NSA Busted Conducting Industrial Espionage In France, Mexico, Brazil, China and All Around the World

U.S. Conducts Industrial Espionage Globally

France’s largest English-language newspaper – The Local – reports:

Le Monde said the documents gave grounds to think the NSA targeted not only people suspected of being involved in terrorism but also high-profile individuals from the world of business or politics.

 

***

 

French Prime Minister Jean-Marc Ayrault [said]  “I am deeply shocked…. It’s incredible that an allied country like the United States at this point goes as far as spying on private communications that have no strategic justification, no justification on the basis of national defence,” he told journalists in Copenhagen.

Der Spiegel notes:

The NSA has been systematically eavesdropping on the Mexican government for years.

 

***

 

In the space of a single year, according to the internal documents, this operation produced 260 classified reports that allowed US politicians to conduct successful talks on political issues and to plan international investments.

The NSA was recently revealed to have been spying on Brazil’s largest oil company.

Guardian columnist Seumas Milne correctly notes:

#NSA#GCHQ about power not security: hacked #Mexico president for political/investment edge, leak shows, like #Brazil….

The NSA was also recently busted spying on Chinese technology company Huawei.

German companies are concerned that the NSA has conducted espionage in that country. And the leaders of Latin American countries have also expressed disgust at the industrial espionage.

The NSA is also spying on the biggest financial payments systems such as VISA and Swift.

In a slide leaked by Edward Snowden, “economic” was one of the main justifications for spying.

The top U.S. spy’s justification for such financial spying is:

“We collect this information for many important reasons: for one, it could provide the United States and our allies early warning of international financial crises which could negatively impact the global economy. It also could provide insight into other countries’ economic policy or behavior which could affect global markets.”

(Top financial experts say that the NSA and other intelligence agencies are also using the information to profit from this inside information.  And the NSA wants to ramp up its spying on Wall Street … to “protect” it.)

The Spying Has Been Going On For Decades

It is true that the spying is about power, and not security. Proof here, here and here.

But this has actually been going on for decades.

It has long been clear that the U.S. spying program is being used for industrial espionage. The New Statesman wrote about it in 1988. Die Zeit in 1999.

The New York Times reported in 1995:

Each morning, they gave Mickey Kantor, the United States trade representative, and his aides inside information gathered by the Central Intelligence Agency’s Tokyo station and the electronic eavesdropping equipment of the National Security Agency, sifted by C.I.A. analysts in Washington.

 

Mr. Kantor received descriptions of conversations among Japanese bureaucrats and auto executives from Toyota and Nissan who were pressing for a settlement, and read about the competing pressures on Japan’s Trade Minister, Ryutaro Hashimoto.

 

When the negotiations came to a climax in Geneva, the intelligence team was in place at the Intercontinental Hotel, working alongside Mr. Kantor’s negotiators, offering assessments of how far the Japanese side could be pressed.

 

***

 

Spying on allies for economic advantage is a crucial new assignment for the C.I.A. now that American foreign policy is focused on commercial interests abroad. President Clinton made economic intelligence a high priority of his Administration, specifically information to protect and defend American competitiveness, technology and financial security in a world where an economic crisis can spread across global markets in minutes.

 

***

 

At the Treasury Department, the trade representative’s office and the Commerce Department, officials say they now receive a torrent of information from the C.I.A.

BBC reported in 2000:

A report published by the European Parliament in February alleges that Echelon twice helped US companies gain a commercial advantage over European firms. [Here's the report.]

 

Duncan Campbell, the British intelligence expert and journalist who wrote the report, raises the prospect that hundreds of US Department of Commerce “success stories”, when US companies beat off European and Japanese commercial opposition, could be attributed to the filtering powers of Echelon.

 

***

 

The European consortium Airbus lost a $6bn contract with Saudi Arabia after NSA found Airbus officials were offering kickbacks to a Saudi official.

 

The paper said the agency “lifted all the faxes and phone-calls between Airbus, the Saudi national airline and the Saudi Government” to gain this information.

 

***

 

The US firm Raytheon used information picked up from NSA snooping to secure a $1.4bn contract to supply a radar system to Brazil instead of France’s Thomson-CSF.

