Perth Now – THE Australian government is employing specialist surveillance officers to ready ourselves for the next generation of warfare, which will be fought with computers rather than guns.
Working with the US, UK, Canada and New Zealand as part of the not-so-secret ‘Five Eyes’, the group has even bugged UN leaders Kofi Annan and weapons inspector Hans Blix.
New leaks published by Spiegel, using information leaked from Edward Snowden, show how wars will be fought in cyberspace.
It has started – WW3. Not the traditional warfare fought with guns and bombs, but an unseen war fought with invisible cyberspace and currency. Following the currency attack on the Russian rouble, the Swiss sudden de-peg of the franc-Euro rate unleashed a currency nuclear war in the money markets. Several trading houses were demolished in just one day.
The $400 million of cumulative losses that Citigroup Inc., Deutsche Bank and Barclays Plc are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in coming days.
“The losses will be in the billions – they are still being tallied,” said Mark T. Williams, an executive-in-residence at Boston University specializing in risk management. “They will range from large banks, brokers, hedge funds, mutual funds to currency speculators. There will be ripple effects throughout the financial system.”
Currency trades are highly leveraged with the consequence of huge profits/losses even with small movements of exchange rates.Dr Malmgren, a former White House Presidential advisor told King World News: “Just to put it into perspective, the implied volatility on Euro/Swiss and Dollar/Swiss had been less than 1 percent for the coming year. Then the Swiss made the stunning announcement and the currency moved 43 percent in half an hour….” The 43% move of the franc-Euro is horrific by any standards.”
As days go by, the full extent of the financial carnage will eventually emerge. The Daily Star reported: “The losses will be in the billions – they are still being tallied,” said Mark T. Williams, an executive-in-residence at Boston University specializing in risk management. “They will range from large banks, brokers, hedge funds, mutual funds to currency speculators. There will be ripple effects throughout the financial system.”
That is on the currency war front. The world should be getting jittery for another catastrophic eventuality in possible massive cyber wars capable of taking out the whole world back into the stone age. Snowden leaks suggested massive cyber espionage involving huge secret data by governments. It added:
And we’re not talking about a few stolen files or leaked movies, it will be the full take down of power plants, phone networks and transport systems. ….
“The next major conflict will start in cyberspace”
One of the leaked NSA presentations claims that our next major war will be fought digitally. Because of that, the US government is arming itself for network warfare. Almost every part of modern life is vulnerable — from hospitals needing power to the computerised cars we all drive. The leaked documents eloquently word it as “the ability to control/destroy critical systems and networks at will through pre-positioned accesses (laid in Phase 0).”
Geopolitical tensions are mounting. Once a trigger point is reached, it could ignite the ultimate cyber war. This is no longer a remote possibility, but a highly probable outcome. Once pushed to a corner and there is nothing more to lose, someone, someday will pull out all stops and bring the world to its knees.
But when ye shall hear of wars and commotions, be not terrified: for these things must first come to pass; but the end is not by and by.