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The secret documents do not reveal the precise targets of so much espionage by the NSA — and possibly its Canadian partner — during the Toronto summit. But both the U.S. and Canadian intelligence agencies have been implicated with their British counterpart in hacking the phone calls and emails of foreign politicians and diplomats attending the G20 summit in London in 2009 — a scant few months before the Toronto gathering of the same world leaders.

The spying at the Toronto summit in 2010 fits a pattern of economic and political espionage by the powerful U.S. intelligence agency and its partners such as Canada. That espionage was conducted to secure meeting sites and protect leaders against terrorist threats posed by al-Qaeda but also to forward the policy goals of the United States and Canada. The G20 summit in Toronto had a lot on its agenda that would have been of acute interest to the NSA and Canada.

The world was still struggling to climb out of the great recession of 2008. Leaders were debating a wide array of possible measures including a global tax on banks, an idea strongly opposed by both the U.S. and Canadian governments. That notion was eventually scotched. The secret NSA documents list all the main agenda items for the G20 in Toronto — international development, banking reform, countering trade protectionism, and so on — with the U.S. snooping agency promising to support "U.S. policy goals." Whatever the intelligence goals of the NSA during the Toronto summit, international security experts question whether the NSA spying operation at the G20 in Toronto was even legal.

"If CSEC tasked NSA to conduct spying activities on Canadians within Canada that CSEC itself was not authorized to take, then I am comfortable saying that would be an unlawful undertaking by CSEC," says Craig Forcese, an expert in national security at University of Ottawa's faculty of law. By law, CSEC cannot target anyone in Canada without a warrant, including world leaders and foreign diplomats at a G20 summit. But, the Canadian eavesdropping agency is also prohibited by international agreement from getting the NSA to do the spying or anything that would be illegal for CSEC.

The NSA warns the more likely security threat would come from "issue-based extremists" conducting acts of vandalism. They got that right. Protest marches by about 10,000 turned the Toronto G20 into an historic melee of arrests by more than 20,000 police in what would become one of the largest and most expensive security operations in Canadian history. By the time the tear gas had cleared and the investigations were complete, law enforcement agencies stood accused of mass-violations of civil rights. Add to that dubious legacy illegal spying by an American intelligence agency with the blessing of the Canadian government.

For three centuries, private international banking interests have brought governments in line by blocking them from issuing their own currencies and requiring them to borrow banker-issued “banknotes” instead. Political colonialism is now a thing of the past, but under the new FSB guidelines, nations could still be held in feudalistic subservience to foreign masters. Consider this scenario: the new FSB rules precipitate a massive global depression due to contraction of the money supply. XYZ country wakes up to the fact that all of this is unnecessary – that it could be creating its own money, freeing itself from the debt trap, rather than borrowing from bankers who create money on computer screens and charge interest for the privilege of borrowing it. But this realization comes too late: the boot descends and XYZ is crushed into line. National sovereignty has been abdicated to a private committee, with no say by the voters. Marilyn Barnewall, dubbed by Forbes Magazine the “dean of American private banking,” wrote in an April 2009 article titled “What Happened to American Sovereignty at G-20?”: It seems the world’s bankers have executed a bloodless coup and now represent all of the people in the world. . . . President Obama agreed at the G20 meeting in London to create an international board with authority to intervene in U.S. corporations by dictating executive compensation and approving or disapproving business management decisions.  Under the new Financial Stability Board, the United States has only one vote. In other words, the group will be largely controlled by European central bankers. My guess is, they will represent themselves, not you and not me and certainly not America.

Are these commitments legally binding? Adoption of the FSB was never voted on by the public, either individually or through their legislators. The G20 Summit has been called “a New Bretton Woods,” referring to agreements entered into in 1944 establishing new rules for international trade. But Bretton Woods was put in place by Congressional Executive Agreement, requiring a majority vote of the legislature; and it more properly should have been done by treaty, requiring a two-thirds vote of the Senate, since it was an international agreement binding on the nation. “Bail-in” is not the law yet, but the G20 governments will be called upon to adopt the FSB’s resolution measures when the proposal is finalized after taking comments in 2015. The authority of the G20 has been challenged, but mainly over whether important countries were left out of the mix. The omitted countries may prove to be the lucky ones, having avoided the FSB’s net.

