Showing posts with label Bill Gates. Show all posts
Showing posts with label Bill Gates. Show all posts

Tuesday, May 8, 2018

Bill Gates Warns Of An Apocalyptic Nightmare: 30 Million DEAD


Billionaire Bill Gates says he’s trying to prevent an apocalyptic nightmare – one which he says could kill 30 million people in 200 days. He says the scariest recurring nightmare is a global pandemic, triggered by a bio-terror attack, and he’s trying to reach out to new National Security Adviser John Bolton about a vaccination plan he believes can prevent it.


Gate doesn’t believe a bioattack would prevent all loss of human life, but he thinks a massive vaccination effort could mitigate its catastrophic effects. Gates says the U.S. government is falling short in preparing the nation and the world for the “significant probability of a large and lethal modern-day pandemic occurring in our lifetimes.”



But not any vaccine is 100% effective, and some are straight up death traps; a game of Russian roulette if you will. But to billionaires like Gates, our lives and health don’t really matter at all. He has the means to survive, so he isn’t concerned about what we inject in our bodies – pandemic or not. It’s quite obvious he’s on a fear-mongering propaganda campaign for vaccine manufacturers. In fact, Gates made a presentation on his fears last week to the Massachusetts Medical Society.


The Microsoft co-founder now leads a foundation on global health and he said he briefed President Donald Trump, who encouraged him to follow up with top officials at the Health and Human Services Department, the National Institutes of Health, and the Food and Drug Administration. Gates believes that like the last major pandemic one that occurred 100 years ago in 1918 and saw the influenza virus kill as many as 100 million worldwide, another is right around the corner.


Gates says only the U.S. has the resources to prevent it, though it will require an organized global plan – one that currently does not exist. And what he wants, is a massive forced vaccination campaign.  Vaccines alone are sometimes bigger killers than the diseases they allegedly prevent.


From the US government’s own website:


As of March 31, 2018, there have been more than 89,355 reports of measles vaccine reactions, hospitalizations, injuries and deaths following measles vaccinations made to the federal Vaccine Adverse Events Reporting System (VAERS), including 445 related deaths, 6,196 hospitalizations, and 1,657 related disabilities. Over 60% of those adverse events occurred in children three years old and under. –VAERS (Vaccine Adverse Events Reporting System)


By comparison, how many have died from the measles? Again, from the US government’s own websites:


Measles has killed one person in 2015, and before that, one died in 2003.  So two measles deaths have occurred since 2003 from the actual infection, but the vaccine has killed 445.


But Gates doesn’t care what you want and what the numbers say, he wants everyone vaccinated. And if he’s got to play on fear to get it, he’s going to: it’s king the MO of globalists. Gates believes that if a highly contagious and lethal airborne pathogen like the 1918 influenza were to take hold today, nearly 33 million people worldwide would die in just six months, Gates noted in his prepared remarks, citing a simulation done by the Institute for Disease Modeling, a research organization in Bellevue, Washington.


Besides a massive vaccine push, Gates has other ideas about preparing for the worst. “So, we need to invest in other approaches, like antiviral drugs and antibody therapies that can be stockpiled or rapidly manufactured to stop the spread of pandemic diseases or treat people who have been exposed,” he said in his speech. Of course, Gates’ nightmare is not even a worst-case scenario. Another leading flu expert says the next one could easily wipe out 300 million worldwide.


What about boosting immunities naturally in preparation for a pandemic? Gates seems to think the best way is to spend money on government approved vaccines or drugs.


At the end of the day, we should all be free to make our own decisions about whether or not we want to be injected with vaccines. It’s easy to see the government is pushing them on us, but that just makes some even warier.

Monday, April 23, 2018

Total Control: New Measures Toward Global Totalitarianism


For those who have read “1984” by George Orwell, it is almost prophetic in its depth and accuracy. The reason that the warning has not been heeded is that change takes place with glacial slowness. Sometimes the changes take so long they dull the senses and we become inured to “more bad news,” or we just discount it continually. No matter what our reaction, the march toward global totalitarianism proceeds, with or without our consent or even our attention.


The slow march is deliberate. The reason for this is simple. The generation/group of people between the ages of approximately 40 to 60 are of an age who still have a sense of nationalism and grew up/experienced their formative years without that complete socialist indoctrination inflicted upon the youth of today. For the youth, there is no escape from it on their own, because they have no point of reference with which to identify and compare it to what has been forced upon them now by indoctrinators (termed “educators”). The new “all for the communal hive” mentality has been crafted by those in power and carried out by teachers.


So, a deliberate and systematic “ratcheting” up and down of the speed Wcof changes (the institution of new totalitarian controls) varies. Those in power need to eliminate those between 40 to 60 years old, or “engulf” them by numbers of the new manipulated youth and then just “vote” them out of effectiveness. The “Tyranny of the Majority” perfected to an art form. Obama couldn’t finish the job in 8 years…but the sporadic ratcheting just took a new twist.


It was reported that Bill Gates is joining a group of investors for an initial investment of about $1 billion dollars. They are going to back a company based in Seattle, WA called EarthNow that will endeavor to emplace 500 satellites above the Earth. 


When the emplacement is complete, every inch of the globe will be able to be surveilled in real time. 


The Daily Mail wrote a good piece on it on 4/19/18 that seemed to run unnoticed. A few other networks picked it up and reported on it, with the most summarized version being a piece entitled “Surveillance of Entire Earth, Big Brother Satellite Army,” by Battle For World.


EarthNow will provide this complete surveillance to “high value enterprise and government customers,” in other words: Mega-Corporations and Government.


There’s more afoot. The article, “Compulsory Biometric ID Announced by European Commission,” by Virginia Hale came out on 4/17/18. Here’s an excerpt:


“The European Commission has announced plans to make biometric ID cards compulsory across the bloc which will allow authorities to bar “terrorists and criminals” from accessing money and other services. Plans to introduce mandatory ID cards across all 28 EU member states — including Britain — have been in development for more than two years in Brussels as part of the Commission’s goal of building an effective “security union”, Die Welt reports.


Set to be equipped with data including the holder’s fingerprint, the cards would be designed to tackle identity fraud and make it harder to falsify documents, according to Migration, Home Affairs and Citizenship Commissioner Dimitris Avramopoulos.  “We have to tighten the screws until there is no room left for terrorists or criminals and no more means for them to carry out attacks,” he told the German newspaper on Monday.  “This means that they must be barred from accessing money, counterfeit documents, weapons and explosives, and at the same time prevented from being able to cross our borders undetected.”


Tightening the screws, eh? But none of those measures will restrict the true criminals…the “partners” of national governments…who access money, counterfeit documents, weapons, and explosive…they do the same things they claim to be “preventing.” All in the “interests of public safety,” and all under the Color of Law, at the expense of the citizen-beeves.


