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Apple, Google, Youtube, Facebook, Twitter Subvert the US Constitution, Free Speech, and American Liberty

August 8, 2018

Apple, Google, Youtube, Facebook, Twitter Subvert the US Constitution, Free Speech, and American Liberty

The coordinated attack on widely watched Info Wars host Alex Jones by Apple, Facebook, Google/Youtube, and Spotify is all the proof that we need that the total failure to enforce America’s anti-trust laws has produced unaccountably powerful firms that are able to exercise far more censorship, not only in America but also abroad among Washington’s vassal states, than the Nazi Gestapo or Stalin’s NKVD were ever able to achieve.

Recently the progressive Rob Kall and I discussed on his show the implications of a trillion dollar company, which Apple now is. A day or two afterward, Rob Kall wrote an article on his website OpEdNews in which he made a case that a trillion dollar company had too much power for our continuation as a free people. I agree with him. Only 16 countries out of 195 countries in the world, a mere 0.08 percent, have a GDP equal to or larger than one trillion dollars.

Think about that. Apple is larger than the GNP of almost every country in the world. In other words, Apple has the power of a major government. Apple could be a member of the G-20. Apple could institute its own currency and be part of SDR drawing rights. Apple could participate as a backer of IMF and World Bank loans. Apple could have its own military and secret service.

No sooner than Rob Kall made his case than Apple proved it, along with the other tech monopolies: Google/Youtube, Spotify, and Facebook. https://www.rt.com/usa/435259-infowars-ban-twitter-reacts/

In the US almost everything has been monopolized—the digital world; 90% of the print and TV media owned by 5 or 6 companies; 90% of bank deposits in 5 large banks “too big to fail; Walmart, Home Depot, Lowes which have abolished independent community family stores; auto parts franchises that have abolished family businesses; restuarant franchises that have destroyed family restaurants; pharmacautical and chemical monopolies.

…click on the above link to read the rest of the article…

Not Just Fangs: Manias and Echo Bubbles Abound

August 5, 2018

Not Just Fangs: Manias and Echo Bubbles Abound

It’s not just the FANGs investors should be worried about. A Tweet and an article explain.

✔

“With the FANG stocks faltering lately investors are starting to become concerned about their impact on the broader market. And there is certainly something to this.”https://app.hedgeye.com/insights/69386-it-s-more-than-just-fang-stocks-investors-should-be-worried-about?type=guest-contributors …

6:17 PM – Aug 3, 2018

It’s More Than Just FANG Stocks Investors Should Be Worried About

What investors really should be worried about then is the possibility that the reappraisal of the FANG stocks is representative of a much wider reappraisal that began back in February.

app.hedgeye.com

Echo Bubbles Abound

Pater Tenebrarum at Acting Man discusses Stock Market Manias of the Past vs the Echo Bubble.

The Big Picture

The diverging performance of major US stock market indexes which has been in place since the late January peak in DJIA and SPX has become even more extreme in recent months. In terms of duration and extent, it is one of the most pronounced such divergences in history. It also happens to be accompanied by weakening market internals, some of the most extreme sentiment and positioning readings ever seen and an ever more hostile monetary backdrop.

The above combination is consistent with a market close to a major peak – although one must always keep in mind that divergences can become even more pronounced – as was for instance demonstrated on occasion of the technology sector blow-off in late 1999 – 2000.

Along similar lines, extremes in valuations can persist for a very long time as well and reach previously unimaginable levels. The Nikkei of the late 1980s is a pertinent example for this. Incidentally, the current stock buyback craze is highly reminiscent of the 1980s Japanese financial engineering method known as keiretsu or zaibatsu, as it invites the very same rationalizations.

…click on the above link to read the rest of the article…

Warren Buffet’s Favorite Stock Market Metric Is Signaling Huge Downside Ahead

August 4, 2018

Warren Buffet’s Favorite Stock Market Metric Is Signaling Huge Downside Ahead

Today – Apple became the first public company worth over $1 trillion dollars. . .

Thanks to very low interest rates – the company’s piling on debt and buying their own shares back – shrinking the float.

