The International Unit of Account


QUESTION: I only recently learned of your material and am still digesting it. I appreciate that you encourage critical thinking. I hope you find my questions of the same spirit.

In your recent article “Are Two-Tier Monetary Systems a Possible Tool?”, you illustrated how South Africa’s experience could provide an example for nations wanting to untangle their domestic currency from global obligations (i.e., US dollar, presumably others too).
Would you mind elaborating on this concept in relation to the following questions?

My questions:
1) For this 2-tier approach to work, must every nation have a 2-tier money system, or would it suffice to have only the major players do so (i.e., USA, EU, etc)?
2) If every nation had a 2-tier money system, then how would that compare and contrast to a “global SDR” or some other global, non-national currency acting the reserve currency?

I suppose what I am really asking is: Imagine a collection of nations and each nation has a 2-tier system. The nations agree to use each other’s “external” tier when dealing with each other and keep the “internal” tier for solely domestic purposes. Instead, now imagine that same collection of nations decided they would each use a global, non-national currency (SDR or otherwise) as the global reserve currency.

What similarities and differences would these 2 different approaches yield? Are there certain conditions where 1 approach would be desirable over the other approach?

I find this subject both intriguing and very relevant, so I would like to hear your insight.

Thank you for the new (to me) material.

C

ANSWER: During the 19th century, it was common to issue a “trade dollar” with China who used the silver standard initially by using the Spanish 8 reals known also as pillar dollars. The US issued trade silver dollars and domestic silver dollars of different weight. All of these nations were issuing a two-tier currency to facilitate trade with China.

During the 14th century, there was also a two-tier monetary system. Florence used the gold florin for trade, but domestically, wages and commerce took place in silver. Companies were required to keep two sets of books by regulation.

A two-tier system can be used to isolate foreign capital inflows. Switzerland was suffering and that eventually broke the peg. The foreign capital was not looking to buy assets in Switzerland, they were just converting euro to Swiss and parking the money. Therefore, a two-tier system would have allowed the flow of capital to concentrate in what we would call the Financial Swiss Franc (FSF). This peg would have not been necessary and they could have even imposed negative interest rates or zero rates to deposits in the FSF. Any trade for produces could have then been delegated to the Swiss franc and the peg would not have been necessary.

We would not need a system where everyone had a two-tier currency and traded against each other. The new International Unit of Account (IUA) would be a basket of currencies and your local currency would then trade against that. You would need to allow contracts and debts to be contracted in this IUA freely, as takes place today in US dollars. This would by no means eliminate FOREX risk.

Insofar as a global SDR, the problem would be the calculation and then the IMF has been notorious for corruption. Would some nations put pressure to alter the formula because of a financial crisis?

I would say that the formula must be fixed and based on the total percentage of international trade a given nation wields. It should be subject to revision only once every 5 or 10 years at fixed terms.

The primary reason I would design the system in this manner is that the Federal Reserve has already become the central bank of the world. The Fed has lost the ability to manage its own economy because the IMF and others lobby it not to raise rates because that would adversely impact their currencies. There should be an IUA so that a central bank can manage its own economy without impacting others because they will be prohibited from issuing debt (public or private) in a foreign currency — only in an IUA. There would be no sovereign debt issued by the agency controlling the formula. The reserves of central banks would then be only in IUA terms.

Already, capital flows globally when it sees opportunity, and in this manner, it acts as an arbitrage tool. If real estate looks cheap in one country, the capital will flow in. Australia, New Zealand, and particularly Vancouver are fighting this trend. There will be a natural cycle to it and there is no need for changing laws to try to stop it. The Japanese were big buyers during the 1980s, even buying Rockefeller Plaza in New York. As their economy turned down, they resold it and exited.

Schengen Agreement Dead – Killed by Refugees


COMMENT: Dear Martin,
you are once more right with your view’s. EU’s Schengen agreement is going to die. From May 1st on, anybody in the EU has to carry an “A1 Certificate” if he or she is going on a business trip to avoid “social insurance fraud”. If not, you could be fined by up to 10.000,00 Euro.
Best regards
AC

REPLY: The cornerstone of the EU was to be the freedom of movement to create the United States of Europe. This became known as the Schengen Agreement to create a borderless Europe signed on June 14, 1985, between five of the then ten member states of the EU. It proposed the gradual abolition of border checks at the signatories’ common borders. Measures proposed included reduced speed vehicle checks, which allowed vehicles to cross borders without stopping, allowing residents in border areas the freedom to cross borders away from fixed checkpoints, and the harmonization of visa policies. However, this Schengen Agreement did not come into effect until March 26, 1995 (1995.232). It eliminated border checks among its members and allowed foreign visitors to travel throughout the area using one visa.

Britain has been preventing those non-EU citizens with Schengen visas from freely crossing the border into Britain. Someone from Ukraine with an EU visa cannot travel to Britain and subsequently to many former British Commonwealth states, such as the Bahamas, even for a vacation. Switzerland also is experiencing an anti-EU immigration trend.

