2-19-2016 The struggle of our time is over whether to save the banks or the economy. In the end, the banks can’t be saved because most debts are unpayable. The United States position is, in effect, ‘They may be unpayable out of current earnings and current exports, but there’s still room to pay if you sell off the public domain to the creditors.’
So what you’re having now is a vast global foreclosure process. Creditors and bondholders are, in effect, taking payment in the form of domestic roads, transport system, communications, water and sewer systems, and similar infrastructure. I call this neo-feudalism. It’s rolling back industrial capitalism. It’s rolling back the growth in markets, imposing economic shrinkage and neo-feudalism. -Michael Hudson The New Global Financial Cold War
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The New Global Financial Cold War
Dr. Hudson discusses his paper, The IMF Changes Its Rules To Isolate China and Russia; implications of the four policy changes at the International Monetary Fund in...
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The financial sector's aim is not to minimize the cost of roads, electrical power, transportation, water or education but to maximize what can be charged as monopoly rent....What is so remarkable is that all this has been done in the name of "free markets" which financial lobbyists have re-defined as freedom from public ownership or regulation....
Central banks...create money mainly to lend to banks for the purpose of increasing the economy's debt overhead....This situation is worst in the Eurozone. The European Central Bank has authorized 1 trillion pounds to buy bonds from banks but refuses to lend anything to governments on principle, even though budget deficits are limited to only 3% of GDP....
Financial sector advocates have sought to control democracies by shifting tax policy and bank regulation out of the hands of elected representatives to nominees from the world's financial centers....Money creation is now monopolized by banks which use this power to finance the transfer of property--with the source of the quickest and largest fortunes being infrastructure and natural resources pried out of the public domain of debtor countries by a combination of insider dealing and debt leverage--a merger of kleptocracy and the world's financial centers....
The result is that today's society is indeed moving toward the central planning that financial lobbyists have long denounced. -Michael Hudson: Killing the Host, 2015, chapter 1
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Michel Juneau-Katsuya, former Asia-Pacific bureau chief for the Canadian Security Intelligence Service, said Canada’s knowledge-based, hi-tech sectors were a prime target for corporate espionage, which he estimated cost the economy about $100bn annually.
Canadian companies, the government and national security agencies were not doing enough to tackle the problem, he said.
“We have weak laws, law enforcement is ill equipped, the government does not assume leadership and, at the end of the day, the general population and business leaders aren’t aware of what’s going on,” he said. ...
Telecommunications giant Nortel Network’s 2009 collapse and bankruptcy has been linked to its targeting for years by hackers allegedly operating out of China. http://www.theguardian.com/world/2016/feb/29/canada-charged-with-selling-stolen-satellite-equipment-china
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Triads and the PLA 7-30-2014
Most importantly, as Red China began to expand its influence and operations around the globe, the Chinese triads were ready, willing and able to assist. They had ways of bringing people in to work on Chinese installations like railroads or ports. They could access cheap gold and cheap resources. That made them very attractive to the Chinese military companies spreading their wings across Africa’s resources.
This also made them valuable to the two major Chinese intelligence centres. There are several intelligence agencies in China. The official, government run intelligence agency is the Ministry of State Security (MSS) ‘Guojia Anquan Bu’ [Guoanbu]. The MSS is primarily created to perform economic espionage. The MSS' methods for economic espionage follow three models. The first is the recruitment of agents, especially scholars and scientists, in the PRC before they are sent abroad to purchase information. The second model uses Chinese firms to purchase overseas companies which own or have access to the desired technology. The third method is the direct purchase of technology through Chinese front companies. This third model was the most commonly used. The ability of the triads to extort money and extract information from the local communities made their efforts very valuable to the Guanbu.
The main thrust of Chinese intelligence is contained within the structure of the General Staff of the People’s Liberation Army (PLA). The intelligence agencies inside the Army are directly tied to the military-industrial corporations. These corporations at=re the economic backbone of China’s overseas investments.
After Mao's death in 1976, the new leadership encouraged the military plants to begin exploring civilian uses for their products and to engage in the broader liberalizing economy. The most nimble managers were free to exploit new markets for their goods. During the early 1980s, the PLA's share of the national budget declined, spurring it to look to other sources for cash, especially hard currency. The higher organizational levels of the PLA created trading companies like China Xinxing, China Poly and China Songhai to take advantage of the opening of China's economy to the international market.
They formed banks, holding companies and international trading companies like Everbright to market these goods worldwide. Now the PLA runs farms, factories, mines, hotels, brothels, paging and telephone companies and airlines, as well as major trading companies. http://gangstersinc.ning.com/profiles/blogs/chinese-organised-crime-and-africa
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1-19-2016 Although they had special access, none of the people involved (in a sophisticated car-theft ring) was a tech whiz. The key programmer they used, made by a Chinese company and able to reprogram keys for almost all makes of cars, is for sale on Amazon for $700 (U.S.)