And because of a worldwide rush into mutual funds and exchange traded funds (ETF’s) – there’s crazy demand for Apple shares.

The king of ‘buy and hold’ investing and a Champion of equities – Warren Buffet – must a have grin on his face from ear to ear. Because Apple’s surge just netted him a huge profit for his company – Berkshire Hathaway – of over $2.6 billion.

Many, now, may be thinking that they should buy Apple and other such stocks – right?

Well, not exactly.

Because according to this favorite Buffet metric – the market looks extremely overvalued and the future looks scary.

The Market Cap-to-GDP metric is a long-term value indicator. And it’s become popular recently thanks to Warren Buffet.

During an interview in 2001 with Fortune – he claimed that this indicator is “probably the best single measure of where valuations stand at any given moment.”

And what his favorite indicator’s showing us today is that stocks are more over-valued than they’ve ever been. . .

So – what is the Market Cap to GDP – aka the ‘Buffet Indicator’?

It’s easy. Just calculate the total market value of all stocks outstanding and divide it by the nations GDP.

When the ratio is greater than 100% – it means that stocks are considered overvalued and have historically less upside going forward.

And when the ratio is less than 100% – it means the opposite. That stocks are considered undervalued and historically have more upside.

I look at it this way: when the ‘Buffet Indicator” is more than 100%, the stock market is negatively asymmetric (high risk, low reward). And when it’s less than 100%, the stock market is positively asymmetric (low risk, high reward).

…click on the above link to read the rest of the article…

Amazon’s Fusion With the State Shows Neoliberalism’s Drift to Neo-Fascism

July 4, 2018

Amazon’s Fusion With the State Shows Neoliberalism’s Drift to Neo-Fascism

In our next installments, we will continue exploring the rise of Surveillance Capitalism and the implications of Amazon-fueled spying technology, both in the workplace and in U.S. city streets.

“Capitalism is a system that seeks to transgress all boundaries in its production and sale of commodities, commodifying everything in existence, which today, in the age of monopoly-finance capital and surveillance capitalism, means intruding into every aspect of existence,” John Bellamy Foster told MPN.

SEATTLE – This year may go down in history as a turning-point when the world finally woke up to the dark side of the ubiquitous presence of popular Silicon Valley companies in our daily lives. One can only hope so, at least.

From Amazon to Facebook, Apple, Google, Microsoft and PayPal – among others – revelations poured out confirming the ongoing abuse of user data by monopolistic corporations, as well as their growing role as vendors of surveillance technology to the U.S. police state, military, and migrant detention agencies.

In March, the lid was blown off of the violation of user data on Facebook, with Cambridge Analytica mining user information for the purpose of providing millions of detailed “psychological profiles” to the Trump campaign, among others. Scarcely two weeks later, the Google campus was in an uproar over the development of its “Project Maven,” which was building an AI-fueled platform to vastly upgrade the automatic targeting abilities of the U.S. military’s global drone fleet. Faced with public outrage and internal dissent, the companypulled out of bidding to renew its Pentagon contract, which ends next year.

…click on the above link to read the rest of the article…

In Latest Privacy Scandal, Facebook Gave Apple, Amazon And Others Unprecedented Access To User Data

June 4, 2018

In Latest Privacy Scandal, Facebook Gave Apple, Amazon And Others Unprecedented Access To User Data

Facebook has been giving user data to at least 60 major device manufacturers over the last decade – including Apple, Amazon, BlackBerry, Microsoft and Samsung – as part of a data-sharing partnership program which allowed the companies to integrate various features such as messaging and “like” buttons into their products.

The data-sharing agreement, reported Sunday evening by the New York Times, allowed manufacturers to access information on relationship status, calendar events, political affiliations and religion, among other things. An Apple spokesman, for example, said that the company relied on private access to Facebook data to allow users to post on the social network without opening the Facebook app, among other things.

What’s more, the manufacturers were able to access the data of users’ friends without their explicit consent, despite Facebook declaring they would not let outside companies access user data. The catch? The NYT explains.

Facebook’s view that the device makers are not outsiders lets the partners go even further, The Times found: They can obtain data about a user’s Facebook friends, even those who have denied Facebook permission to share information with any third parties.