The idiot Western governments have pissed away their clout. There is no prospect whatsoever of the neoconservative fantasy of US hegemony being exercised over Russia, China, India, Brazil, South Africa, South America, Iran. These countries can establish their own system of international payments and finance and leave the dollar standard whenever they wish. One wonders why they wait. The US dollar is being printed in unbelievable quantities and is no longer qualified to be the world reserve currency. The US dollar is on the verge of total worthlessness. The G20 Summit made it clear that the world is no longer willing to go along with the West’s lies and murderous ways. The world has caught on to the West. Every country now understands that the bailouts offered by the West are merely mechanisms for looting the bailed-out countries and impoverishing the people.

In the 21st century Washington has treated its own citizens the way it treats citizens of third world countries. Untold trillions of dollars have been lavished on a handful of banks, while the banks threw millions of Americans out of their homes and seized any remaining assets of the broken families. US corporations had their taxes cut to practically nothing, with few paying any taxes at all, while the corporations gave the jobs and careers of millions of Americans to the Chinese and Indians. With those jobs went US GDP, tax base, and economic power, leaving Americans with massive budget deficits, a debased currency, and bankrupt cities, such as Detroit, which once was the manufacturing powerhouse of the world. How long before Washington shoots down its own homeless, hungry, and protesting citizens in the streets?

Washington represents Israel and a handful of powerful organized private interests. Washington represents no one else. Washington is a plague upon the American people and a plague upon the world. http://rt.com/news/g20-against-syria-strike-527/

About Dr. Paul Craig Roberts Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments.

In theory, US deposits under $250,000 are protected by federal deposit insurance; but deposit insurance funds in both the US and Europe are woefully underfunded, particularly when derivative claims are factored in. The problem is graphically illustrated in a chart from a March 2013 ZeroHedge post. OCC Chart (Image, upper left).

The intimate Canada-U.S. electronic intelligence relationship dates back more than 60 years. Most recently, another Snowden document reported by CBC News showed the two agencies co-operated to allow the NSA to spy on the G20 summit of international leaders in Toronto in 2010. But what the latest secret document reveals for the first time is just how expansive Canada's international espionage activities have become.

The NSA document depicts CSEC as a sophisticated, capable and highly respected intelligence partner involved in all manner of joint spying missions, including setting up listening posts at the request of the Americans. "CSEC offers resources for advanced collection, processing and analysis, and has opened covert sites at the request of NSA," the document states.

Aside from compromising the actual intelligence operation, Wark says, an exposed spy mission can imperil Canada's other diplomatic operations — "the political contacts, the trade contacts, the generation of goodwill between the countries and any sense of co-operation." Wark says if a country feels targeted by a Canadian embassy, it can put everyone working there under a cloud of suspicion: “Are they really diplomats or are they spies?” As a result of those risks, Wark says, approval for CSEC to establish a covert spying post at the request of the NSA would have to come from the ministerial level of the Canadian government — or even from the prime minister himself.

Canada and the U.S. have long shared security intelligence with sister agencies in the U.K., Australia and New Zealand – the so-called "Five Eyes" partnership. But the latest secret Snowden missive shows CSEC and the NSA becoming physically intertwined. "Co-operative efforts include the exchange of liaison officers and integrees," the document reveals, a reference to CSEC operatives working inside the NSA, and vice-versa. It notes the NSA also supplies much of the computer hardware and software CSEC uses for encryption, decoding and other state-of-the-art essentials of electronic spying needed for "collection, processing and analytic efforts."

CSEC employs about 2,000 people, has an annual budget of roughly $450 million and will soon move into an architecturally spectacular new Ottawa headquarters costing Canadian taxpayers almost $1.2 billion. By comparison, the NSA employs an estimated 40,000 people plus thousands of private contractors, and spends over $40 billion a year NSA whistleblower Drake says the problem is that both CSEC and the NSA lack proper oversight, and without it, they have morphed into runaway surveillance. "There is a clear and compelling danger to democracy in Canada by virtue of how far these secret surveillance operations have gone."