This is what they always do. They cannot repeal the Schengen Agreement, for that would defeat the entire premise of the EU in creating the United States of Europe. They are using health insurance to prove you are really a citizen or legitimate resident of your country. It is always the same — wordsmithing. This is not my simple opinion. The Schengen Agreement was dead once they allowed the refugees into Europe.

Which Roman Emperor was Really “the Great”


QUESTION: Why Constantine the Great?

Mr Armstrong,

Of the 170 or so Roman emperors from 27BC to 476AD only one carries the title “the Great” and that is Constantine(r.306-337AD).
Would you have chosen another Roman emperor for this distinction in preference to Constantine?

JR

ANSWER: Constantine was given the title “the Great” because of his use of Christianity as his means to power. His mother Helena was a devout Christian. However, Constantine did not accept baptism until he was on his deathbed. He claimed that he had a vision where God showed him the sign of the cross and to put that on the shields of his army when they were outnumbered 2 to 1. It was a great tale. The truth was that the opposing army was mostly Christian and it was a great strategy. This gold medallion shows Constantine with the sun god Sol.

Constantine used Sol because he began to emerge as the supreme pagan god known as Sol Invictus (invincible sun which appeared every day). There was a tetrarchy set up by Diocletian (284-305 AD) where there were two emperors and two vice presidents, so to speak, named Caesars. Constantine used Sol and then Jesus Christ to justify his civil war in both instances by saying there was but one god above and there should be but one emperor on earth.

As far as who I would say was truly the best emperor, it would have been Marcus Aurelius (161-180 AD). You must understand that the title “the Great” or “Magnus” was often used for those who waged major wars and won. It did not mean that they did some magnanimous act. Pompey (106-38BC) was called “Magnus” for his victory in the civil war and not for his humanity. His success as a military commander in Sulla’s second civil war resulted in Sulla bestowing the cognomen Magnus, “the Great,” upon him.

President Trump Remarks – 75th Anniversary of D-Day, Normandy American Cemetery, France – 5:00am Livestream…


Most of the events commemorating the 75th Anniversary of D-Day will take place in the very early morning hours today.

President Donald Trump and First Lady Melania Trump will attend the 75th anniversary of D-Day at the Normandy American Cemetery in France. President Trump, along with French President Macron and other world leaders, will honor the Allied troops’ maneuver that led to the turning point of World War II.

NBC Livestream Link (live 5am) – Euro News Livestream Link (live now)

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Day #4 Schedule – President Trump Attends 75th Anniversary of D-Day Memorial – France


Ireland (IST) is 5 hours ahead of U.S. Eastern time (EST). France (CEST) is 6 hours ahead of U.S. Eastern Time. Today President Trump and First Lady Melania will be traveling from Doonbeg, Ireland to Colleville-sur-Mer, France, for a commemoration ceremony on the 75th anniversary of D-Day. [♦5:00am EST / 11:00am CEST broadcast]

Departing Colleville-sur-Mer the first couple will travel to Caen, France, for a bilateral meeting and working lunch with French President Emmanuel Macron. The President and First Lady will then fly back to Shannon, Ireland and spend the evening at Trump International Doonbeg, Ireland.

2:05am EST / 7:05am IST THE PRESIDENT and THE FIRST LADY depart Trump International Doonbeg en route to Shannon Airport, Shannon, Ireland, Doonbeg, Ireland

2:25am EST / 7:25am IST The PRESIDENT and THE FIRST LADY arrive at Shannon Airport, Shannon, Ireland

2:35am EST / 7:35am IST THE PRESIDENT and THE FIRST LADY depart Shannon Airport en route to Caen – Carpiquet Airport, Caen, France, Shannon, Ireland

4:00am EST / 10:00am CEST THE PRESIDENT and THE FIRST LADY arrive at Caen – Carpiquet Airport, Caen, France

4:10am EST / 10:10am CEST THE PRESIDENT and THE FIRST LADY depart Caen, France, en route to Normandy American Cemetery Landing Zone, Colleville-sur-Mer, France, Caen, France

4:30am EST / 10:30am CEST THE PRESIDENT and THE FIRST LADY arrive at Normandy American Cemetery Landing Zone, Colleville-sur-Mer, France

♦5:00am EST / 11:00am CEST THE PRESIDENT and THE FIRST LADY participate in the 75th Commemoration of D-Day, Colleville-sur-Mer, France

6:00am EST / 12:00pm CEST THE PRESIDENT and THE FIRST LADY participate in the Omaha Beach Briefing and Fly-Over Viewing, Colleville-sur-Mer, France

6:10am EST / 12:10pm CEST THE PRESIDENT and THE FIRST LADY participate in a viewing of the Normandy American Cemetery, Colleville-sur-Mer, France

6:25am EST / 12:25pm CEST THE PRESIDENT and THE FIRST LADY depart Colleville-sur-Mer, France, en route to Caen – Carpiquet Airport, Caen, France, Colleville-sur-Mer, France

6:45am EST / 12:45pm CEST THE PRESIDENT and THE FIRST LADY arrive at Caen – Carpiquet Airport, Caen, France