 

***

 

Former CIA director James Woolsey, in an article in March for the Wall Street Journal, acknowledged that the US did conduct economic espionage against its European allies, though he did not specify if Echelon was involved.

BONUS: 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Qz8o9igB6KE/story01.htm George Washington

When Presidential Lies Overwhelm, Or What Happens When You Don’t Eat Your ObamaFood

It would appear President Obama has another gift few are aware of. For at least the 5th time in the last few years, his oratory has forced a woman in the audience to fall to the floor. First in September 2011, twice in March 2012, then in August 2012, and now today during his latest Obamacare pitch, the President’s intonations appear to disturb the brain’s cortex just enough to halt the breathing (and thinking) process. Of course, the end result will be the launch of Obamafood – the non-fainting alternative to listening to his speeches/pitches, which for those who are sufficiently brain dead will come in a prechewed (by other taxpayers) variant, also known as ObamaIV.

 

The Obamacare Pitch sent the girl to President Obama’s left reeling… “This happens when I talk too long,” Obama admitted

 

The first sighting of this strange phenomenon was in September 2011…

 

 

Of course, it would appear he knew about this awe-inspiring gift all along… March 7th 2012…

 

Again on March 16th 2012… but this time he offered some advice:

Another one of President Barack Obama’s speeches was interrupted Thursday when a woman fainted.

 

According to The New York Times, Obama had been criticizing his Republican rivals during the speech, which focused on energy policy, when he paused to alert officials that someone in the crowd had fainted.

 

The president then offered some advice to people attending his rallies.

 

“Remember next time, if you’re going to stand for a long time, you got to eat,” Obama said. “It’s true. You got to get something to eat. You got to get some juice.”

 

and again in August 2012…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/jCJT4UgbPnE/story01.htm Tyler Durden

When Presidential Lies Overwhelm, Or What Happens When You Don't Eat Your ObamaFood

It would appear President Obama has another gift few are aware of. For at least the 5th time in the last few years, his oratory has forced a woman in the audience to fall to the floor. First in September 2011, twice in March 2012, then in August 2012, and now today during his latest Obamacare pitch, the President’s intonations appear to disturb the brain’s cortex just enough to halt the breathing (and thinking) process. Of course, the end result will be the launch of Obamafood – the non-fainting alternative to listening to his speeches/pitches, which for those who are sufficiently brain dead will come in a prechewed (by other taxpayers) variant, also known as ObamaIV.

 

The Obamacare Pitch sent the girl to President Obama’s left reeling… “This happens when I talk too long,” Obama admitted

 

The first sighting of this strange phenomenon was in September 2011…

 

 

Of course, it would appear he knew about this awe-inspiring gift all along… March 7th 2012…

 

Again on March 16th 2012… but this time he offered some advice:

Another one of President Barack Obama’s speeches was interrupted Thursday when a woman fainted.

 

According to The New York Times, Obama had been criticizing his Republican rivals during the speech, which focused on energy policy, when he paused to alert officials that someone in the crowd had fainted.

 

The president then offered some advice to people attending his rallies.

 

“Remember next time, if you’re going to stand for a long time, you got to eat,” Obama said. “It’s true. You got to get something to eat. You got to get some juice.”

 

and again in August 2012…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/jCJT4UgbPnE/story01.htm Tyler Durden

Russian Terrorist Attack With Numerous Casualties Caught On Dashcam

Several hours earlier, news broke that a bomb had exploded on a bus in the southern Russian city of Volgograd, a few hundred kilometers from Sochi where the winter Olympics will be held. Russian investigators announced they suspect a female suicide bomber was responsible for the bombing which killed at least five people according to Interfax. Citing a source in the regional Investigative Committee office, Interfax said identity documents belonging to the suspected bomber were found near the site and that she was believed to have been the wife of an Islamist militant. Below, we show the dash cam video which caught this terrorist act in process.