Think this isn’t coming here, to the United States? Think again. The biggie that they want now is the DNA. If you recall, I wrote a piece last Fall that mentioned how the Baltimore Ravens Football Administration tried to give out “free DNA kits” on opening day to fans. It was stopped in the “interests of public health” where the fans would have swabbed their mouths and dropped it in a vial…all to “find out their ancestry,” etc. Not quite. They wanted to see if people would voluntarily give away their DNA.


Myriad Genetics (the “inventors” of the Brica system of breast cancer detection) tried to patent genes they collected, and the courts struck it down. Little by little, the paradigm shifts, however, and recently you’ve been hearing some “murmurs” about DNA information for both ID cards (Driver’s Licenses, for now) and to obtain a firearm…as it is mandatory in some states already to submit biometric information prior to purchasing a pistol or rifle.


On 4/12/18, an article came out entitled “Estonia offers free genetic testing in nationwide experiment,” by Jari Tanner of AP, and here’s an excerpt:


“Estonia has started offering residents free genetic profiling in a nationwide experiment aimed at minimizing risks for typical diseases and encouraging a healthier lifestyle through personalized data reports.  Lili Milani, a researcher with the Estonian Genome Center at the University of Tartu, said Thursday the scheme kicked off in March and will initially cover some 100,000 volunteers in the Baltic country of 1.3 million. Participants are required to donate DNA samples from blood and give consent to storing their data to the Estonian Biobank, which has collected health records and biological samples from Estonians since 2000.”


Do you like that one? “Required” and “give consent” for storing their data, as if it’s a service. The Estonians have been giving samples to a biobank that has been actively collecting physical samples for the past 18 years.


This is to obtain a DNA “fingerprint” from everyone. It is a worldwide collection activity taking place right under our noses and before our eyes.


As you can see, they’re pushing their “family-friendly” activities more and more…using the “voluntary” trick at first…but eventually it will become mandatory. It already happens in the U.S. When you have a surgical procedure or operation they take tissue and blood samples and save them in a repository, ostensibly to “compare with later tests,” etc., etc. The samples are frozen and kept by labs who have genetic repositories, such as Myriad Genetics.


So, Bill Gates and his allies are going to emplace a global surveillance system of satellites, biometric IDs are being pushed and finalized for all of Europe, and genetics collection facilities are in “overdrive” worldwide. See the writing on the wall and don’t ignore it. They are moving toward global governance in every nation. Orwell is no longer alive, but his writings were a warning for all of mankind that we would all do well to heed before it’s too late.

Sunday, April 15, 2018

Bill Gates warns of another financial crash as bad as the 2008 Great Recession

Microsoft founder Bill Gates has warned the US will face another financial collapse on the same scale as the 2008 recession


Bill Gates has warned the United States is headed for another financial meltdown on the scale of the 2008 recession.


The billionaire Microsoft founder, 62, gave the stark prediction during an ‘Ask Me Anything’ Q&A on Reddit last week.


When asked if he thought the US would be hit by another major financial crisis he replied: “Yes. It is hard to say when but this is a certainty.”


The 2008 financial crisis was triggered in the US over problems in the country’s subprime property market and then grew into a devastating global recession.


Via The Sun


Featured Image: Masaru Kamikura/Flickr

The post Bill Gates warns of another financial crash as bad as the 2008 Great Recession appeared first on Intellihub.

Sunday, March 4, 2018

Bill Gates Says Cryptocurrency Is “Killing People” — Is He Right?

bill gates(ANTIMEDIA) It’s been an embattled year so far for Bitcoin and the cryptocurrency world in general. The start of the year saw a precipitous drop in Bitcoin value, marking somewhere around blockchain’s 250th death. Then, numerous financial institutions, government regulatory agencies, and elite moguls rubbed salt in the wounds with a series of rhetorical attacks aimed at discrediting cryptocurrency and dismissing it […]

Monday, December 4, 2017

Time Reveals Its "Person Of The Year" Finalists

Time Magazine has released its list of finalists for 2017"s "Person of the Year" issue - and what a list it is.


After Trump criticized Time for informing him that he was in the running to win "Person of the Year" for the second year in a row - an honor last achieved by former President Richard Nixon, who was named man of the year in 1972 and 1973 - it appears Trump was right once again: He is one of 10 contenders for the honor released to MSNBC - even though editors at Time claimed the phone call never happened (though how else would Trump have known he was in the running, other than a lucky guess?).


The other names on the list are: Amazon CEO and world"s richest man Jeff Bezos, the #MeToo movement, Kim Jong Un, Xi Jinping, Crown Prince Mohammed Bin Salman, Colin Kaepernick, the dreamers, Robert Mueller and Patty Jenkins (Jenkins directed the Hollywood blockbuster "Wonder Woman").



Of the names on this year"s list, only Trump and Bezos have won the honor before (Bezos won it in 1999 at the height of the tech bubble.


The competition this year is pretty intense. If the criteria for winning was solely number of headlines in US media, Trump would easily have a lock. His first year in office was marked by the president"s constant feuding with Democrats, Republicans, professional athletes, gold star families...the list goes on.


Kim Jong Un, one might argue, deserves the nod for the outsize impact he"s had on the national psyche in the US, given that he"s the leader of an impoverished nation of 25 million people.


However, in terms of sheer political influence, Xi Jinping would probably deserve the honor. By having his name written into the Chinese constitution and appointing a Politburo with no obvious successor, he has guaranteed himself another five year term after his current term ends. He has also consolidated power over a nation of 1.3 billion people - the largest country on the planet.


Bezos led Amazon through several high-profile acquisitions that saw the company enter the grocery business. The massive appreciation in Amazon"s share price has also helped push Bezos"s net worth north of $100 billion, making him the first American to reach that threshold since Bill Gates back in the late 1990s.


The #MeToo movement has led to unprecedented upheaval in industries - particularly in entertainment and media - as women have come forward to share their stories of sexual harassment they experienced at the hands of powerful men. Time has selected classes or groups of people for the honor before - back in 2014, "person of the year" went to the Ebola fighters.


MbS has orchestrated a "corruption crackdown" purge that brought his most powerful rivals to their knees. It is rumored that his father, King Salman, will soon step down, relinquishing power to the 32-year-old crown prince.


And finally, what list of anything is 2017 would be complete without Colin Kaepernick.



Should Trump win, he would become the eighth US president to win the honor twice. Time has been running the feature since 1927.


The winner will be named later this month, when the special "Person of the Year" edition of the magazine is released.









Sunday, November 26, 2017

Mapping The Richest People In The World

A few weeks ago, HowMuch.net detailed the richest person on each continent. Today, we take this one step further to show you the richest person in each country, according to Forbes.




