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IMAGES-005-HOUSE_OVERSIGHT_020367.txt,"215
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The final choice he was made to board a non-stop flight to Moscow on June 23, 2013.
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To remain in Hong Kong once a criminal complaint was leveled against him would have meant
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that, at the very minimum, Hong Kong authorities would seize him and the alleged stolen property
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of the US government in his possession. Even if he was released on bail, the Hong Kong
|
authorities would almost certainly retain all the NSA and GCHQ files he had gone to such lengths
|
to steal. He also would not be allowed to leave Hong Kong and possibly denied any access to the
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Internet. As he demonstrated by his subsequent actions, this option was not acceptable to him.
|
Once the U.S. criminal complaint was unsealed on June 21, 2013, which became all but
|
inevitable after his video, his only route out of Hong Kong went through two adversaries of the
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United States, China and Russia. China, as far as is known, did not offer him sanctuary.
|
According to one U.S diplomat, it may have already obtained copies of Snowden’s NSA files, and
|
did not want the problem of having Snowden defect to Beijing. In any case, if it had not already
|
acquired the files. It could assume it would receive that intelligence data from its Russian ally in
|
the intelligence war. Whatever its reason, China did not use its considerable power in Hong
|
Kong to block Snowden’s exit.
|
Nor did Snowden obtain a visa to any country in Latin America or elsewhere during his month-
|
long stay in Hong Kong. As in the oft-cited Sherlock Holmes’ clue of the dog that did not bark,
|
Snowden’s lack of any visas in his passport strongly suggests that he had not made plans to go
|
anyplace but where he went: Moscow. His actions here, including his contacts with Russian
|
officials in Hong Kong, speak louder than his words.
|
Snowden chose, if he had any choice left at all, the Russian option. Just as he believed Chinese
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intelligence could protect him in Hong Kong from the United States, he could assume that the
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FSB could protect him in Moscow from the United States. He was not entirely na* ve about its
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capabilities. During his service in the CIA, he had taken a month-long training course at the CIA’s
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“farm” at Fort Peary in which counterintelligence officer taught about the capabilities the Russian
|
security services
|
To be sure, he might not have known that Moscow would be his final destination. He may
|
have naively believed that Russia would allow a defector from the NSA who claimed to have had
|
access to the NSA’s sources in Russia and China leave Moscow before its security services
|
obtained that information. But that was not to be.
|
It is not uncommon for a defector to change sides in order to find a better life for himself in
|
another country. Some defectors flee to escape a repressive government or to find one in which
|
they believe they are more closely attuned. But Russia is ordinarily not the country of choice for
|
someone such as Snowden seeking greater civil liberties and personal freedom. So why did
|
Snowden choose Russia for his new life?
|
The four choices that Snowden made in 2013 did not come out of the blue. They all were
|
planned out well in advance. He applied for the job to Booz Allen in February 2013, more than a
|
month before leaving his job at Dell. He applied to Booz Allen for his medical leave, although in
|
fact he had no medical problem, a month before departing for Hong Kong. He brought with him
|
to Hong Kong enough cash to pay his living expenses, according to him, for the next two years.
|
He arranged the encrypted channel with Poitras in February 2013, three months before he would
|
induce her to come to Hong Kong. He made contact with a foreign diplomatic mission at least a
|
month before flying to Moscow and, at some point, met with Russian officials, who arranged a
|
visa-less entry for him. He called Assange in London to arrange for Wikileaks help, 13 days
|
HOUSE_OVERSIGHT_020367
|
"
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IMAGES-001-HOUSE_OVERSIGHT_011104.txt,"What matters is return. I don’t have to specify “risk-adjusted” return so long as |
|
describe the collective scale alone. Collective return is implicitly average-risk return.
|
I prioritize it on the reasoning that optimizing employment of people and plant is
|
implicit, and that optimizing means putting them to work most productively rather
|
than over the most hours.
|
If policy maximizes rate of return, at the collective scale, it will maximize true output
|
perforce. Return is output divided by total capital producing it. More return is more
|
output per unit capital. Putting idle plant and people to work, in a slump, is a step in
|
the right direction. But it doesn’t get the job done unless they work productively.
|
Even putting money under the mattress is better than investing at a loss. Zero
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return is better than negative return. | accept Keynes’ distinction between new
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investment and transfer payments. But I see the latter as part of the mechanics that
|
ends up in the former. Maximize return, and full employment will happen.
|
Keynes’ opposition is now mostly the Chicago school and other “freshwater” schools
|
bordering the Great Lakes and along inland rivers. Somehow the taste for Keynesian
|
intervention resonated best in “saltwater” seaboard school such as Harvard, MIT,
|
Stanford, and University of California. It is probably no coincidence that the
|
saltwater states are the “blue” ones tending to vote Democrat, while the freshwater
|
ones are the “red” ones favoring Republicans. (I call myself a free market Democrat,
|
whether or not that’s a contradiction in terms.) Freshwater views tend to oppose
|
intervention, but accept Keynesian basic definitions and equations such as the
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Y =] +C doctrine and the distinction between “attempted saving” and investment.
|
It is these I question.
|
I] don’t think much of his view that intended saving (consumption foregone)
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becomes actual saving only if invested, and becomes an equal amount of physical
|
capital growth if it is. Then (actual) net saving, net investment and physical capital
|
growth would become synonymous. | said why I prefer a language where saving
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and investment are synonymous in the first place. What matters is rate of return.
|
Chapter 8 Banks, Money and Macroeconomics 2/8/16 15
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HOUSE_OVERSIGHT_011104
|
"
|
TEXT-001-HOUSE_OVERSIGHT_031683.txt,"From: J [jeevacation@gmail.com]
|
Sent: 5/30/2019 9:34:38 PM
|
To: Michael Wolff
|
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