Top Canadian Intelligence Official Arrested for Leaking Secret Information….


Cameron Ortis, a director general with the Royal Canadian Mounted Police’s intelligence unit (RCMP), faces three charges of violating intelligence laws and leaking sensitive information.  While the destination for his leaked intel is not revealed, his professional business profile shows he speaks “fluent mandarin Chinese“. So, connect the dots…

Obviously Justin from Canada wants to keep a tight lid on the spying compromise; and unfortunately, with the Canadian election a little more than a month away, the compliant state-run media are more than willing to try and downplay the issue.

OTTAWA (Reuters) – A top Canadian police intelligence officer has been charged with leaking secret information, authorities said on Friday, in what could be a major security breach.

Cameron Ortis, a director general with the Royal Canadian Mounted Police’s intelligence unit, faces three charges under a little-used 2012 security of information law.

“It is alleged he obtained, stored and processed sensitive information … with the intent to communicate that information with people he shouldn’t be communicating to,” federal prosecutor John MacFarlane told reporters outside Ottawa’s court house after Ortis was charged.

Sources with knowledge of national security investigations described Ortis as former RCMP Commissioner Bob Paulson’s most elite adviser on issues related to national security. Paulson was in office from 2011-2017.

“Operationally, this could be very, very bad,” said Stephanie Carvin, an assistant professor and security expert at Ottawa’s Carleton University.

Canada is part of the Five Eyes intelligence-sharing network with United States, Britain, New Zealand and Australia.  (read more)

Is it really a surprise to anyone?…

EU Parliament & How they Protect the Bankers


A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending.

The US banks survived and have prospered BECAUSE of TARP. The US government bought the toxic financial waste they created so the bankers got away with it again. In Europe, the design of the euro was to deny creating a national European debt, therefore there could be no bailout because that would mean the money would flow from one country to the another to bail out their banks. Hence, European banks still have the tonic financial waste on their books from 2007.

The central banks are ARTIFICIALLY manipulating interest rates down to try to save the banks, but this Quantitative Easing has not only failed, it has set the stage for the next financial disaster — the collapse of government pensions and private pension funds. These funds are regulated and it is mandated that they have government debt for that is “risk free,” so they claim.

The bankers sell the government debt so the politicians cannot let the bankers fail for they also fund their elections. This entire mess is not going to be held off much longer. We will be looking at this in great detail at the WEC in Orlando (Oct. 25-26).

Report: PM Boris Johnson Has Simple Plan to Legally Stop Brexit Extension….


If this simple procedure is true, wow… It would mean all of last week’s parliamentary teeth gnashing by the usurping Never-Brexit MP’s was essentially irrelevant.

According to a Reuters report, Prime Minister Boris Johnson simply needs to attach a letter to the Brexit delay legislation saying the U.K. government officially does not request any extension beyond October 31st.  Then ignore it.  That was easy.

(Reuters) – British Prime Minister Boris Johnson has prepared plans to legally stop any Brexit extension, the Daily Telegraph bit.ly/2ZP87Ycreported late on Sunday.

Johnson’s advisers held a meeting on Sunday to counter the strategy to prevent the British parliament’s attempts at enforcing a three-month Brexit extension if no new deal is agreed, the newspaper reported.

A plan under consideration would see Johnson sending a letter alongside the request to extend Article 50 setting out that the government does not want any delay after Oct. 31, according to the report.  (read more)

“Boris, he’s a cheeky one”….

The prior remarks by President Trump (last week) now take on a new context:

Q Have you been following the situation in London with Boris Johnson and the Brexit vote?

THE PRESIDENT: Well, Boris is a friend of mine. And he’s — he’s going at it. There’s no question about it. He’s in there — I watched him this morning. He’s in there fighting.

And he knows how to win. Boris knows how to win. Don’t worry about him. He’s going to be okay. (link)

Merkel Takes Her Tin Cup to China…


As if, on cue:

.

CTH – […] The problem for China, and ultimately for Germany, is that Trump’s trade reset has stopped a big amount of U.S. wealth from arriving in Beijing. Simultaneously, Beijing is countering Trump’s tariffs by devaluing their currency. The rebound economic impact is doubled. China has: (1) less income; and (2) less value within their own currency.

Where does this dynamic show up?

…. Anytime China is going to buy something.

China’s currency devaluation makes their exports cheaper; however, at the same time it makes any of their imports more expensive. As a consequence China buys less… and that now exhibits in lower purchases of German stuff. See how that happens?

So yeah, the ramifications for Merkel’s German economy -twice as bad as originally forecast- are based on China fighting Trump. The fact that China is bleeding cash, and has simultaneously dropped the value of their currency, means China can’t buy stuff.

All of those nations who were counting on Chinese purchases are now going bananas. This is why the multinationals blame Donald Trump… and to make matters even worse – the U.S. economy is thriving, while they watch from the sidelines. It’s a delicious dynamic.  (read more)

BREXIT & the Attempt to Delay until January 2020 ECM Turning Point


Prime Minister Borris Johnson had wanted an election on October 15, but Labour and other opposition MPs would not back the move while the option of a no-deal Brexit on October 31 remained open to the PM. The House of Lords said it would pass the legislation by Friday.

The British pound rallied on the defeat of the PM clinging to the notion that leaving the EU is somehow bad for Britain. It remains the same old dire predictions they used back in the nineties when Britain was not going to surrender the pound and adopt the euro.

While our models indeed pinpointed a Directional Change with rising volatility into the week of 9/16, the pound has held the October 2016 for now, but a close for September below 12350 keeps the pound in check.

This idea of trade being so important is really quite insane. Nevertheless, Trump has not helped by trying to create jobs with his trade negotiations. China will listen to the US news which will show Trump losing 2020 even if you put a monkey up as the Democratic candidate. The press is so against Trump that they will turn this trade issue into real insanity. Likewise, this aids those in Britain desperate to keep their perks and pensions in place so they are selling out Britain for personal gain using the same issue as trade.

So far the Euro/Sterling Cross has been following the forecast array perfectly. The low was March followed by the breakout May/June with a Directional Change due in September. The next target is November followed by January.

What is very clear is that the financial markets are far more afraid of Labour taking power than BREXIT. We do not see any reversal of fortune for the pound and its long-term decline before 2021. Labour has become extreme. They will most certainly destroy the capital formation in Britain perhaps once and for all.