6:55am EST / 12:55pm CEST THE PRESIDENT and THE FIRST LADY depart Caen – Carpiquet Airport en route to the Prefecture of Calvados, Caen, France

7:10am EST / 1:10pm CEST THE PRESIDENT and THE FIRST LADY arrive at the Prefecture of Calvados, Caen, France

7:30am EST / 1:30pm CEST THE PRESIDENT participates in a bilateral meeting with the President of the French Republic, Caen, France

8:05am EST / 2:05pm CEST THE PRESIDENT participates in a working lunch with the President of the French Republic, Caen, France

8:50am EST / 2:50pm CEST THE PRESIDENT and THE FIRST LADY depart the Prefecture of Calvados en route to Caen – Carpiquet Airport, Caen, France

9:05am EST / 3:05pm CEST THE PRESIDENT and THE FIRST LADY arrive at Caen – Carpiquet Airport, Caen, France

9:15am EST / 3:15pm CEST THE PRESIDENT and THE FIRST LADY depart Caen – Carpiquet Airport en route to Shannon Airport, Caen, France

10:50am EST / 3:50pm IST THE PRESIDENT and THE FIRST LADY arrive at Shannon Airport, Shannon, Ireland

11:00am EST / 4:00pm IST THE PRESIDENT and THE FIRST LADY depart Shannon, Ireland, en route to Trump International Landing Zone, Doonbeg, Ireland, Shannon, Ireland

11:20am EST / 4:20pm IST THE PRESIDENT and THE FIRST LADY arrive at Trump International Doonbeg Landing Zone, Doonbeg, Ireland

~ Day Four Concludes ~

Beijing Doubles Down Against Western Business Interests…


When President Trump began confronting China on trade practices, there was always a likely totalitarian Chinese response. The inevitable response when confronting the duplicitous dragon is always an attack; it’s the only way Beijing knows how to respond.

Last week Beijing threatened to take action against any corporation who would be perceived as working against the interests of the state.  This week communist Beijing begins doing exactly that:

(SCMP) China’s antitrust regulator slapped a US$23.6 million fine on Ford Motor Company’s Chinese venture for restricting sales prices in its hometown, taking the second such action against US carmakers in three years as trade tensions deteriorated between the world’s two largest economies.

Changan Ford Automobile, the 50:50 venture between Michigan-based Ford and Chongqing Changan Automobile, must pay a penalty of 162.8 million yuan (US$23.6 million) – equivalent to 4 per cent of the venture’s annual sales in Chongqing – for a business practice that restricted retail prices since 2013, according to a statement by the State Administration for Market Regulation.

The antitrust fine on Changan Ford is the latest salvo by China after the commerce ministry’s Friday announcement that it was compiling a list of “unreliable” foreign companies and individuals deemed to be hurting Chinese interests. (read more)

The Red Dragon is doing what the Red Dragon does. Thus we enter the phase when corporate interests, particularly multinationals, recognize at its core China is a communist state-run, controlled-market, system.  All western businesses engaged with China are now at risk of retribution from the communist state.

China is counting on the prior western investment being so significant that a corporation will be reluctant to withdraw.  However, in this outlook Beijing seriously underestimates the free market because communist controlled China doesn’t understand the action of a inherently free market.

The first loss is the best loss. If walking away from an investment provides more financial security and stability than attempting to retain a grip on a tenuous position – corporations will walk away.

The reaction from China is immensely predictable; and creates a downward spiral. If any corporation is perceived as working against the interests of the state; the state will take control of the corporate interest. What western business interest would want to do business within China when that reality is the landscape of every economic decision?

Meanwhile President Trump, Secretary Wilbur Ross and USTR Bob Lighthizer are not backing down from the confrontation.  GM and Volvo, both with major financial investments in China, had requested relief from U.S. tariffs.   Here is where the sharp side of Ross and Lighthizer comes into play:

WASHINGTON/STOCKHOLM (Reuters) – The United States has rejected separate requests from General Motors Co and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models.

GM, the largest U.S. automaker, and Sweden’s Volvo both said they were aware of the respective denials of their nearly year-old petitions. Both companies had not raised the sticker price to account for tariffs, which came into play last July.

The denial of GM’s petition for its Buick Envision came in a May 29 letter from the U.S. Trade Representative’s office saying the request concerned “a product strategically important or related to ‘Made in China 2025’ or other Chinese industrial programs.” (read more)

Trump, Lighthizer and Ross are sending a very deliberate message.  If you crawled into bed with the Dragon, don’t look for us to help make your bed more comfy… deal with it.

As Wall Street and the multinational corporate community see that Trump is not going to assist anyone, even an American company who made a previously bad decision to invest in China, that awareness becomes a part of the corporate risk management equation.   Again, more pressure to exit the risk matrix that is now Beijing.

Meanwhile President Trump strategically engages with Tiawan and offers $2 billion in weapons to the arch nemesis of Beijing.

