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Question

The next world reserve currency

Reserve Currency
© Corbett Report
We've all seen some version of the following chart:

Empires Fall
© Corbett Report
It purports to show the changeover in world reserve currencies from one era to the next, which not coincidentally tracks the rise (and fall) of the various colonial empires of the last several hundred years, from the Portuguese to the Spanish to the Dutch to the French to the British to the current era of Pax Americana. The implication is obvious: No empire lasts forever, and sooner or later that empire will fall, and with it the world reserve status of its currency.

As Mike Maloney points out in a recent video, this chart is wrong "because the world didn't have a reserve bank that was doing international settlements or acting as a hub of any type of monetary system until the Bank of England." Prior to the Bank of England's establishment (discussed in my documentary Century of Enslavement: The History of the Federal Reserve), there were predominant currencies, but nothing like a "reserve" currency.

That being said, the point stands: Empires do rise and fall, and in the era of world reserve currencies and international settlements, their currency's status as a world reserve falls with them.

The other implication of this chart stands out like a sore thumb: The American Empire's time is running out, and the dollar is going to go down with it.

It's a theme I've discussed many times on the podcast, and something I've written about in detail over the years. The dollar is dying; everyone knows that. But the world reserve currency does not simply vanish; it is replaced. So here's the real question: If the dollar is going to go down, what will replace it?

NPC

Tucker Carlson: Are you living in a free society?

tucker carlson woke
Tucker Carlson with another great monologue about the encroaching totalitarianism...


Pirates

Iran will equate US military with ISIS if IRGC included on US terror list

irgc iranian
© AP Photo/ Mostafa Qotbi/IRNA
The statement comes several hours after the WSJ reports about the White House's plans to designate Iran's Revolutionary Guard Corps (IRGC) a foreign terrorist organisation (FTO) on 8 April. If taken, this move would be the first time the US has officially blacklisted another county's military as terrorists.

"If the Revolutionary Guards are placed on America's list of terrorist groups, we will put that country's military on the terror blacklist next to Daesh*", Heshmatollah Falahatpisheh, the head of parliament's national security committee, said on Twitter.

Both Tehran and Washington have previously accused each other of supporting terrorism and called each other's actions "terroristic" literally or figuratively.

Comment: Yet Saudi Arabia still isn't on the list... The U.S. terror list is a joke. The U.S.'s list of "terror sponsors" is a joke. The only nations on it are U.S. enemies, despite the fact that the U.S. and its allies have sponsored terror groups for decades.


Vader

US says it's 'seriously considering' military option in Venezuela, while idiot Rubio wants to declare Maduro 'terrorist'

maduro with military
© Facebook / Nicolás Maduro
Despite all efforts by the US, Maduro still holds the loyalty of the military.
As the White House is 'seriously' considering a military intervention in Venezuela, top regime-change advocate Sen. Marco Rubio wants to officially designate the Maduro government and citizen militias as 'terrorist organizations.'

"It is time for the Executive Branch to take important and necessary steps to further isolate Maduro and make clear to the world his regime's illegality, criminality, and depravity," Rubio urged, in a letter addressed to Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin.

Comment: Bluff and bluster once again. The US is not going to invade Venezuela. Convicted liar Abrams said as much:

Russian Trolls Strike Again! Regime Change Operator Elliot Abrams Blabs US Venezuela Plans in Prank Call

But the US still has the means to make life untenable in Venezuela:


Quenelle

Italian minister Salvini plans rally to unite Europe's conservatives ahead of EU parliament vote

salvini italy
© Reuters/Remo Casilli/File
Italy's Interior Minister Matteo Salvini arrives to attend a news conference regarding the return of former leftist guerrilla Cesare Battisti, in Rome, Italy, January 14, 2019.
Italy's Deputy Prime Minister Matteo Salvini said on Friday he would host a major rally of European nationalist and far-right parties to promote a shared political vision ahead of May's EU parliamentary elections.

Salvini leads the ruling League party and hopes to put together a bloc of like-minded, anti-immigration parties in the European parliament to challenge the traditionally predominant and mainstream centre-left and centre-right groups.

However he has so far struggled to create a broad, sovereignist front in the 28-nation European Union, with a matrix of conflicting national interests hindering his progress.

Light Saber

Elizabeth Warren introduces sweeping bill to punish criminal CEOs

Elizabeth Warren
© Mark Wilson/Getty Image
Sen. Elizabeth Warren (D-Mass.) speaks during the "We the People" summit featuring 2020 presidential candidates at the Warner Theatre on April 1, 2019 in Washington, D.C.
'Cheat working Americans, you'll go to jail'

Massachusetts Senator Elizabeth Warren introduced legislation Wednesday that would make it easier to imprison corporate executives whose companies commit crimes or "harm large numbers of Americans through civil violations."

