When Eric Schmidt allows me to search through his wallet and home, he can collect the web pages I browse and the cookies, sessions and httpauth data attached to them.
How about you just don't go to websites that use this? That's like me saying I hate Level 3 and I never want my web traffic to go through them, is there a way I can make sure my data packets never peer with a Level 3 connection?
You should worry more about your ISP than Google trying to make the web faster.