In this report we will discuss the latest news on the economic collapse. During an economic collapse the reality of what is going on in the markets, with government and all around the world does not feel real. Everything seems controlled and manipulated. More taxes, laws and rights are being taken away everyday and the financial outlook it bleak. Japan is just about to collapse and this will spread west through Europe and then finally in America.
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
Nikkei is down 513 points this morning, Europe markets are down, this will be interesting when the American markets open. I will roll the dice and say that the markets will start down and then be pumped back up by late afternoon by the plunge protection team and the high frequency traders.
- Despite a pre-open dump in JPY to try and spark some momentum, things are not going according to Abe’s wealth-creation plan in Japan right now. The Nikkei 225 is down over 300 points (over 16% from its highs a week ago) and the broader-based TOPIX is down over 2.1% from Friday’s close (down 14% from its highs). Topix Bank and Real Estates indices continue to suffer from high-beta-itis (-3%) but the Oil & Gas sector is now being dragged into the mess too (-3.2%). JGBs are rallying only modestly (yields lower by 1-2bps) in light of this decent selloff in stocks. JPY is now at its highs of the day testing 100.4 and JGB implied volatility is on the rise once again. All things considered… not good.
- The broader TOPIX index is down over 14% fropm its recent highs led by Banks and Real Estate (and Oil & Gas today)…
So this is what a recovery looks like
- In April a further 95,000 people across the eurozone lost their jobs, says Eurostat. This marked another all-time high unemployment rate, with the total of 19.38mn people now out of work.
- April’s seasonally adjusted unemployment rate stood at 12.2%, up from 12.1%in the previous month, according to the European Commission’s statistics office.
- Southern states like Greece, Spain and Portugal performed the worst. One in four people in Greece and Spain are now jobless, as the unemployment rate there stands at about 27%.
- The lowest unemployment rate is in Austria at 4.9%.
- Youth unemployment remains a special problem, as 3.6 million people under the age of 25 are out of work across the 17 eurozone nations. In relative terms, youth unemployment reached a sky-high 24.4% in April.In Italy alone 40.5% of young people are unemployed.
- “We have to deal with the social crisis, which is expressed particularly in spreading youth unemployment, and place it at the centre of political action,” the BBC quotes Italy’s President Giorgio Napolitano.
- In April, the number of people losing their jobs in the countries using the single currency has increased for the 24th consecutive month. In the meantime, the jobless figure for all 27 members of the European Union remains at 11%.
Many other countries will probably join the ban and this will hurt the American economy. Will this be the trigger along with Japan that causes the accelerated economic collapse.
- News about the GMO contamination of U.S. wheat crops seems to be spreading faster than the GMOs themselves. On Friday, South Korea joined Japan in announcing a halt on imports of U.S. wheat due to the USDA’s recent announcement that commercial wheat grown in the USA is contaminated with Monsanto’s genetically engineered wheat.
- Some Americans may still not realize this, but GMOs are outlawed or shunned nearly everywhere around the world. Only in the USA have GMOs managed to avoid being labeled or outlawed — and that’s primarily due to Monsanto’s financial influence over lawmakers.
- Monsanto shares plummeted 4 percent on Friday following the announcement by South Korea. This is completely in line with predictions made here at Natural News, where I said earlier in the week, before Japan and South Korea announced their wheat boycotts:
- All wheat produced in the United States will now be heavily scrutinized — and possibly even rejected — by other nations that traditionally import U.S. wheat. This obviously has enormous economic implications for U.S. farmers and agriculture.
- How much of the U.S. wheat supply is now contaminated with GMOs?
- “…the mysterious appearance of the Monsanto wheat has raised questions about how the strain traveled there and whether it is lurking in the commercial wheat crop,” reports the Washington Post.
- WashPo goes on to report that Monsanto, “is still testing strains of gene-altered wheat in Hawaii and North Dakota.”
- In truth, nobody knows how much of the wheat is contaminated. Every more shockingly, food companies don’t bother testing wheat for GMOs, either!
- Until now, that is. All of a sudden, food importers all around the world are wondering whether they are inadvertently buying U.S. wheat that’s contaminated with GMOs. Consumers, too, are asking the question, “Have I been eating GMO wheat without even knowing it?” These Monsanto wheat experiments, after all, have been taking place since 1998.
- Is Monsanto lurking in your Wheaties?
- U.S. farmers suddenly seeing the economic damage that Monsanto can do
- This is no time to be complacent. Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine. In fact, a whole bunch of recent polls and surveys show that the American people are starting to feel much better about how the U.S. economy is performing. Unfortunately, the false prosperity that we are currently enjoying is not going to last much longer. Just look at what is happening in Europe.