First off, Bill Gates is not on our list. Why? Because Jeff Bezos is officially worth more than him. Amazon has made some recent high-profile business decisions, including the acquisition of Whole Foods and announcing a competition for the location of a second headquarters. Bezos’ fortune is specifically tied to the price of Amazon’s stock. He’s been in first place and fallen behind Mr. Gates before, but for now, he remains in the top spot. Carlos Slim Helu ($61.9B) and David Thomson ($26.9B) round out the continent, although we should mention the richest billionaire in the Caribbean too: Jacky Xu, who made his money in the apparel industry.


Turning to Europe gives us a more diverse group of billionaires from a wide range of industries.




Amancio Ortega from Spain takes the top spot with a fortune of almost $75 billion, followed by Bernard Arnault at just under $63 billion. These two men are in the top the five richest people in the world. We should note that the countries in what used to be Yugoslavia are missing from our list, as are many places in Eastern Europe. These economies still have a long way to go before they produce ultra-rich billionaires.


The situation in the Middle East and Asia reflects the industries dominating these local economies.



Source: HowMuch.net


Russia’s richest person, Alexey Mordashov, made his fortune in steel and investments, while the richest tycoon in Kazakhstan, Vladimir Kim, made his money in mining. China’s and Japan’s wealthiest billionaires both made their way through technology companies, and Philip Ng from Singapore made his money through real estate. Interestingly, the countries west of China stretching toward Syria don’t have any billionaires on our list.


About half the countries in South America are rich enough to produce multi-billionaires, three of whom come from the finance and banking industries.




Jorge Paulo Lemann is the richest among the group with a net worth of almost $30 billion. He made his money by investing in breweries, which through a series of mergers and acquisitions became AmBev.


The situation in Africa is telling.




Only eight people make our list of billionaires, many of whom come from old industries like construction, diamonds and food. Only two people are from the banking and investment industries. Most importantly, look at all the countries with a light shade of green. Our map indicates at a quick glance how far Africa needs to go in terms of developing its economies.


Oceana contributes four people to our list, and they all have more than $10 billion through a variety of industries.




Budi Hartono for instance boasts a fortune of $11.5 billion and has a background in banking and tobacco, and Gina Rinehart ($16.8B) from Australia made her money in mining.


*  *  *


Take a look at our list breaking down the ten richest people in the world regardless of where they live, together with their estimated net worth ($ billion), how they made their money, and where they live.


1. Jeff Bezos: $95.1B - Amazon.com in United States ($100.3 Billion as of Friday)


2. Amancio Ortega: $74.4B - Zara in Spain


3. Carlos Slim Helu: $64.9B - Telecom in Mexico


4. Bernard Arnault: $62.9B - LVMH in France


5. Ma Huateng: $43.4B - Internet media in China


6. Mukesh Ambani: $39.2B - Petrochemicals, oil & gas in India


7. Li Ka-shing: $33.8B – Diversified endeavors in Hong Kong


8. Maria Franca Fissolo: $30.2B - Nutella, chocolates in Italy


9. Jorge Paulo Lemann: $30.1B - Beer and Brazil


10. Beate Heister & Karl Albrecht Jr.: $29.2B - Supermarkets in Germany



Consider this fact. If you add together the fortune of these ten people, you’d have over half a trillion dollars. That’s a ton of money, and the big lesson is that billionaires can come from a variety of different industries. But once again, what’s the missing continent with the furthest to grow? Africa. 









Friday, November 24, 2017

George Soros" $18 Billion Tax Dodge Exposed

Authored by Stephen Moore op-ed via The Wall Street Journal,


The wealthy have tucked billions into private nonprofits... where the IRS can’t touch it.



Congress is still scrambling to find ways to pay for its tax cut, so perhaps it should pay closer attention to last month’s news that George Soros had transferred $18 billion of his fortune to a private charity that he controls. There it will be sheltered from the Internal Revenue Service forever. This may be the single biggest tax dodge in U.S. history, yet no one on the right or left seems to have raised an eyebrow.


True tax reform is predicated on the principle that all income should be taxed at a low rate once, and only once. But much of the wealth that Mr. Soros spent years moving into his Open Society Foundations will never be taxed. A gift of billions of dollars of appreciated stock escapes any capital gains tax, and the estate tax as well. So Mr. Soros can donate appreciated stock that Open Society Foundations can liquidate without the government ever taking a cut.


There’s more. When a person donates untaxed, appreciated assets to a private foundation, he may also deduct up to 20% of its market value on his personal return, carrying forward this deduction for five years. This double write-off may be the sweetest deal in the tax code.


The donors also can retain control of the money within the private foundation for years or even decades before it is disbursed. Since the foundation can employ family members at six-figure salaries for life to “administer” it, the umbilical cord to the donor never has to be cut.


Congress should stop ignoring this tax-avoidance scheme. The super rich have already poured hundreds of billions into private foundations, but the figure could soon be in the trillions. Mark Zuckerberg has pledged to give away 99% of his Facebook shares, currently estimated to be worth somewhere around $70 billion, and much of it will go to a foundation his family controls. Bill Gates and Warren Buffett have each put roughly $30 billion tax-free into the Bill and Melinda Gates Foundation. This has left the foundation so flush that it spent $500 million on a 12-acre, 900,000-square-foot office complex in Seattle for its 1,500 employees. This is philanthropy?


I don’t question these billionaires’ right to do with their money as they wish. I’m simply arguing that Congress shouldn’t let the rich and politically powerful use private foundations to escape taxation. This loophole is one reason for an anomaly in our otherwise progressive tax code: The top 1% of earners pay an effective tax rate of 23%, but the top 0.001% pay only 18%.


Mr. Buffett has sanctimoniously denounced the fact that he pays a lower effective tax rate than his secretary. His suggestion is that Congress raise taxes on capital gains. But even if the tax rates were lifted, say, to 50%, Mr. Buffett still wouldn’t have to pay it on the tens of billions of dollars he puts into private foundations, and he would still be able to deduct a fifth of that contribution on future tax returns.


This tax favoritism might be defensible to promote genuine philanthropic activities.


Many billionaires, such as the Gateses and David Koch, have heroically donated to fight cancer and malaria or provide relief to hurricane and earthquake victims.


But others, including Mr. Soros and Michael Bloomberg, have turned private foundations into massive de facto lobbying operations for bigger government and liberal causes like higher minimum wages, gun control, universal health care, and a carbon tax. Mr. Soros’s $18 billion gift alone is the equivalent of maybe 100 Heritage Foundations. This kind of weaponized philanthropy has the potential to undermine the American free enterprise system.