In interviews, several former Facebook software engineers and security experts said they were surprised at the ability to override sharing restrictions. –NYT

“It’s like having door locks installed, only to find out that the locksmith also gave keys to all of his friends so they can come in and rifle through your stuff without having to ask you for permission,” said Ashkan Soltani, a research and privacy consultant and former chief technologist for the Federal Trade Commission (FTC).

…click on the above link to read the rest of the article…

The Big Tech Backlash of 2018

April 6, 2018

The Big Tech Backlash of 2018

Herbert Ponting Scott’s Terra Nova Expedition, Antarctica 1911

Something must be terribly wrong with the world. A few days ago Elizabeth Warren agreed with Trump on China, now Bernie Sanders agrees with him about Amazon. What’s happening?

Bernie Sanders Agrees With Trump: Amazon Has Too Much Power

Independent Vermont senator and 2016 presidential hopeful Bernie Sanders echoed President Donald Trump in expressing concern about retail giant Amazon. Sanders said that he felt Amazon had gotten too big on CNN’s “State of the Union” Sunday, and added that Amazon’s place in society should be examined.

“And I think this is, look, this is an issue that has got to be looked at. What we are seeing all over this country is the decline in retail. We’re seeing this incredibly large company getting involved in almost every area of commerce. And I think it is important to take a look at the power and influence that Amazon has,” said Sanders.

A backlash against Facebook, a backlash against Amazon. Are these things connected? Actually, yes, they are connected. But not in a way that either Trump or Sanders has clued in to. Someone who has, a for now lone voice, is David Stockman. Here’s what he wrote last week.

The Donald’s Blind Squirrel Nails An Acorn

It is said that even a blind squirrel occasionally finds an acorn, and so it goes with the Donald. Banging on his Twitter keyboard in the morning darkness, he drilled Jeff Bezos a new one – or at least that’s what most people would call having their net worth lightened by about $2 billion:

…click on the above link to read the rest of the article…

Silicon Valley Joins War On Cash: Tim Cook Seeks “Elimination Of Money”

February 27, 2018

Silicon Valley Joins War On Cash: Tim Cook Seeks “Elimination Of Money”

Apple CEO Tim Cook has one big hope for the future – that he lives to see the end of money.

“…I’m hoping that I’m still going to be alive to see the elimination of money.”

Speaking at a meeting for Apple shareholders in Cupertino, California earlier this month, Cook made it clear that he is firmly on the side of the war-on-cash establishment.

“Because why would you have this stuff! Why go through all the expense of printing this stuff and then some people steal it, and you’ve got to worry about counterfeits and all these things,” he continued.

As Apple’s CEO talked about the downsides of cash, BI reported that he became more animated, revealing his real passion about the topic…

“We can provide a solution for the customer that’s simpler, more convenient, you don’t carry around a wallet with a bunch of cards in it, or a purse with a bunch of cards in it,” Cook said.

“And it’s more secure, if you’ve ever had your credit card ripped off, I’m sure a lot of you have, I have, it’s not a good experience.”

Until now, it has tended to be politicians and central bankers leading the call for a cashless society… for your own good.

The enemies of cash claim that only crooks and cranks need large-denomination bills. They want large transactions to be made electronically so government can follow them. Yet these are some of the same European politicians who blew a gasket when they learned that U.S. counterterrorist officials were monitoring money through the Swift global system. Criminals will find a way, large bills or not.

…click on the above link to read the rest of the article…

Trump Administration Lobbying Hard for Sweeping Surveillance Law

September 29, 2017

Admiral Mike Rogers, Director of the National Security Agency (NSA), testifies about the Fiscal Year 2018 budget request for US Cyber Command during a House Armed Services Committee hearing on Capitol Hill in Washington, DC, May 23, 2017. / AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

TRUMP ADMINISTRATION LOBBYING HARD FOR SWEEPING SURVEILLANCE LAW

THE TRUMP ADMINISTRATION is pushing hard for the reauthorization of a key 2008 surveillance law — section 702 of the Foreign Intelligence Surveillance Act, known as FISA — three months before it sunsets in December.

