Ted Koppel Is Buying Freeze-Dried Food For The Day When A Cyberattack Takes Out The Power Grid

Central Park - Public DomainMost Americans have absolutely no idea how incredibly vulnerable our electrical grid is, but Ted Koppel does.  For many years, Koppel was the level-headed host of Nightline on ABC, but now he is issuing a very chilling warning to America.  For more than a year, he investigated potential threats to our power grid, and he has detailed what he discovered in a new book entitled “Lights Out“.  He is convinced that a massive cyberattack could take down our entire electrical grid for an extended period of time, and he was horrified to learn that the Department of Homeland Security really doesn’t have a plan for how to deal with this kind of a scenario.

What Koppel found out during the course of his investigation freaked him out so much that he actually decided to buy freeze-dried food for himself, his children, and even his grandchildren.  The following comes from CBS News

In “Lights Out,” Koppel paints a grim picture of a paralyzing power outage in the form of an all-out cyberattack on the nation’s electrical grid.

“It’s frightening,” Koppel said. “I mean, it is frightening enough that my wife and I decided we were going to buy enough freeze-dried food for all of our kids and their kids.”

Koppel believes that Russia, China and Iran already have the ability to conduct such attacks.  And actually, the truth is that many other nations such as North Korea have been rapidly developing the capability to conduct such operations as well.

It is only a matter of time until we see absolutely massive cyberattacks unleashed against national power grids, and the United States is the most likely target.  Unfortunately for us, our government has done very little to prepare for this eventuality.  Here is more from CBS News

Koppel says the one agency that would be ready to counter a cyberattack such as this is the Department of Homeland Security. But are they ready?

“No,” he said. “I’ve talked to every former Secretary of Homeland Security, and they all acknowledge there is no plan.”

And the current Secretary, Jeh Johnson, didn’t offer much guidance to Koppel, either: “I kept asking ‘What’s the plan?’ Why wait until disaster strikes? Why not tell ’em? Do you have a plan?’ And he just sort of pointed up at a shelf filled with white binders and he said, ‘Look, I’m sure there’s something up there somewhere.'”

But we have been warned.  In fact, just recently there was a major congressional hearing about this.  At that hearing, one member of Congress explained that there is a significant attack on our power grid once every four days

Such attacks hit the nation’s electric grid once every four days, according to estimates, Rep. Randy Weber, a Texas Republican, said at the House Subcommittee on Research and Technology hearing. The session was focused on better protecting the nation’s power grid and identifying its vulnerability to cyberattacks.

In over 300 cases of significant cyber and physical attacks since 2011, suspects have never been identified,” Weber said.

And of course it isn’t just a cyberattack that we need to be concerned about.  As I wrote about just over a month ago, a giant electromagnetic pulse either from the sun or from a weapon could fry our grid at any time as well.

Perhaps this is not something that you are making preparations for personally, but the White House sure is.  According to the Houston Chronicle, the White House just released a plan that details how it would respond to an EMP event…

The White House Thursday released a contingency plan for about the most terrifying scenario possible: a massive electromagnetic pulse (EMP) that wipes out the power grid.

Just imagine no more cell phones, Internet, credit cards, gas pumps, running water, electric lights or industry in a single fateful moment.

It could come from a solar flare that sends ultra-high-energy particles cascading toward the earth, frying every electrical transformer they encounter. So the White House, in conjunction with 24 other federal agencies, published a “National Space Weather Strategy” and accompany action plan, outlining a response if such a disaster were to occur.

I don’t know if any of us can really imagine how crazy things would get if the lights went out and never came back on.  We have all become so incredibly dependent on computers, cell phones, televisions, ATMs, heating and cooling systems, credit card readers, gas pumps, cash registers, refrigerators, hospital equipment etc.  What would life be like if suddenly we couldn’t use any of those things anymore?