Yes, billions go to groups on the right, too, from Mr. Koch and others. But regardless of ideology, why shouldn’t tax be collected before the money is given away? What message does it send that the Republican tax-reform bills retain this trillion-dollar loophole for the super rich, at the same time as the House plan eliminates the adoption credit for middle-class families who want to help children?


One simple solution would be for Congress to apply the capital-gains tax to assets of more than $1 million before they are transferred to a charity. This could even finance cutting the capital-gains rate to 15% for everyone.


Alternatively (or perhaps in addition) Congress could cap deductions for any given household to $250,000 a year. Under this kind of plan, Mr. Soros would be able to write off only a tiny fraction of his multi-billion dollar gift.


This isn’t an argument against charity. But selfless and effective giving is not motivated by tax breaks. Two-thirds of Americans don’t itemize their deductions, yet millions give until it hurts. In the 1980s, individual donations to charities surged, even as the top tax rate—and thus the maximum value of the write-off—fell from 70% to 28%.


The question is whether a tax code that encourages dynastic family foundations is good for America. If Congress stopped letting billionaires pour money tax free into the foundation-industrial complex, it would go a long way toward lowering rates and making the tax code fairer for everyone. This would help the economy grow faster, which is the best way to help those in need.


 









Wednesday, November 15, 2017

‘The Atlantic’ Commits Malpractice, Selectively Edits To Smear WikiLeaks

Originally published on Medium by Caitlin Johnston (@Caitoz). This must-read rebuke of "The Atlantic" republished with permission.


—–


‘The Atlantic’ Commits Malpractice, Selectively Edits To Smear WikiLeaks



Everyone was buzzing about the shocking, bombshell new report by The Atlantic yesterday, which revealed that Donald Trump Jr. and the WikiLeaks Twitter account had engaged in a “largely one-sided” conversation in private messages over the course of several months.


Don Jr. actually comes off looking fairly normal in the report, while WikiLeaks comes off looking weird and sleazy in a way that will likely damage its reputation even further than the mainstream media campaign to smear the outlet already has. WikiLeaks is seen asking for favors Trump never fulfilled, making recommendations Trump Jr. didn’t act upon, and asking for leaks Trump Jr. never gave them, which when you step back and think about it are actually fairly normal things for a leak outlet to do, all things considered. But the following passage from the Atlantic report makes the whole thing look far darker:


It is the third reason, though, Wikileaks wrote, that “is the real kicker.” “If we publish them it will dramatically improve the perception of our impartiality,” Wikileaks explained. “That means that the vast amount of stuff that we are publishing on Clinton will have much higher impact, because it won’t be perceived as coming from a ‘pro-Trump’ ‘pro-Russia’ source.”



See that full stop at the end of the last sentence there? That’s journalistic malpractice. We learned this when Donald Trump Jr. published the entirety of his private messages with WikiLeaks in response to the Atlantic article:






The author of the Atlantic article, Julia Ioffe, put a period rather than a comma at the end of the text about not wanting to appear pro-Trump or pro-Russia, and completely omitted WikiLeaks’ statement following the comma that it considers those allegations slanderous. This completely changes the way the interaction is perceived.


This is malpractice. Putting an ellipsis (…) and then omitting the rest of the sentence would have been sleazy and disingenuous enough, because you’re leaving out crucial information but at least communicating to the reader that there is more to the sentence you’ve left out, but replacing the comma with a period obviously communicates to the reader that there is no more to the sentence. If you exclude important information while communicating that you have not, you are blatantly lying to your readers.


There is a big difference between “because it won’t be perceived as coming from a ‘pro-Trump’ ‘pro-Russia’ source” and “because it won’t be perceived as coming from a ‘pro-Trump’ ‘pro-Russia’ source, which the Clinton campaign is constantly slandering us with.” Those are not the same sentence. At all. Different meanings, different implications. One makes WikiLeaks look like it’s trying to hide a pro-Trump, pro-Russian agenda from the public, and the other conveys the exact opposite impression as WikiLeaks actively works to obtain Donald Trump’s tax returns. This is a big deal.


And it made a difference in the way WikiLeaks was perceived, as evidenced by the things people who read the article are saying about Ioffe’s version:





At first I wasn’t sure who was responsible for this highly egregious omission. It could have been Ioffe, an editor, the source of the leaked DMs or an intermediary deliverer who cut out the rest of the sentence. But then I read in The Guardian’s version of this story that Ioffe had actually tweeted to Don Jr. erroneously accusing him of excluding “a couple of missing pages” from his three-part release of his DMs with WikiLeaks. Ioffe eventually deleted the tweet, after it had been seen and reported on by many people, and clarified her error.



From The Guardian, http://archive.is/TWaqv#selection-2753.0-2761.62


 




 



“My bad,” she says. Cute.


What Ioffe’s tweets tell us is that she had full copies of the DMs, since she knew that there were more pages missing from the single tweet by Don Jr. that she had read. The deceitful omission that is the subject of this article was clarified in the first Don Jr. tweet she replied to. She read it, she analyzed it enough to figure out what was missing, but she said nothing about the fact that there were a lot more words in the sentence that she selectively edited out to convey the exact opposite of its meaning.


I’m no detective, but it sure looks like this was a willful omission on Ioffe’s part made deliberately with the intention of damaging WikiLeaks’ reputation. I have been attempting to contact Ioffe, whose other work for the Atlantic includes such titles as “The History of Russian Involvement in America’s Race Wars” and “The Russians Are Glad Trump Detests the New Sanctions”; I will update this article if she has anything she’d like to say.


Also worth noting is Ioffe’s omission of the fact that we’ve known since Julythat WikiLeaks had contacted Donald Trump Jr., as well as the fact that Julian Assange’s internet was cut at the time some of the Don Jr. messages were sent, meaning they may have been sent by someone else with access to the WikiLeaks account.




As happens every single time these pro-establishment manipulations take place, the rest of the mainstream media is picking up the Atlantic’s deceitful omission and running with it as fact. GQ ran with it quoting the selectively edited text. ABC and CBS both ran with the same fake quote even after including Don Jr.’s tweets which make it clear that text was omitted. The Guardian went so far as to use the Atlantic’s selectively edited quote, and then publish an update saying that Julian Assange had “suggested that the Atlantic had selectively edited the messages” without updating the original selectively edited quote or publishing the omitted text.


What percentage of Guardian readers do you think went and read the private messages published by Don Jr. for themselves and learned that they’d been manipulated? One percent? Half of one percent? Why would they go read the published DMs if their trusted Guardian was presenting itself as conveying the full truth?


