So the Federal Reserve – the secretive government architect of our current “recovery” – got hacked this week and coughed up what the agency describes as a “limited amount” of data.
“The Federal Reserve System is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product,” a spokesman for the central bank told Reuters. “The exposure was fixed shortly after discovery and is no longer an issue. This incident did not affect critical operations of the Federal Reserve System.”
Whew! That’s a relief right?
After all we wouldn’t want hackers to start printing hundreds of billions of dollars we don’t have in perpetuity – or lending hundreds of billions of dollars we don’t have in perpetuity.
Because that would be a disaster!
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7 comments
Hopefully the hackers were the type that were intending to dig up dirt and release it.
… maybe they were just attempting to determine the exact amount of our national debt, and, because they feel sorry for us, wanted to make a deposit to cover the shortage—-
“The USA has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. [fiat] dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, [the Federal Reserve] can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined [Federal Reserve] can always generate higher spending and hence positive inflation.”
– Ben Bernanke
Muhahahahahahahahahahahahahaha!
Muhahahahahahaha!
….. TRANSLATION—
“Oh, the shuddering shoe and the blinkety-blanks when the punglung falls from the bough in the blast of a hurricane’s hicketty-hanks over the hills of the hocketty-how”
Wow. You have a printing press to pay for whatever amount of liability you will have to “incur” from this breach of security. Self indemnification.
http://www.youtube.com/watch?v=CJLffjZApZw
Economic collapse is here.
http://www.youtube.com/watch?v=CJLffjZApZw
Economic collapse is here.