Why I’m probably on a watch list

From the Guardian reporting on Glenn Greenwald’s new book:

One document from the Snowden files, dated 3 October 2012, chillingly underscores the point. It revealed that the agency has been monitoring the online activities of individuals it believes express "radical" ideas and who have a "radicalising" influence on others. The memo discusses six individuals in particular, all Muslims, though it stresses that they are merely "exemplars".

The NSA explicitly states that none of the targeted individuals is a member of a terrorist organisation or involved in any terror plots. Instead, their crime is the views they express, which are deemed "radical", a term that warrants pervasive surveillance and destructive campaigns to "exploit vulnerabilities".

Among the information collected about the individuals, at least one of whom is a "US person", are details of their online sex activities and "online promiscuity" – the porn sites they visit and surreptitious sex chats with women who are not their wives. The agency discusses ways to exploit this information to destroy their reputations and credibility. […]

All of the evidence highlights the implicit bargain that is offered to citizens: pose no challenge and you have nothing to worry about. Mind your own business, and support or at least tolerate what we do, and you'll be fine. Put differently, you must refrain from provoking the authority that wields surveillance powers if you wish to be deemed free of wrongdoing.

This is a deal that invites passivity, obedience and conformity. The safest course, the way to ensure being "left alone", is to remain quiet, unthreatening and compliant.

Are you going to remain quiet because you are afraid of being put on a watch list? You are part of the problem. Reform will require an expansion of consciousness to the point where people can begin actually think about things as deeply troubling as whether Building 7 which wasn’t hit by anything at the World Trade Center didn’t collapse because of the little fire on the third floor, but was professionally demolished….

It is frightening to contemplate what our government has become. Follow your conscience.

First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out--
Because I was not a Jew.

Then they came for me--and there was no one left to speak for me.

--Pastor Martin Niemöller

What currency shall we trade in?

From my reading and YouTubing it would seem that the question on the mind's of the Russians and others who resent the dollar's hegemony as a reserve currency is this:

How destabilizing would it be to accept payment in another currency for our oil (Saudis), gas (Russia), or other heavily traded good?

The Chinese stopped accumulating Treasuries a year ago but along with the Japanese still own a bundle, and would like for the purchasing power of those securities not to fall while they're buying up real assets (land, capaital goods) in places like Africa.

My entirely subjective estimate is that if the Russians started asking for gold or Euros for their gas that the dollar would swoon but not collapse. As Yves pointed out the other day, that would technically speaking increase the desirability of our export goods, while dosing those of us stateside with some cost push inflation on our imported goods (oil, i.e., gasoline for most of us and other goods).

Meanwhile the Chinese are letting their yuan swoon a bit within a wider trading band, indicating that they are still in the race to the bottom as far as currency devaluation goes. The Russians are reported to be fighting the decline of the ruble by raising gas prices.

I keep hearing about the currency reset, how the feds will split off an international ("scheiss") dollar that will be about a third less valuable than the current dollar. I really don't know how you do this except through forex market interventions to debase the dollar by flooding the market with them. Could happen by dint of others' interventions as well. But as I say, not everyone abroad wants to see the dollar collapse.