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State-Sponsored Commercial Espionage: The Global Theft of Ideas — Larry Romanoff

Summary:
After digesting its massive theft of ideas, things and people from Operation Paperclip following the end of World War Two, the US wasted no time in designing and implementing the world’s largest network of commercial espionage that has ever existed, and one which still exists in vastly expanded form today – as we saw from the revelations by Edward Snowden.... Today, Echelon attempts to intercept and monitor every communications transaction transmitted by satellite, undersea cables, fiber optic, telephone lines, microwave and more, spying on every nation and, if possible, on every person, on earth. Moreover, it sorts and stores all this information in perpetuity, in the world’s largest database located in the American desert, in Bluffdale, Utah. This is state-sponsored commercial

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After digesting its massive theft of ideas, things and people from Operation Paperclip following the end of World War Two, the US wasted no time in designing and implementing the world’s largest network of commercial espionage that has ever existed, and one which still exists in vastly expanded form today – as we saw from the revelations by Edward Snowden....
Today, Echelon attempts to intercept and monitor every communications transaction transmitted by satellite, undersea cables, fiber optic, telephone lines, microwave and more, spying on every nation and, if possible, on every person, on earth. Moreover, it sorts and stores all this information in perpetuity, in the world’s largest database located in the American desert, in Bluffdale, Utah. This is state-sponsored commercial espionage on a global scale, intended primarily to benefit US multinational corporations in their quest for global dominance....
But look over there — China, Huawei. (snark)

Actually, "everyone" (that can) does it."

The US is not the only nation engaging in this activity. According to Robert Gates, a former CIA Director, there are about 20 countries that engage in state-sponsored economic espionage in the US. The worst offender is Israel, followed by France, Russia, and Britain. China is not high on this list....
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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