- The eurozone is now in the midst of the longest recession that it has ever experienced. Just look at what is happening over in Asia. Economic growth in India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control. One of the only places on the entire planet where serious economic problems have not already erupted is in the United States, and that is only because we have “kicked the can down the road” by recklessly printing money and by borrowing money at an unprecedented rate. Unfortunately, the “sugar high” produced by those foolish measures is starting to wear off. We are going to experience a massive amount of economic pain along with the rest of the world – it is just a matter of time.
- #1 The eurozone is now in the midst of its longest recession ever. Economic activity in the eurozone has declined for six quarters in a row.
- #2 Italy’s economy has now been contracting for seven quarters in a row.
- #3 Industrial production in Italy has fallen for 15 months in a row. It has now fallen to its lowest level in about 25 years.
- #4 The number of people that are considered to be “seriously deprived” in Italy has doubled over the past two years.
- #5 Consumer confidence in France has just hit a new all-time low.
- #6 The number of unemployed workers seeking a job in France has hit a brand new all-time record high. Many unemployed workers in France are utterly frustrated at this point…
- “I’ve sent CVs everywhere, I come to the unemployment agency every day, for 3 or 4 hours to look for work as a truck driver and there’s never anything,” said 42-year old Djamel Sami, who has been unemployed for a year, leaving a job agency in Paris.
- #7 Unemployment in the eurozone as a whole has just hit a brand new all-time record high of 12.2 percent.
- #8 Youth unemployment continues to soar to unprecedented heights in Europe. The following is from an article that was recently posted on the website of the Guardian that detailed how bad things are getting in some of the worst countries…
- In Greece, 62.5% of young people are out of work, in Spain it’s 56.4%, then Portugal with 42.5%, and then Italy with 40.5%.
- #9 Youth unemployment is being partially blamed for the worst rioting that Sweden has seen in many years. The following is how the Daily Mail described the riots…
- Sweden is reeling after a third night of rioting in largely run-down immigrant areas of the capital Stockholm.
- In the last 48 hours violence has spread to at least ten suburbs with mobs of youths torching hundreds of cars and clashing with police.
- It is Sweden’s worst disorder in years and has shocked the country and provoked a debate on how Sweden is coping with youth unemployment and an influx of immigrants.
- #10 An astounding 10 percent of all banking deposits were pulled out of banks in Cyprus during the month of April alone.
- #11 Economic growth in India is the slowest that it has been in an entire decade.
- #12 Suddenly Australia is experiencing some tremendous economic challenges. The following quotes are from a recent Zero Hedge article…
- -“We’re seeing a much sharper contraction in the Australian economy than we’d anticipated four or five months ago”. Coffey MD, John Douglas. The engineering group has seen its shares, which traded above $4 in 2007, hit 10c last week.
- -“By 10am, the Fitness First gym in the city is packed full of brokers who’ve had a gutful of sitting at their desk doing nothing – salary cuts are starting and next it will be jobs” Perth broker
- -“Oh mate, the funding market is dead. You are now seeing a few deeply discounted rights issues for those that are reaching desperate levels ….. liquidity has completely disappeared” Perth broker
- #13 The financial system in Japan is beginning to spin wildly out of control. The Japanese stock market has now declined about 15 percent from the peak, and many believe that the yen will continue to get weaker and that interest rates in Japan will start to rise significantly.
- #14 Global cash flow is declining at a rate not seen since the last recession. This indicates that we could be headed for a global credit crunch.
- #15 Real wages continue to decline in the United States. Even though we are being told that the U.S. is experiencing an “economy recovery”, real weekly earnings have declined from $297.79 in 2010 to $295.49 in 2011 to $294.83 in 2012. (The preceding calculation is based on 1982-1984 dollars)
- #16 Wall Street is buzzing about the fact that “the Hindenburg Omen” appeared at the end of last week. So exactly what is “the Hindenburg Omen”? The following are the criteria that are used to determine whether it has appeared or not…
- 1. The daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.
- 2. The smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.
- 3. That the NYSE 10 Week moving average is rising.
- 4. That the McClellan Oscillator ( a market breadth indicator used to evaluate the rate of money entering or leaving the market and interpretively indicate overbought or oversold conditions of the market)is negative on that same day.
- 5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs).
- When the Hindenburg Omen makes an appearance, it supposedly means that the U.S. stock market is likely to experience a serious decline within the next 40 days.