WASHINGTON (Reuters) – The United States is pursuing the sale of more than $2 billion worth of tanks and weapons to Taiwan, four people familiar with the negotiations said, in a move likely to anger China as a trade war between the world’s two biggest economies escalates. (read more)

Now, many pundits -vested in selling Wall Street positions- immediately begin to stoke fears about this economic confrontation leading to a military war with China, but that is nonsense.

The only way China would be able to deploy it’s military, as a cloaked weapon to assist the economic war, would be if hostile U.S. military action toward an actual Chinese geographic interest was part of the equation.  That dynamic doesn’t exist.  [Note: this potential need was always the reason for China retaining manipulative control of North Korea as a proxy province.]

So long as President Trump continues hitting China on purely economic issues; and there’s every reason to believe he will; Panda can only hit back using economic tools it controls.  The U.S. has far more economic leverage than China in this dynamic. [Note the brilliant Trump foresight of U.S. and Japan relations.]

Thus President Trump only has to position U.S. policy to benefit non-engagement with China (see Huawei); and China will respond by destroying any affiliated business they view as participating in, or supporting, the adverse policy [see Fed-Ex]. Beijing cannot help itself. The dragon will act as a dragon will act.

President Trump has positioned this geopolitical trade reset perfectly. Trump is applying Chairman Xi’s own “us -vs- them approach” toward confronting China. The supply chain investment Beijing needs to sustain itself is now being controlled by elements outside China. Beijing responds by attacking those in the international community who control the investment.

This will not end well for China.

Watch as time goes along and more companies, and nations, slowly walk toward the exits with China. There is just too much inherent financial risk.

No Deal – U.S. and Mexico Officials Fail to Reach Agreement on Border, Immigration, tariffs…


According to recent reporting, officials representing the U.S. and Mexico have failed to reach an agreement on measures to stop the flood of migrants traveling through Mexico.  As a result of the scale of the crisis, and without an agreement from Mexico to stop the worsening problem, President Trump has announced tariffs on imported goods from Mexico will start June 10th.

A hastily called press conference by Mexican officials is pending.  Livestream Link

Predictably Mexican President Lopez-Obrador is unwilling to stop the migration from Central America.  There are strong indications the Mexican government does not control the border region as Mexican drug cartels are in charge.

Last month U.S. Customs and Border Patrol report 144,278 people were apprehended attempting to cross the U.S. southern border in May alone.  The region is in crisis.

(Source Link)

According to recent reporting, officials representing the U.S. and Mexico have failed to reach an agreement on measures to stop the flood of migrants traveling through Mexico.  As a result of the scale of the crisis, and without an agreement from Mexico to stop the worsening problem, President Trump has announced tariffs on imported goods from Mexico will start June 10th.

A hastily called press conference by Mexican officials is pending.  Livestream Link

Predictably Mexican President Lopez-Obrador is unwilling to stop the migration from Central America.  There are strong indications the Mexican government does not control the border region as Mexican drug cartels are in charge.

Last month U.S. Customs and Border Patrol report 144,278 people were apprehended attempting to cross the U.S. southern border in May alone.  The region is in crisis.

(Source Link)

Michael Flynn Fires Lawyers – DOJ Files Documents Under Seal…


UPDATE (3:55pm EDT): The lawyer change (motion for leave) was denied by Judge Sullivan due to a technicality in the filing (no accompanying order, and failure to outline method of notification to Flynn). They are free to refile (probably will).

Previously: This is a very interesting development and may well indicate a change in strategy; or, even more interesting, the execution of a pre-planned strategy, for General Michael Flynn.  There is a possibility, with legal distance happening as a result of Weissmann and Mueller’s investigation concluding, that Michael Flynn may be shifting to offense.

Two separate court filings today show: (1) Lt. Gen. Michael Flynn has fired his legal team and retained new counsel; and, (2) the DOJ is filing the evidentiary documents (possibly Joe Pientka 302 and Kislyak transcript?) under seal.

The Daily Caller is reporting that an announcement from the new legal counsel will come out within the next few days:

Robert Kelner, a partner at Covington & Burling, said in a court filing Thursday that Flynn terminated their arrangement and has already hired new lawyers.

[…] It is not clear why Flynn is replacing Covington & Burling as counsel. Kelner declined comment. A source close to Flynn told The Daily Caller News Foundation a statement is likely to be released in the coming days. (link)

Additionally Techno Fog is noting there are new DOJ filings being presented to the court “under seal” (This could be the FD-302, from Flynn FBI interview, and/or the Kislyak transcript the DOJ previously would not provide the court in public record):

Additionally x 2, there is another motion by the DOJ (Van Grack, Jessie Liu) where previous filings under seal the government is now saying can be released.

My guess on the motion allowing ‘unsealing’ is that it could be connected to the Scope Memos provided by Rosenstein authorizing the targeting of Flynn; or it could be tied to the Flynn participation in the lobbying case.  Both would be pertinent to sentencing.

All of this is very interesting.