"Corporations don't make decisions, people do, but for far too long, CEOs of giant corporations that break the law have been able to walk away, while consumers who are harmed are left picking up the pieces," the 2020 Democratic presidential contender said in a statement.

Comment: If Elizabeth Warren would confine herself to useful political activities such as this, instead of trying to play identity politics, she might get some traction with the electorate.


Eye 1

Freedom of the press? House Democrats are demanding 'oversight' on Fox News' editorial decisions

Elijah Cummings
© Chip Somodevilla / Getty
Rep. Elijah Cummings (D-MD)
Democrats in the U.S. House of Representatives are demanding to know why Fox News did not publish a story prior to the 2016 election about an alleged affair years before between porn star Stormy Daniels and Donald Trump.

House Committee on Oversight and Reform chair Rep. Elijah Cummings (D-MD) wrote to former Fox News reporter Diana Falzone last month demanding that she turn over any documents relating to Trump's alleged extramarital affairs.

An article in the New Yorker last month alleged that Fox News executive Ken LaCorte spiked the story to protect Trump - a claim LaCorte has vehemently denied, saying the story lacked corroborating evidence and that the network was merely practicing responsible journalism, as were other outlets who declined the story.

Attention

Your hatred of Assange is irrelevant: His prosecution will strike a devastating blow to press freedom around the world

JulianAssange
© Risk
Julian Assange
By the time I publish this we'll be at or around the 24-hour mark since WikiLeaks announced that two high level Ecuadorian government insiders had told them that Julian Assange faces eviction from the Ecuadorian embassy within days, which seems to have been further confirmed by the Foreign Minister of Ecuador now tweeting that states have the right to revoke political asylum at any time. Activists are mobilizing everywhere, a round-the-clock presence has been set up outside the Ecuadorian embassy in London, and a #Unity4J emergency broadcast is currently underway full of many respected dissident voices coming together in defense of the legendary leak publisher.


And, as we should all have come to expect by now, the establishment narrative management patrol has been going out of its way to inform us all that this is a good thing and no cause for alarm. Whenever you voice concerns about the persecution of Julian Assange on any public forum, you will with remarkable predictability encounter empire loyalists calling Assange a stinky Nazi rapist Putin puppet Trump supporter who deserves to be in prison forever.

Comment: As Johnstone previously commented: There is a power establishment which uses lies and secrecy to manipulate and deceive us, and it hates having the light of truth shone upon it more than anything.

More on the implications of prosecuting Assange:


Light Sabers

Libyan National Army led by Haftar begins offensive on UN-backed govt in Tripoli - UPDATE

Libyan National Army
© REUTERS/Esam Omran Al-Fetori
Libyan National Army, July 2017
The forces of the Libyan National Army (LNA), led by Khalifa Haftar, have assumed control over several southwest neighbourhoods of Tripoli, engaging in no major clashes so far, a source in the LNA told Sputnik Friday.
"As of now, the streets of the city are empty. It seems that almost all residents have chosen to leave the city. Several areas are already occupied by the LNA forces, for example, Janzur and Al-Swani, which are in the south-west of Tripoli. No clashes have taken place yet, only a few minor attacks from gangs along the way [of the Haftar army divisions] to Tripoli."
Meanwhile, the mayor of Garyan in Libya told Sputnik on Friday that the LNA, led by Haftar, had assumed control of the city without fighting.

"The Libyan National Army entered Garyan and assumed full control over it without any resistance on the part of the armed militia that had withdrawn in the direction of Tripoli several hours before the LNA coming," Bahlul Sayyid said.

The mayor said that the situation in the city was calm, no sounds of clashes were heard in neighbouring settlements. Haftar's army was advancing upon Tripoli, he added.

According to Sputnik source, head of the Government of National Accord (GNA), Fayez Sarraj, remains in Tripoli despite the LNA offensive.

Comment: See also: UPDATES: April 5, 2019

FRN provided a location map for situational identification:
Libya map
© FRN
This map is an up-to-the-minute representation of the present situation in Libya. The Red dots represent areas held by Haftar/Benghazi, the Green dots represent either Tripoli's forces or various warlords.
Haftar's forces have been routing the Tripoli government's forces without major problems, followed by today's call for a march to the capital.

