Quote For The Week

“The question we now have to ask is if technologically it is possible to make an impenetrable device or system where the encryption is so strong that there is no key. There is no door at all. Then how do we apprehend the child pornographer? How do we solve or disrupt a terrorist plot? What mechanisms do we have available to even do simple things like tax enforcement? Because, if in fact you can’t crack that at all- government can’t get in- then everybody is walking around with a Swiss bank account in their pocket…”

-U.S. President Barack Obama, speaking at the South by Southwest (SXSW) festival on March 11, 2016

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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2 Comments to Quote For The Week

  1. That’s what they’re really worried about now, isn’t it??? TAXES.

  2. Goatlover on March 17th, 2016
  3. Thanks for the comment Goatlover. I think it’s primarily about the money (taxes). Considering the state of the country’s finances, it only makes sense Uncle Sam would want to make monitoring private citizens’ wealth as easy as possible. Hence, the chatter regarding digital currencies, eliminating the $100 bill, banks restricting what can be stored in safe deposit boxes, etcetera- the so-called “War on Cash.” It’s important to keep the “big picture” in mind when looking at the encryption “debate.”

  4. Editor on March 17th, 2016
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RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

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