I hope this is connected to an intentional decision by Michael Flynn to stay in litigation long enough to outlast the Weissmann-Mueller probe.   CTH suspicion has always been that Weissmann-Mueller threatened Flynn with prosecution of his son, Flynn Jr., to coerce a plea agreement.

If our hunch has been accurate, Weissmann-Mueller held prosecution of Flynn Jr. as a sword of Damocles over the head of Flynn Sr. throughout the prosecution, plea and sentencing….  However, if that’s the case, with Weissmann and Mueller ending their investigation, Flynn would be out from under the threat.

This is a lot of supposition; but it would be extremely damaging to the DOJ if this view is accurate.  If a plea was signed under duress and threat, Judge Emmet Sullivan could dismiss the agreement.

Politically, this would also be extremely damaging to Mueller and crew.

Remarkable developments….

BACKSTORY…

On December 29, 2016, President Obama announced a series of sanctions against Russians who were located in Maryland. This was Obama’s carefully constructed response to provide additional validity to the Joint Analysis Report. After fueling the Russia conspiracy for several weeks the Obama administration knew this action would initiate a response from both Russia and the incoming Trump administration.

After the December 29, 2016, sanctions against Russia, the Obama IC were monitoring Kislyak communications and watching for contact with the incoming Trump administration.

Additionally, it is suspected Flynn may have been under a FISA surveillance warrant which seems confirmed by the Weissmann/Mueller report. The FBI intercepted, recorded, and later transcribed the conversation. [Notice how Judge Sullivan says: “and any other audio recordings”; ie he’s suspecting additional surveillance.]

In the January 2017 background, the media were continuing to follow the lead from the Obama White House, and Intelligence Community (writ large), by fueling a narrative that any contact with Russians was proof of collusion of some sort. In addition, the communications team of the Obama White House, DOJ, FBI and aggregate IC began pushing a narrative surrounding the obscure Logan Act.

The ridiculous Logan Act angle was promoted by Deputy Attorney General Sally Yates, and targeted to infer that any action taken by the Trump campaign prior to taking office was interference with the political Obama Russia action. Any contact with Russian government officials would be evidence of collusion. That was the plan. DOJ Deputy AG Sally Yates was in charge of pushing the Logan Act narrative to the media.

The first two weeks of January 2017 was a merging of two necessary narratives: (1) Russian interference; and (2) the Logan Act. Each deployed against any entity who would counter the Russia narrative story.

The media were running this dual narrative 24/7 against the incoming Trump officials and demanding repeated answers to questions that were framed around this story-line.

On January 3rd, 2017, the new congressional year began. SSCI Vice-Chair Dianne Feinstein abdicated her position within the Gang-of-Eight, and turned over the reigns to Senator Mark Warner. Warner was now the vice-chair of the SSCI; and a Go8 member.

On January 6th, 2017, the Obama White House published the Intelligence Community Assessment, and declared:

We assess Putin and the Russian Government aspired to help President-elect Trump’s election chances when possible by discrediting Secretary Clinton and publicly contrasting her unfavorably to him. All three agencies agree with this judgment. CIA and FBI have high confidence in this judgment; NSA has moderate confidence. (pdf link)

It is not coincidental the ICA was “high confidence” by Brennan and Clapper; and less confidence by Mike Rogers (NSA).

With the Flynn Dec. 29, 2016, transcript in hand, the DOJ and FBI began aiding the Logan Act narrative with Obama intelligence officials supporting the Russia Conspiracy claims and decrying anyone who would interfere or counter the official U.S. position.

On January 14th, 2017, the content of the communication between Flynn and Kislyak was leaked to the Washington Post by an unknown entity. Likely the leak came from the FBI’s counterintelligence operation; the same unit previously carrying out the 2016 campaign spying operations. [Andrew McCabe is highly suspected]

The FBI CoIntel group (Strzok, McCabe etc.), and the DOJ-NSD group (Yates, McCord etc.) were the largest stakeholders in the execution of the insurance policy phase because they were the epicenter of spygate, fraudulent FISA presentations and the formation of the Steele Dossier.

The media leak of the Flynn conversation with Kislyak was critical because the DOJ/FBI were pushing a political narrative. This was not about legality per se’, this effort was about establishing the framework for a preexisting investigation, based on a false premise, that would protect the DOJ and FBI. The investigation they needed to continue evolved into the Mueller special counsel. This was all insurance.

The Flynn-Kislyak leak led to Vice-President Mike Pence being hammered on January 15th, 2017, during a CBS Face the Nation interview about Trump campaign officials in contact with Russians. Pence was exceptionally unprepared to answer the questions and allowed the media to blend questions about campaign contacts with necessary, and entirely appropriate, transition team contacts.

Sunday January 15th, 2017 – VP-elect Mike Pence appears on Face The Nation. [Transcript Here]

JOHN DICKERSON: But there’s a distinction between that feeling about the press and legitimate inquiry, as you say, that the Senate Intelligence Committee is doing.

Just to button up one question, did any advisor or anybody in the Trump campaign have any contact with the Russians who were trying to meddle in the election?