The Atlantic’s senior editor is neocon David Frum, who is credited with coining the phrase “axis of evil” used in George W Bush’s jingoistic schtick, and its editor-in-chief is the neocon Jeffrey Goldberg. Its corporate owner, Atlantic Media Company, is chaired by New America’s David G. Bradley. New America is a DC think tank whose team includes representatives from Northrop Grumman and Raytheon along with big name media and corporate giants like CNN and Walmart, and whose top donors include Bill Gates, Google’s Eric Schmidt, and the US State Department.


So this immoral manipulation is not exactly surprising. These are virulently pro-establishment people.




 


Every time. This happens literally every single time there’s a new “bombshell” report on the Russiagate phenomenon, without exception. Twitter explodes, I’m bombarded with social media notifications telling me “HAHAHA I BET YOU FEEL LIKE AN IDIOT NOW”, then it turns out to be a basically innocuous revelation dishonestly blown up into something explosive by liars and manipulators in the establishment media. It’s fueled entirely by Trump derangement syndrome, not by facts.


And people ask why I’m skeptical of the establishment Russia narrative. I’m skeptical because we’re being lied to every single step of the way by the news media who claim to be helping the public discover the truth. Trump lies because he’s a corrupt billionaire who knows he can get away with it, but that doesn’t make him a Russian agent. The media lies because they’re bolstering the stranglehold of America’s unelected power establishment, and that makes them traitors to our species.


I stand with WikiLeaks. They’re doing more than anyone else to shake loose the nuts and bolts of the omnicidal death machine that is driving our species toward extinction, and that’s why that same death machine pours so much energy into tarnishing their reputation so their leaks will be dismissed. Even my fellow leftists have been largely won over by the ongoing psyop to paint Assange as an evil Nazi, and I simply have no respect for that perspective. When there’s such a massive, concerted effort by America’s unelected government to sabotage someone’s reputation, your belief that they’re bad is probably a deliberate and artificial construct.


The mainstream media is not your friend, America. It’s time to send them the way of the dinosaur before they do the same to us.


UPDATE 5 PM EST 11/14/17: Surprise, surprise, here’s Chris Hayes on MSNBC regurgitating Ioffe’s selectively edited quote on MSNBC. There will be others. There is no way to undo the damage that was done by this lie. At the end of the clip Ioffe actually asserts that her story confirms Russia-WikiLeaks collusion, without at any time acknowledging that the only thing in the story that makes it look that way is her selectively-edited quote.


 


If Russiagate was valid, the people selling it to us wouldn’t have to lie about it every single step of the way.


_________


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Bill Gates, Jeff Bezos And Warren Buffett Have More Money Than The Poorest 50% Of The U.S. Population Combined

Bill Gates, Jeff Bezos And Warren Buffett Have More Money Than The Poorest 50% Of The U.S. Population Combined | Money-Briefcase-Public-Domain | Economy & Business Sleuth Journal Special Interests US News


The problem is not that we have a few people that are rich – the problem is that we have so many that are poor.  As you will see below, three extremely wealthy individuals have as much money as the poorest half of the nation combined.  In a free market capitalist society, there are always going to be some that do better than others, and there is nothing wrong with that.  But in our society today, there are so few that are doing well.  At this point a majority of all Americans are living paycheck to paycheck, and “one in five households have zero or negative net worth”


In the United States, the 400 richest individuals now own more wealth than the bottom 64 percent of the population and the three richest own more wealth than the bottom 50 percent, while pervasive poverty means one in five households have zero or negative net worth.


Those are just several of the striking findings of Billionaire Bonanza 2017, a new report (pdf) published Wednesday by the Institute for Policy Studies (IPS) that explores in detail the speed with which the U.S. is becoming “a hereditary aristocracy of wealth and power.”


That means that if you have no debt and a single dime in your pockets, you have more wealth than one-fifth of the entire country.


Okay, so let’s talk about the three men that have more wealth than the poorest 50 percent of the U.S. population combined.  Those three men are Bill Gates, Jeff Bezos of Amazon.com, and Warren Buffett.  I don’t want to take anything away from what those three have accomplished, because we need more risk takers and entrepreneurs.


Sadly, the level of small business creation has fallen in every presidential administration going all the way back to George H.W. Bush, and the percentage of Americans that are self-employed is hovering near all-time record lows.


As a nation, we desperately need to return to a culture that encourages free market capitalist thinking.  We want young men and women to create, invent, innovate and start new ventures.  But instead, today our culture encourages young people to become dependent on the government and on the big corporations, and as a result the middle class is evaporating.


As I discussed above, at this point 20 percent of all U.S. households have “either zero or negative wealth”


The rise at the wealthiest end of society comes as one in five US households live in what the report’s authors call the “underwater nation”, with either zero or negative wealth. Inequality is even more stark among minorities. Three in 10 black households and 27% of Latino ones have zero or negative wealth, compared with 14% of white families.


In recent years, unprecedented intervention by global central banks has created an absolutely enormous stock market bubble, but the real economy has continued to struggle.


Just look at what is happening to Sears.  This week they announced that they lost between $525 million and $595 million during the 3rd quarter of 2017.


How in the world do you do that?


If they had their employees doing nothing all day but flushing one dollar bills down the toilet, I still don’t think that they could lose that much money in three months.


Sears is going to sell 140 stores in a desperate attempt to stay afloat, but many believe that this is simply delaying the inevitable.  In fact, one prominent analyst named Bill Dreher believes that Sears will never be profitable again


One Wall Street analyst is beginning to doubt whether Sears Holdings will ever be profitable again, as the 124-year-old retailer struggles for liquidity and same-store sales evaporate.


“Sears’ operational performance is clearly NOT improving, and we grow increasingly concerned whether the company will ever return to profitability,” wrote Susquehanna analyst Bill Dreher in a note to clients Wednesday. “Further highlighting the company’s weakened position is the reality that manufacturers are increasingly demanding tighter payment and/or withholding products.”


Once upon a time, Sears was the number one shopping destination for the middle class.


But like the middle class in America, the best days for Sears are now long gone.


If we want to restore our economy to greatness, we need a vibrant middle class.


And in order to have a vibrant middle class, we need to have a system that encourages entrepreneurs and small businesses.  Free markets work if you allow them to, but unfortunately today we are strangling our entrepreneurs and small businesses with rules, regulations, red tape and oppressive levels of taxation, and until we change our ways we are going to continue to get the same very poor results.


The post Bill Gates, Jeff Bezos And Warren Buffett Have More Money Than The Poorest 50% Of The U.S. Population Combined appeared first on The Sleuth Journal.

Monday, November 6, 2017

Bezos Calls The Top? Sells $1.1 Billion Of Amazon Stock At Record Highs

Is the world"s richest man starting to get a little concerned that his $90 billion fortune in Amazon stock might just be fully valued?  Well, judging by his SEC disclosures from last Friday, Bezos provided investors with roughly 1.1 billion reasons why the answer to that question may be a resounding "yes".