UN Secretary-General Antonio Guteres, who arrived in Tripoli on Wednesday, called for restraint from both sides, warning the growing danger of a new major confrontation.
UNSC, G7, Russia and the US have called on Haftar to halt advances toward Tripoli. RFE/RL has this:
After an emergency meeting on April 5, the council warned that the military activity of Haftar's Libyan National Army (LNA) was putting the country's stability at risk. German Ambassador Christoph Heusgen, who currently holds the Security Council presidency..."called on LNA forces to halt all military movements." The council said it would hold accountable those responsible for any further violence.

The council's statement came hours after UN Secretary-General Antonio Guterres met with Haftar in Benghazi as part of efforts to forestall an outright assault on Tripoli and avoid a bloody civil war. "I leave Libya with a heavy heart and deeply concerned. I still hope it is possible to avoid a bloody confrontation in and around Tripoli," he said on Twitter after his meeting.

Earlier, foreign ministers from the Group of Seven (G7)...expressed their "deepest concern" about the renewed fighting and urged an immediate end to military activity. "We urge all involved parties to immediately halt all military activity and movements toward Tripoli, which are hindering prospects for the UN-led political process, putting civilians in danger, and prolonging the suffering of the Libyan people," a statement said

Russia, which has provided Haftar with backing in the past, claimed it was not helping the commander's forces in the offensive and that it supported a negotiated political settlement that ruled out any new bloodshed. Kremlin spokesman Dmitry Peskov told news agencies on April 5 that Moscow was monitoring the situation.

The U.S. State Department also sounded the alarm about the new fighting.
Reports on action in the field:
Reuters and other news agencies said Haftar's forces took the town of Gharyan, about 80 kilometers south of Tripoli after fighting against forces allied with Prime Minister Fayez al-Serraj, who is based in Tripoli.

Tripoli-allied forces also reportedly took dozens of soldiers from Haftar's units prisoner in a town west of the capital.

Late on April 5, area residents said fighting was going on near the former international airport outside Tripoli and that the LNA had taken control of the facility. The Tripoli-based interior minister, Fathi Ali Bashagha, later said central government forces had retaken the airport.
The G7 group doubled down in warning against military action and conflict:
"We firmly believe that there is no military solution to the Libyan conflict," the foreign ministers of France, Britain, Germany, United States, Italy, Japan and Canada said in a joint statement. The ministers added that "any Libyan actor or faction that precipitates further civil conflict are harming innocent people and standing in the way of the peace that Libyans deserve."
UPDATES: April 6, 2019

Haftar's forces have now claimed control of Tripoli airport but have come under fire:
Libyan strongman Khalifa Haftar's forces say they have taken full control over the former Tripoli International Airport, 34km from the city. It comes amid reports that the UN-backed government used airstrikes against his troops. His troops were filmed driving through the largely defunct Tripoli International Airport on Saturday.

Meanwhile, several reports from local officials said forces loyal to the government in Tripoli launched air raids on two separate positions of Haftar's troops.

At least 14 LNA soldiers have been killed, yet airstrikes from the Tripoli-based forces have inflicted no damage on Haftar's troops. LNA "avoids" the use of aviation against enemy forces, to minimize collateral damage.

LNA said it was declaring a no-fly zone for military aircraft in the east of Libya, Al Arabia reported. It said it would conduct strikes on airbases, from which their opponents would try to launch further sorties.
And the latest word from Russia:
Russian Foreign Minister Sergey Lavrov on Saturday called on all sides in the conflict to refrain from using military force, including warplanes, and seek a peaceful resolution of their differences. "We have been sending the same signal to all political forces in Libya. We never tried to favor either of them." Moscow has called for a cessation of strikes in the escalating conflict, and for its sides to sit down for talks.
Local channel Al-Hadath reported: Four civilians were killed when their house was hit by an airstrike.





Briefcase

Devin Nunes: The Russian collusion hoax meets unbelievable end

Nunescomey
© Manuel alce Ceneta/Asssociated Press/CNBC.com.
Devin Nunes • James Comey
As the Russia collusion hoax hurtles toward its demise, it's important to consider how this destructive information operation rampaged through vital American institutions for more than two years, and what can be done to stop such a damaging episode from recurring.

While the hoax was fueled by a wide array of false accusations, misleading leaks of ostensibly classified information, and bad-faith investigative actions by government officials, one vital element was indispensable to the overall operation: the Steele dossier.

Funded by the Hillary Clinton campaign and the Democrat National Committee, which hid their payments from disclosure by funneling them through the law firm Perkins Coie, the dossier was a collection of false and often absurd accusations of collusion between Trump associates and Russian officials. These allegations, which relied heavily on Russian sources cultivated by Christopher Steele, were spoon-fed to Trump opponents in the U.S. government, including officials in law enforcement and intelligence.

