NSA Spying Was Never About Terrorism, It Is About Economic Spying

By: Sonya Sandage
17
NSA Spying

The Associated Press reported on Dec. 17th that NSA whistleblower Edward Snowden has released an “open letter to the people of Brazil.”

Since spring, Snowden has been releasing thousands of documents on the NSA program through journalists Barton Gellman at the Washington Post, Glenn Greenwald at the Guardian, and U.S. filmmaker Laura Poitras.

In his newest letter, he made a bombshell declaration.  “These programs were never about terrorism; they’re about economic spying, social control, and diplomatic manipulation.  They’re about power.” 

This is the smoking gun to previous allegations by political pundits.  Several pundits have alleged that the program was set up to arm the largest and most powerful U.S. corporations with patent information; competitor information including materials, financials, scientific research, and market data to help them maintain or gain control over markets.

Snowden’s statement also brings into sharp question the millions of dollars, lives lost, and intrusion of programs like TSA searches, the PATRIOT Act, the Afghan & Iraq wars, drone strikes, and all other actions taken by the U.S. government to fight “terrorism.”

In Snowden’s letter he made it clear to Brazil that it was the prime target of surveillance in South America.  Brazil is part of the formidable economic coalition entitled “BRICS” for member nations: Brazil, Russia, India, China, and South Africa.

German newspaper Spiegel reported that the NSA spying includes total surveillance of international financial flows.  The program is called “FTM” for “Follow the Money.”   The program collected 180 million records in 2011 alone.  84% of the data is credit card transactions.  http://www.spiegel.de/international/world/spiegel-exclusive-nsa-spies-on-international-bank-transactions-a-922276.html

In a more stunning revelation, the Dec. 12 “Report and Recommendations of The President’s Review Group on Intelligence and Communications Technology” stated the government is changing the amount in (presumably foreign) bank accounts.

Recommendations from page 221 of the report;

(1)   Governments should not use surveillance to steal industry secrets to advantage their domestic industry;


(2)   Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts –or- manipulate the financial systems.

The entire report to the President is here: http://www.whitehouse.gov/sites/default/files/docs/2013-12-12_rg_final_report.pdf

A 2008 paper by Arindrajit Dube, Ethan Kaplan, and Suresh Naidu found evidence that the CIA and/or members of the Executive branch either disclosed or acted on information about top-secret authorizations of coups.  Stocks in “highly-exposed” firms rose more in the pre-coup authorization phase than they did when the coup was actually launched.  Basically they were saying the gathered intelligence is used to “front-run” markets.  http://econweb.umd.edu/~kaplan/coups.pdf

 

Here’s how their dataset was developed:

       “We selected our sample of coups on the following basis: (1.) a CIA timeline of  events or a secondary timeline based on an original CIA document existed,

        (2.) the coup contained secret planning events including at least one covert authorization of a coup attempt by a national intelligence agency and/or head  of state, and       

        (3.) the coup authorization was against a government which nationalized  property of at least one (1) sufficiently exposed multinational firm with publicly traded shares.”

Now that Mr. Snowden has released his latest statement, the objectives of “economic spying, social control, and diplomatic manipulation” will possibly be thwarted to some degree.  Reaction from diplomatic partners is still forthcoming, as no Embassy or Ambassador has released a public statement in response to this latest Snowden revelation.

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Sonya Sandage

Sonya Sandage is a financial industry professional, and has worked for the nation's largest banks and investment wirehouses for 12 years as Private Wealth Manager. Originally from Florida, and a graduate of UF, she now resides in Washington, DC. Her goal is to get more Americans interested and engaged in their nation's governance.

  • alm3texas

    Good Luck with convincing anyone of this! Gerald Celente had his $$$$$ stolen from MF Global as “they” knowingly and openly used “Customer’s Funds” for their manic derivatives schemes…..John Corzine, people, remember him…..Living it up anywhere but jail……Remember, if you have “CASH” (on paper that is) in a “bank” then it really isn’t YOUR money…..Put it in….they love you….Try and take out more than $9,999.99 and you get “reported” to the IRS, you untrustworthy bum!

    • Not Bob

      Actually every single transaction is reported to the IRS, the 10k limit is an old number, in the modern day of total awareness every single transaction is reported.

  • hsmom2004

    An important correction. The “S” in BRICS is not the continent of South America, it is the country of South Africa.

  • Rework Oh Ryan

    Last I checked, Brazil was part of South America. It should be RICS.

    • David

      South Africa ;)

      • Rework Oh Ryan

        Lol, facepalm.

  • Juan

    You all are just now figuring that out? It’s been on THEIR website for over a year now (nsa.gov) that their efforts are supposed to be “overarching” and to give INFORMATION SUPERIORITY and a strategic advantage to “policymakers, BUSINESSES…..” for “FULL SPECTRUM DOMINANCE” What else can you take from those blatant statements?

    http://www.nsa.gov/ia/programs/global_information_grid/index.shtml

    • Mario

      You understand that this post was intended to enlighten the masses still unaware of what’s really going on out there, and not for us, the awakened. It is VERY saddening to see how many “zombies” are still living in denial, believing the american government’s bull shit, all blinded by an american patriotism and holding on to an ancient image imprinted in their memory of what used to be A FREE AMERICA, making them oblivious to whatever wrong their government does to them. There is none so blind as those who will not see. THAT, my friends, is saddening! A canadian friend.

  • https://www.facebook.com/pages/Liberty-Above-All/152353438273739 LibertyAboveAll

    How long before the rest of the world bands together and comes after the United States over the egregious actions of our misguided, behemoth government?

    • Toggle Switch

      not much longer…..

    • Not Bob

      I think the replacement of the US Petro-dollar with the Chinese Petro-Yuan will be the backlash that the world will use against us. That day is coming and we will pay the price as a nation for it !

  • Not Bob

    Have you considered that it is also political, they have dirt on every single political figure out there, most politicians are not the cream of humanity and usually have some nasty skeletons in their closet, they have been gathering it for a long time and have certainly influenced votes in congress by way of political blackmail. Those who refuse to go along are shown the door like Gen. Petrreus was !

    • andrewp111

      J Edgar Hoover did this long before the mass tapping of phones was possible. He even blackmailed Presidents. There is nothing new here.

  • Don’t be a Dick Morris

    I don’t have a problem with them out spying China, and Russia.

  • http://www.anarchocapitalism.us/ Ethan Glover

    All of these institutions to include government period won’t last long on their mafia tactics.
    ——————————————-
    Anarcho Capitalism

  • Daniel Ros

    Its about enslaving the population. Its about us all.

  • andrewp111

    Spying on foreign countries, companies, political movements, armies, and yes terrorists are all part of what the “intelligence community” is supposed to be doing. That is its job. Domestic spying is problematic, but foreign spying is not. Cracking codes and electronic intercepts of foreign entities is why the NSA was created in the first place.