As Bloomberg points out, Bezos sold a total of 1 million Amazon shares over the course of three days last week netting roughly $1.1 billion in proceeds.  The sale represented just 1.3% of Bezos" total stake in Amazon and leaves him with 16.4% of the company"s shares outstanding.


Bezos


Of course, the stock sales came after Amazon beat earnings estimates the week prior (see: Amazon Soars Above $1,000 After Smashing Expectations) and pushed the stock to new all-time highs.  As an added benefit, the move also once again thrust Bezos ahead of Bill Gates on the Billionaire leader board.



Of course, Bezos previously reported that he would sell $1 billion a year in Amazon stock to fund his Blue Origin LLC, the rocket company fueling his dream of sending people into space.  That said, this was Bezos" second $1 billion sale in a matter of 6 months so perhaps Blue Origin just needed a little extra cash this year?


Then again, maybe this is just "tax planning" or "diversification" or any of the many other excuses executives give for selling their own stock...certainly it has nothing to do with Amazon"s 282x P/E ratio...









The Richest Person On Each Continent

With a stock price surge of 13% after Amazon’s most recent quarterly filing, Wall Street analysts were reportedly “shocked” by the company’s rapid growth. The e-commerce juggernaut beat both quarterly revenue and earnings forecasts, and continues to trailblaze with a 34% revenue growth rate.


This boded well for the net worth of Amazon founder Jeff Bezos, which fluctuates wildly based on Amazon stock price movements. In fact, as Visual Capitalist"s Jeff Desjardins notes, the recent jump in price on October 27 helped catapult him past Bill Gates (again) to become the richest person in North America, as well as the entire world.


As of publication time, according to Forbes’ real-time wealth tracker, his wealth stands at $92.6 billion.


NET WORTH LEADERS BY CONTINENT


Today’s graphic comes to us from HowMuch.net and it shows the richest person on each continent.



Courtesy of: Visual Capitalist

Here is the full breakdown:



Net worth figures from HowMuch.net as of November 3, 2017


To be thorough, HowMuch.net also “nominated” a person to represent the continent of Antarctica, even though it has no permanent residents.


Chosen for this title? It’s none other than Arnold W. Donald, the CEO of Carnival, the world’s largest cruise company, which monetizes the icy continent for its Antarctic cruises on a regular basis.


*  *  *


This graphic has been amended since initial publication. Just yesterday, Mukesh Ambani climbed up the list to become the richest person in Asia, and it now reflects that. Thanks to everyone who pointed this out.









Thursday, October 19, 2017

A Look Inside The Secret Swiss Bunker Where The Ultra Rich Hide Their Bitcoins

Somewhere in the mountains near Switzerland’s Lake Lucerne lies a hidden underground vault containing a vast fortune.


It’s no ordinary vault, according to Quartz. Built inside a decommissioned Swiss military bunker dug into a granite mountain, it’s precise location is a closely guarded secret, and access is limited by myriad security precautions.


But instead of gold bars, the bunker contains hard drives on which customers’ bitcoins are being kept in what’s call “cold storage” – i.e. the owners’ private keys are protected by an air-gapped hard drive. The vault is one of many operated by Xapo, an early bitcoin company known for its cold storage wallet products and a debit card that pays for transactions in digital currencies.



The company won’t disclose how much bitcoin is stored in the vault, but one employee who spoke with Quartz said he sometimes takes customers with millions of dollars in bitcoin on tours of the vaults where their fortune is stored. Xapo was founded by Argentinian entrepreneur and current CEO Wences Casares, whom Quartz describes as “patient zero” of bitcoin among Silicon Valley’s elite. Cesares reportedly gave Bill Gates and Reed Hoffman their first bitcoins.



As Quartz explains, the bitcoin vault doesn’t store actual bitcoin units. Instead, what’s being stored are the owners’ private cryptographic keys that allow the owner to access and transfer his or her bitcoins by matching the key with a public key that’s used to identify the coin on the blockchain. Gaining unauthorized access to someone’s private keys is akin to making off with a gold bar.



The inexorable rise in bitcoin’s valuation has been marred by notable hacking incidents like the collapse of Mt. Gox, which ushered in the longest bear market in bitcoin’s history. Security fears appear to have subsided as bitcoin’s price has soared to all-time highs, but incidents like the collapse of the DAO have inspired investors with substantial bitcoin wealth to look into protecting it.



To store the coins, Xapos contracts Deltalis, the company that technically operates the 10,000-square-foot data-center that now inhabits the decommissioned bunker.





Server racks for banks, and any client who needs secure data processing, fill a cavity dug over 320 meters deep in the granite mountain. The Swiss military built the facility in 1947, and it served as the army’s secret headquarters during the Cold War, Agence-France Presse has reported. Inside, walls covered with detailed maps and ancient radio electronics serve as vestiges of its military past.



To enter Xapo’s private vault in the Deltalis data center, visitors must endure an exhausting series of security procedures.





Streiff leads us to a concrete facade jutting out of the mountainside, the bunker’s entrance. We step through about a foot of concrete and enter the lobby. I sign in as I would at any office building, except I also have to present my fingerprints and be photographed. After that I step through a “man-trap”—a phone booth-sized cylinder made of bullet-proof glass that shuts me in until an operator opens the door on the opposite side.



Once through the man-trap, we touch our ID cards and pass through a set of steel revolving doors, then walk down a 100-meter long passageway through the granite. At the end of the passageway are two red steel doors that I’m told can survive a nuclear blast. Streiff invites me to try to close one—my 90 kg (198 pound) frame can’t budge it. “They’re closed every night,” he tells me, showing me how to hang off the handle and use his body’s momentum to gradually swing it shut.



Streiff and Kon are taking me to see Xapo’s “private suite,” an ultra-secure, customized, portion of the data center. We pass through a second man-trap and then end up in front of a nondescript white door. “This is further than anyone outside Xapo has been,” Streiff tells me, as he unlocks it. Inside is a space about the size of a walk-in closet containing a cooling unit, and yet another door. But that’s as far as they’ll let me go, and I’m not allowed to take photographs.



Security is similarly tight inside the vault. Nobody is allowed the enter the “cold room” where the bitcoins are stored on air-gapped hard drives. To protect against an electromagnetic pulse attack, the cold room is equipped with a Faraday cage, a type of barrier meant to block electromagnetic fields.





Beyond that door, I rely on what Carlos Rienzi, Xapo’s head of security, tells me later, when I’m back in London. Rienzi chose the vault for Xapo, and he designed the private suite and its security protocols. His “threat model,” as computer security jargon goes, is to protect against attacks from “well-funded terrorist groups or hackers.”