- #17 As I wrote about the other day, the SentimenTrader Smart/Dumb Money Index is now the lowest that it has been in more than two years. That means that lots of “smart money” has been getting out of the market and lots of “dumb money” has been pouring in.
- #18 Margin debt on the New York Stock Exchange has set a new all-time high. The following is from a recent Market Oracle article…
- Margin debt—that’s the amount of money borrowed to purchase stocks—on the New York Stock Exchange (NYSE) reached its all-time high in April. Margin debt on the NYSE registered at $384.3 billion as the key stock indices hit new record-highs. (Source: New York Stock Exchange web site, last accessed May 29, 2013.) The highest margin debt ever reached prior to this was in July of 2007, when it stood just above $381.0 billion. At that time, just like today, the key stock indices were near their peaks and “buy now before it’s too late” was the prominent theme of the day
Provoking any country they can to get the war started. What would happen if 5 North Korean military aircraft violated American airspace?
- Five Israeli aircraft have penetrated the Lebanese airspace and flown over several areas of Lebanon in blatant violation of a UN Security Council resolution.
- An Israeli drone entered the airspace over the southern village of al-Naqoura, situated 91 kilometers (57 miles) south of the Lebanese capital, Beirut, at 6:45 a.m. local time (0345 GMT) on Sunday, according to a statement issued by the Lebanese military.
- The remote-controlled aircraft carried out surveillance flights over several areas in southern Lebanon, including the towns of Riyaq, Baalbek and Zahleh, before it left Lebanon’s airspace at 2:40 p.m. local time (1140 GMT) while flying over the town of Alma al-Shaab.
- Four Israeli warplanes also crossed into Lebanon’s airspace over the southern border village of Kfar Kila, located 96 kilometers (59 miles) south of Beirut, at 9:20 a.m. local time (0620 GMT) on Sunday.
- The warplanes flew over several areas in Lebanon before leaving the airspace at 11:00 a.m. local time (0800 GMT) while flying over Alma al-Shaab.
- The Israeli regime violates Lebanon’s airspace on an almost daily basis, claiming the flights serve surveillance purposes.
- Lebanon’s government, the Hezbollah resistance movement, and the UN Interim Force in Lebanon, known as UNIFIL, have repeatedly condemned the overflights, saying they are in clear violation of UN Resolution 1701 and the country’s sovereignty.
Just a couple of weeks ago Israel put out a statement “General: Israel Prepared to Attack Syria If Assad Falls“. How interesting
- Militants planned to use the mobile anti-aircraft systems they had received from Qatar for hitting Assad’s plane with the help of a surface –to- air missile on its way to Latakia Airport, the Addiyar Newspaper says.
- It turned out that 2 technical workers from the Mezza military airfield near Damascus from where the airliner of the Syrian President was due to take off were involved in the above-mentioned plot. According to the Lebanese newspaper, among the master minders of an attack on the airliner of the Syrian President were the militants of the radical Islamist group Jebhat al-Nusra and the Syrian anti-aircraft gunners who deserted from the Syrian army and whom radical Islamists attracted to their side. The firing should have started after Assad’s plane’s going down to the height of 50 metres.
- The information to the effect that Syrian President Bashar al-Assad has started to spend his days off on the beach came in from sources in Latakia, where the other participants of the plot were operating. The airliner of the Syrian President took off as was planned but immediately landed, the Lebanese newspaper said. The whole group consisting of 3 persons was spotted and immediately neutralized.
- The Addiyar Newspaper believes that the Qatari and Turkish special services are behind the planned assassination attempt against the Syrian President. “Failing to win a military and diplomatic victory over Assad, official Doha and official Ankara decided to physically eliminate him”, the Lebanese newspaper says.
- Neither the official sources in Damascus nor government media have given their commentaries yet over the information published by the Addiyar Newspaper.
All of these gun control laws are null and void according to the second amendment. The central bankers and government are not going to let this go so they are preparing the next false flag which will let them pass the gun control bill and UN arms treaty that pending in the senate, get ready because it is coming
- Efforts at the national and state level to pass new gun-control laws have stirred up an unintended backlash – local officials who are not only rejecting the new legislation, but actively “nullifying” gun-control laws already in place.
- Police Chief Mark Kessler of Gilberton Burough, Pa., is among more than 200 law enforcement officers, state lawmakers, county officials and concerned citizens who gathered Friday at the annual convention of the Constitutional Sheriffs and Peace Officers Association, or CSPOA, in St. Charles, Mo.
