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Washington Post Article Identifies FED Chairman as #2 in Power

“No Establishment author comes out and says this: ‘The Federal Reserve System possesses complete federal sovereignty, yet is beyond the power of any branch of government. It is legally more independent than the CIA. This is a great thing. Democracy has its limits, and should not be defended as a universally legitimate system of government.’ This is in fact what the entire American Establishment believes, but never, ever says in public. The Establishment says ‘independent,’ not ‘anti-democratic.’ They figure that the rubes — voters — will not catch on. They assume correctly.” Continue reading →

Ron Paul: Internet Sales Tax Could Crush Small Businesses

“It is amazing that some of the same conservatives who rightly worry over Obamacare’s effects on job creation and economic growth want to impose new taxes on the most dynamic sector of the economy. The main proponents of this bill are large retailers and established Internet business. Big business can more easily afford to comply with a national Internet sales tax. In many cases, they are large enough that they already have a ‘physical presence’ in most states and thus already have to collect state sales taxes. These businesses are seeking to manipulate the political process to disadvantage their existing and future small competitors.” Continue reading →

Former FBI agent pleads guilty to leaking secrets to the Associated Press

“In investigating the leak, authorities obtained two months of phone records of reporters and editors at AP at several offices, covering 20 separate phone lines, defense lawyers said. Although Obama had promised openness when he entered office, his administration has pursued an unprecedented crackdown on leaks from government employees, attempting more prosecutions under the 1917 Espionage Act than all previous administrations. John Kiriakou, a former Central Intelligence Agency officer, was charged with leaking secrets after he gave an interview to ABC television describing the use of water boarding in interrogations of terror suspects under the Bush administration.” Continue reading →

‘Internet makes global snooping possible, but harder to hide’

“Alan Rusbridger keeps a memento of the most bizarre thing that’s happened to him during his journalism career. The Guardian editor carries a piece of the smashed MacBook circuit board destroyed at the order of British intelligence agents during their investigation into the newspaper’s reporting on the U.S government’s massive worldwide spying operations. ‘I think it’s a rather sinister reminder of the intersection of states and journalism,’ Rusbridger told Democracy Now on Monday.” Continue reading →

30,000 people can access Ohio driver’s license database with no oversight

“Ohio allows thousands of police officers and court employees to access driver’s license images online without oversight, by far the nation’s most permissive system. A recent Cincinnati Enquirer/Gannett Ohio investigation found the state permits 30,000 law enforcement officers and others to search the image database, which Attorney General Mike DeWine admitted last month had been uploaded in June without telling the public or reviewing security protocols. The Republican attorney general said similar technology was used by law enforcement in more than half the U.S., but the Enquirer’s report showed the technology is far more limited elsewhere.” Continue reading →

iPhone 5S fingerprint reader manages to remain secure for almost 3 days

“Germany’s Chaos Computer Club says it has cracked the protection around Apple’s fingerprint sensor on its new iPhone 5S, just two days after the device went on sale worldwide. In a post on their site, the group says that their biometric hacking team took a fingerprint of the user, photographed from a glass surface, and then created a ‘fake fingerprint’ which could be put onto a thin film and used with a real finger to unlock the phone. The claim, which is backed up with a video, will create concerns for businesses which see users intending to use the phone to access corporate accounts.” Continue reading →

You Won’t Believe What’s Going On with Government Spying on Americans

“Revelations about the breathtaking scope of government spying are coming so fast that it’s time for an updated roundup.” Continue reading →

Bitcoin Securities Exchange Shutters, Cites Regulatory Environment

“BTC Trading Corp (BTC-TC) announced that it will close all trading by October 7, two weeks from today. BTC-TC is one of the largest bitcoin securities exchanges, responsible for 101,000 BTC ($12M) in deposited securities and 2,900 BTC ($350K) in daily volume. The company’s notice cited ‘recent changes in the virtual currency regulatory environment’ as the reason for shuttering operations. Also closing is LTC-Global, a litecoin-denominated securities exchange also run by Ethan Burnside, the same operator as BTC-TC. All trading was temporarily halted and order books were cleared after the announcement was made at 5am EST.” Continue reading →