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Free Software Helps Privacy, Which Helps Whistleblowers, Who in Turn Help Battle Financial Fraud

Posted in Finance, Free/Libre Software at 11:41 am by Dr. Roy Schestowitz

Hervé Falciani
Photo from The International Herald Tribune

Summary: In the age of imminent national bankruptcies and whistleblowers like Hervé Falciani (naming those who robbed these nations) we need better cryptology, which necessitates Free/libre software

SEVERAL weeks ago we explained the correlation between Free/libre software and justice, stressing that financial crimes will inevitably be hampered by transparency, or the forced transparency that comes about through real reporters with valuable, protected sources. We need to help people like Rudolf Elmer, who witness and report illegal activities that cost society trillions of dollars. Those who don’t agree that helping Elmer is a good thing probably have other issues, or maybe they just don’t understand how serious the financial issues really are. Wealth is being transfered to billionaires by creating greater national debt that emburdens the middle and low classes for generations to come (austerity).

“Wealth is being transfered to billionaires by creating greater national debt that emburdens the middle and low classes for generations to come (austerity).”According to The Economist, another kind of ‘Elmer’ is out there now [1] (an Italian one, not the Greek one) and Greenspan, one of the engineers of the aforementioned transfer of wealth, tells the BBC [2] that he foresees the possibility of the US defaulting after the plutocrats robbed the nation (with his help). No wonder that, according to the Russian press, people are starting to get seriously fed up with capitalism [3]. All they see is what Greenspan calls “crony capitalism”; he says that the US is starting to join the ranks of nations like China and Russia (which barely have any debt) when it comes to “crony capitalism”, perhaps distancing himself from the reality that he himself helped usher in “crony capitalism”. Economists are more like clergymen than artists; they’re definitely not scientists and their creed assumes the world is an infinite object with infinite resources. Bailout is like rapture to these people; oh, and they don’t care about people, either. In business schools they are trained to have little value for people, which makes them sociopaths, lacking empathy (good for business).

The bottom line is, the world enters a phase of serious turmoil due to class warfare and colossal theft. If we don’t manage to expose those who perpetrate these crimes (theft) by releasing authentic information, then we, the 99.[9]*%, will lose this battle — a long and excruciating battle for justice. Software audits (with build process that requires source code to be free) and cryptology are prerequisites in the fight for a real, functioning democracy, not a corporocracy ruled by plutocracy and opportunistic wolves who call themselves politicians.

Related/contextual items from the news:

  1. The fall-out from Falciani
  2. Greenspan fears US government set for more debt stalemate

    Former US Federal Reserve Chairman Alan Greenspan has said that a repeat of the crisis that brought the country close to default is “perfectly conceivable”.

  3. About 60 percent of Russians see communism as good system – poll
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