How has Erdoğan got away with this? Mainly by claiming those fighting Isis are “terrorists” themselves. It is true that the PKK did fight a sometimes ugly guerilla war with Turkey in the 1990s, which resulted in it being placed on the international terror list. For the last 10 years, however, it has completely shifted strategy, renouncing separatism and adopting a strict policy of never harming civilians. The PKK was responsible for rescuing thousands of Yazidi civilians threatened with genocide by Isis in 2014, and its sister organisation, the YPG, of protecting Christian communities in Syria as well. Their strategy focuses on pursuing peace talks with the government, while encouraging local democratic autonomy in Kurdish areas under the aegis of the HDP, originally a nationalist political party, which has reinvented itself as a voice of a pan-Turkish democratic left.

They have proved extraordinarily militarily effective and with their embrace of grassroots democracy and women’s rights, oppose every aspect of Isis’ reactionary ideology. In June, HDP success at the polls denied Erdoğan his parliamentary majority. Erdoğan’s response was ingenious. He called for new elections, declared he was “going to war” with Isis, made one token symbolic attack on them and then proceeded to unleash the full force of his military against PKK forces in Turkey and Iraq, while denouncing the HDP as “terrorist supporters” for their association with them. There followed a series of increasingly bloody terrorist bombings inside Turkey – in the cities of Diyarbakir, Suruc, and, finally, Ankara – attacks attributed to Isis but which, for some mysterious reason, only ever seemed to target civilian activists associated with the HDP. Victims have repeatedly reported police preventing ambulances evacuating the wounded, or even opening fire on survivors with tear gas.

As a result, the HDP gave up even holding political rallies in the weeks leading up to new elections in November for fear of mass murder, and enough HDP voters failed to show up at the polls that Erdoğan’s party secured a majority in parliament. The exact relationship between Erdoğan’s government and Isis may be subject to debate; but of some things we can be relatively certain. Had Turkey placed the same kind of absolute blockade on Isis territories as they did on Kurdish-held parts of Syria, let alone shown the same sort of “benign neglect” towards the PKK and YPG that they have been offering to Isis, that blood-stained “caliphate” would long since have collapsed – and arguably, the Paris attacks may never have happened. And if Turkey were to do the same today, Isis would probably collapse in a matter of months. Yet, has a single western leader called on Erdoğan to do this? The next time you hear one of those politicians declaring the need to crack down on civil liberties or immigrant rights because of the need for absolute “war” against terrorism bear all this in mind. Their resolve is exactly as “absolute” as it is politically convenient. Turkey, after all, is a “strategic ally”. So after their declaration, they are likely to head off to share a friendly cup of tea with the very man who makes it possible for Isis to continue to exist.

A leaked executive order from President Obama shows the administration asked intelligence agencies to draw up a list of potential offensive cyberattack targets around the world. The order, which suggests targeting “systems, processes and infrastructure” states that such offensive hacking operations “can offer unique and unconventional capabilities to advance U.S. national objectives around the world with little or no warning to the adversary or target and with potential effects ranging from subtle to severely damaging.” The order followed repeated accusations by the U.S. government that China has engaged in state-sponsored hacking operations, and was timed just a day before President Obama’s summit with Chinese President Xi Jinping.

The Guardian’s Glenn Greenwald has said that Snowden provided him “thousands” of documents, of which “dozens” are newsworthy. And Snowden himself has said he’d like to expose his trove of leaks to the global media so that each country’s reporters can decide whether “U.S. network operations against their people should be published.” So regardless of where Snowden ends up, expect more of his revelations to follow.

The above list makes it clear that deposits larger than GBP85,000 will rank ahead of the bond holders of banks, but they will rank above little else. Importantly, both borrowings of the banks of less than 7 days maturity from other financial institutions and sums owed by banks in their role as counterparties to OTC derivatives will rank above large deposits. Large deposits at banks are no longer money, as this legislation will formally push them down through the capital structure to a position of material capital risk in any "failing" institution. In our last financial crisis, deposits were de facto guaranteed by the state, but from November 16th holders of large-scale deposits will be, both de facto and de jure, just another creditor squabbling over their share of the assets of a failed bank.

