Jun 12 2026

Posted originally on Jun 11, 2026 by Martin Armstrong |

FIAT The Truth About Money – 2nd Edition (unedited)

$59.95

At last, the real truth about money.

This book on FIAT is perhaps the most definitive work on this subject, tracing the origin of this theory of FIAT and why it has become so distorted. The lack of understanding of what even constitutes FIAT, that all paper currency is just FIAT because it is not backed by some commodity, prevents us from comprehending not merely what money is, but its role within the global economy. Coins over the century could be struck in gold, silver, bronze, or some copper-alloy, and if their value was decreed to be worth far more than their metal content. FIAT is by no means just paper money. There were people who proposed issuing a platinum coin with a value of $1 trillion to pay off the debt? That too would be FIAT.

Then there is the questionable Elastic Money used by central banks creating inflation combined with discredited Keynesian Economics assuming society can be manipulated with interest rates. But is money exclusively the product of a central bank? Has debt become money that just pays interest? Are we blaming the gun for a murder rather than the person who pulls the trigger? Is debt a part of the monetary system? Does bank lending create money privately? Where does BITCOIN fit into this quagmire of trying to define what is actually money?

Jun 12 2026

President Trump Holds an Oval Office Press Conference

Posted originally on CTH on June 11, 2026 | Sundance

Leading the beginning of the media event with an announcement of the Iran agreement, President Trump notes a signing event for the negotiated deal will likely take place in Europe attended by JD Vance.

President Trump then moved quickly to the topic of an executive order opening fisheries for U.S. commercial fishing fleets, making announcements about the subject before opening up for questions. WATCH:

Jun 12 2026

President Trump Expresses Optimism a Deal with Iran Has Been Reached

Posted originally on CTH on June 11, 2026 | Sundance

Maybe the third time is the charm. President Trump indicates that a deal with Iran has been reached and agreed by all the participating stakeholders.

[Source]

Jun 12 2026

President Trump Nominates SDNY U.S. Attorney Jay Clayton to Serve as Director of National Intelligence

Posted originally on CTH on June 11, 2026 | Sundance

President Trump has announced current Southern District of New York U.S. Attorney Jay Clayton for the position of Director of National Intelligence. [Truth Social] This nomination would seem to officially moot ADNI Bill Pulte.

Jay Clayton is a fellow alumnus along with President Trump from the University of Pennsylvania (undergraduate ’88, and law school ’93).

Clayton also was the signatory for the Nicholas Maduro indictment in his USAO position in New York. Clayton was prosecuting the case.

While Clayton holds national security clearances, his nomination position would seemingly ensure Deputy DNI Aaron Lukas remains in position – per statutory guidelines for military intelligence, or similar, requirement within the ODNI office.

[NOTE: Depending on Clayton’s current intelligence status]

PRESIDENT TRUMP – “I am pleased to announce the Nomination of very Highly Respected Jay Clayton, former Chairman of the Securities and Exchange Commission, the former Head of Sullivan & Cromwell, one of the most prominent and successful Law Firms anywhere in the World, and the current United States Attorney for the Southern District of New York, to be the next Director of National Intelligence and, importantly, to serve in my Cabinet. Few people anywhere in the Legal Community are respected at the level of Jay. I encourage the United States Senate to confirm Jay as soon as possible. Thank you for your attention to this matter!”

~ President DONALD J. TRUMP

There is a possibility this nomination announcement could change the dynamic in the Senate, where the previous FISA (702) reauthorization bill from the House currently resides.

Jay Clayton was not previously friendly to Cryptocurrency in the position of SEC Chair.

By nominating Clayton, Trump shifts from an acting chief with no intelligence experience to a nominee with extensive legal and regulatory credentials. The move follows mounting pressure from lawmakers to resolve the FISA stalemate and install a confirmed leader at the DNI. It also reflects Trump’s pattern of selecting figures he views as trusted allies with experience in high-profile legal roles.

With the House rejecting a short-term FISA extension and many lawmakers out of Washington, the Senate must address Clayton’s confirmation alongside the urgent need to renew surveillance powers. The compressed schedule risks both issues remaining unresolved before the program lapses. The overlap of leadership transition and legislative deadline underscores the political and operational pressure on Congress. (source)

Jun 12 2026

DOJ Announces Series of Arrests During Investigations to Find 450,000 Missing Unaccompanied Alien Children

Posted originally on CTH on June 11, 2026 | Sundance |

Acting Attorney General Todd Blanche held a press conference earlier today to outline a series of arrests during ongoing investigations to find thousands of missing unaccompanied alien children. [DOJ Press Release Here]

So far DHS agencies have found approximately 150,000 missing children with around 300,000 still unaccounted for as search and investigative efforts continue. The statistics within the press conference are alarming. WATCH:

DOJ – Yesterday in Cleveland, Ohio, indictments were returned charging three illegal aliens from Guatemala for international smuggling of unaccompanied alien children (UAC) and defrauding the government, while another illegal alien was sentenced to prison for smuggling a UAC to the United States in 2023 and then fraudulently obtaining custody of the child who he then sexually abused.