- Among the hot topics at the conference: examples of local and county officials who have declared gun-control laws already on the books null and void in their communities.
- On Jan. 3 of this year, Kessler drafted a “Second Amendment Protection Resolution” for his little town of roughly 800 residents, which, when passed by city officials a few weeks later, Kessler told the conference, “nullified every single gun-control law in the nation.”
- “I have a very unique view,” Kessler said. “If you want to own a firearm, carry a gun under your jacket or over your jacket, the Second Amendment is your concealed carry permit, period. … It has nothing to do with self-defense; it has to do with [freedom from] tyranny.”
- Kessler told the conference, “Nullification is the key. We just have to tell them, ‘That’s it.’ I drew my line in the sand back on Jan. 3. … One person can make a difference; you just need to do something about it.”
- But apparently, Kessler is not alone.
- Michael Peroutka of the Institute for the Constitution, an attorney and former Constitution Party candidate for president, also told the conference about Carroll County, Md., which on May 22 adopted a resolution declaring it a “Second Amendment sanctuary county.”
- The Justice Department may soon be forced to reveal a classified document that details unconstitutional surveillance of American citizens. The Justice Department has fought to keep the document secret for about a year, but a recent court order demands that they respond to a formal request filed by the Electronic Frontier Foundation by next week, June 7, 2013.
- This document was first revealed last July by Sen. Ron Wyden, D-Ore., to call attention to an expansion of the Foreign Intelligence Surveillance Act in 2008 — which then-Sen. Barack Obama voted for . According to Wyden, the Foreign Intelligence Surveillance Court ruled that the government violated the Fourth Amendment. The FISC mostly operates in secret, so the actual court decision remained classified. Wyden was only able to say the FISC decision existed; he was unable to disclose any details about the actual surveillance techniques that were deemed unconstitutional or how many Americans they affected.
- The EFF took legal action to learn more about the FISC decision. An initial victory in a district court established in the public record that the Justice Department does possess an 86-page FISC decision on unconstitutional surveillance methods that was published Oct. 3, 2011. The decision found that some techniques were “unreasonable under the Fourth Amendment,” and that the court concluded that “on at least one occasion,” the Justice Department “circumvented the spirit of the law.”
- New technologies have made it easier for the Justice Department to spy on Americans, but others have fought back recently. Google has publicly fought against National Security Letters requesting user data, and more recently, a judge rejected and exposed an FBI proposal to use malware to turn a personal computer into a surveillance device.
DHS is not to protect the American people from terrorists, they are to control the American people before, during and after the collapse. They are put into place to spy and place individuals into groups that might be threat, to confiscate guns and keep an eye on everyone. If you look at their terrorist threat system it always says there are no current alerts – take a look
- Following the terrorist attacks of September 11, 2001 Congress passed legislation that created the Department of Homeland Security (DHS). Its mission was simple to protect the United States from any future terrorist attacks.
- It now employs over 240,000 people to carry out five core security missions. Number one is to prevent terrorism and enhance security. This is closely followed by managing US borders and administering immigration law to safeguarding cyberspace and ensuring resilience to natural disasters.
- The Department of Homeland Security has become the third largest Federal department bringing together 22 different Federal agencies and has a huge billion dollar budget.
- Recent events have cast shadows over the Department of Homeland Security and suggest that the third largest Federal department is not fit for purpose. One large shadow over the DHS is the damning report issued by Senator Tom Coburn in December 2012 Safety At Any Price: Assessing the Impact of Homeland Security Spending in US Cities. Dr. Coburn conducted a year-long investigation into how the DHS spends its billion dollar budget. It is a devastating indictment of the organization’s leadership.
- The 55-page report issued by Senator Coburn goes into forensic detail of how the DHS has spent over $35 billion of taxpayers’ money over the last ten years. His report pulls no punches. In his introduction Senator Coburn informs the tax payer:
- The spending spree has led many cities to purchase military assets often used in war zones such as unmanned aerial drones and armored cars. When officials in Carlsbad, California proposed buying a BearCat armored car one resident observed:
- What we’re really talking about here is a tank, and if we’re at the point where every small community needs a tank for protection, we’re in a lot more trouble as a state than I thought.
- Little concrete evidence exists to support such claims …Ten years and billions of dollars since the September 11th attacks, many are asking is the nation safer and better prepared and if not, how much more money is needed to be adequately prepared. Instinctively, FEMA and its advocates declare that the nation is safer because of all the spending. The primary premise of providing grant dollars is to invest in security measures that reduce risk and stem the resulting losses from a potential attack. Yet, FEMA cannot demonstrate how UASI dollars (or for that matter, any other homeland security grant dollars) have helped to buy-down risk and enhance the nation’s ability to prevent, respond to, or recover from man made attacks or natural disasters.