Disturbing as this video is, we believe it is only going to get worse as the Sochi 2014 Winter Olympics approach. Recall from “Meet Saudi Arabia’s Bandar bin Sultan: The Puppetmaster Behind The Syrian War“:

Bandar told Putin, “…The terrorist threat is growing in light of the phenomena spawned by the Arab Spring. We have lost some regimes. And what we got in return were terrorist experiences, as evidenced by the experience of the Muslim Brotherhood in Egypt and the extremist groups in Libya…. As an example, I can give you a guarantee to protect the Winter Olympics in the city of Sochi on the Black Sea next year. The Chechen groups that threaten the security of the games are controlled by us…

Was today’s terrorist explosion just a warning shot ultimately funded and organized by none other than the biggest loser from the Syrian detente: Saudi Arabia, because recall that it was Saudi Arabia which orchestrated the near-US invasion after playing Obama and Kerry like a fiddle, in hopes of getting the natgas pipeline under Syria. Following the Putin-brokered peace plan, Saudi will now have to wait at least one more year before re-escalating tensions in the Syria region with hopes of installing its own puppet regime. 

In the meantime, is Saudi now openly lashing out at the one country that made this delay a reality. And if so, when, where and how will Putin retaliate against the country that serves as the anchor of the petrodollar system? We look forward to finding out.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/uEVm2aKXtjE/story01.htm Tyler Durden

European Stocks Rise For 8th Day In A Row (Best Run In Over 4 Years)

For the first time since July 2009, the European equity markets have risen for 8 days straight. The 4.73% rise is the best run in 3 months and took Bloomberg’s European 500 index (akin to the S&P 500 in the US) to a perfect 61.8% retracement of the 2007/9 collapse. Greece and Spain are outperforming (the former +7% in the last 3 days alone). Away fdrom stocks, bonds are quiet, sovereign spreads are hardly moving as liquidity evaporates and while the EUR strengthened early on, as the US day session opened, the EUR sold off back to unchanged by the close of Europe. In the meantime, Europe’s VIX dropped to 9 month lows (below 16%) today. Oh – and by the way – European Macro data has collapsed to 3-month lows.

European stocks have retraced 61.8% of their 2007-9 losses…

 

and this makes perfect sense…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/dhzvefrHfJ8/story01.htm Tyler Durden

President Obama To Explain Obamacare’s “Success” – Live Webcast

We’ve heard statement after statement from any and all talking heads (a sample of the best 25 here) and we’ve seen the numbers (both internally and in context)… and we’ve discussed the unintended consequences and what to expect in 2014. So now (due at 1125ET – so who knows what time he turns up), it’s the big man’s turn to become the Sham-Wow guy; explain how great it actually is (and ignore the bloggers); how any minute now it will all be fixed, and how awesome this will all be (one day)… Don’t forget you can always call 1-800-F U-CKYO for advice.

 

 

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/7F0vnL0AUEM/story01.htm Tyler Durden

President Obama To Explain Obamacare's "Success" – Live Webcast

We’ve heard statement after statement from any and all talking heads (a sample of the best 25 here) and we’ve seen the numbers (both internally and in context)… and we’ve discussed the unintended consequences and what to expect in 2014. So now (due at 1125ET – so who knows what time he turns up), it’s the big man’s turn to become the Sham-Wow guy; explain how great it actually is (and ignore the bloggers); how any minute now it will all be fixed, and how awesome this will all be (one day)… Don’t forget you can always call 1-800-F U-CKYO for advice.

 

 

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/7F0vnL0AUEM/story01.htm Tyler Durden

Another Chinese Megapolis Shut Down By “Hazardous” Smog

Just two weeks ago we discussed the dismal smog that had closed roads and ariports around Beijing during the recent holiday. The situation has got worse, far worse, since then. As Reuters reports (and the stunning images below show), choking smog all but shut down one of northeastern China’s largest cities on Monday, forcing schools to suspend classes, snarling traffic and closing the airport in the country’s first major air pollution crisis of the winter. An index measuring PM2.5, or particulate matter with a diameter of 2.5 micrometers (PM2.5), reached a reading of 1,000 in some parts of Harbin, the gritty capital of northeastern Heilongjiang province and home to some 11 million people. A level above 300 is considered hazardous! China’s leadership is concerned about air quality because it is a constant source of public anger.

 

Via Reuters,

Users of China’s popular Twitter-like Sina Weibo microblogging site reacted with both anger and bitter sarcasm over Harbin’s air pollution.

 

“After years of effort, the wise and hard-working people of Harbin have finally managed to skip both the middle-class society and the communist society stages, and have now entered a fairyland society!” wrote one user.