At some point there will be a massive power grid failure.  It is just a matter of time.  And as space weather consultant John Kappenman recently told Gizmodo, when it happens power might not be restored for months or even years…

“If you take electricity away, either immediately or within a short period of time, you’ll suffer the failure of all critical infrastructure,” Kappenman said. This includes things like water, sewage treatment, gas stations, banks and hospitals. “One of the concerns that we have is that in the worst case scenarios, we could be looking at weeks, months, maybe even years before restoration of the grid.”

That’s why preppers are taking a longer view. “I have a five year supply of food for employees and family,” a source who requested anonymity told Gizmodo. This individual says he’s rigged up a 12.5 kW solar array in the “remote wilderness,” complete with “power outlets and water spigots about every 50 feet” to support a small fleet of RV trailers for the long haul. Other preppers agree that a multi-year food and water supply is crucial. Some are also stockpiling large quantities of medications (“five year supplies of meds can be obtained from Asia without prescriptions,” one source told Gizmodo).

For much more on what we could potentially be facing, I encourage you to check out the following articles…

-“Electromagnetic Pulse: One Day We Will Wake Up In An America Without Electricity And Society Will Totally Break Down

-“The EMP Threat: All It Would Take Is A Couple Of Explosions To Send America Back To The 1800s

-“What Are You Going To Do When A Massive EMP Blast Fries The U.S. Electrical Grid?

So how can we get prepared?  The YouTube video that I have posted below was produced by Infowars, and it contains advice from renowned survivalist experts including James Wesley Rawles.  I think that you will find it to be very helpful…

 

What In The World Just Happened To The New York Stock Exchange?

New York Stock Exchange - Public DomainDo you believe that the New York Stock Exchange shut down because of a “technical glitch” on Wednesday?  At 11:32 AM on Wednesday morning, trading on the New York Stock Exchange was halted due to “internal technical issues”, and it did not resume until 3:10 PM.  Officials insist that there is no evidence that a cyberattack caused the technical problems even though hactivists had hinted that something may happen the night before.  Adding to the suspicion is the fact that United Airlines and the Wall Street Journal also experienced very serious “technical glitches” on Wednesday.  Others found it very curious that trading on the NYSE was halted just after Chinese stocks had absolutely plummeted the night before.  In fact, Hong Kong’s Hang Seng Index experienced the largest one day decline that we have witnessed since November 2008.  So is there more going on here than meets the eye?

Overall, the Dow was down 261 points on Wednesday, and the Dow and the S&P 500 both closed below their 200 day moving averages.  Iron ore had its biggest daily price drop ever, and the price of oil continued to decline.  But it was the stunning shut down of the New York Stock Exchange that made headlines all over the world

The New York Stock Exchange, United Airlines and the Wall Street Journal have all fallen victim to a series of massive technical glitches within hours of each other.

NYSE halted all trading for ‘technical reasons’ at 11:32am and only reopened at 3:10pm – but says the problem is an internal one and not the result of a cyberattack.

It comes as tens of thousands of United Airlines passengers were stranded at U.S. airports on Wednesday morning after all of the carrier’s flights were grounded nationwide due to a computer system glitch.

The Wall Street Journal was also left unable to publish after its systems came under attack and has been forced to switch to an alternative site design.

In response to the shut down, the following photo began circulating on Twitter…

But was it really just a “technical glitch”?

Of course they probably would never admit it publicly if it was a cyberattack.  We live at a time when the authorities are much more concerned with keeping everyone calm than they are about telling us the truth.  So in the end all we can really do is speculate about what really happened.

But what we do know is that the stock market crash in China got even worse the night before this shutdown.  The Shanghai Composite Index and the Hang Seng Index both declined by almost six percent overnight.  Overall, the Shanghai Composite Index is now down by more than 30 percent in less than a month, and the Chinese version of the NASDAQ is down by more than 40 percent

In just three weeks, stocks listed on mainland China’s most prominent exchange have fallen by more than 30% from their seven-year highs. The even more speculative ChiNext Index has lost 42% of its value over the 21 days.

Government regulators have now banned, for six months, Chinese executives from selling stock in their own companies. This is only one of a number moves made by panicked officials.

