And it appears that the dragnet database, called the Comprehensive Automated Risk Data System (CARDS), was designed with such vulnerabilities in mind.
“I can’t think of any other reason that someone would invest so much time and so much effort into trying to monitor every brokerage account in the United States in real time,” Porter Stansberry, the founder of the Stansberry & Associates Investment Research Conference, said on the Alex Jones Show. “That is an enormous technical challenge.”
He also added that even knowing something as simple as how many individual investors own certain securities could be very, very valuable to select interests.
And other revelations in the past reveal that the NSA is more than willing to monitor and manipulate financial transactions.
Last December, the White House report on the activities of the NSA suggested that the spy agency was already hacking into financial institutions and altering the amounts held in bank accounts.
“Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate the financial systems,” the report recommended.
Trevor Timm, a former analyst at the Electronic Frontier Foundation, asked if the recommendation implied that the NSA was already doing just that.
And a few month earlier, in September, German news outlet Der Spiegel reported that the spy agency was also tracking the global flow of money.
Under the “Follow the Money” program, the NSA collects credit card and other financial transactions into its own financial databank, called “Tracfin,” which contains nearly 200 million records if not more.
“Further NSA documents from 2010 show that the NSA also targets the transactions of customers of large credit card companies like VISA for surveillance,” the article continued. “NSA analysts at an internal conference that year described in detail how they had apparently successfully searched through the U.S. company’s complex transaction network for tapping possibilities.”
And the upcoming CARDS database, which a law professor suggested is as tempting of a target as the American fleet at Pearl Harbor, would grant the NSA almost unlimited possibilities to influence the stock market.
Alex Jones will make a rare public appearance as a featured speaker at the upcoming Stansberry & Associates Investment Research Conference in Dallas, Texas on Saturday, May 31. For more information and tickets, please visit alexjonesdallas.com.