Comment: The Examiner's Daniel Chaitin comments:
Alleged FISA abuse is now the subject of a revamped investigation by Senate Judiciary Committee Chairman Lindsey Graham, R-S.C., who last month demanded from the Justice Department a wide array of documentation related to the surveillance of Page and other members of the 2016 Trump campaign.

"[T]he Committee is concerned that the Woods procedures and a full presentment of material and relevant facts may not have occurred with regard to the applications for FISA warrants for (and the opening of the underlying investigations on) Carter Page and other individuals associated with the presidential campaign of Donald Trump," Graham wrote in a letter. Enacted in 2001, the Woods Procedures were intended to protect U.S. citizens from improper surveillance by the government, seeking to "ensure accuracy with regard to the facts supporting probable cause."

For years there has been suspicion of intelligence agencies waging a political campaign against candidate and then President Trump. Allies of Trump often seize on a breadcrumb trail of odd activity, such as the infamous 2016 tarmac meeting between Obama-era Attorney General Loretta Lynch and former President Bill Clinton when his wife Hillary Clinton was a presidential candidate and under investigation for her unauthorized email server. Also fueling speculation are comments such as that from Senate Minority Leader Chuck Schumer, who in January 2017, just before Trump's inauguration, warned the president-elect that intelligence officials "have six ways from Sunday at getting back at you."
Conservative Treehouse adds a warning note:
By now everyone knows there were two parallel operations, two investigative paths, at work in the 2016 election. There was an official government investigation, Crossfire Hurricane via the FBI; and an unofficial investigation, dossier assembly via Chris Steele and Fusion GPS. Both operations originated in synergy with the vast Russian conspiracy narrative.

One operation was a function of elements outside the traditional framework of government via Fusion GPS. The second operation was specifically happening inside government spurred by CIA Director John Brennan and with the delivery of his "EC" officially creating the Crossfire Hurricane counterintelligence investigation.

Crossfire Hurricane, began on July 31st, 2016. Later in the year, the FBI investigation merged with the Fusion GPS investigation through the use of the Steele Dossier; and that led to the FISA application on Carter Page as a way to enmesh the two tracks.

Devin Nunes does an excellent job explaining the Fusion-GPS network, which includes: Glenn Simpson, Nellie Ohr, Christopher Steele and eventually DOJ official Bruce Ohr. Bruce was the bridge to import opposition research (The Dossier) from the private sector and inject it into the FBI intelligence apparatus.

This Fusion-GPS operation, as Nunes correctly describes, culminated with the Steele Dossier being transferred into the FBI. Again, I strongly urge everyone to read the Op-ed.

However, there is a stark absence within Nunes outline; there is something completely missing, "the second operation". The operation that originated from within the U.S. government in early 2016. The CIA operation started by John Brennan.

The external team, Glenn Simpson and Nellie Ohr et al, could not instruct Joseph Mifsud (Maltese Professor, FBI/CIA asset), or Alexander Downer (Australian Diplomat), or Stephan Halper (U.K. Academic and FBI/CIA asset), or Charles Tawil (Israeli CIA asset) to make contact with George Papadopoulos, Mike Flynn or Carter Page. Those contacts were covert and (un)official government missions for the weaponized U.S. intelligence apparatus.

I can understand why Devin Nunes would want to avoid attention on the second 'inside government' operation due to collateral damage that might hit our intelligence capabilities, ie. FISA. Indeed, with Mr. Nunes in charge of keeping those intelligence capabilities intact, he has somewhat of a conflicted professional interest in full exposure.

However, let me state clearly I'm very concerned the U.S. intelligence system is going to take the same approach toward defending their conflicted interests that Devin Nunes is taking inside this op-ed.

Heck, it would not be a leap to anticipate CIA Director John Brennan, ODNI James Clapper and Deputy FBI Director Andrew McCabe counting on exactly this inherent conflict helping their own escape from accountability.

The Steele Dossier did not originate Crossfire Hurricane. CIA Director John Brennan ran an operation from February through July 2016 to create the Crossfire Hurricane investigation run by FBI Agent Peter Strzok. The Dossier was on an entirely different track.

Devin Nunes has been a solid and trustworthy patriot throughout. Unfortunately, while many people might not notice the gaping hole inside his op-ed, those of us who do notice have a reason to be concerned....

Do not let the Deep State bad actors escape by only holding outside conspirators accountable.