At this point, trading for approximately 45 percent of all stocks on the Shanghai and Shenzhen exchanges has been suspended.  So as a result the selling has bled over to the Hang Seng Index in Hong Kong, and this has caused tremendous chaos

Hong Kong’s benchmark stock gauge plunged the most since the global financial crisis as an equity rout in mainland China rippled across Asia.

The Hang Seng Index fell 5.8 percent to 23,516.56 at the close today, the biggest drop since November 2008, after slumping as much as 8.6 percent.

Even though the Chinese have been trying all sorts of crazy things to stop the crash, nothing has worked.  Instead, the selling restrictions have only seemed to fuel the panic even more…

Investors are disappointed and afraid that the Chinese policy makers lost control of the market,” said Mari Oshidari, a Hong Kong-based strategist at Okasan Securities Group Inc. “With no end in sight to the plunge, sentiment has turned cold. With liquidity drying up in the mainland, the Hong Kong market is being sold instead –- the only thing it can do is just quietly take the storm.”

Meanwhile, things over in Europe have become more ominous as well.  As I wrote about yesterday, EU officials have declared this week to be “the final deadline” for making a deal with Greece.  On Wednesday, Greece applied for a new three year emergency loan, and European officials have said that they will consider it

A race to save Greece from bankruptcy and keep it in the euro gathered pace on Wednesday when Athens formally applied for a three-year loan and European authorities launched an accelerated review of the request.

Greek Prime Minister Alexis Tsipras called in a speech to the European Parliament for a fair deal, acknowledging Greece’s historic responsibility for its plight, after EU leaders gave him five days to come up with convincing reforms.

The government submitted a request to the European Stability Mechanism bailout fund to lend an unspecified amount “to meet Greece’s debt obligations and to ensure stability of the financial system”. It promised to begin implementing tax and pension measures sought by creditors as early as Monday.

But there is still a tremendous amount of skepticism about whether a deal can be reached.  The Greeks want debt relief, but the Germans have completely ruled out any sort of a debt haircut.  Most of the rest of the EU nations are siding with the Germans, and unless the Greek government caves in at the last moment it appears that a “Grexit” is quite likely.

For most people, the events of 2008 have long since faded from their memories.  After years of soaring stock prices, many in the financial world have become extremely comfortable.  But as we are seeing in China, what goes up must eventually come down.

And the shut down of the New York Stock Exchange today should be a huge wake up call for all of us.  We have become extraordinarily dependent on computers and technology, and this makes us exceedingly vulnerable.  Someday, we might just experience a cyberattack that causes a tremendous amount of permanent damage that cannot be undone.

What will we do then?

Our world is becoming increasingly unstable, and events are beginning to accelerate as we enter the second half of 2015.

So what comes next?  Please feel free to share what you think by posting a comment below…

Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time

Cyberattack - Public DomainWall Street banks are getting hit by cyber attacks every single minute of every single day.  It is a massive onslaught that is not highly publicized because the bankers do not want to alarm the public.  But as you will see below, one big Wall Street bank is spending 250 million dollars a year just by themselves to combat this growing problem.  The truth is that our financial system is not nearly as stable as most Americans think that it is.  We have become more dependent on technology than ever before, and that comes with a potentially huge downside.  An electromagnetic pulse weapon or an incredibly massive cyberattack could conceivably take down part or all of our banking system at any time.

This week, the mainstream news is reporting on an attack on our major banks that was so massive that the FBI and the Secret Service have decided to get involved.  The following is how Forbes described what is going on…

The FBI and the Secret Service are investigating a huge wave of cyber attacks on Wall Street banks, reportedly including JP Morgan Chase, that took place in recent weeks.

The attacks may have involved the theft of multiple gigabytes of sensitive data, according to reports. Joshua Campbell, supervisory special agent at the FBI, tells Forbes: “We are working with the United States Secret Service to determine the scope of recently reported cyber attacks against several American financial institutions.”

When most people think of “cyber attacks”, they think of a handful of hackers working out of lonely apartments or the basements of their parents.  But that is not primarily what we are dealing with anymore.  Today, big banks are dealing with cyberattackers that are extremely organized and that are incredibly sophisticated.

