In the Autumn of 1999, I joined a Hong Kong friend for the amazing “K98” train trip from Hong Kong north through the heart of China to Beijing, just in time for the 50th Anniversary celebration of the People’s Republic of China. It was my version of Paul Theroux’s “Riding the Iron Rooster,” and the images of China at that time still stick in my head. Since then China has changed so dramatically that those images no longer exist. Since Deng Xiaoping declared that “getting rich is glorious,” and China’s growth has skyrocketed, China’s domestic and international problems have also multiplied.
Anonymous, the murky global and leaderless hacking group has struck out on a campaign to disrupt ISIS’ sophisticated use of the Internet and social media. It claims to have disabled over 11,000 identified ISIS Twitter accounts with looped Rick Astley videos. For those of you not familiar with Rick Astley, he was a 1980’s British pop star of limited talent, whose videos are sometimes painful to watch. For unknown reasons, Astley’s videos have been used in a variety of online pranks and hacking incidents. So Anonymous did the convenient thing and used old Astley videos, a tactic now known as “RickRolling”, to disrupt and confound ISIS Twitter and other social media accounts. I like it. Striking back in this way is probably causing smiles in the French Intelligence Service, U.S. Defense Department, NSA, and GCHQ in the UK.
Years ago as a young buck, I sat on the university commons grass and pondered WTF it was all about. I made an immediate decision that I no longer cared what others thought of me. My mind would only be focused on things that were important to me. Secondly, I questioned the strict educational requirements for a degree and determined that I would focus on learning only from the very best professors on campus, and let the degree qualification chips fall where they may.
It appears that international banking fraud and market manipulation continues unabated. The newest scandal brewing involves Swiss, British and American banks manipulating foreign currency exchange rates. The LIBOR fraud scandal has apparently done nothing to improve the ethics of the global financial services industry.
Less than two weeks ago I posted on this blog the revelation that banking authorities in Switzerland had opened an investigation into foreign exchange (arbitrage) fraud by Swiss banks. My report went on to say that the investigation was uncovering implications of broader involvement of banking institutions outside of Switzerland. Today, the Financial Times in London published an explosive article naming 15 global banks now implicated in the expanding investigation of global foreign exchange fraud and manipulation.
An entirely new global financial scandal is swirling in the world of arbitrage. This follows…
We are all now hearing and reading about Edward Snowden, who is now at the center of a global political firestorm, caused by Snowden’s decision to reveal the NSA’s PRISM surveillance program, and its increasing encroachment of personal privacy. Snowden’s revelations have now also entangled the UK’s GCHQ, the secret intelligence gathering arm of MI6 in Cheltenham, Gloucestershire which has also been sharing similar snooping with the NSA. A former U.S. National Security Administration contractor, Snowden was actually employed by Booz Allen Hamilton, a global management consultancy firm. Snowden’s situation should give us all pause to consider the Brave New World we have entered with zettabytes (1 Million Terabytes) of Big Data, and the uses of it.