To persuade senators to reauthorize the law in full, the Trump administration is holding classified, members-only briefings for the entire House and Senate next Wednesday, with heavy hitters in attendance: Attorney General Jeff Sessions, Director of National Intelligence Dan Coats, NSA Director Mike Rogers, and FBI Director Christopher Wray will give the briefings, according to an internal announcement of the meetings provided to The Intercept and confirmed by multiple sources on Capitol Hill.

Section 702 serves as the legal basis for two of the NSA’s largest mass surveillance programs, both revealed by Edward Snowden. One program, PRISM, allows the government to collect messaging data sent to and from foreign targets, from major internet companies like Google, Facebook, Apple, and Microsoft. The other, UPSTREAM, scans internet backbone sites in the U.S. and copies communications to and from foreign targets.

Both programs ostensibly only “target” foreigners, but likely collect massive amounts of Americans’ communications as well. And despite persistent questioning from members of Congress, the Obama and Trump administrations have repeatedly refused to provide an estimate of how many domestic communications the programs collect. Civil liberties advocates have long warned liberal defenders of the program under President Obama that one day the surveillance apparatus may fall into the hands of a president with little regard for rule of law or constitutional protections.

Privacy activists have also raised concerns about how the data is shared with law enforcement, and routinely used for purposes unrelated to national security. The FBI frequently conducts “backdoor searches” on the data during ordinary criminal investigations, which allows them access to Americans’ communications without having to get a warrant.

…click on the above link to read the rest of the article…

Apple, Google, and how not to go 100% renewable

September 29, 2017

Apple, Google, and how not to go 100% renewable

Earlier this year I described how the Dutch Railwayswere using “alternative logic” to claim that their trains were running on 100% wind power while in reality they were running about 90% on coal and gas-fired electricity from the Dutch grid. But Nederlandse Spoorwegen aren’t the only ones doing it. Other companies use the same alternative logic to show how they too are now 100% renewable even though they aren’t. In this post we review the claims of two of the most prominent ones – Apple and Google, who are making points with the public and the media by declaring themselves to be 96% and 100% renewables-powered even though Apple still obtains well over half of its electricity from non-renewable sources and Google probably over 80%. (Inset: solar array at Apple’s Maiden, North Carolina data center).

Introduction:

First on my use of the term “alternative logic”. The term “alternative facts” has recently come into vogue to describe facts that aren’t factual, and I use “alternative logic” to describe logic that isn’t logical (although there are other less polite terms I could have used). We will see how illogical shortly.

The path a company has to follow to go 100% renewable is now well-established. What it doesn’t do, except in rare instances, is build renewables plants itself. Instead it negotiates long-term purchase contracts with renewable energy providers and/or purchases Renewable Energy Certificates (in the US) or Guarantees of Origin (in Europe) that transfer ownership of the renewable energy generated by a third party to the company. And as soon as the company has purchased enough generation to cover its in-house consumption it can a) declare itself to be 100% renewable and b) claim zero CO2 emissions.

…click on the above link to read the rest of the article…

Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?

September 12, 2017

Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?

When will America finally wake up? The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles. We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more than 100 million dollars to our debt load every single hour of every single day. The national debt is sitting at a grand total of $20,162,176,797,904.13 at this moment, but now that the debt ceiling has been lifted that number is expected to shoot up very rapidly toward 21 trillion dollars by the end of the year. The national debt had been held down by accounting tricks to keep it under the debt limit for many months, but every time this has happened before we have seen the national debt absolutely explode back to projected levels once the debt ceiling was raised.

But very few of our “leaders” in Washington seem to care that we are in the process of committing national suicide. There is no possible way that we will be able to continue to be the most powerful economy on the planet if we continue down this road. During Obama’s eight years in the White House, we added more than 9 trillion dollars to the national debt. That certainly improved things in the short-term, because if we could go back and take 9 trillion dollars out of the economy over the past 8 years we would be in an absolutely nightmarish economic depression right now.

But even with all of this borrowing and spending, our economy has still only grown at an average rate of just 1.33 percent a year over the last 10 years.

