European foreign ministers today gave US the”right” to know everything about our banking business. The US has been examining transactions handled by the Society for Worldwide Interbank Financial Transactions (SWIFT) since the 9/11 attacks on New York and Washington. However, SWIFT, which is headquartered in Belgium, is planning to move its servers and database -- which is currently located in the US -- to Europe. With data privacy laws far stricter in Europe, the US would then need permission from the EU before it could gain access to this sensitive information. SWIFT handles 15 million transfers a day between over 8,000 banks and other financial institutions.
Apparently those voting on this issue had about 30min to, per sms, get approval from respective government and this at the height of summer with people away on holidays, and without any debates or even know-how what this really means. Fun eh?
In Holland they are imposing more internet restrictions and banning Piratebay. Anyone thinks they are going to stop with that, please raise your hands…
New laws are being passed in several Eastern European nations forbidding this or outlawing that. In the meanwhile we noticed the first “pirate attack” at sea in Swedish waters… ever…
And out in the real world, far from economists and the fascists that rule our lives, the depression keeps going fueled by trillions of dollars, Euros, pounds and whatnot. Ticking down towards those very hilarious inflation numbers we are going to see in the near future.
All I’m waiting for is that increase in mad shootings I have predicted, more protectionism and another war. Probably in that order, if Israel doesn’t do anything funny very soon…
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