MIKE PENCE: Of course not. And I think to suggest that is to give credence to some of these bizarre rumors that have swirled around the candidacy. (link)

*NOTE* The incoming administration was under a false-narrative siege created by the media. At the time (early Jan, 2017) ‘any contact’ with Russians was evidence of meddling/election-collusion with Russians. VP-elect Mike Pence poorly answered the question from Dickerson from a very defensive position.

The toxic media environment and Mike Pence speaking poorly during a Face The Nation interview now became a much bigger issue.

Once Vice-President Mike Pence made the statement that Flynn had no contact with anyone from Russia etc. any contradictory statement from Flynn would make Pence appear compromised. Michael Flynn is now contrast against Pence’s false point without clarification. As National Security Advisor Flynn was interviewed by the FBI on January 24th, nine days after Pence made his comments.

Tuesday January 24th – Lt. Gen. Mike Flynn was interviewed at the WH by the FBI.

During this ambush interview, disguised as a meeting, FBI Agent Peter Strzok and FBI Agent Joe Pientka were contrasting Vice-President-elect Pence’s statements to CBS against the known action of Mike Flynn. [Flynn has three options: either (1) Flynn contradicts Pence, or (2) he tells a lie; or (3) Flynn explains Pence misspoke, those were his options.]

How Flynn responded to the line of inquiry, and explained/reconciled the difference between Pence’s statement on Jan 15th and what actually took place on December 29th, 2016, is why the FBI ended up with the initial conclusion that Flynn wasn’t lying.

It is within this dynamic where the FD-302 reports, written by Strzok and Pientka, then became the subject of political manipulation by Asst. FBI Director Andrew McCabe.

The FBI knew the content of the Flynn call with Sergey Kislyak because they were listening in. The FBI were intercepting those communications. So when Pence said no-one had any contact on January 15th, the FBI crew IMMEDIATELY knew they had an issue to exploit.

We see the evidence of the FBI knowing they had an issue to exploit, and being very nervous about doing it, in the text messages between Lisa Page and FBI Agent Peter Strzok who would end up doing the questioning of Flynn.

The day before the Flynn interview:

January 23, 2017, the day before the Flynn interview, Lisa Page says: “I can feel my heart beating harder, I’m so stressed about all the ways THIS has the potential to go fully off the rails.” Weird!

♦Strzok replies: “I know. I just talked with John, we’re getting together as soon as I get in to finish that write up for Andy (MCCABE) this morning.” Strzok agrees with Page about being stressed that “THIS” could go off the rails… (Strzok’s meeting w Flynn the next day)

[We’re not 100% sure who “John” is, it is highly likely to be Johnathan Moffa; However, we know “Bill” is Bill Priestap, FBI Deputy Director in charge of Counterintelligence. And “Jen” is Jennifer Boone, FBI counterproliferation division]

So it’s the day before they interview Flynn.

Why would Page & Strzok be stressed about “THIS” potentially going off the rails?

The answer is simple: they knew the content of the phone call between Mike Flynn and Sergey Kislyak because they were listening in, and they were about to exploit the Pence statement to CBS. In essence they were admitting to monitoring Flynn, that’s why they were so nervous. They were planning and plotting with Andrew McCabe about how they were going to exploit the phone-tap and the difference in public statements by VP Mike Pence.

There’s a good possibility Flynn was honest but his honesty contradicted Pence’s national statement on CBS; and Flynn likely tried to dance through a needle without being overly critical of VP-elect Pence misspeaking. Remember, the alternative: if Flynn is brutally honest, the media now runs with a narrative about Vice-President Pence as a national liar.

Wednesday January 25th, 2017, – The Department of Justice, National Security Division, (at this timeframe Mary McCord was head of the DOJ-NSD) – received a detailed readout from the FBI agents who had interviewed Flynn. Yates said she felt “it was important to get this information to the White House as quickly as possible.”

Thursday January 26th – (morning) Yates called White House Counsel Don McGahn first thing that morning to tell him she had “a very sensitive matter” that had to be discussed face to face. McGahn agreed to meet with Yates later that afternoon.

Thursday January 26th – (afternoon) Sally Yates traveled to the White House along with a senior member of the DOJ’s National Security Division, “who was overseeing the matter”, that is Mary McCord. This was Yates’ first meeting with McGahn in his office, which also acts as a sensitive compartmented information facility (SCIF).

Yates said she began their meeting by laying out the media accounts and media statements made by Vice President Mike Pence and other high-ranking White House officials about General Flynn’s activity “that we knew not to be the truth.

According to Sally Yates testimony, she and Mary McCord presented all the information to McGahn so the White House could take action that they deemed appropriate. When asked by McGahn if Flynn should be fired, Yates answered, “that really wasn’t our call.”

Yates also said her decision to notify the White House counsel had been discussed “at great length.” According to her testimony: “Certainly leading up to our notification on the 26th, it was a topic of a whole lot of discussion in DOJ and with other members of the intel community.”

Friday January 27th – (morning) White House Counsel Don McGahn called Yates in the morning and asked if she could come back to his office.

