point to Friday June 28th. Seems like something is up. Changing the date at the last minute very suspicious. The date has been changed according to SIFMA
- Concerned that Wall Street is a likely target for a large-scale cyber-attack, the industry is set to drill its firms to determine its chances of preventing a devastating stock market crash.
- Participants are not being informed ahead of time what the exercise will entail—giving current security systems among firms and the government a full test.
- The training scenario, called Quantum Dawn 2, is coordinated by the Securities Industry and Financial Markets Association (SIFMA), a trade group representing the securities firms, banks, and asset managers. The drill will be conducted on July 18.
- According to Doug Johnson, vice president of risk management policy at American Bankers Association, who was part of the planning for Quantum Dawn 2, while the government is an active partner in the exercise, “What Quantum Dawn represents is us taking the lead.”
- The financial sector is part of the nation’s critical infrastructures necessary for keeping the nation running, and therefore key targets for terrorist or military attacks. These include financial institutions, the energy grid, and transportation networks. The training scenario will test whether firms will effectively communicate crucial information about an attack in time to prevent significant damage.
- The focus of the exercise is emblematic of the new threats facing businesses today. Just two years ago, the first Quantum Dawn simulated a more conventional attack on the financial sector—a group of armed militants attacking Wall Street with bombs and automatic weapons—similar to the 2008 attacks in Mumbai, India.
- Participants included New York Stock Exchange, NASDAQ, JP Morgan Chase, Federal Reserve, the U.S. Treasury, the Department of Homeland Security, Goldman Sachs, Citigroup, and others.
- The upcoming real-time drill will require firms to work together with the government while trying to prevent a simulated stock market from crashing. It will take place solely on computer screens.
- Press TV has conducted an interview with Kamel Wazne, political commentator, about the former second ranking officer in the US military being probed for allegedly revealing details of the Stuxnet computer virus, which targeted Iran’s nuclear energy facilities. What follows is an approximate transcription of the interview.
- Press TV: Mr. Wazne, first let address the issue of Stuxnet before we go to the revelations and what has that come up to. Do you think that this kind of cyber warfare that now the United States has admitted and actually carried out, can be in any way justified according to international law?
- Wazne: Well obviously the United States launch every attack that can be against the Islamic Republic whether it’s for military implication or for media implication or for all kind of attacks that come or can be able to launch against the Iranian [Islamic] Republic, the United States is doing it.
- But here it has more meaning because they come at the nuclear facility, the peaceful nuclear facility and this is a clear indication of the involvement of the United States on behalf of the Israelis to actually go after the facility commercial issues, of nature.
- It is a peaceful commercial interest of the Iranian people and I guess by launching this investigation it tells in detail how the United States is involved by this new war called cyber attacks and this has opened the gateway for everybody to be engaged in this cyber war and the United States should be the first one to abide by allowing this free cyber place from any attack to that end.
- Press TV: And we know Mr. Wazne that the United States has been speaking a lot against China and it has accused China of launching cyber attacks on its intelligence facilities, etc. but it is now clear that it’s on the same with Iran. So a lot of controversy again on its stance on this but also a lot of people have been saying whether we should consider these people who reveal these kinds of programs as traitors or as people who are sincerely concerned about these issues and want to reveal it to the world?
- Wazne: Well obviously you hit the point because this is what the latest discussion that took place between the President of the United States and the President of China because there is a mutual accusation between the United States and China by using this cyberwar attack and this is probably, going to be the war to come.
- I think the United States is using it heavily around the globe attacking everybody who the United States think they are enemies and they are using it as they use the drone war attacking people on the ground.
- Here they are attacking the interest of other people in cyber space and I think the United States speaks in one tone and act in another way and this jeopardizes the whole agreement to have an internet free from any attack and I do not think the United States is abiding by that and this is a danger threat to the world stability because this is where most of the commerce take place.
- Here we can have by cyber attack actually trying to destroy certain facility or circumvent others and this is I think it is a wake up call for the world not to allow this kind of attack on other countries because by doing that it is attacking the sovereignty of another nation.
This seems like it would be another false flag event for the summer if all else fails. If Zimmerman is released and found innocent the riots like we saw during Rodney King might happen and the government can push this agenda into every city. Once all cities are rioting they could declare martial law.
- Yes, the George Zimmerman trial here has thousands of African-Americans getting ready for some serious bloodletting.
- I don’t want to make idle and dire predictions but this nation has never been so divided and racially sensitive. Or African-American President took sides on this case at the very beginning. That ratified a George Zimmerman guilty verdict in the minds of millions.
- There’s just one little problem, and that is the murder case should have never been filed. It was filed purely for political reasons despite the fact that it was a simple justifiable homicide.