There are two more portals inside the suite: the first leads to an operators’ room, and the second to a “cold room.” The cold room is encircled with steel slabs to form a Faraday cage: a barrier that protects against a possible electromagnetic pulse (EMP) attack that could wipe out the data—and thus the keys to the bitcoin—stored in the room. For digital assets like bitcoin, thick walls and a secret location are not enough. A shield against invisible modes of attack like an EMP bomb must be provided for.



No one, not even the operator, enters the cold room. Its door is sealed with tape—like a crime scene—to ensure it’s not tampered with. The cold room contains hardware, which is never connected to the internet, used to sign bitcoin transactions. Signing a transaction can be performed offline. The operator accesses that hardware using “special cabling,” sending encrypted data to the hardware for signing. Finally, before a transaction can be approved, two more sign-offs, in two other vaults located on separate continents, must be performed.



I ask Rienzi if he feels pretty confident about the security measures he has in place in Switzerland. “We are under attack 24/7,” he tells me, referring to the terrorists and hackers he designed the vault to guard against. “This is not a race. It is a chess game. You have to think about the opponent’s next movement. You can never relax.”



Of course, all the security measures in the world can’t protect investors from a sudden plunge in the bitcoin price. However, the digital currency’s indomitable - for now - performance has silenced at least one of its most prominent critics. Then said, unlike precious metal specie, one carefully targeted EMP would be all it takes to sever the ownership chain for a long, long time.


Still, with the digital currency recently reaching yet another record high, despite relentless jawboning and rhetoric by everyone from Jamie Dimon to central bankers to China, we can only imagine the business of protecting bitcoin fortunes is set to boom.

Saturday, October 14, 2017

Tech Vs. Trump: The Great Battle Of Our Time Has Begun

Authored by Niall Ferguson via The Spectator,


Social media helped Donald Trump take the White House. Silicon Valley won’t let it happen again...



In the 1962 Japanese sci-fi classic King Kong vs Godzilla, the two giant monsters fight to a stalemate atop Mount Fuji. I have been wondering for some time when the two giants of American social media would square up for what promises to be a comparably brutal battle. Finally, it began last month - and where else but on Twitter?


‘Facebook was always anti-Trump,’ tweeted the President of the United States on 27 September.


Mark Zuckerberg shot back hours later (on Facebook, of course): ‘Trump says Facebook is against him. Liberals say we helped Trump. Both sides are upset about ideas and content they don’t like. That’s what running a platform for all ideas looks like.’


A platform for all ideas? Well, maybe. Others see Facebook differently. As Zuckerberg’s response to Trump acknowledged, the President is not alone in criticising him. The various inquiries into Russian meddling in the 2016 presidential election are turning up much that is awkward, notably that Russia bought around 3,000 Facebook ads designed to spread politically divisive posts to Americans before and after the election, as well as to promote inflammatory political protests on issues such as Muslim immigration.


It may be too big a stretch to claim that Russian Facebook ads swung the election in Trump’s favour. But it seems plausible that his campaign’s use of social media, particularly Facebook, gave it a vital edge that compensated for its financial disadvantage relative to Hillary Clinton’s campaign. On that, if on nothing else, I suspect Steve Bannon and Clinton would agree. ‘Facebook is now the largest news platform in the world,’ Clinton writes in her election postmortem. ‘With that awesome power comes great responsibility.’


Awesome power, yes. At the end of June, the number of active Facebook users (people who visit the site at least once a month) passed the two billion mark. WhatsApp, Messenger and Instagram — all owned by Facebook — have three billion users altogether, though no doubt there is much overlap. Two- thirds of American adults are on Facebook and 45 per cent get their news from it. More than half the UK population access Facebook at least once a month. The average user is on the site for 1/16 of every day.


But great responsibility? In the wake of the Las Vegas massacre, Facebook briefly featured a bogus story that the shooter had ‘Trump-hating’ views. A fake page claimed responsibility for the attack on behalf of the far-left Antifa movement, saying the goal had been to kill ‘Trump-supporting fascist dogs’.


Last month, the non-profit investigative news site ProPublica revealed that Facebook’s online ad tools had helped advertisers to target self-described ‘Jew haters’ or people who had used phrases such as ‘how to burn Jews’. In the words of Facebook’s chief operating officer Sheryl Sandberg: ‘The fact that hateful terms were even offered as options was totally inappropriate and a fail on our part.’ Facebook ‘never intended or anticipated this functionality being used this way’.


What Facebook intended and how Facebook is used turn out to be very different. The company’s motto used to be: ‘Make the world more open and connected.’ It’s no longer quite so simple.


‘For most of the existence of the company, this idea of connecting the world has not been a controversial thing,’ Zuckerberg recently said. ‘Something changed.’


What has changed is that the world has belatedly woken up to realities about social networks that were already obvious to anyone familiar with history and network science.


For most of history, it is true, hierarchies have tended to dominate distributed networks. However, there are historical precedents for technological change leading to enhanced connectedness that empowers social networks and weakens hierarchies.


The first began exactly 500 years ago, when Martin Luther launched his campaign for reform of the Roman Catholic church. Had it not been for the printing press, Luther would have been just another obscure heretic and might well have ended his life in the flames of the stake. But Gutenberg’s innovation enabled Luther’s message to ‘go viral’ — as we would now say — and it spread with remarkable speed throughout Germany and then across north-western Europe.


Luther was as much of a utopian as the pioneers of Silicon Valley in our own time. In his mind, the Reformation would create a powerful new network of pious Christians, all enabled to read the Bible in the vernacular and to establish more direct relationships with God than the indirect ones mediated by a corrupt ecclesiastical hierarchy. The vision of St Peter of a ‘priesthood of all believers’ would finally be realised.


But the true upshot of the Reformation was not harmony but polarisation and conflict. Not everyone was inspired by Luther’s message. Some sought to go further than him. Others reacted violently against the proposed reforms. The Counter-Reformation adopted the Protestants’ novel techniques of propagation and deployed them against the heretics.


Yet it proved impossible to destroy Protestant networks, even with mass executions and hideously cruel torture. If anything, persecution promoted radicalisation. Meanwhile, the constantly growing network of printed words proved itself as ready to spread madness as holiness. The witch craze of the 17th century was a classic example of a monster meme, claiming innocent lives from Scotland to Salem, Massachusetts.


There are three big differences between now and then.





First, today’s social networks are vastly bigger, faster and more widespread than those of the early modern era.



Secondly, whereas the printing press was a truly decentralised technology — Johannes Gutenberg was no Bill Gates — the ownership of today’s IT infrastructure is concentrated in remarkably few hands.



Finally, our networked age began by disrupting markets and later politics; only one religion, Islam, has been significantly affected.



