Search
 
 
       
 
We Are the Borg, Resistance Is Futile:
Part II
Minimize
 

 

Wednesday, May 10, 2006
Vol. 8 No. 93
In Today's Letter:
Comment: Got a Chip in Your Shoulder? Part II
Offshore: The Caymans Face A Bad Rep
Wealth: Loonie Near 30-Year High
Privacy & Rights : Consumers Don't Have a Clue
We Are the Borg, Resistance Is Futile: Part II

Yesterday, Mark Nestmann compared the present-day practice of implanting microchips under people's skin to the fictional characters "the Borg" in Star Trek: Next Generation, who implanted every member of their society to create a "hive intelligence." Today, he continues to discuss this escalating trend - that could make the average consumer or citizen a somewhat "Borg-like" individual.

Dear A-Letter Reader:
As more industries point out the advantages of implanting microchips under individuals' skin, you have to wonder if the day will come when resistance to this new "safer, easier" method of identification really will be futile.

Banks are already excited about the prospects of implantable microchips. Credit and debit cards can be lost or stolen, putting your money at risk. But an implanted microchip can also link you directly to your bank account and can never be lost.  In addition, it eliminates the need to use cash. Why risk using cash, which can be lost or stolen, when a more secure microchip implant is available? 

Banks also dislike cash, because it doesn't earn money for the bank. Governments don't like cash because cash isn't easily tracked.  It doesn't take much imagination to predict that once implantable microchips are widely used for financial transactions, momentum will build for cash to be eliminated (as a security and anti-crime measure, of course).

A world with most humans living with implantable microchips could evolve into the ultimate police state. Microchips would replace all of current forms of ID such as passports, driver's licenses, social security and credit/debit cards. You might not be able to withdraw money from the bank without it, receive benefits from the government without it or buy or sell anything without it. The chip would also include data on your family history, address, occupation, criminal record, income tax information etc. 

At the touch of a button, your assets could be frozen, medical treatment denied, etc. The ultimate punishment would be to have your chip deactivated.  In that case, you could no longer exist, since all personal and financial interactions would require verification of identity and confirmation of sufficient assets to complete a transaction. 

Yet, most people would probably go along with the system, because of its potential to reduce crime, make medical care more accessible, etc. "There are enough benefits that outweigh the concerns people have about privacy," claims ADS Chairman and CEO Richard Sullivan. It's even possible that an advanced microchip could be equipped with a satellite modem to allow you to browse the Internet anywhere you are.  This ability begins to approach the "collective consciousness" achieved by the fictional Borg.  

Proponents of implantable microchips deny such a nightmare scenario could come to pass, because their use is "voluntary." But "voluntary" is not an appropriate word to describe something that might one day be required to merely exist as a human being.  I have the option of eating at different times of the day, but it cannot be said that for me eating is "voluntary." 

An example of how "voluntary" is actually "involuntary" recently emerged from Great Britain, where the Tory party has proposed that pedophiles receive microchip implants after their release from prison that would allow them to be tracked by satellite.  Release would be conditional on "voluntarily" receiving an implant. The government would know not only whether pedophiles visited locations such as schools or parks but, based on a proposal by one company, whether they are sexually excited.

What politician in Britain or anywhere else has the guts to stand up in favor of the privacy rights of pedophiles? Yet, by implanting microchips into the likes of pedophiles and other persons whose proclivities disgust most people, we begin descending a slippery slope into Borg-dom. 

An industry that's built around tagging human beings against their will grow powerful as it consumes tax dollars and forges alliances with the rich and politically connected.  Like all industries, it will try to expand its market, and create products and scenarios to make expansion politically expedient. 

Lobbyists will funnel campaign contributions to politicians and urge them to expand mandatory chipping, say to parolees and ex-felons. Once this is accomplished, they'll argue that society would be safer if all convicted criminals had a chip implant. Next (for safety's sake, of course) lawmakers will require workers in high-risk or high-security occupations-police, prison guards, drivers transporting hazardous materials, etc.-to be chipped.  After that, potential offenders will be tagged involuntarily-e.g., gun owners, persons working with children ...ANYONE.

There should be a core principle that microchips should never be implanted in anyone, unless it's a truly voluntary act. You'll be reading a lot about implantable microchips in the future.  When governments begin proposing their use to track society's undesirables, I hope that you have the courage to stand up for their rights. For by defending their rights, you defend your own, and prevent society's descent into the Borg.