- You can thank the Electronic Privacy Information Center for forcing the Department of Homeland Security to release its list of “keywords” that are used to by its agents to monitor you on Twitter, Facebook and other social networking sites.
- The list, including phrases, reveals which words you probably want to avoid or else risk being flagged and eyeballed as a possible terrorist or someone who is otherwise posing threats to the United States. Words included such innocuous terms as: “Militia,” “exercise,” “cops,” “national security” and “facility.” Interestingly and of note, “jihad” was not included, nor were the words “Middle East,” “Arab,” “Muslim,” “terrorist” or “pressure cooker.” Perhaps those are on a different DHS red flag list?
- The Electronic Privacy Information Center sued to obtain the list, but not before it had filed a Freedom of Information Act request for the documents contained within DHS’ 2011 ‘Analyst’s Desktop Binder,’ which, according to a Forbes report, is “used by workers at their National Operations Center, which instructs workers to identify ‘media reports that reflect adversely on DHS and response activities.’”
- Meanwhile, Sen. Rand Paul, R-Ky., in Silicon Valley to meet with Google, eBay and Facebook representatives last week, made his views known on civil liberties, technology and privacy, telling them, “Due process is not someone who’s an elected politician deciding whether [Americans] should die or not.”
- Ironically, Al Qaeda’s newest war tactic now includes social media. Call it “digital jihad,” but again, I’m not finding that phrase on the DHS list. Why is that?
So the CIA created and controlled Al Qaeda is telling the American people that they are going to create another false flag event since the Boston Bombing event went really bad and did nothing to stop gun owners or bring us into war. So they are going to try again, the government and central bankers are setting up another false flag event to get the war started to cover up the economic collapse. Remember we have potential events coming up, look at the side bar of X22 Report and see all the potential false flag events.
- The military leader of al-Qaida’s Yemeni branch says Americans will not be safe unless their leaders respect the security of other nations and do not attack or oppress them.
- In a message addressed “to the American nation,” Qassim al-Rimi, commander of al-Qaida in the Arabian Peninsula, said: “your security is not achieved by despoiling other nations’ security or by attacking and oppressing them.”
- The six-minute English-subtitled audio, posted on a militant website late Saturday, implored Americans to “leave us with our religion, land and nations and mind your own internal affairs.”
- Al-Rimi said the bombing of the Boston marathon in April, and the recent sending of ricin-tainted letters to President Barack Obama and New York Mayor Michael Bloomberg “indicate that the control of your security has broken away.” The video was produced by al-Qaida’s media arm, al-Malahem Foundation.
Building the cyber attack against China, making it look like we want them to stop, China denies the attacks. There is no way that they know it is China, using proxy servers attackers bounce the attacks off of many servers, all they know is where the last server was located
- CHINA and the US have agreed to regularly hold top-level meetings to establish parameters that will address the rapid escalation in cyber espionage.
- The first bid to ease tensions over the scale of alleged intrusions by Chinese organisations into US government and corporate bodies emerged over the weekend as the nations’ presidents prepare for two days of talks this week at a private retreat in California.
- The first official talks between Barack Obama and Xi Jinping, starting on Friday, will probably be dominated by fresh Pentagon claims that China is the largest cyber hacker in the world.
- It will be the first time that the heads of the world’s two largest economies have met since Mr Xi was appointed to China’s top job in March. However, the discussions will probably be far from friendly.
- An unnamed senior US official involved in negotiations to hold regular meetings told The New York Times that “we need to get some norms and rules”.
- US officials told the newspaper they did not expect the talks to immediately trigger a significant reduction in hacking, but one source was quoted as saying: “It is a serious issue that cannot simply be swatted away with talking points.”
- The meetings would focus primarily on the theft of intellectual property from US companies. “Our concerns are not limited to that, but that’s what needs urgent attention,” the source added.
- General Keith Alexander, of the US National Security Agency, said the Chinese-led hacking was the “greatest transfer of wealth in history” because the attacks centred on commercial organisations. China has been accused at least four times in the past six months of being the mastermind behind hundreds of cyber-hacking attacks.
- Pentagon chief and Defence Secretary Chuck Hagel said on the weekend the Chinese government and the military, through the powerful People’s Liberation Army, had ordered cyber attacks on the US government, the public sector and private business.
