The Bottom Line: Why Russia’s Spies Got It Very Wrong
Matthew Lynn | July 21, 2010
This file photo shows a woman journalists have identified as Anna Chapman who held both a U.K. passport and British citizenship. Chapman was among suspects who pleaded guilty in New York to a charge of procuring information for a foreign government. Britain's Home Office said on July 13 20101 that Chapman's citizenship and passport had been revoked.(AP Photo) Related articles
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If you wanted to infiltrate a Western economy, where would you place your agents?
Microsoft and Barclays don’t make much sense. The Russian spy ring that was uncovered in the United States last month chose those two companies as their targets.
The KGB’s successors clearly don’t have a clue about how the modern economy works.
If they had picked Apple, Moody’s Investors Service or Harvard Business School, they might have had some real influence and gained access to useful information.
The story of how Russian agents burrowed into ordinary communities has kept the world enthralled for weeks. At least two had found their way into important businesses.
It emerged last week that a 12th member of the group worked as a software tester for Microsoft.
Earlier, we learned that Anna Chapman, when she wasn’t making sure there were plenty of pictures of herself in lingerie ready to fill the newspapers after her eventual capture, worked for Barclays in London.
Now we know why PowerPoint takes so long to load up, and usually puts your graph upside down on the screen: It’s a plot by Russian Prime Minister Vladimir Putin to make every middle-ranking executive die of embarrassment.
Russia was going after the wrong guys.
Microsoft is a big lumbering beast of a company that seems to have forgotten why it exists.
Barclays is a retail British bank that was lucky to survive the credit crunch, and while it may be expanding its investment banking, it isn’t at the cutting edge of anything.
If you really want to go undercover in the global economy, and manipulate it to your own ends, here’s where to go:
Goldman Sachs: The United States investment bank is on the inside of every deal. It is ahead of most trends. And its alumni network is the most powerful in the world.
Infiltrate it successfully, and within a couple of decades you should have one of your spies running at least one of the major central banks, and probably a finance ministry or two.
Harvard Business School: Get one of your agents installed at the world’s most influential center of learning and you can wreak havoc for years.
Teach a whole generation of bright and ambitious students some crazy theory — that options trading makes markets safer by spreading risk, for example — then sit back and watch the financial system collapse 20 years later when your moles are running it.
A debt rater: As we saw during the Greek debt crisis, ratings companies have the real power to make or break economies. Even better, they can just make this stuff up.
One minute Greece was investment grade, the next it was junk, although not much had changed about the country in the meantime.
Choose a nation that you want to destroy, then get your agents installed as analysts at the three main assessors — Fitch Ratings, Standard & Poor’s and Moody’s.
At the right moment, pull the trigger, whack it with three downgrades, and watch the implosion. It will be much easier than nuking the place.
Apple: This tech company has taken control of a whole generation. If you release a brand-new app the same day you invade one of your neighbors, everyone in the West will be too busy downloading it to respond. Or perhaps even notice.
Microsoft is hardly at the cutting edge of anything these days — the Xbox 360 was its last hit product but unless you want to take over the minds of a few million 13-year-old boys, that is hardly a target worthy of your spy ring.
Apple is a different story, and not just because your agents should feel right at home in an organization that worships a control-freak leader, and is intolerant of criticism.
Quantum Fund: The greatest of the big-picture hedge funds is still a force to be reckoned with 40 years after it was founded by George Soros and Jim Rogers.
It can make or break currencies, and have meetings with just about any prime minister or president in the world. The rest of the hedge-fund industry still follows its strategies.
Influence Quantum to move into or out of a nation, and the rest of the money markets will follow like a bunch of obedient puppies. That is a power worth having.
Of course, maybe the agents at Barclays and Microsoft were just a clever double-bluff — a ruse to throw the Central Intelligence Agency off the scent.
A whole troop of attractive interns may be sitting down at their desks at Goldman and Moody’s this summer, making coffee, doing perfect photocopying, and starting their sinister rise to the heart of the economic system.
They may become the chief executives of tomorrow.
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12:42pm | Hard-Line FPI Buys 150 Tickets...
I still could not fine any picture of Gaga with her little cross.... help ;p -
12:39pm | Ask Atheists, Christians, Shii...
Just becasue you were the wife of a president doesnt make you a politician.... err similar trend in Indonesia too.. maaf Bu.. -
12:34pm | Hard-Line FPI Buys 150 Tickets...
I hope Lady Gaga use this picture as a fashion reference for her concert attire! She did use the Barong Filipino as a reference for her Manila Tour -
12:34pm | Hard-Line FUI Says Lady Gaga P...
@SirAnthony very nice story to pretty much sum up what kind of people are in FPI and FUI. -
12:29pm | Jakarta Police Would Dispatch ...
If they have enough money to buy the tickets, they'll surely have money to buy 3 square meals in a day plus pay their tuition fee. -
12:26pm | Ask Atheists, Christians, Shii...
Don't forget to ask women, singers, and artists as well. -
12:26pm | Bali Offers to Host Lady Gaga ...
As I suggested, take it to a more civilized "country" -
12:24pm | Hard-Line FPI Buys 150 Tickets...
So it's not 30,000 then, just 150 ha ha ha They had better be careful they will be outnumbered a few hundred to one. Actuall
