Cybergeddon: Did US help develop dangerous new computer virus?(Read article summary)
Bonner takes on "zombies" in the social security system, health care and now the Department of Defense. A new computer virus, allegedly developed by the US and Israel, has him worried about what might happen if it falls into the wrong hands.
Whatâs the latest? We donât know. We spent the last couple of days in Florida. Nobody knows anything in Florida. Theyâre all retired down there. They donât have to think anymore.
And one of the things they donât think about very much is the zombie wars. You know whatâs happening. The productive sector of our economy is being eaten alive by the unproductive, zombie sector â including many of those retirees in Florida.
Which is probably a good point to make a distinction. There are honest retireesâŚand zombies. The honest ones worked hard, saved their moneyâŚand now they live off the fruits of their own labor.
The dishonest ones live on disabilityâŚSocial SecurityâŚbailouts and government contracts. That is, they live off the fruits of someone elseâs labor.
âHold on, Bill,â we hear you saying. âYou canât condemn a person for living on Social Security. After all, we all pay into the system. Itâs not free. You have to earn it.â
Right! And weâre not condemning Social Security recipients. Weâre just pointing out that many of them are zombies. They take. They donât give. Maybe they gave enough already; maybe they didnât. We donât know. Down in Florida, itâs hard to tell the zombies from the rest of the population. They shuffleâŚthey droolâŚthey appear to be brain dead. Who knows? A zombie? Or a Republican?
âIsnât this a strange world we live in,â said our tax accountant last week. âWe have six people around a tableâŚspending hours doing something that doesnât make anyone any better off.â
He was wrong about that. But we know what he meant. We were zombie fighting. What a waste of time. At least for the productive economy and the general wellbeing of the people in it. But it is a very valuable way to spend your time if youâre being attacked by zombies! You have to fight back.
We were fighting back by using subsection 16 b, part 5, paragraphs g-lâŚagainst rule number 1,456 as applied to foregone earnings of a limited partnership that invests in unallocated, unamortized, unappealing properties subject to section 3612, as amended in the Tax Act of 1997 and re-amended in subsequent acts and deeds of which we have either lost tract or were totally ignorant all along.
Or something like that.
The zombies want more of our money. So, we use the zombiesâ own weapon â the tax code â to protect ourselves. Instead of creating wealthâŚwe are just trying to keep it away from the zombies. Neither zombie nor zombie fighter adds to the overall wealth or prosperity of the world or its people. But heck, you gotta look out for yourself.
There are two methods, or means, and only two, whereby manâs needs and desires can be satisfied: One is the production and exchange of wealth; this is the economic means. The other is uncompensated appropriation of wealth produced by others; this is the political meansâŚ
â Alfred J. Nock
In a late, degenerate system â whether it is socialism, capitalism, or whatever â half the population tries to live at the expense of the other half. In America today, they succeed. More than half the people get money from the government.
The other half is forced to spend much of its time trying to keep the zombies at bay. They hire tax accountants to help them avoid taxes. They hire estate lawyers to try to get their wealth to their heirs rather than to the zombiesâ heirs. They move from a high tax state to a low-tax state. They dodge. They duck.
But the zombies are everywhere. When they send their children to college they pay a tax to the zombies â the whole educational establishment is subsidized by the feds. Even private schools are excessively expensive thanks to the federal money pumped into the industry.
Same for health care. Every part of it is regulated, prohibited, or supported by the government. A doctor who doesnât take federal money is practically out of business. One who dares to give the best advice he can â without padding his derriere with insuranceâŚand covering it with over-testing and excessive precautions â runs the risk of bankruptcy. The tort lawyers who control congress have made sure of that. Sooner or later a patient is bound to see an ad on a cross-town bus: âDoes Your Doctor Owe You Money? Call 1-800-SHY-STER.â
And donât forget the financial industry. Bailed out by the fedsâŚsubsidized by cheap creditâŚheavily regulated â as much as a third of every dollar you send to Wall Street is consumed by the zombiesâŚrather than put to work in a productive industry.
And then, in a class of its own, is the âdefenseâ industry. The rest of the zombies are causing the economy to go to hell. The defense industry is likely to get us all sent to hell.
In addition to signing death warrants for people who have never been charged with a crime, much less ever convictedâŚthe Obama administration is now taking credit for starting what industry insiders are calling âcybergeddon.â
The US feds got together with the Israeli feds to create a computer virus which, apparently, completely disables a software system. Then, it put it out to work against a country with which neither nation is at war.
What gives? Is it now okay for groups of hackers to attack whomever they pleaseâŚwhen they please? Is Internet vandalism now US policy?
If so, you could hardly fault a collection of clever IraniansâŚperhaps with the help of Russians, Iraqis, ChineseâŚwho knowsâŚfor getting together to launch a counter-attack, could you? And you wouldnât be surprised to find that they have taken key elements of the US bug, re-engineered it, and sent it right back where it came from, would you?
A Financial Times headline tells us that âthe US will rue the dayâ it started a cyberwar. Hereâs why:
One of the enduring characteristics of superpowers is that they always find some way to destroy themselves. Hitler and Bonaparte could have remained masters of all of Europe â perhaps indefinitely. Instead, they found Russia! Japan found Pearl Harbor. And now, Barack Obama has found a new area of warfare where America is most vulnerable and where its historic advantages count for almost nothing.
As to the first point, here is a question: what would happen to you if your credit card stopped working? The ATMs donât work. You canât buy anything with a credit card; what do you do? Go to the bank? Forget it. Within hours the banks would be out of cash. You would have no means to buy food.
But so what? There wouldnât be any food to buy anyway.
Americaâs dependence on computer systemsâŚand its vulnerability to disruptionâŚwas well researched and documented in the run-up to the year 2000. The âY2Kâ problem might have brought the whole country to a dead stop.
It didnât. And now the economy is more vulnerable than it was then. If the computers stop working, the whole system breaks down. TransportationâŚshippingâŚshopping â the whole supply chain that keeps us going â stops.
What a great idea, to encourage innovationâŚand deploymentâŚof computer viruses! It is as if a person who lived in a glass house handed out rocks!
But it is worse. Because the US has huge military advantages. It is able to spend much more money than its rivals. It is able to produce more weapons. It is able to put more firepower into the fieldâŚand to blow up more buildings and kill more people.
But on the Internet its advantages are minimal. Money is important. But it is not nearly as important in computer warfare as it is in conventional warfare. This new battlefield gives Americaâs enemies an advantage. They donât have to spend $700 billion (most of it wasted on zombie bureaucracy and expensive, but useless, weaponsâŚafter all, we are in a late, degenerate period) to compete. Instead, they can put together a small, talented, focused and motivated team.
And then, your credit card will stop working.
Â for The Daily Reckoning