- The accusations come less than a month after a specialist Pentagon report said China had deliberately infiltrated US computer systems to spy and gain a commercial advantage.
- “The US has expressed our concerns about the growing threat of cyber intrusions, some of which appear to be tied to the Chinese government and military,” Mr Hagel said at a conference in Singapore attended by senior Chinese military officials.
- “As the world’s two largest economies, the US and China have many areas of common interest and concern, and the establishment of a cyber working group is a positive step in fostering US-China dialogue on cyber.”
All communication need to be encrypted. You can think of an encrypted email like this. If you use the regular mail and have the post office deliver it and you send your letter without an envelope it is not encrypted anyone can read it as it passes hands. If you send the same letter in an envelope it is sealed and nobody can read it because it is protected and the authorities need a warrant to open the envelope.
- Big Brother is hoping to eliminate anonymous digital communication, but a new messaging protocol may provide privacy advocates a way around their snooping government no matter where they live.
- It couldn’t come at a better time as governments increasingly demand access to private communications.
- In fact, an FBI whistleblower recently revealed that all digital communications are being recorded and stored by the U.S. government.
- Since most emails, instant messaging, and all voice calls (land line, cell or Internet) run through central service providers that database all user activity, the government has easy access to this information upon request, secret subpoenas or even backdoors to these services to view private communications in real time.
- The Associated Press was recently violated the Department of Justice who, with a secret subpoena, forced service providers to hand over phone records of AP’s reporters and central offices.
- he U.S. government claims the authority to track, trace, and database all electronic communications in order to keep us safe. Despite the obvious intrusion of privacy, it clearly has the intent to spy on all communications and is actively seeking expanded legal cover and technological advances for full spectrum digital surveillance.
- Large central service providers make this nefarious goal possible.
- But as the government cracks down on Web privacy, a new decentralized communication protocol called Bitmessage has emerged to offer an easy way for people to send and receive encrypted messages.
- What is Bitmessage?
- Bitmessage is a peer-to-peer encrypted messaging protocol that allows people to communicate anonymously.
- Bitmessage’s official description is as follows:
- Bitmessage is a P2P communications protocol used to send encrypted messages to another person or to many subscribers. It is decentralized and trustless, meaning that you need-not inherently trust any entities like root certificate authorities. It uses strong authentication which means that the sender of a message cannot be spoofed, and it aims to hide “non-content” data, like the sender and receiver of messages, from passive eavesdroppers like those running warrantless wiretapping programs. (Source)
- Based loosely on Bitcoin’s open-source protocol, Bitmessage utilizes the computer power of decentralized users to process the messages making them essentially impossible to track. Addresses are made up of 36 random characters as opposed to a name and other personal information that email services require.
- Example Bitmessage address: BM‐2nTX1KchxgnmHvy9ntCN9r7sgKTraxczzyE
Banks are changing their TOS
- 33. LIABILITY
- We shall have no liability for any delays or failure of performance caused in whole or in part by fire, labor disputes, power failure, acts or omissions of civil authorities, civil disturbances, war, computer
- malfunctions, acts of God, or any causes beyond our control. You agree that in performing the duties
- imposed under these rules, we shall be liable only if grossly negligent and in no event shall we be liable
- for any consequential, indirect, or special damages.
G. Liability (for Same-Business Day Transfers and All Transfers Outside Bank of America From a Business Account)
- You expressly agree that Bank of America shall be liable to you only for our negligent performance or non-performance of the services provided pursuant to the Transfers Outside Bank of America Service, and that our responsibility shall be limited to the exercise of reasonable and ordinary care. Unless otherwise required by law, Bank of America shall not be liable for any error or delay on the part of any third party or for any other act or omission of any third party, including without limitation third parties used by Bank of America in executing any payment order relating to a transfer or performing a related act, and no such third party shall be deemed to be our agent. Further, we shall not be liable to you or any third party for failure to execute any transfer or perform a related act if such a failure is due to causes or conditions beyond our reasonable control, including without limitation, strikes, riots, insurrection, war, military, or national emergencies, acts of God, natural disasters, fire, outages of computers or associated equipment, or failure of transportation or communication methods or power supplies. Except as may be limited by applicable law, you agree to indemnify and hold Bank of America and officers, directors, employees and representatives harmless (including payment of reasonable attorney’s fees) against any and all liability to third parties arising out of, or in connection with, this Agreement, the Transfers Outside Bank of America Service or any actions taken by Bank of America pursuant to your instructions.