But the similarities are nevertheless striking. Now, as then, newly empowered networks have led to polarisation, not harmony. Now, as then, the networks have acted as a transmission mechanism for all kinds of manias and panics as well as truth and beauty. And now, as then, the networks have eroded territorial sovereignty, weakening the established structures of political authority.


The US government sought to harness the power of social networks when the National Security Agency co-opted the big technology companies into its PRISM programme of mass domestic and foreign surveillance. But the new networks did not easily integrate into old power structures. Globally disseminated leaks, courtesy of Edward Snowden and Julian Assange, exposed PRISM, while a new kind of populist politics flourished on social media.


A defining feature of social networks (as in the Reformation) is their tendency to divide rather than unite. Recent research on American blogs and Twitter reveals a similar pattern: the emergence of two self-segregated ideological communities, one liberal, the other conservative. Just as birds of a feather flock together (network geeks call it ‘homophily’) so Twitter users retweet within their political clusters. One study found that with tweets on hot-button political topics (such as gun control, same-sex marriage and climate change), the use of emotional words increases their diffusion by a factor of 20 per cent for each additional word. Ever wondered why tweets are full of expletives? Now you know.


The presidential election of 2016 was a tale of many networks. By going viral through a largely self-organised network, Trump beat Clinton’s old-school, hierarchically structured campaign, which poured money into antiquated channels like local television. Isis contributed to the febrile atmosphere with its worst attack in North America (in Orlando in June last year), prompting Trump’s populist (and popular) promise of a ‘Muslim ban’. But the Trump network had itself been penetrated by the Russian intelligence network. Trump’s campaign and, to a much smaller extent, the Russians both used Facebook and Twitter as tools to discredit his opponent and discourage potential Democratic voters.


Make no mistake: 2016 will never happen again. Silicon Valley hates Trump for too many reasons to count. The most important are his stance on immigration (on which the Valley depends for its supply of skilled software engineers) and Big Tech’s need to ‘virtue-signal’ to its most valued user demographic: the young and affluent. They lean left. So does the otherwise capitalist Valley.


The political consequences were not immediately obvious, unless you were paying close attention, but after the Charlottesville clashes between white supremacists, neo-Nazis and their various left-wing opponents, they were there for all to see. Matthew Prince, CEO of the internet service provider Cloudflare, described what happened: ‘Literally, I woke up in a bad mood and decided someone shouldn’t be allowed on the internet.’ On the basis that ‘the people behind the Daily Stormer are assholes’, he denied their fascistic website access to the worldwide web. As Prince himself rightly observed: ‘No one should have that power. We need to have a discussion around this with clear rules and clear frameworks. My whims and those of Jeff [Bezos] and Larry [Page] and Satya [Nadella] and Mark [Zuckerberg] shouldn’t be what determines what should be online.’ Yet that discussion has barely begun. And until it happens, it will indeed be they who decide who is allowed on the internet.


This goes to the heart of the matter. According to Zuckerberg, Facebook is ‘a tech company, not a media company… We build the tools; we do not produce any content’. Yet in practice, according to a recent Reuters investigation, ‘an elite group of at least five senior executives regularly directs content policy and makes editorial judgment calls.’ In the words of Espen Egil Hansen, the editor-in-chief of the Norwegian newspaper Aftenposten, Zuckerberg is now ‘the world’s most powerful editor’.


It is not only neo-Nazi sites that find themselves on the online equivalent of the newsroom spike. Twitter has recently rejected paid-for tweets from the Center for Immigration Studies (CIS) on the grounds of ‘Hate’. These tweets were hardly excerpts from Mein Kampf: for example: ‘The fiscal cost created by illegal immigrants of $746.3bn compares to a total cost of deportation of $124.1bn.’ In the words of CIS director Mark Krikorian, ‘The internet is now a utility more important than phones or cable TV. If people can be denied access to it based on the content of their ideas and speech (rather than specific illegal acts), why not make phone service contingent on your political views? Or mail delivery?’


Google recently revealed that it is using machine learning to document ‘hate crimes and events’ in America. Among their partners in this effort is the notorious Southern Poverty Law Center (SPLC), which maintains a list of ‘anti-Muslim extremists’ — including my wife, Ayaan Hirsi Ali, and the British liberal Muslim Maajid Nawaz — but no list whatsoever of Muslim extremists.


‘YouTube doesn’t allow hate speech or content that promotes or incites violence,’ declared a recent message to YouTube content creators. But who decides what is ‘hate speech’? The phrase has become the 21st-century equivalent of ‘heresy’. It’s what you call something before you proscribe it.


Silicon Valley insists it is home to neutral network platforms. This is no longer credible. Facebook alone has, without quite meaning to, evolved into the most powerful publisher in the history of the world. Zuckerberg is William Randolph Hearst to the power of ten.


So what to do? Left-leaning Democrats have an answer: revive the progressive interpretation of anti-trust policy and break up the internet monopolies. Superficially, they have a case. Amazon controls 65 per cent of all online new book sales. Google’s market share of online search is 87 per cent in the US. In mobile social networking, Facebook and its subsidiaries control 75 per cent of the American market.


Yet who seriously cares what the hipster anti-trust types say? Silicon Valley is a huge donor to the Democrats. Why would they make life difficult for Big Tech when it so openly leans left? The real question is when Republicans (and not just the President) are going to wake up to the threat they now face.


Two big battles are looming: one on the question of net neutrality (the principle that all bits of data should be treated alike, regardless of their content or value), the other on the 1996 Communications and Decency Act, which allows tech firms exemption from liability for content that appears on their platforms. A group of senators led by Rob Portman has started the ball rolling by seeking to impose liability on companies that knowingly facilitate sex trafficking on their platforms. The initial response of the Internet Association, a trade group that is essentially a mouthpiece for the Valley, was revealing: ‘The entire internet industry wants to end human trafficking,’ it said. ‘But there are ways to do this without amending a law foundational to legitimate internet services.’ Last month, however, the IA conceded the need for ‘targeted amendments’.


This battle is only just beginning, but its outcome could be decisive in both the 2018 midterm elections to Congress and the 2020 presidential race. The regulatory status quo is not only highly favourable to Silicon Valley. It could also prove highly unfavourable to Republican candidates — though (so far as I could tell on a recent visit to Washington) the penny has not yet dropped with lawmakers who are accustomed to talking only about deregulation, not regulation.


In many ways, what we are about to witness will be a classic struggle between new networks and established hierarchies. Like King Kong’s epic slugfest with Godzilla, however, it’s far from easy to predict which side will prevail - or how much collateral damage they will both inflict on American democracy. In the old Godzilla movies, after all, the one predictable thing is that Tokyo always gets destroyed.