Friday 04-29-16

CIA-Backed Artificial Intelligence Firm To Spy on Wall Street Traders

Swiss multinational bank, Credit Suisse, will collaborate with data analysis firm, Palantir, to launch a trader surveillance program. According to Bloomberg’s Jeffrey Voegeli, the joint venture, called Signac, aims to catch rogue Wall Streeters engaged in illegal trading. It comes in the wake of a number of trading scandals in recent years that have cost banks billions of dollars.
Palantir was co-founded by Peter Thiel and seed-funded by the CIA. The company was funded in part by In-Q-Tel Inc., the venture capital investment arm of the CIA that has a long, symbiotic history with startups, the NSA, the FBI, and DARPA. In fact, In-Q-Tel specifically funds tech start-ups “to advance ‘priority’ technologies of value” in the intelligence community. The group has ties to Donald Rumsfeld’s Total Information Awareness initiative and is believed by some to have worked closely with Google in its earliest years.
Palantir itself has lived in the shadows since its 2004 inception, working primarily to create a proprietary data mining system used by law enforcement agencies, finance firms, and security companies to isolate criminality. For example, Palantir’s software was used to analyze the troves of millions of documents related to the Bernie Madoff scandal.
Palantir has an extensive relationship with the U.S. government, and includes among its clients the CIA, DHS, NSA, FBI, the CDC, the Marine Corps, the Air Force, Special Operations Command, West Point, the Joint IED-defeat organization and Allies, the Recovery Accountability and Transparency Board, and the National Center for Missing and Exploited Children.
Another client is the Los Angeles Police Department. A leaked document from 2013 included a quote from Sergeant Peter Jackson, who said Palantir’s technology is allowing the LAPD to become more efficient.
The new trader surveillance co-venture comes at a time when Credit Suisse finds itself in dire straits. After adhering to a so-called Pursuit of Revenue “At All Costs” policy, the company now finds itself facing $90 billion of distressed debt and rampant illiquidity.
Now bank executives view the problem as stemming largely from rogue traders, and believe Signac will help them turn things around. Signac will use algorithmic artificial intelligence to monitor unauthorized trades.
It is perhaps worth noting that Signac will monitor internal transactions that harm Credit Suisse – not any of the myriad transgressions made by the financial industry at large, such as the kinds of predatory lending we saw prior to the Great Recession. We may have to wait for a larger, more aggressive artificial intelligence presence for that kind of oversight.

http://www.blacklistednews.com/CIA-Backed_Artificial_Intelligence_Firm_To_Spy_on_Wall_Street_Traders/50770/0/38/38/Y/M.html

 

Gerald Celente – The Dream Is Dying As Americans Now Consume 80% Of Global Painkillers

Having made its mark and had its day, the USA is following a familiar path toward self-destruction taken by empires past, both famous and forgotten. Just as the 20th century, “The American Century,” faded into history, so too has the nation’s glory and prestige.
An America In Decline
While politicians lie, the numbers don’t. On the economic front, according to The Pew Research Center, “Americans are less well-to-do now than at the start of the 21st century. For all income tiers, median incomes in 2014 were lower than in 2000. These reversals are the result of two recessions – the downturn in 2001 and the Great Recession of 2007-09 – and economic recoveries that have been too anemic to fully repair the damage.”
Once the “land of opportunity,” the gap between the rich and poor in America is the widest among all the developed nations. A report by the University of Michigan illustrates the Gilded Age wealth inequality that now prevails. The median American household was 13.6 times poorer than an average household in the 95th percentile in 2003. By 2013, the average household in the 95th percentile (top 5 percent) was 24.2 times richer than the median household and 426.5 times richer than the average household in the 25th percentile.

The American Dream Is Dying
As America’s economy declines, its society decays. With less than 5 percent of the world’s population, Americans consume 80 percent of the entire global supply of pain killers… a 300 percent increase since 1999. Suicides in the US have surged 24 percent from 1999 to 2014, according to the National Center for Health Statistics. Out of work, out of luck and deep in despair, the numbers add up to shorter lives. In a sharp reversal from earlier decades when successive generation’s living standards rose and so did their life expectancy… white Americans’ lifespan is now in decline.

http://kingworldnews.com/gerald-celente-the-dream-is-dying-as-americans-now-consume-80-of-global-painkillers/