Friday January 27th – (late afternoon) According to her testimony, Sally Yates returned to the White House late that afternoon. One of McGahn’s topics discussed was whether Flynn could be prosecuted for his conduct.

Specifically, according to Yates, one of the questions *McGahn asked Yates: “Why does it matter to DOJ if one White House official lies to another?” She explained that it “was a whole lot more than that,” and reviewed the same issues outlined the prior day.

[*If you consider that McGahn was trying to thread the needle between Mike Pence’s poorly worded response to CBS, and Michael Flynn’s FBI questioning that came after Pence’s statement, McGahn would see the no-win situation Flynn was in during that inquisition.]

McGahn then expressed his concern that taking any action might interfere with the FBI investigation of Flynn, and Yates said it wouldn’t: “It wouldn’t really be fair of us to tell you this and then expect you to sit on your hands,” Yates claims to have told McGahn.

McGahn asked if he could look at the underlying evidence of Flynn’s conduct, and she said they would work with the FBI over the weekend and “get back with him on Monday morning.”

Friday January 27th, 2017 – (evening) In what appears to be only a few hours later, President Trump is having dinner with FBI Director James Comey where President Trump asked if he was under investigation. Trump was, but to continue the auspices of the ongoing investigation, Comey lied and told him he wasn’t.

This why the issue of how the FBI agents write the 302 summary of the Flynn interview becomes such an important facet. We see that dynamic again playing out in the messages between Lisa Page and Peter Strzok; with Andrew McCabe providing the guidance.

Don’t forget, FBI Deputy Director Andrew McCabe was likely the person who leaked the content of the Mike Flynn phone call between Flynn and Russian Ambassador Kislyak to the Washington Post. A massive leak of highly classified information:

Within the case against Michael Flynn, prosecutor Brandon Van Grack later filed a cover letter attempting to explain the reason for the Flynn interview on January 24th, 2017, and a delay in the official filing of the interview notes (FD-302) on February 15th, 2017, and then another edit on May 31st, 2017.

To explain the FBI delay, Van Grack claimed the FD-302 report “inadvertently” had a header saying “DRAFT DOCUMENT/DELIBERATIVE MATERIAL” (screen grab)

What the special counsel appeared to be obfuscating was a process of deliberation within the investigative unit, headed by FBI Deputy Director Andrew McCabe, surrounding the specific wording of the 302 report on the Flynn interview. Likely how best to word the FBI notes for maximum damage.

In late 2018 Prosecutor Brandon Van Grack was attempting to hide the length of the small group deliberations within the FBI. In hindsight it seems he did not want the court to know Andrew McCabe was involved in shaping how the Flynn-302 was written.

However, we know there was a deliberative process in place, seemingly all about how to best position the narrative, because we can see the deliberations in text messages between Lisa Page and Peter Strzok: See below (note the dates):

The text message conversation above is February 14th, 2017.

The Michael Flynn FD-302 was officially entered into the record on February 15th, 2017, per the report:

The interview took place on January 24th, 2017. The FD-302 was drafted on January 24th, and then later edited, shaped, and ultimately approved by McCabe, on February 14th, then entered into the official record on February 15th.

It was a deliberative document from the outset. Thanks to the Strzok/Page text messages we know the cover letter from the Special Counsel is misleading. The Feb 15th, 2017, date was the day after McCabe approved it (three weeks after the FBI interview).

May 17th, 2017, Robert Mueller was assigned as special Counsel. Then, the FD-302 report was re-entered on May 31st, 2017, removing the header; paving the way for Mueller’s team to use the content therein.

This level of overt corruption, and corrupt intent within the special counsel, is one of the more brutally obvious reasons why authorizing Deputy AG Rod Rosenstein should be regarded as participating in a political framing against the Trump White House.

The FBI interpretation of the Flynn interview was the way the DOJ and FBI could control the interview content; and specifically because the only recourse Flynn would have to contradict that FBI interpretation would be to compromise the Vice President… Flynn cannot openly challenge the structure of the narrative within the 302 outline.

See what happened?

Does it all make sense now?

Do you see why there are reports of the second FBI agent, Joe Pientka, saying he didn’t believe Flynn lied to them in the interview. Likely because Flynn didn’t lie; but the McCabe crew jumped on the opportunity to frame a lose/lose. Either Flynn accepts a version of the 302 report where he lied; or, Flynn has to take the position that Vice President Mike Pence lied to the nation in the CBS Face The Nation interview.

See how that went down?

However, after Weissmann and Mueller enter the picture, they need to force Flynn to admit to the construct of the 302 as presented. For that they need some leverage.

The original authorization for the appointment of Special Counsel Robert Mueller was May 17th, 2017. The recently released Weissmann report shows there were two additional scope memos authorizing specific targeting of the Mueller probe. The first scope memo was August 2nd, 2017, OUTLINED HERE, and is an important part of the puzzle that helps explain the corrupt original purpose of the special counsel.

