The National Defense Authorization Act (NDAA) Goes into Law

Dec 22, 2023
The National Defense Authorization Act (NDAA) Goes into Law

Section 702 Permits the U.S. Government to Surveil Non-U.S. Citizens Abroad for Foreign Intelligence Purposes

Dear Jeff, just love the newsletter already! Very much looking forward to your paid service, especially the biotech research. I really enjoyed getting a cutting edge view into the medical research and funding aspects of small cap biotech companies in simple language. And now, with valuations so beaten down, it must be the time when fortunes will be made! Lastly, I'd like to express how sincere you come across. You break down such technical concepts and it never feels condescending. My late father was a scientist in the nuclear and oil and gas industry. He always explained technical things to me in a similar simplistic manner. Would also like to hear your views on the latest snooping NDAA that just passed the Senate. It seems like a terrible right to invade our privacy and as an old school American, I'm very concerned for the future for our children. Thanks. — Yogesh

Hi Yogesh, thanks for writing in and for the feedback on biotech. That has been a very consistent theme in our inbox.

And just in case you missed it, I did dig in a little bit about my current thoughts on the general biotech market in my December 5, 2023 AMA. You can find it here.

We’ve already entered the golden age of the biotech industry, despite the current markets trying to tell us otherwise.

I can’t tell you how excited I am for what’s coming. I’m spending a lot of time researching and thinking about the tech, the industry, and of course investment opportunities. And I’m even working on private biotech investment opportunity that would be just incredible if I can help make it happen.

More to follow.

Aside from biotech though, your question and concern about the NDAA is much darker and ominous.

For background, the U.S. Senate voted to approve the National Defense Authorization Act (NDAA) that provides for $886 billion to the Pentagon for the next fiscal year.

It passed 87-13, so clearly both parties supported the Act.

And then on December 14, 2023, the House of Representatives voted 310-118 for the NDAA.

Finally, just today, President Biden signed the act into law.

First of all, that’s an incredible amount of money. And it is being given to an organization, the Pentagon, that has failed its audits for the sixth year in a row.

Making matters worse, the audit revealed that the Pentagon couldn’t properly account for 63% of its $3.8 trillion in assets. Talking about fiscal irresponsibility.

But putting that mess aside, the point that you raise is one that most aren’t even familiar with. And it’s no one’s fault, as the “problem” is buried in the Act.

Specifically, the NDAA includes a four-month extension of Section 702 of the Foreign Intelligence Surveillance Act (FISA).

Section 702 permits the U.S. government to surveil non-U.S. citizens abroad for foreign intelligence purposes.

However, over the last few years, the FBI has used Section 702 to conduct millions of warrantless searches of American’s communications.

Warrantless search targets have been donors to congressional campaigns, journalists, activists, and even peaceful protesters.

I find this disgusting, anti-constitutional, and a violation of the very freedoms that we have a right to.

And I hate to say it, but I just don’t buy the argument of “oh… it will just be another 4 months.” I don’t believe for a second that they will give up this control after just four months.

It’s too much power, and power corrupts.

Sadly, as we’ve all learned the hard way, the plandemic was a tool to assert control with authoritarian and totalitarian methods over very large populations, including the in the U.S.

It has done irrevocable damage to hundreds of millions around the world, and taken away precious years of normal, healthy development, especially for children. We will be suffering from these evil — and failed — policies for decades.

I can only hope and wish that we all have the strength to make sure that we don’t allow our elected officials to subject us to such evil ever again.

If we aren’t willing to stand up for ourselves, let’s at least stand up for our children and grandchildren.

Otherwise their lives will be void of the freedom that we’ve fought so hard for and been fortunate enough to enjoy.

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