The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Wednesday, June 29, 2011
Stupidity Reins Once Again: This Time with the U.S. Navy
"Last year, the U.S. Navy bought 59,000 microchips for use in everything from missiles to transponders and all of them turned out to be counterfeits from China." (First, what are we doing, especially our military, buying chips from China?) Now, it gets even more stupid. Wired reports the chips weren't only low-quality fakes, they had been made with a "back-door" and could have been remotely shut down at any time. If left undiscovered, the results could have rendered useless U.S. missiles and killed the signal from aircraft that tells everyone whether it's friend or foe. (Second, where is the uproar from the media? This is something that should be one of the top stories of the day! However, I doubt that anyone will be discussing this on the evening news.)
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