Jim,
This recent segment from "60 Minutes" is a must-see for anyone concerned with cyber attacks and threats to our national security.
If the power grid on the East Coast was sabotaged in a cyber attack, the ensuing chaos would make 9/11 look like mere child’s play. Our adversaries apparently have the capability and the U.S. is not even remotely prepared for such an event.
Watch the second half of this video carefully – or better yet, read the transcript. You’ve long been predicting a total collapse of the financial system based on the eventual collapse of the mountain of OTC derivatives and the sudden, violent implosion of the dollar.
My take on the latter portion of this video is that when that day arrives, the "blame" will be placed on one of our foreign adversaries rather than being directed at the real source of the problem. The sheeple will never know the difference.
Whoever predicted that mankind would ultimately be destroyed by his machines was onto something.
Best regards,
CIGA Black Swan
Cyber War: Sabotaging the System
Nov. 8, 2009
(CBS) Nothing has ever changed the world as quickly as the Internet has. Less than a decade ago, "60 Minutes" went to the Pentagon to do a story on something called information warfare, or cyber war as some people called it. It involved using computers and the Internet as weapons.
Much of it was still theory, but we were told that before too long it might be possible for a hacker with a computer to disable critical infrastructure in a major city and disrupt essential services, to steal millions of dollars from banks all over the world, infiltrate defense systems, extort millions from public companies, and even sabotage our weapons systems.
Today it’s not only possible, all of that has actually happened, plus a lot more we don’t even know about.
Dear Black Swan,
Those that compete with us have plans. The West has only one plan and that is bail out and make trillionaires out of the Banksters.
China will own all the natural resources. The Middle East will be getting triple figures for their oil, those that are left producing after the war.
The West has no plan for anything. The West cares more about the political show called a Health Bill than it does for national survival financially, politically and eventually militaristically.
No plan exists anywhere for anything but one thing, the Banksters becoming trillionaires.
God help us (as in serious prayer) because no one else will when push comes to shove.
That means if you are an atheist the gig is up.
Regards,
Jim
Dear LT,
It seems fitting for gold going through 1089 to 1112 with 0 days left! Next stop 1156 as it did not stop long at 1089. After that it is on to 1225.
Best,
BT
Dear Big Tatanka,
It is all happening and right on time.
Jim (LT)
Dear Jim,
Many of your readers have been educated about short-of-gold derivative clauses in the loan agreements of various gold mining companies.
How can we tell by studying company balance sheets if this pernicious form of financing is a feature of their loan agreements?
Thank you for providing your readers with this invaluable information.
Regards,
CIGA Larry K.
Dear Larry,
You ask the company if their development financing is recourse or non recourse. If it is non-recourse they have it.
Regards,
Jim
Jim,
Last night my local news mentioned gold, dollar weakness, and central bank buying of gold. First time ever! We’re on the radar…
CIGA Mad Mike
Dear Mike,
I believe contrary to the past that this is gold positive because it is the material out of which loss of dollar confidence is born on a broad scale.
Jim