And by going into so much debt, we are literally destroying the future for our children and our grandchildren.

…click on the above link to read the rest of the article…

Is This The Generation That Is Going To Financially Destroy America?

July 13, 2017

Is This The Generation That Is Going To Financially Destroy America?

Did you know that the federal government is going to spend more than 4 trillion dollars this year? To put that into perspective, U.S. GDP for the entire year of 2017 is going to be somewhere between 18 and 19 trillion dollars. So when you are talking about 4 trillion dollars you are talking about a huge chunk of our economy. But of course the federal government doesn’t bring in 4 trillion dollars a year. At the beginning of Barack Obama’s first term, we were 10.6 trillion dollars in debt, and now we are nearly 20 trillion dollars in debt. That means that we have been adding more than a trillion dollars a year to the national debt. When you break that down, that means that we have essentially been stealing more than a hundred million dollars from future generations of Americans every single hour of every single day to pay for our debt-fueled lifestyle. Even Federal Reserve Chair Janet Yellen is warning that this is not sustainable, and yet we just keep on doing it.

Nobody can pretend that what we have today is the kind of limited federal government that our founders intended. When federal spending accounts for more than 20 percent of GDP, it is hard to argue that we haven’t moved very far down the road toward socialism. As I mentioned above, total federal spending will surpass 4 trillion dollars for the first time ever in 2017…

Both the Congressional Budget Office and the White House Office of Management and Budget project that federal spending will top $4 trillion for the first time in fiscal 2017, which began on Oct. 1, 2016 and will end on Sept. 30.

In its “Update to the Budget and Economic Outlook: 2017 to 2027” published last week, CBO projected that total federal spending in fiscal 2017 will hit $4,008,000,000,000.

…click on the above link to read the rest of the article…

Why The Markets Are Overdue For A Gigantic Bust

June 10, 2017

r.classen/Shutterstock

Why The Markets Are Overdue For A Gigantic Bust

It’s just not possible to print our way to prosperity

If you’re not familiar with the term, ‘confirmation bias’ suggests that once we’ve invested time and emotional energy into developing a worldview, we’ll then seek information to confirm that view.

After writing about the economy for so many years, I’m now so convinced that we can’t print our way to prosperity that I find myself seeing signs confirming this view everywhere, every single day. So that’s the danger to be aware of when listening to me. I’m going to keep repeating this mantra and Im going to keep finding data that supports this view.

Based on lots of historical inputs, I have concluded that Printing money out of thin air can engineer lots of things, including asset price bubbles and the redistribution of wealth from the masses to the elites. But it cannot print up real prosperity.

As much as I try, I simply cannot jump on the bandwagon that says that printing up money out of thin air has any long-term utility for an economy. It’s just too clear to me that doing so presents plenty of dangers, due to what we might call ‘economic gravity’: What goes up, must also come down.

Which brings us to this chart:

The 200 bubble blown by Greenspan was bad, the next one by Bernanke was horrible, but this one by Yellen may well prove fatal. At least to entire financial markets, large institutions, and a few sovereigns.

It’s essential to note that more than two-thirds of the net worth tracked in the above chart is now comprised of ‘financial assets.’ That is, paper claims on real things.

…click on the above link to read the rest of the article…

How To Hack A Presidential Election

April 2, 2016

How To Hack A Presidential Election

There is a growing recognition of the increasing tail wagging the dog nature of the internet’s control over election outcomes. We recently detailed “the hidden persuaders” at work showing how the internet has spawned subtle forms of influence that can flip elections and manipulate everything we say, think and do. Confirming all of this to be chillingly true is Andrés Sepúlveda, who rigged elections throughout Latin America for almost a decade. On the question of whether the U.S. presidential campaign is being tampered with, he is unequivocal – “I’m 100 percent sure it is.”