The indictments charge Maritza Azucena Cahuec Coc, 38, and her brother Carlos Agustin Cahuec Coc, 33, both illegal aliens from Guatemala, for their roles in an international alien smuggling conspiracy, spanning from approximately December 2020 to October 2023, that included submitting multiple fraudulent sponsorship applications to the Department of Health and Human Services’ (HHS) Office of Refugee Resettlement (ORR) to gain custody of UACs. Gladys Marina Caal Chen, 20, an illegal alien from Guatemala, who, herself, was fraudulently sponsored as a UAC, is charged with making false statements to the government in connection with a UAC sponsorship application.

Juan Tiul Xi, 27, from Guatemala, pleaded guilty for helping smuggle a child into the United States and submitting a fraudulent sponsorship application, falsely representing that he was the child’s brother. After gaining custody, Xi sexually abused the child. For that, he was convicted of sexual battery of a child in state court and sentenced to eight years in prison. Additionally, Xi was sentenced to 26 months in federal prison to be served consecutive to the eight year state prison sentence.

“For too many years, under the prior administration, unaccompanied children were smuggled to the United States and then taken in by a mismanaged government program guided by reckless policy direction,” said Acting Attorney General Todd Blanche. “Instead of protecting children, these defendants and others allegedly took advantage of the program and used it to entice the illegal smuggling of unaccompanied children to the United States and, as the sentence of Tiul Xi shows, leave them vulnerable to sexual assault, trafficking, and other exploitation.” (read more)

Jun 12 2026

Short Term FISA (702) Extension Fails in House – Strangely Specific Concern from Democrat Leadership

Posted originally on CTH on June 11, 2026 | Sundance

Keep in mind the FISA (702) extension already passed the House, and the bill is sitting in the Senate where the ever-predictable John Thune is not bringing it up for a vote.

This morning the House tried to pass a short-term FISA (702) extension for three weeks (ending July 2). The measure failed by a vote of 218 to 198. In addition to Democrats, nineteen republicans also voted against it.

The Democrats are claiming their lack of support surrounds the appointment of Bill Pulte as Acting DNI effective June 19, and their concern that Pulte will weaponize the FISA (702) authority to conduct political surveillance. Yes, it’s a rather hypocritical projection within their claim.

[SOURCE]

Now, you might ask yourself…. where in the world would the Democrats get the idea that FISA (702) would be used to get “dirt on President Trump’s political enemies.” What would lead them to that suspicion?

As customary, the radical leftists are projecting based on their own conduct. This is the same “702” authority that Barack Obama and Joe Biden previously used to do exactly that political surveillance. We have outlined the entire operation in granular detail citing all of the FISA records that showed exactly what the Obama-Biden group were doing.

It’s difficult to keep general information hidden in/around Washington DC, and I suspect Democrat Leadership have heard something about what DNI Tulsi Gabbard is poised to release surrounding FISA (702) abuse.

For more than a few years CTH has been chasing multiple records relating to known FISA (702) abuses, including our effort to get the previous notification from the National Security Agency (NSA) to the FISA Court which outlined key details about which offices, agencies and portals were used by “contractors” to exploit the NSA database.

Additionally, do not forget there are classified versions of Inspector General Michael Horowitz’s investigative report(s) on known FISA 702 abuses once he was given access to the Dept of Justice National Security Division. Horowitz specifically investigated Obama era FISA (702) abuses and outlined two reports, one public (redacted) and one classified.

Without going into a lot of detail, I suspect Tulsi Gabbard and Aaron Lucas might be releasing some newly declassified information surrounding prior NSA database abuse and declassified information about the identified surveillance targets therein. This might explain where that unusually specific concern from Democrat leadership is originating.

Methinks they doth protest too much.

Jun 12 2026

Three Days After Prime Minister Starmer Pledges to Lead New Ukraine Military Effort, British Defense Minister Resigns

Posted originally on CTH on June 11, 2026 | Sundance

A few days ago, the ‘coalition of the willing’ (Starmer, Merz, Macron and Zelenskyy) met in London to hammer out the latest words on paper, a new military pledge to support Ukraine against Russia.

Both British Prime Minister Keir Starmer and King Charles III agreed to a renewed military effort that included British armed forces securing Ukraine territory according to their plan.

Three days later, British Defense Minister John Healey resigns, citing insufficient funding of military. Seriously folks, you cannot make this up. This comes on the heels of the U.K. borrowing ships from Germany in order to participate in NATO exercises led by the U.K.

LONDON – UK Prime Minister Keir Starmer suffered a fresh blow on Thursday after Secretary of Defense John Healey resigned over a budget dispute, saying the government is not willing to give the British Armed Forces the “resources they need.”