The bigger issue is that, as cars have become more electronic than mechanical, their manufacturers fail to build strong accompanying safeguards, said Paul Kleinschnitz, general manager of cybersecurity in North America for engineering company UL LLC. “The unfortunate truth is the vulnerabilities and the means to expose them are pretty simple.”
Craig Smith, a Seattle-based “reverse engineer” who wrote a book called The Car Hacker’s Handbook, said it ought to be easy for car manufacturers to build in technology that would at least alert owners to illegal key duplication, if not prevent it.
But car companies aren’t used to thinking from the perspective of hackers, he said. “They’re not used to the constant hammering that, say, a Web server would have,” he said. “Right now, they’re transitioning to considering themselves a software company. They’re going to be attacked in a very similar manner.” ...
In the 2015 ring, investigators say there is a clear link with the Black Axe, a crime organization that originated in Nigeria and which Toronto Police revealed last year had put down roots in Canada.
http://www.theglobeandmail.com/news/toronto/how-high-tech-car-theft-became-a-billion-dollar-canadianracket/article28226997/
...................................................................................................
Michel Juneau-Katsuya, former Asia-Pacific bureau chief for the Canadian Security Intelligence Service, said Canada’s knowledge-based, hi-tech sectors were a prime target for corporate espionage, which he estimated cost the economy about $100bn annually.
Canadian companies, the government and national security agencies were not doing enough to tackle the problem, he said.
“We have weak laws, law enforcement is ill equipped, the government does not assume leadership and, at the end of the day, the general population and business leaders aren’t aware of what’s going on,” he said. ...
Telecommunications giant Nortel Network’s 2009 collapse and bankruptcy has been linked to its targeting for years by hackers allegedly operating out of China. http://www.theguardian.com/world/2016/feb/29/canada-charged-with-selling-stolen-satellite-equipment-china
...................................................................................................
Triads and the PLA 7-30-2014
Most importantly, as Red China began to expand its influence and operations around the globe, the Chinese triads were ready, willing and able to assist. They had ways of bringing people in to work on Chinese installations like railroads or ports. They could access cheap gold and cheap resources. That made them very attractive to the Chinese military companies spreading their wings across Africa’s resources.
This also made them valuable to the two major Chinese intelligence centres. There are several intelligence agencies in China. The official, government run intelligence agency is the Ministry of State Security (MSS) ‘Guojia Anquan Bu’ [Guoanbu]. The MSS is primarily created to perform economic espionage. The MSS' methods for economic espionage follow three models. The first is the recruitment of agents, especially scholars and scientists, in the PRC before they are sent abroad to purchase information. The second model uses Chinese firms to purchase overseas companies which own or have access to the desired technology. The third method is the direct purchase of technology through Chinese front companies. This third model was the most commonly used. The ability of the triads to extort money and extract information from the local communities made their efforts very valuable to the Guanbu.
The main thrust of Chinese intelligence is contained within the structure of the General Staff of the People’s Liberation Army (PLA). The intelligence agencies inside the Army are directly tied to the military-industrial corporations. These corporations at=re the economic backbone of China’s overseas investments.
After Mao's death in 1976, the new leadership encouraged the military plants to begin exploring civilian uses for their products and to engage in the broader liberalizing economy. The most nimble managers were free to exploit new markets for their goods. During the early 1980s, the PLA's share of the national budget declined, spurring it to look to other sources for cash, especially hard currency. The higher organizational levels of the PLA created trading companies like China Xinxing, China Poly and China Songhai to take advantage of the opening of China's economy to the international market.
They formed banks, holding companies and international trading companies like Everbright to market these goods worldwide. Now the PLA runs farms, factories, mines, hotels, brothels, paging and telephone companies and airlines, as well as major trading companies. http://gangstersinc.ning.com/profiles/blogs/chinese-organised-crime-and-africa
..................................................................................
1-19-2016 Although they had special access, none of the people involved (in a sophisticated car-theft ring) was a tech whiz. The key programmer they used, made by a Chinese company and able to reprogram keys for almost all makes of cars, is for sale on Amazon for $700 (U.S.)
The bigger issue is that, as cars have become more electronic than mechanical, their manufacturers fail to build strong accompanying safeguards, said Paul Kleinschnitz, general manager of cybersecurity in North America for engineering company UL LLC. “The unfortunate truth is the vulnerabilities and the means to expose them are pretty simple.”
Craig Smith, a Seattle-based “reverse engineer” who wrote a book called The Car Hacker’s Handbook, said it ought to be easy for car manufacturers to build in technology that would at least alert owners to illegal key duplication, if not prevent it.
But car companies aren’t used to thinking from the perspective of hackers, he said. “They’re not used to the constant hammering that, say, a Web server would have,” he said. “Right now, they’re transitioning to considering themselves a software company. They’re going to be attacked in a very similar manner.” ...
In the 2015 ring, investigators say there is a clear link with the Black Axe, a crime organization that originated in Nigeria and which Toronto Police revealed last year had put down roots in Canada.
http://www.theglobeandmail.com/news/toronto/how-high-tech-car-theft-became-a-billion-dollar-canadianracket/article28226997/
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