Liberty Blitzkrieg’s Mike Krieger excerpts a must-read Bloomberg article,

In July 2015, Sepúlveda sat in the small courtyard of the Bunker, poured himself a cup of coffee from a thermos, and took out a pack of Marlboro cigarettes. He says he wants to tell his story because the public doesn’t grasp the power hackers exert over modern elections or the specialized skills needed to stop them. “I worked with presidents, public figures with great power, and did many things with absolutely no regrets because I did it with full conviction and under a clear objective, to end dictatorship and socialist governments in Latin America,” he says. “I have always said that there are two types of politics—what people see and what really makes things happen. I worked in politics that are not seen.”

Rendón, says Sepúlveda, saw that hackers could be completely integrated into a modern political operation, running attack ads, researching the opposition, and finding ways to suppress a foe’s turnout. As for Sepúlveda, his insight was to understand that voters trusted what they thought were spontaneous expressions of real people on social media more than they did experts on television and in newspapers. He knew that accounts could be faked and social media trends fabricated, all relatively cheaply.

…click on the above link to read the rest of the article…

The FBI vs. Apple Debate Just Got Less White

March 8, 2016

The FBI vs. Apple Debate Just Got Less White

The court fight between Apple and the FBI prompted a slew of letters and legal briefs last week from outside parties, including many tech companies and privacy groups. But a particularly powerful letter came from a collection of racial justice activists, including Black Lives Matter.

The letter focused on potential civil rights abuses, should the FBI gain the power to conscript a technology company into undermining its own users’ security.

“One need only look to the days of J. Edgar Hoover and wiretapping of Rev. Martin Luther King, Jr. to recognize the FBI has not always respected the right to privacy for groups it did not agree with,” wrote the signatories, including arts and music nonprofit Beats, Rhymes & Relief, the Center for Media Justice, The Gathering for Justice, Justice League NYC, activist and writer Shaun King, and Black Lives Matter co-founder and Black Alliance for Just Immigration executive director Opal Tometi.

Those tactics haven’t ended, they argue. “Many of us, as civil rights advocates, have become targets of government surveillance for no reason beyond our advocacy or provision of social services for the underrepresented.”

In Washington and Silicon Valley, the debate over unbreakable encryption has an aura of elite, educated, mostly male whiteness — from the government representatives who condemn it to the experts who explain why it’s necessary.

But the main targets of law enforcement surveillance have historically been African American and Muslim communities.

Malkia Cyril, the co-founder of Center for Media Justice, one of the letter’s signatories, gave a speech at one of several nationwide protests outside Apple stores two weeks ago, supporting the tech giant and pointing out the FBI’s history of surveilling black activists. “In the context of white supremacy and police violence, Black people need encryption,” she wrote in a tweet.

…click on the above link to read the rest of the article…

The Human Rights Risks of Encryption ‘Back Doors’

February 27, 2016

The Human Rights Risks of Encryption ‘Back Doors’

a katz / Shutterstock

One fact that has received little attention in the current encryption debate is that many categories of individuals rely on strong encryption for their own security. These include sexual and gender-based rights activists, domestic violence victims, journalists and their sources, and human rights defenders. Strong encryption is necessary to protect fundamental human rights; as one technologist puts it, encryption saves lives.

Encryption, a process of scrambling communications to make them private, is frequently discussed simply as a privacy issue. But the same process that keeps banks’ communications secure is also, for many, a safeguard of many human rights including the right to life. For those who rely on secure communications in sensitive situations, the issue goes far beyond privacy.

Experts agree that “secure back doors”—which would give law enforcement secret access to digital storage or communications—are scientifically impossible. That explains the uproar over a federal magistrate judge’s recent decision ordering Apple to create a backdoor to an iPhone. On Feb. 25, Apple moved to vacate that decision and warned that the FBI is seeking a “dangerous power” in the case.

Back doors are wholly unnecessary for security. Law enforcement agencies already use hacking tools to track electronic communications and circumvent encryption. Information-sharing programs reportedly exist with intelligence agencies, which use keyloggers to record encrypted messages before they are sent. National Security Agency (NSA) supercomputers can even number-crunch to break some encoded messages. And encryption does not shield the “to” and “from” lines of messages—also known as metadata. The problem is not a lack of tools, but intelligence failures in analyzing existing information—perhaps one reason former NSA head Michael Hayden rejects the FBI’s position on back doors.

…click on the above link to read the rest of the article…

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