notable LB >>14721995 If China invades Taiwan we wouldn’t have GPS?

you niggers realize that banking / financial system goes down if GPS goes down?

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The entire global financial system depends on GPS, and it’s shockingly vulnerable to attack

There is an enormous, invisible clock that keeps ultra-precise time, can be checked from anywhere on earth, and is free for everyone to use. This technological gift to humanity was built by the US government. It is called the Global Positioning System (GPS), it lives in space, and you use it every time you check the map on your phone.

What you may not know is that you rely on it far more often than that. Cell towers use it to route your phone calls, ATMs and cash registers use it for your transactions, electrical grids use it to send power to your house, and stock exchanges use it to regulate the trades that go into your stock portfolio or investment fund. And it is far more vulnerable to attack and disruption than most people know or are willing to admit.

“When we talk about economic infrastructure, I don’t think the general public realizes the extent to which the Global Positioning System’s timing signal is critical for these ATM transactions and every other point-of-sale transaction conducted in the United States and throughout most of the world,” Michael Griffin, a former NASA administrator, told US space policymakers in early October. “To what extent do we believe that we have defended ourselves if an adversary can bring our economic system near collapse?”

Time, as it turns out, is money, in a very literal sense. Since digital money moves faster than humans can think, banks and regulators alike rely on time stamps to monitor transactions, catch fraud, and make sure the right people get paid. When you pull cash from an ATM or swipe your card at the coffee shop, the machine needs to determine the precise time that the transaction occurs to, for example, prevent it from being over-drawn.

Putting a little clock in the credit-card machines wouldn’t work, because over time, even the most precise clocks start to differ from one another. That doesn’t matter when you’re meeting me for lunch at noon, but if you’re timing transactions down to the microsecond standard now used in many electronic networks, tiny differences can screw up your whole operation.

What makes the Global Positioning System so crucial, then, isn’t in fact the “positioning” part; it’s the ability to make machines all over the planet agree on exactly what time it is…

The New York Stock Exchange relies on a set of GNSS antennae on the roof of its New Jersey server farm to time financial transactions, including those performed automatically by computers. Investors have spent millions improving their algorithms and communications systems to execute trades a few microseconds faster than their competitors, but all that would be for nought if they couldn’t agree on precisely what time each trade happened.

Even the modern electrical grid relies on ultra-precise synchronization to deliver power to high-demand areas at just the right time to prevent a blackouts without causing a dangerous power surge. And all that is before we get into the more obvious uses of GNSS technology to guide transportation of all kinds, from cars and delivery trucks to airplanes and container ships…

“The first thing that happens when GPS is disrupted, every mode of transportation slows down, becomes more dangerous,” Goward tells me. “Then the clocks in the different networks in the affected area begin to desynchronize. Because they are all such a different quality, it’s impossible to say which networks are going to degrade where and in what order, but we know after some period of time, cell phone networks will start to fall apart, IT, financial—stock exchanges will have to shut down because they can’t reconcile the trades, ATMs won’t work because the banks can’t verify the money is there, eventually even the electrical grid. Lord knows how quickly this will unfold.”

full article here, worth the read for non-spacies:

https://qz.com/1106064/the-entire-global-financial-system-depends-on-gps-and-its-shockingly-vulnerable-to-attack/