- Zimmerman was the block watch lookout program and followed a suspicious Trayvon Martin after he used an improper entrance to a gated community. Zimmerman was acting at the eyes and ears of the Sanford Police Department. Martin did not like being followed and knew that he could easily beat up the out-of-shape Zimmerman and did so.
- The force was unequal and Zimmerman was getting his head pounded on the concrete sidewalk. Zimmerman was fighting for his life when he removed his Kel-Tec pistol and put a round into Martin’s chest.
- The Sanford Police Department investigated the shooting and had no probable cause to arrest Zimmerman who regrettably cooperated with them fully. They made no arrest.
- The Leftist gun rights hating media and African-American agitators could not wait to exploit this sad story. They used angelic pictures of Martin from his childhood and even broadcast doctored 911 tapes to make Zimmerman appear racist.
- The propaganda fairy tale was so simple. An unarmed youngster was merely skipping along in an apartment complex carrying tea and candy. The lad was suddenly murdered by an armed monster stalking him because of his skin color.
- It was the Seminole County Prosecutor that buckled under the political pressure and brought forward a wrongful prosecution feeding the propaganda. The case is now on trial and is set to end at the hottest point in our summer season.
- The family produced a “star” witness, Rachel Jeantel who was on the phone with Martin at the time of the attack and subsequent shooting. Jeantel is a very slow-witted girl that was schooled by the Martin family and possibly their civil lawyer on what she should tell authorities.
- The family and prosecutors soon claimed that Jeantel “Connected all the dots to this vicious racially motivated murder.” Unfortunately for Jeantel the dots all scattered everywhere today in court.
- Jeantel tried her best to pull off the charade but could not keep her lies straight from one moment to the next. Today she had a very painful afternoon on the witness stand not only admitting lies, but she got caught red-handed in a perjury trap. They are far from being through with her yet!
- The media and prosecutors claimed that Zimmerman was a ruthless vigilante that was racially profiling and stalking African-Americans to kill. They redundantly said he violated orders from the Sanford Police Department employees.
A Country Founded by Geniuses but Run by Idiots by Jeff Foxworthy:
If you can get arrested for hunting or fishing without a license, but not for entering and remaining in the country illegally — you might live in a nation that was founded by geniuses but is run by idiots.
If you have to get your parents’ permission to go on a field trip or to take an aspirin in school, but not to get an abortion — you might live in a nation that was founded by geniuses but is run by idiots.
If you MUST show your identification to board an airplane, cash a check, buy liquor, or check out a library book and rent a video, but not to vote for who runs the government — you might live in a nation that was founded by geniuses but is run by idiots.
If the government wants to prevent stable, law-abiding citizens from owning gun magazines that hold more than ten rounds, but gives twenty F-16 fighter jets to the crazy new leaders in Egypt — you might live in a nation that was founded by geniuses but is run by idiots.
If, in the nation’s largest city, you can buy two 16-ounce sodas, but not one 24-ounce soda, because 24-ounces of a sugary drink might make you fat — you might live in a nation that was founded by geniuses but is run by idiots.
If an 80-year-old woman or a three-year-old girl who is confined to a wheelchair can be strip-searched by the TSA at the airport, but a woman in a burka or a hijab is only subject to having her neck and head searched — you might live in a nation that was founded by geniuses but is run by idiots.
If your government believes that the best way to eradicate trillions of dollars of debt is to spend trillions more — you might live in a nation that was founded by geniuses but is run by idiots.
If a seven-year-old boy can be thrown out of school for saying his teacher is “cute,” but hosting a sexual exploration or diversity class in grade school is perfectly acceptable — you might live in a nation that was founded by geniuses but is run by idiots.
If hard work and success are met with higher taxes and more government regulation and intrusion, while not working is rewarded with Food Stamps, WIC checks, Medicaid benefits, subsidized housing, and free cell phones — you might live in a nation that was founded by geniuses but is run by idiots.
If the government’s plan for getting people back to work is to provide incentives for not working, by granting 99 weeks of unemployment checks, without any requirement to prove that gainful employment was diligently sought, but couldn’t be found — you might live in a nation that was founded by geniuses but is run by idiots.
If you pay your mortgage faithfully, denying yourself the newest big-screen TV, while your neighbor buys iPhones, time shares, a wall-sized do-it-all plasma screen TV and new cars, and the government forgives his debt when he defaults on his mortgage — you might live in a nation that was founded by geniuses but is run by idiots.
If being stripped of your Constitutional right to defend yourself makes you more “safe” according to the government — you might live in a nation that was founded by geniuses but is run by idiots. What a country! How about we give God a reason to continue blessing America!