Petro-Dollar Threatened by Incompetence of American Ignorati

The number one American export is U.S. dollars.  It is paper currency that is backed up by absolutely nothing, but the rest of the world has been using it to trade with one another and so there is tremendous global demand for our dollars.  The linchpin of this system is the petrodollar.  For decades, if you have wanted to buy oil virtually anywhere in the world you have had to do so with U.S. dollars.  But if one of the biggest oil exporters on the planet, such as Saudi Arabia, decided to start accepting other currencies as payment for oil, the petrodollar monopoly would disintegrate very rapidly.  For years, everyone assumed that nothing like that would happen any time soon, but now Saudi officials are warning of a “major shift” in relations with the United States.  In fact, the Saudis are so upset at the Obama administration that “all options” are reportedly “on the table”.  If it gets to the point where the Saudis decide to make a major move away from the petrodollar monopoly, it will be absolutely catastrophic for the U.S. economy.

The biggest reason why having good relations with Saudi Arabia is so important to the United States is because the petrodollar monopoly will not work without them.  For decades, Washington D.C. has gone to extraordinary lengths to keep the Saudis happy.  But now the Saudis are becoming increasingly frustrated that the U.S. military is not being used to fight their wars for them.  …

http://theeconomiccollapseblog.com/archives/the-growing-rift-with-saudi-arabia-threatens-to-severely-damage-the-petrodollar

In your facebook: CIA subsidiary invested in obamacare data management company

A software company funded by the Central Intelligence Agency is managing data on Healthcare.gov, the Obamacare insurance exchange website.

In-Q-Tel, the CIA’s venture capital firm, invested heavily into Socrata, the software company who provides data collection and management for Healthcare.gov and Medicare.gov.

Through a press release, Socrata announced a “strategic investment and technology development agreement with In-Q-Tel (IQT), the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.”

“Under the agreement, IQT will make a strategic investment in Socrata,” the press release states. “The two entities will work together to further develop Socrata’s data consumerization platform for internal business analysts in data-rich organizations.”

“Users of Socrata’s technologies can transform raw data from multiple sources into more sophisticated and useful resources.”

In other words, Socrata will work with the CIA and other intelligence agencies to transform raw data into a format easily utilized and accessible to the intelligence community.

The CIA’s interest in Socrata is crystal clear considering that the Department of Health and Human Services is establishing a centralized Federal Data Services Hub, a comprehensive database of Americans’ private information made available to multiple federal entities.

Healthcare.gov captures the personal data provided during the Obamacare enrollment process for this spy grid database….

http://www.prisonplanet.com/cia-funded-software-company-manages-private-data-for-healthcare-gov.html

Surveillance of medical data is far more invasive than simple wiretapping.