5 ms·
As far as funding goes, I heard an interesting program[1] recently on History Counts[2] which claimed that the CIA was covertly funding its own operations in So
by gnosis 13y ago
As far as funding goes, I heard an interesting program[1] recently on History Counts[2] which claimed that the CIA was covertly funding its own operations in Southeast Asia through drug trafficking.[3][4]
In comparison, the wholesale spy program that's been in the news recently has far more potential for profit through economic espionage, blackmail, and various types of political manipulation. It could easily be self-financing if the information gathered through it was exploited.
This program is a proverbial goose laying golden eggs for the government. I really can not imagine them closing it down over a bit of bad press (which will probably die down and blow over as soon as the next big scandal hits).
[1] - http://www.radio4all.net/index.php/program/30027 http://www.radio4all.net/index.php/program/30027
[2] - http://www.radio4all.net/index.php/series/History+Counts http://www.radio4all.net/index.php/series/History+Counts
[3] - A small excerpt:
Q: "Through the drug profits, were these operations essentially self-financing?"
A: "Everything in the Far East was self-financing"
Q: "And they were off the books, so there was no public record or accounting?"
A: "Of course I'm speculating here, because no one has done me the favor of showing me the CIA's books, but I think when we get to the scale of a 35,000 man army in Laos in the 1960's -- Congress found out about that and held hearings in to it and were complaining they've never been told about it, so I assume all of that was financed by the drug traffic than it was -- whatever input there was from the CIA's legitimate budget was minimal compared to what was happening... that was built up continuously from the 1950's"
[4] - I'm not saying I believe in this particular conspiracy theory. I've really not looked in to this subject beyond this one History Counts show. But I could see something like it happening, and the current mood is one where such conspiracy theories are starting to look more probable than usual.
- fnordfnordfnord 13y agoExactly. With the access to information that the NSA has they could easily feed themselves, and may already do so to some extent. PS WRT CIA funding things in Southeast Asia, there was a movie Air America about that. I have no idea how close to the truth any of it was, but I liked the movie.
- malandrew 13y agoForget drug trafficking. That's peanuts and far more risky that the other alternatives they have. They could easily fund themselves with the information they are gathering by just maintaining a large investment fund that trades on any investments vehicles that are unlikely to result in insider trading finger pointing, such as commodities and currency. Equity and debt markets would be hard to work with at scale and not get caught, but commodities and currency leave more than enough room to accumulate a sizeable operating budget if your information is very good. Were I an institutional investor, I'd be very concerned about participating in the markets given this possibility.