MARK NESTMANN, Wealth Preservation and Tax Consultant
on behalf of The Sovereign Society
assetpro@nestmann.com
http://www.nestmann.com

EDITOR'S NOTE: If you missed "Part I" of Mark Nestmann's article, click here .

Advertisement

Are You Ready to Get the Government Off Your Back Once and for All?

And to stop overpaying your taxes?...And to pocket investment profits of 200%, 640%, 900% -- or even more?

Then, keep reading - because we're about to reveal to you the inside, money multiplying secrets of how YOU can...

Click below to learn more:
LINK: http://www.isecureonline.com/reports/190SFORD/W190G102/ 

Offshore

Caymans Dispute Their Bad Rep, But Remain Under the UK's Thumb
Ever since the 1993 film "The Firm," the Cayman Islands have been trying to drop their reputation as a "money-laundering" nation. According to Reuters, Cayman officials are quick to point out...
  • The Caymans are home to more than 7,100 hedge funds over the last decade
  • 70 - 80% of all hedge funds are registered in the Caymans
  • More importantly, this nation has no corporate or income taxes, so global investors can invest in Cayman hedge funds without facing tax charges.

All good points to the Caymans' favor. However, because the Caymans remain a British Overseas Territory, they are ultimately under the thumb of London and its pressures to crack privacy. For that reason, we don't recommend them as a banking haven.

Wealth/Investments

Canadian Dollar Blasts to Highest Level since 1978...  But It Could Go a Lot Higher Still

The Canadian dollar, or loonie, is now within striking distance of par value versus the US dollar for the first time since 1976. In April, the Canadian dollar surged 4.3% versus the sagging U.S. dollar and now stands at US$0.90 cents. This is just 10% from par value and the loonie's highest level since 1978. From its all-time low of C$1.613 on January 18, 2002, the Canadian dollar has rallied a cumulative 31.5%. The commodities bull market, Canada's trade surplus and Canada's healthy budget surplus all continue to lure foreign investors to Canadian assets. The benchmark S&P/TSX Composite Index, which has over 40% of its essential assets invested in natural resource stocks, has been hitting new all-time highs almost daily since March. The S&P/TSX now stands at 12,275 - up 116% in U.S. dollars since January 2003. The latest trigger for this rally was breaking news in April that Canada cancelled two bond sales - an incredible decision in an environment of rising global debt levels and historically low interest rates in Canada.        

ERIC ROSEMAN, Investment Director
on behalf of The Sovereign Society 

Privacy&Rights

Few Consumers Know They're Digitally Tracked

In previous A-Letters, we have often commented on Radio Frequency Identification (RFID), the wireless technology that effectively tracks individuals.  (This same technology is being considered for biometric passports.) But according to Consumer Reports, our readers may be some of the few who know about this stealth tracking technology. Consumer reports found "consumers are barely aware" of RFID, yet this technology is being used to track credit cards, prescriptions, TVs, cell phones, work offices, computer equipment, and even clothing (imagine someone can track you down through a tiny microchip sewn into your underwear). RFID tags, via a microchip and tiny antenna, send information streaming through the air to any compatible reader within range - up to 750 feet for some tags. So there are obvious privacy concerns. Basically as this technology grows, identity thieves and the federal government can snatch sensitive material right out of the air about you and your purchases. This apparently doesn't sit well with most consumers, so the RFID industry has launched a public relations campaign to convince you that information sharing RFID is for your own good. Needless to say, we're not convinced yet.

For more information on RFID click here .

Advertisement

The Emerging Energy Crisis Will Shake the U.S. to its Foundations... Take Action Now with a Select Group of Stocks Poised to Soar.
  • U.S. Strategic oil reserves fall to new lows.
  • Saudis reveal they won't be able to meet oil demand-first time EVER they've admitted the awful truth.
  • Former oilman George W. Bush warns that "tyrants control the spigots."
  • "Energy Alley"-supplying a third of U.S. oil-is still recovering from Katrina and Rita. Yet the Weather Service predicts the 2006 hurricane season will be just as harsh.

Learn how you can protect yourself from this crisis:

LINK: http://www.isecureonline.com/Reports/SVS/ESVSG504/

 

 
 
 Print    
   
 Events Minimize
   

Offshore Advantage Academy ImageOffshore Advantage Academy
Marriott Casa Magna
Cancun, Mexico
November 5-8, 2008
 

FX University LogoFX University
Your Chance to break free from the Dollar...
Coming soon to a city near you!