If we have another Lehman Brothers collapse, large-scale depositors could find themselves in the courts for years before final adjudication on the scale of their losses could be established. During this period would this illiquid asset, formerly called a deposit and now subject to an unknown capital loss, be considered money? Clearly it would not, as its illiquidity and likely decline in nominal value would make it unacceptable as a medium of exchange.

From November 16th 2014 the large-scale deposit at a commercial bank is, at best, a lesser form of money, and to many it will cease to be money at all as its nominal value can fall and it could cease to be accepted as a medium of exchange.

As the world’s smartest lawyer Charlie Munger is fond of saying, "Show me the incentive and I will show you the outcome." Some simple mathematics reveals that the November 16th announcement will create a very major incentive for investors to change deposits into banknotes.

It’s clear that Russia’s bombardment of jihadi groups operating near the Turkish-Syrian border has Turkish President Recep Tayyip Erdogan worried. Erdogan has long hoped that the area would be turned into a Safe Zone where Sunni militants– committed to removing Assad from power– could receive weapons and other support from their sponsors while coming and going as they pleased. The Russian-led coalition’s attempt to retake the area and seal the border to stop the flow of terrorists from Turkey, is probably what precipitated the attack on the Russian warplane. It was a desperate attempt to wave-off the Russian offensive and reverse the course of the war which has turned decisively in Assad’s favor. As for the militant groups that are operating in this area, analyst Pepe Escobar sums it up like this in a recent post at Sputnik News: “The Su-24s were actually after Chechens and Uzbeks — plus a few Uyghurs — smuggled in with fake Turkish passports (Chinese intel is also on it), all of these operating in tandem with a nasty bunch of Turkish Islamo-fascists. Most of these goons transit back and forth between the CIA-weaponized Free Syrian Army (FSA) and Jabhat al-Nusra. These were the goons who machine-gunned the Russian pilots as they parachuted down after the hit on the Su-24…. Turkey, for all practical purposes, has been a handy, sprawling Salafi-jihadi Infrastructure and Logistics Center; it offers everything from porous borders enabling countless jihadi return tickets from Syria to Europe, facilitated by corrupt police, to a convenient crossroads for all kinds of smuggling and a hefty money laundering ops.” (Sultan Erdogan’s War on…Russia, Pepe Escobar, Sputnik)

Escobar sums up Ankara’s role in Syria as succinctly as anyone. Erdogan has been ISIS best friend, of that, there is little doubt. The problem that Turkey faces now is that the Russian-led coalition is rapidly destroying the infrastructure that provides funding for ISIS, (oil refineries, fields and transport) while gradually retaking territory that was formally-controlled by the many anti-regime or al Qaida-linked groups in the north, west and central parts of the country. In the last few days alone, Russia and Co. have concluded the encirclement of Syria’s biggest city, Aleppo, vaporized a convoy of over 500 oil trucks in the vicinity of Raqqa, and intensified their bombing in the Turkmen Mountains, the Kurdish Mountains, and the Prophet Jonah Mountains. The coalition has moved as far north as Azaz along the Turkish border and recaptured the strategic Aleppo-Raqqa highway which completely cuts off ISIS supply-route from the east in Raqqa. All of the recent progress comes in the wake of the retaking of the strategic Kuweris Airbase which was the tipping point in the 4 and a half year-long conflict. Now the Russian coalition has focused on closing the border, a move that will sever vital supply-lines to pro-Turkish militias operating in Syria and force the terrorists to either flee or surrender. Russian Foreign Minister Sergei Lavrov emphasized this point last week saying, “We are convinced that by blocking the border we will in many respects solve the tasks to eradicate terrorism on Syrian soil.”