The threat grows with each passing day, and that is why JPMorgan Chase says that “not every battle will be won” even though it is spending 250 million dollars a year in a relentless fight against cyberattacks…

JPMorgan Chase this year will spend $250 million and dedicate 1,000 people to protecting itself from cybercrime — and it still might not be completely successful, CEO Jamie Dimon warned in April.

Cyberattacks are growing every day in strength and velocity across the globe. It is going to be continual and likely never-ending battle to stay ahead of it — and, unfortunately, not every battle will be won,” Dimon said in his annual letter to shareholders.

Other big Wall Street banks have a similar perspective.  Just consider the following two quotes from a recent USA Today article

Bank of America: “Although to date we have not experienced any material losses relating to cyber attacks or other information security breaches, there can be no assurance that we will not suffer such losses in the future.”

Citigroup: “Citi has been subject to intentional cyber incidents from external sources, including (i) denial of service attacks, which attempted to interrupt service to clients and customers; (ii) data breaches, which aimed to obtain unauthorized access to customer account data; and (iii) malicious software attacks on client systems, which attempted to allow unauthorized entrance to Citi’s systems under the guise of a client and the extraction of client data. For example, in 2013 Citi and other U.S. financial institutions experienced distributed denial of service attacks which were intended to disrupt consumer online banking services. …

“… because the methods used to cause cyber attacks change frequently or, in some cases, are not recognized until launched, Citi may be unable to implement effective preventive measures or proactively address these methods.”

I don’t know about you, but those quotes do not exactly fill me with confidence.

Another potential threat that banking executives lose sleep over is the threat of electromagnetic pulse weapons.  The technology of these weapons has advanced so much that they can fit inside a briefcase now.  Just consider the following excerpt from an article that was posted on an engineering website entitled “Electromagnetic Warfare Is Here“…

The problem is growing because the technology available to attackers has improved even as the technology being attacked has become more vulnerable. Our infrastructure increasingly depends on closely integrated, high-speed electronic systems operating at low internal voltages. That means they can be laid low by short, sharp pulses high in voltage but low in energy—output that can now be generated by a machine the size of a suitcase, batteries included.

Electromagnetic (EM) attacks are not only possible—they are happening. One may be under way as you read this. Even so, you would probably never hear of it: These stories are typically hushed up, for the sake of security or the victims’ reputation.

That same article described how an attack might possibly happen…

An attack might be staged as follows. A larger electromagnetic weapon could be hidden in a small van with side panels made of fiberglass, which is transparent to EM radiation. If the van is parked about 5 to 10 meters away from the target, the EM fields propagating to the wall of the building can be very high. If, as is usually the case, the walls are mere masonry, without metal shielding, the fields will attenuate only slightly. You can tell just how well shielded a building is by a simple test: If your cellphone works well when you’re inside, then you are probably wide open to attack.

And with electromagnetic pulse weapons, terrorists or cyberattackers can try again and again until they finally get it right

And, unlike other means of attack, EM weapons can be used without much risk. A terrorist gang can be caught at the gates, and a hacker may raise alarms while attempting to slip through the firewalls, but an EM attacker can try and try again, and no one will notice until computer systems begin to fail (and even then the victims may still not know why).

Never before have our financial institutions faced potential threats on this scale.

According to the Telegraph, our banks are under assault from cyberattacks “every minute of every day”, and these attacks are continually growing in size and scope…

Every minute, of every hour, of every day, a major financial institution is under attack.

Threats range from teenagers in their bedrooms engaging in adolescent “hacktivism”, to sophisticated criminal gangs and state-sponsored terrorists attempting everything from extortion to industrial espionage. Though the details of these crimes remain scant, cyber security experts are clear that behind-the-scenes online attacks have already had far reaching consequences for banks and the financial markets.

In the end, it is probably only a matter of time until we experience a technological 9/11.

When that day arrives, will your money be safe?

Do NOT follow this link or you will be banned from the site!