Busted: Bankers and The Global Economy

August 20, 2008

What’s the Digital Economy; Does it Matter?


busted: bankers

For the past two centuries, the hallmark of the American economy has been that the United States is almost always first in inventing and implementing cutting-edge technologies. That has been true in every area from ranging from semiconductors to computers, vaccines, pharmaceuticals, automobiles, electronics, aeronautics, TV and radio, but has been diminishing. The economic and creative engine that drove world technology has been decentralized. Exploration and hard work is no longer the main focus of technology, but rather, control of what exists has become the focus of technology. Mankind has adopted a kind of fatalistic mindset of self-imposed limitations in the name of global power and influence.

Even United Nations reports find that the United States is no longer a world leader, but instead has become a follower in the development of technology. This has had somewhat of a chilling effect on the development of publicly-held technologies. World-ruling economic governments no longer hold the power they did, but have essentially relinquished the power to a fascist global corporate oligarchy in the name of expedience, money and the appearance of regional political power over people.

What makes the electronic age of computers so important as it encompasses the globe is that this technology is the means that the coming world will be ruled with. You will be tracked through the very products that you buy and the appliances that serve you via a worldwide global internet, a springboard of what you enjoy now. With that power comes the ability to monitor and ultimately control the population that ultimately must hold the technology in order to function in lockstep with the evolving scope of the new global powers.

The United States is in the middle of this transition politically and philosophically. More and more plaudits and support are given to global thinking and global authority. The new philosophies of climate control, environmental preservation, population support and monetary control are showing themselves to be a new norm in the scope of world influence. National sovereignty is being disposed of in favor of a new brand of global security.

This makes the digital economy very important and a currently misunderstood watchword for a new global movement that, in reality, is happening under our very noses. This movement is all about control of the individual in the name of securing profit and power. Every authority wants to carve out its own niche and is in process of doing so as you read this.

The application of technological change is akin to a lobster being slowly boiled on a stove. The lobster is unaware of the gradual change is its environment until it is too late. The same is true with the technological digital economy that the world is adopting as the ultimate source of connectedness. The truth is that the lobster in the pot is the privacy and freedom that sooner or later, every man and woman craves. By the time the corporate oligarchy is finished with the new system and implementation of the new global mindset, free thinkers will be under the watchful eye of power and subject to full control. This isn’t a sick or twisted conspiracy theory. This is the coming global reality, partly in place at this time.

Soon, in the name of security, you will be willing to give all nature of former rights that you have held and you will convinced be that you are doing yourself a favor. You will become safe as a ward of the State, a new global power that is ready to unfurl its influence on a largely unsuspecting world.

This digital economy involves politics, technology, government and business with the chief purpose of an orderly world built to drain the global population of every economic resource to achieve the ultimate in control and economic redistribution across the globe. It started with the central bankers nearly a century ago and they aren’t finished yet. Get ready for the digital economy coming straight to you.

This coming reality is no small thing. To the uninitiated, it seems outlandish and otherworldly. Current events and realities say otherwise. This has been the functional purpose of this blog from the beginning. Prepare to enter a brave new world sponsored by the International Society of Bankers that rule it.

July 20, 2008

EU: RFID Reduces Fraud or Promotes Fraud?

RFID technology is being promoted as the final solution to security problems. Business, ranging from security to law enforcement to banking is researching the latest and greatest new ideas and creating newer and less expensive ways to employ RFID tracking. Mostly, the process is a waiting game with wary citizens as the idea of RFID becomes accepted over time.

In the past, the government authorities in the EU have told citizens that a nationwide identification card could reduce fraud, prevent illegal immigration and combat global terrorism.

The government in Britain has admitted that it had oversold (more…)

January 27, 2008

Banks Create Risk with RFID

Filed under: banking, money, RFID, security, tracking — Tags: , , , , , , , , , — digitaleconomy @ 6:00 am

“The Halifax bank is enrolling unsuspecting customers in trials of a new generation of RFID-enabled bank cards, and trying to keep them in the program even if they have misgivings about the wave and pay technology. Halifax are cancelling peoples’ bank cards without permission and without even telling them, and forcing them to use these new cards, which as far as I know nobody has asked for.”
The Register Article 1/27/2008
“I have to input my PIN the very first time I use this ‘Paywave’ card, but after that it is automatically authorised to work for all transactions under £10”

RFID credit cards are not passive instruments. These cards send out a signal that has the potential to be intercepted, recorded and reused by technology thieves. This can easily be done on the streets when the card is in the wallet or purse. Cards in Europe, technically known as “RFID-enabled,” are always “on”. Even with banking limits, the potential risk and hassle of dealing with fraud makes these cards no bargain. Let the banking customer beware. ~E.M.

The Guardian 11/17/2005

January 24, 2008

New World Banking Planned for Finance

Filed under: banking, money, politics, RFID, security, tracking — Tags: , , , , , , , — digitaleconomy @ 8:40 am

Radio Frequency Identification (RFID) technology has the potential to impact how every organization operates and how every person runs their daily life. RFID is becoming the catalyst that transforms entire marketplaces. We are looking at the same within (more…)

January 11, 2008

The Joy of Electronic Passports

Filed under: government, money, passport, security — Tags: , , , , , , , , — digitaleconomy @ 12:00 am

passportchip.jpgThe U.S. passport is almost ready to join the digital age. After more than three years of research, discussion and the typical indecision expected, the State Department has finalized most of the technical and logistical details of new, supposedly tamper-proof passports embedded with a smart-card chip. This “contactless smart chip and antenna” is flexible enough to embed in the cover of a standard passport booklet. These electronic issue passports have supposedly been available through the U.S. Passport Website, but have not yet entered the mainstream just yet.

Proponents of the new passport say (more…)

December 16, 2007

British RFID Cards Create Concern

Filed under: banking, money, RFID, security — Tags: , , , , , , , , , — digitaleconomy @ 12:31 pm

Barclaycard has come in for criticism over its plans to automatically replace thousands of people’s credit cards with new “three-in-one” cards which include an Oyster card (London’s pay as you go transport card) and a cashless payment facility.

rfidcardswipe.jpgCertain British bankers are automatically upgrading credit cards of their customers and passing customer information like name and date of birth to Transport for London for new card creation. Best practice under the Data Protection Act requires people to have to “opt in” to having their data passed on to other organisations rather than “opt out”. Bankers are obviously ignoring “best practice”.

The Guardian 12/15/2007

November 17, 2007

Thieves Prepare for RFID Bank Cards

Filed under: banking, money, RFID, security, tracking — Tags: , , , , , , , , , — digitaleconomy @ 3:11 pm

rfidcardswipe.jpgYou can pay for small items such as a coffee or a paper with a new ‘contactless’ card. Just wave it in front of a card reader and you’re done. But, the signal it sends is an invitation to hi-tech pickpockets.

The Guardian 11/17/2007

Those attending Cartes 2007 heard of a world where criminals are already planning how to compromise the cards. The result is the same as if they put their hands into the pockets of those carrying them – and the thieves won’t even have to risk physical contact or being caught by CCTV.

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