 

Other parts of northeastern China also experienced severe smog, including Tangshan, two hours east of Beijing, and Changchun, the capital of Jilin province which borders Heilongjiang.

Via EuroNews,

The World Health Organisation recommends daily levels of particulate matter with a diameter of 2.5 micrometers to be no more than twenty. Anything above 300 is considered dangerous. Levels around 1,000 were recorded in some parts of Harbin. All schools were shut and the airport was closed.

 

Harbin is home to some 11 million people and lies in the northeastern Heilongjiang province of China. Other parts of northeastern China also experienced severe smog.

 

Visibility has reduced to only around 10 metres causing traffic jams.

 

China’s leadership is concerned about air quality because it is a constant source of public anger.

 

The smog is expected to continue for the next 24 hours.

 

This is the freeway… (spot the cars)

 

Via CTV,


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/b8Yy6TEmqbk/story01.htm Tyler Durden

Another Chinese Megapolis Shut Down By "Hazardous" Smog

Just two weeks ago we discussed the dismal smog that had closed roads and ariports around Beijing during the recent holiday. The situation has got worse, far worse, since then. As Reuters reports (and the stunning images below show), choking smog all but shut down one of northeastern China’s largest cities on Monday, forcing schools to suspend classes, snarling traffic and closing the airport in the country’s first major air pollution crisis of the winter. An index measuring PM2.5, or particulate matter with a diameter of 2.5 micrometers (PM2.5), reached a reading of 1,000 in some parts of Harbin, the gritty capital of northeastern Heilongjiang province and home to some 11 million people. A level above 300 is considered hazardous! China’s leadership is concerned about air quality because it is a constant source of public anger.

 

Via Reuters,

Users of China’s popular Twitter-like Sina Weibo microblogging site reacted with both anger and bitter sarcasm over Harbin’s air pollution.

 

“After years of effort, the wise and hard-working people of Harbin have finally managed to skip both the middle-class society and the communist society stages, and have now entered a fairyland society!” wrote one user.

 

Other parts of northeastern China also experienced severe smog, including Tangshan, two hours east of Beijing, and Changchun, the capital of Jilin province which borders Heilongjiang.

Via EuroNews,

The World Health Organisation recommends daily levels of particulate matter with a diameter of 2.5 micrometers to be no more than twenty. Anything above 300 is considered dangerous. Levels around 1,000 were recorded in some parts of Harbin. All schools were shut and the airport was closed.

 

Harbin is home to some 11 million people and lies in the northeastern Heilongjiang province of China. Other parts of northeastern China also experienced severe smog.

 

Visibility has reduced to only around 10 metres causing traffic jams.

 

China’s leadership is concerned about air quality because it is a constant source of public anger.

 

The smog is expected to continue for the next 24 hours.

 

This is the freeway… (spot the cars)

 

Via CTV,


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/b8Yy6TEmqbk/story01.htm Tyler Durden

Existing Home Sales Plunge At Fastest Pace In 15 Month As Affordability Drops To 5 Year Low

Thanks to a considerable downward revision of the magical NAR numbers, the existing home sales MoM ‘beat’ expectations for September but the two-month average shows the largest drop in sales since June 2012. From the “cylical peak” in July, of course extrapolated by any and all apologists as confirming the voyage to the moon, it seems, just as we noted, that “affordability” – long shunned by the bulls (because, like you know, interest rates are still low compare to the 1970s…) – has collapsed to five-year lows; worse, in fact, than we expected. With 33% of all transactions cash, it is little surprise that affordability has fallen to a five-year low as home price increases easily outpaced income growth.

 

 

 

From the NAR statement:

Affordability has fallen to a five-year low as home price increases easily outpaced income growth

 

 

Expected rising mortgage interest rates will further lower affordability in upcoming months.  Next month we may see some delays associated with the government shutdown.”

Just as we warned in June:

It also means that a buyer who could previously afford a $506K house with a $2,000 monthly budget at an interest rate of 2.5% will be able to afford only $316K if and when the average 30 Year fixed hits 6.5%: a 40% drop in affordability based on just a 4% increase in interest rates!


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/PRWRvmNRyl8/story01.htm Tyler Durden