Read Larry Connors' blog – Short Term Trading Strategies
Yes, long before he created Bond, author Ian Fleming rescued MI6 from an untimely death by inadvertently paving the way for the secret service to be infiltrated by members of the Russian KGB's Cambridge ring, its most destructive traitors, according to the newly released documents.
In fact, the story dates back to the Second World War when British naval chiefs lobbied wartime Prime Minister Sir Winston Churchill to let them start their own rival espionage service after an army officer was put in charge of MI6 which had traditionally been led by a navy officer.
Now, the secret files, released after more than 60 years, have revealed that Fleming -- who was then the British Navy's liaison officer with MI6 -- steered them away from the idea, warning that if the spy agency was downgraded there was "a grave danger of letting the baby out with the bath water".
"I think that the infusion of new blood into the existing organisation would be better than chopping off hoary but experienced heads," Fleming had suggested.
And, his suggestion, dated April 1940, that Britain should instead insert some "new blood" into MI6 to change the agency from within was also accepted by naval chiefs, leading newspaper 'The Sunday Times' reported.
However, what's interesting is that even in Fleming's fiction, Bond was one of those recruits. The novel 'You Only Live Twice' in which 007 is "killed off", features an obituary that says he joined MI6 in 1941. In reality, however, the desire for "new blood" led to the recruitment of Kim Philby in June to July 1940 and John Cairncross, two members of the Cambridge spy ring who wreaked havoc in MI6 during the early part of the Cold War.
Even the first "chief" of the British secret service was a naval commander, Mansfield Smith-Cumming. He was known simply as "C", a title that has been handed on to all future chiefs and inspired Fleming's fictional "M".
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