Keep in mind, that Erdogan is not the only one with designs on the so-called “Afrin-Jarabulus corridor” east of the Euphrates. Powerful politicians in the US, including John McCain, Lindsay Graham, Jeb Bush, Hillary Clinton and others, have all alluded to this area as the most suitable location for a no-fly zone. And, despite the fact that Obama refuses to send US ground forces to fight in Syria, he has continued to fuel the conflict in other less conspicuous ways. Just last Wednesday, under the cover of the Thanksgiving holiday when the media was preoccupied with other matters, Obama signed the National Defense Authorization Act of 2016 which provides another $800 million in aid to armed extremists in Syria and Ukraine. The NDAA, which effectively prevents the closing down of US concentration camp at Guantanamo Bay (Gitmo), reflects Obama’s determination to continue Washington’s vicious policy in Syria which has resulted in the deaths of more than 250,000 and the displacement of 11 million more. This helps to explain why the Russian offensive has set alarms off in Washington; it’s because the US plan to establish a permanent staging ground for terrorists in N Syria is quickly going up in smoke.

Seen in this light, Obama’s recent request for Turkey to deploy “30,000 (troops) to seal the border on the Turkish side”, (See: Wall Street Journal) should be viewed with extreme skepticism. Clearly, Washington has not relented in its “Assad must go” policy at all, in fact, Obama reiterated that mantra less than a week ago. That means the Obama crew may be hoping that Turkish ground forces can succeed where his jihadi proxies failed, that is, that the 30,000 troops will be used to clear and hold a 60×20-mile stretch of Syrian territory that can be used as the proposed safe zone. All Turkey would need is a pretext to invade and a little bit of air cover from the USAF. It wouldn’t be the first time a false flag was used to start a war. The bottom line is this: Putin had better move quickly before Washington and Ankara get their ducks in a row and begin to mobilize. The time to seize the border is now.

One of the untold stories of the recent Syria-driven diplomatic flurry is how Moscow has been silently working on mollifying both Saudi Arabia and Turkey behind the scenes. That was already the case when the foreign ministers of US, Russia, Turkey and Saudi Arabia met before Vienna.Vienna was crucial not only because Iran was on the table for the first time but also because of the presence of Egypt – incidentally, fresh from recent discovery of new oil reserves, and engaging in a reinforced relationship with Russia.The absolute key point was this paragraph included in Vienna’s final declaration: “This political process will be Syrian-led and Syrian-owned, and the Syrian people will decide the future of Syria.”It’s not by accident that only Russian and Iranian media chose to give the paragraph the appropriate relevance. Because this meant the actual death of the regime change obsession, much to the distress of US neocons, Erdogan and the House of Saud.

The main point is the death of the regime change option, brought about by Moscow. And that leaves Putin free to further project his extremely elaborate strategy. He called Erdogan on Wednesday to congratulate him on his and the AKP’s election landslide. This means that now Moscow clearly has someone to talk to in Ankara. Not only about Syria. But also about gas.Putin and Erdogan will have a crucial energy-related meeting at the G20 summit on November 15 in Turkey; and there’s an upcoming visit by Erdogan to Moscow. Bets are on that the Turk Stream agreement will be – finally – reached before the end of the year. And on northern Syria, Erdogan has been forced to admit by Russian facts on the ground and skies that his no-fly zone scheme will never fly.

That leaves us with the much larger problem: the House of Saud.There’s a wall of silence surrounding the number one reason for Saudi Arabia to bomb and invade Yemen, and that is to exploit Yemen’s virgin oil lands, side by side with Israel – no less. Not to mention the strategic foolishness of picking a fight with redoubtable warriors such as the Houthis, which have sowed panic amidst the pathetic, mercenary-crammed Saudi army.Riyadh, following its American reflexes, even resorted to recruiting Academi – formerly Blackwater - to round up the usual mercenary suspects as far away as Colombia.It was also suspected from the beginning, but now it's a done deal that the responsible actor for the costly Yemen military disaster is none other than Prince Mohammad bin Salman, the King’s son who, crucially, was sent by his father to meet Putin face-to-face.

