An passive Anarchist group known as the Freeman has stolen classified Bank of Canada documents from the car of the Governor of the Bank of Canada.
Scarletwhore has an exclusive on the details of what was found.
Background: The Freeman are a harmless anti-establishment group who are against capitalistic profiteering and usury. The Freeman view the acquisition of the documents as a legal right and not a theft.
Canada has the tenth largest economy in the World and the largest amount of natural resources per capita in the World. Canada’s largest trading partner is the US.
The essential facts:
The Bank of Canada(BOC) is predicting that the US Dollar will depreciate approximately 30% vs other G8 currencies in the next 2 years. The Bank of Canada has $140 Billion in Gold, Silver and precious metal reserves excluding classified emergency funds. The Bank of Canada supports the conclusion that a Trade War between the United States and China has already started and that it will lead to a substantial shrinking of the World’s economy. The Bank of Canada has issued several reports that warn of Chinese take-over of Canadian resource companies and the pursuit of Chinese monopolies in key industries, such as the recent controversy regarding the fertilizer producer Potash Corp. The BOC sees Oil trending upward in the short-term but taking a big dive within 1 year to settle around $50-$60/barrel. The BOC sees Gold rising in erratic jumps to reach a high of $2400 but trending downward below $800 within 2 years.
There are other interesting points mostly dealing with Canada’s focus on emerging markets and Canada’s preferred trading partners in the Commonwealth and the G20. I’ll post those later.
Investors: Keep an eye on Canada/Brazil deals in the next fews weeks… some very sweet deals in the works according to the documents.