US high-tech companies, already suffering in a fantasy economy propped up by Keynesian stimulus and undermined by outsourcing, international trade agreements and automation, are now really feeling the heat from the blowback of slow-creep Snowden revelations. Nobody wants a backdoored Cisco router or Microsoft operating system. It’s so bad that DARPA/NSA darlings like Google and Facebook are rebelling against their benefactors in protest, if only in a superficial theatrical motion to save face for full complicity in all of this.
Now, the lucrative “Lord of War” defense sector, specializing in selling weapons to tinpot dictators worldwide to oppress their populaces and squabble over precious resources at the behest of the bankster cabals, are getting a taste of NSA blowback. Zerohedge reports that Brazil is canceling a 4 billion US$ contract for fighter jets and instead going with Swedish SAAB for their flying pointy sticks:
Brazil awarded a $4.5 billion contract to Saab AB on Wednesday to replace its aging fleet of fighter jets, a surprise coup for the Swedish company after news of U.S. spying on Brazilians helped derail Boeing’s chances for the deal.
Aside from the cost of the jets themselves, the agreement is expected to generate billions of additional dollars in future supply and service contracts.
The timing of the announcement, after more than a decade of off-and-on negotiations, appeared to catch the companies involved by surprise.
Until earlier this year, Boeing’s F/A-18 Super Hornet had been considered the front runner. But revelations of spying by the U.S. National Security Agency in Brazil, including personal communication by Rousseff, led Brazil to believe it could not trust a U.S. company.
“The NSA problem ruined it for the Americans,” a Brazilian government source said on condition of anonymity.
A U.S. source close to the negotiations said that whatever intelligence the spying had delivered for the American government was unlikely to outweigh the commercial cost of the revelations.
“Was that worth 4 billion dollars?” the source asked.
“We are a peaceful country, but we won’t be defenseless,” Rousseff said on Wednesday at a lunch with senior officials from Brazil’s military, where she said the announcement was forthcoming. “A country the size of Brazil must always be ready to protect its citizens, patrimony and sovereignty.”
You all are surprised? NSA, your retribution is just starting. Thanks for destroying the last lynchpin of US voodoo economics, the backer of international petrodollars (AKA Federal Reserve Notes) known as the military-industrial complex.