Meanwhile, Qatar will keep crying because it was counting on Syria as a destination point for its much-coveted gas pipeline to serve European customers, or at least as a key transit hub on the way to Turkey.Iran on the other hand needed both Iraq and Syria for the rival Iran-Iraq-Syria gas pipeline because Tehran could not rely on Ankara while it was under US sanctions (this will now change, fast). The point is Iranian gas won’t replace Gazprom as a major source for the EU anytime soon. If it ever did, or course, that would be a savage blow to Russia.

In oil terms, Russia and the Saudis are natural allies. Saudi Arabia cannot export natural gas; Qatar can. To get their finances in order – after all even the IMF knows they are on a highway to hell - the Saudis would have to cut back around ten percent of production with OPEC, in concert with Russia; the oil price would more than double. A 10 percent cutback would make a fortune for the House of Saud.So for both Moscow and Riyadh, a deal on the oil price, to be eventually pushed towards $100 a barrel, would make total economic sense. Arguably, in both cases, it might even mean a matter of national security.But it won’t be easy. OPEC’s latest report assumes a basket of crude oil to be quoted at only $55 in 2015, and to rise by $5 a year reaching $80 only by 2020. This state of affairs does not suit either Moscow or Riyadh.

Meanwhile, fomenting all sorts of wild speculation, ISIS/ISIL/Daesh still manages to collect as much as $50 million a month from selling crude from oilfields it controls across “Syraq”, according to the best Iraq-based estimates.The fact that this mini-oil caliphate is able to bring in equipment and technical experts from “abroad” to keep its energy sector running beggars belief. “Abroad” in this context means essentially Turkey – engineers plus equipment for extraction, refinement, transport and energy production.One of the reasons this is happening is that the US-led Coalition of the Dodgy Opportunists (CDO) – which includes Saudi Arabia and Turkey - is actually bombing the Syrian state energy infrastructure, not the mini oil-Caliphate domains. So we have the proverbial “international actors” in the region de facto aiding ISIS/ISIL/Daesh to sell crude to smugglers for as low as $10 a barrel.Saudis – as much as Russian intel - have noted how ISIS/ISIL/Daesh is able to take over the most advanced US equipment that takes months to master, and instead integrate it into their ops at once. This implies they must have been extensively trained. The Pentagon, meanwhile, sent and will be sending top military across “Syraq” with an overarching message: if you choose Russia we won’t help you.ISIS/ISIL/Daesh, for their part, never talks about freeing Jerusalem. It’s always about Mecca and Medina.

Russia has further up-scaled its military engagement in Syria by including Tu-160 and Tu-95MS strategic bombers in the operations in Syria. On Tuesday Russian Defense Minister Sergey Shoigu informed President Vladimir Putin on the deployment of the bombers, saying: “Today, in a period from 05:00 a.m. to 05:30 a.m. Moscow time, twelve Tu-22 bombers hit Islamic State targets in Raqqah; in a period from 09:00 a.m. to 09:40 a.m. Tu-160 and Tu-95MS strategic bombers fired 34 air-launched cruise missiles at terrorist targets in the provinces of Aleppo and Idlib. A total of 127 sorties against 206 terrorist targets were scheduled for Tuesday, of which 82 sorties have already been flown and 140 targets have been hit. The operation is underway.” Russian air forces have thus far delivered about 4,000 air strikes in Syria, report official Russian military sources. A greater number than delivered by the US-led coalition against Daesh within one year. Putin noted, however, that this was not the time to focus on differences, but time to focus on an international effort aimed at defeating Daesh and terrorism.

The administrations of Turkish President R. Tayyip Erdogan and the administration of US President Barack Obama, for their part, have reportedly agreed on closing the entire Turkish – Syrian border. Turkey has previously been strongly criticized for allowing the illegal import of oil from Daesh while allowing the flow of weapons, munitions and insurgents for Daesh at the eastern part of the border while allowing Jabhat al-Nusrah to cross the border in the western section of the border. Whether the latest developments result in the formation of a genuine international alliance against Daesh and other terrorist organizations in the region remains to be seen. Moscow has reportedly begun to communicate with insurgents which it designates as “reasonable opposition” to avoid bombing their positions, while Moscow, in return, receives intelligence about Daesh and Jabhat al-Nusrah.