The second scope memo was issued by Rod Rosenstein to Robert Mueller on October 20th, 2017. The transparent intent of the second scope memo was to provide Weissmann and Mueller with ammunition and authority to investigate specific targets, for specific purposes. One of those targets was General Michael Flynn’s son, Michael Flynn Jr.

As you review the highlighted portion below, found on pages 12 and 13 of the Weissmann report, read slowly and fully absorb the intent; the corruption is blood-boiling:

This second scope memo allowed Weissmann and Mueller to target tangentially related persons and entities bringing in Michael Cohen, Richard Gates, Roger Stone and Michael Flynn Jr. Additionally this memo established the authority to pursue “jointly undertaken activity“.

The four identified targets within the original July 2016 investigation, “Operation Crossfire Hurricane”, were George Papadopoulos, Michael Flynn, Paul Manafort and Carter Page. (See HPSCI report):

General Flynn was under investigation from the outset in mid-2016. The fraudulent FBI counterintelligence operation, established by CIA Director John Brennan, had Flynn as one of the early targets when Brennan handed the originating electronic communication “EC” to FBI Director James Comey on/around July 31st, 2016.

The investigation of General Flynn never stopped throughout 2016 and led to the second investigative issue of his phone call with Russian Ambassador Kislyak:

Page #12 October 20th, 2017, Scope Memo:

The first redaction listed under “personal privacy” is unknown. However, the second related redaction is a specific person, Michael Flynn Jr.

In combination with the October 2017 timing, the addition of Flynn Jr to the target list relates to the ongoing 2016/2017 investigation of his father for: (1) possible conspiracy with a foreign government; (2) unregistered lobbying; (3) materially false statements and omissions on 2017 FARA documents; and (4) lying to the FBI.

This October 20th, 2017, request from Weissmann and Mueller aligns with the time-frame were special counsel team lawyers Brandon L. Van Grack and Zainab N. Ahmad were prosecuting Michael Flynn and cornering him into a guilty plea.

Getting Rosenstein to authorize adding Mike Flynn Jr. to the target list (scope memo #2) meant the special counsel could threaten General Flynn with the indictment of his son as a co-conspirator tied to the Turkish lobbying issue (which they did) if he doesn’t agree to a plea. Remember: “jointly undertaken activity“.

Forcing a plea for ‘lying to investigators‘ by threatening prosecution for FARA violations was the identical strategy used against both George Papadopoulos and Michael Flynn.

The October 20th, 2017, expanded scope memo authorized Mueller to start demanding records, phones, electronic devices and other evidence from Mike Flynn Jr, and provided the leverage Weissmann wanted. After all, Mike Flynn Jr. had a four month old baby.

The amount of twisted pressure from this corrupt team of prosecutors is sickening. A month later, General Flynn was signing a plea agreement:

Jordan Peterson: 5 Hours for the NEXT 50 Years of Your LIFE (MUST WATCH)


Published on May 24, 2018

Jordan Peterson’s Life Advice Will Change Your Future. Be sure to use the Video Guide listed in the description to watch this motivational speech! Subscribe for Motivational Videos Every Weekday, Helping You Get Through The Week! http://bit.ly/MotivationVideos Special Thanks To Jordan Peterson for allowing us to share! YouTube: https://www.youtube.com/user/JordanPe… Twitter: https://twitter.com/jordanbpeterson Support his Patreon: Patreon: https://www.patreon.com/jordanbpeterson Video Guide: 00:08 Sacrifice Current Impulses For Future Gratification 05:37 Don’t Strive For Happiness 09:56 King Of The Losers 12:06 Start Your Day By Cleaning Up Your Room 17:44 Your Story Means Something 29:33 Meaningful Experiences Matter 36:30 What To Aim For In Life? 59:12 The Danger in College 1:15:09 Dealing With Chaos 1:22:36 How To Interpret Dreams 1:30:13 Your Untapped Potential 1:39:41 The Buddha 1:52:12 Responsibility 2:03:37 Creative People 2:15:00 How To Listen To People 2:24:57 Relationship Advice 2:32:37 Potential Mate Traits 2:42:42 The Hero Myth 3:18:27 How To Motivate Yourself 3:26:14 Food Of The Gods 3:31:52 Religious Experience 3:38:10 Psilocybin 3:42:40 Mystical Experiences Through Psychedelics 4:09:39 Psilocybin and DMT 4:17:27 Nietzsche’s Beyond Good And Evil Special Thanks To Jordan Peterson for allowing us to share! YouTube: https://www.youtube.com/user/JordanPe… Twitter: https://twitter.com/jordanbpeterson Patreon: https://www.patreon.com/jordanbpeterson Follow us on: Instagram: http://bit.ly/2rhGNMY Facebook: http://bit.ly/2r85DC3 Twitter: http://bit.ly/2qir5TO —————————————-­­————————- Help us caption & translate this video! http://bit.ly/Translate4Motivation

Pumped Dry: The Global Crisis of Vanishing Groundwater | USA TODAY


Published on Aug 14, 2018

In places around the world, supplies of groundwater are rapidly vanishing. As aquifers decline and wells begin to go dry, people are being forced to confront a growing crisis.