The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies

Recognition of this urgent and grave matter is finally receiving recognition by the mainstream media. Chinese microchips have been planted within every facet of U.S. life, from the military to household PC components, as well as everyday appliances such as irons and microwaves.

Further information previously archived on Global Geopolitics can be found within the following previous posts:

The Secret Ways of Chinese Telecom Giant Huawei (2013)

Security backdoor found in China-made US military chip (2012)

 

Click for a larger animated version. (Illustrator: Scott Gelber for Bloomberg Businessweek)

 

The attack by Chinese spies reached almost 30 U.S. companies, including Amazon and Apple, by compromising America’s technology supply chain, according to extensive interviews with government and corporate sources.

In 2015, Amazon.com Inc. began quietly evaluating a startup called Elemental Technologies, a potential acquisition to help with a major expansion of its streaming video service, known today as Amazon Prime Video. Based in Portland, Ore., Elemental made software for compressing massive video files and formatting them for different devices. Its technology had helped stream the Olympic Games online, communicate with the International Space Station, and funnel drone footage to the Central Intelligence Agency. Elemental’s national security contracts weren’t the main reason for the proposed acquisition, but they fit nicely with Amazon’s government businesses, such as the highly secure cloud that Amazon Web Services (AWS) was building for the CIA. Continue reading

China Would Outlast U.S. in Trade War, Billion-Dollar Fund Says

China would outlast the U.S. in a trade war, which is a “distinct possibility” next year after President-elect Donald Trump takes office, a commentator wrote in the $1 billion Pine River China Fund’s investor letter.

China’s government would be better placed than the U.S. to marshal state resources to cushion the impact on exporters, wrote James Wang, a City University of Hong Kong professor who pens a monthly commentary for the fund. Privately-owned Chinese exporters would be worse hit than state-controlled peers because they have less political clout in Beijing, he said. Continue reading

Coming Soon To A Checkout Lane Near You: Stock Giftcards

This is tantamount to predatory sales of high interest credit cards to young college students. What’s going to be interesting is how the naïve “investors” may not realize the tax implications and are going to get hit for capital gains. What if there’s a “buy” or “sell” option for cards? The average person on the street might not know these basic fundamentals. Legal ramifications involving shareholder revolts and lawsuits could also get a little interesting for companies as well.

Are age limits still going to apply? Depending on what state you live in, the age limit is 18 or 21 for buying, selling and trading.

There’s many questions and this will definitely be something to keep tabs on. Wall Street has just entered into ‘desperate mode’.

 

As we noted this morning, in the New Normal world, the only marginal buyer of Index futures are central banks [and] when it comes to individual stocks, the biggest buyer is the company itself.

The retail “dumb money” abandoned ship long ago after watching 40% of their 401ks go up in smoke on the heels of a meltdown catalyzed by the implosion of the American home ownership dream which, thanks to the Fed and Wall Street, had been supercharged and securitized. To the extent the turmoil in September and October of 2008 didn’t drive the individual investor permanently onto the sidelines, the subsequent realization that the entire “market” is nothing but a giant casino being manipulated at every turn by greedy cabals with names like “The Cartel” finished the job.  Continue reading

‘Death cross’ patterns spread to all corners of the stock market

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Russell 2000 can’t hide from the death cross epidemic

“Death cross” patterns continue to spread through the stock market like an epidemic, even infecting market segments believed to be more insulated from overseas turmoil.

The Russell 2000 index RUT, -2.71%  of small-capitalization stocks became the latest victim among the major market indexes. The index’s 50-day moving average fell to 1,222.95 in midday trade Tuesday, crossing below the 200-day moving average (MA), which slipped to 1,224.11, according to FactSet. Continue reading