Global Intelligence
European politicians have voted for a suspension of an ongoing Terrorist Finance Tracking Program (TFTP), in light of recent revelations that the NSA has been spying on EU politicians, businesses, and individual citizens. The EU should suspend its Terrorist Finance Tracking Program (TFTP) agreement with the US in response to the US National Security Agency’s […]
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The world is changing rapidly. BRIC countries are building their own private internet China is now the world’s largest oil consumer Chase bank starts the first round of US capital controls (but it’s called ‘de-risking’ Meanwhile, Yuan trade expanding rapidly US Citizens giving up citizenship at record pace US Citizens cannot open Foreign Forex account […]
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More leaked documents show that the NSA spied on over 35 world leaders with the help of US officials. • Agency given more than 200 numbers by government official • NSA encourages departments to share their ‘Rolodexes’ • Surveillance produced ‘little intelligence’, memo acknowledges The National Security Agency monitored the phone conversations of 35 world […]
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Many governments and organizations are not taking the Spy Scandal lightly. BRICS countries are building their own internet. As Reuters notes: * The BRICS countries make up 21 percent of global GDP. They have increased their share of global GDP threefold in the past 15 years. * The BRICS are home to 43 percent of […]
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One of the components keeping the US Dollar as a global reserve currency was the agreement between the United States and Saudi Arabia to price oil in US Dollars. As the regions largest producer, this caused other oil producers to follow suit, and forced customers to use USD if they wanted oil. Of course this […]
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While FATCA was signed into law in 2010, many of the rules didn’t come into effect until 2013. Now many US Citizens living abroad are feeling the effects of FATCA. Also a ‘blowback’ effect has occurred, many foreign institutions not willing to deal with the complexities of the new rules have simply chosen to ban […]
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French news organization Le Monde obtained internal memos from the US National Security Agency (NSA) detailing a program known as “Genie” costing the US Taxpayer $652 Million US Dollars. A document dated August 2010 suggests intelligence stolen from foreign embassy computers ensured the US knew ahead of time the positions of other Security Council members, […]
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Many in the US may be surprised how governments and institutions react in the long term to solve the global economic crisis. Those in Asia and Europe may not be. Simply, the economy is not producing enough to cover the losses. If the US continue down this path, at some point in the future tax […]
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It should come as no surprise to those who have been following the NSA Spy scandal unfolding that regulators are passing laws to protect data from prying agencies. The Guardian reports from Brussels today: Regulations on European data protection standards are expected to pass the European parliament committee stage on Monday after the various political […]
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Intentionally or not, HR2775 passed late last night provides the US Treasury with the authority to ‘suspend’ the debt ceiling to avoid a default if the situation should arise. This has been picked up by a small amount of journalists and market participants. The NY Times notes: Did Congress just accidentally kill the debt ceiling? […]
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