Iran signs and the City loses its grip.

Edition 13, 22 June 2026

The Iran war moved from the battlefield to paperwork. Trump and Iran agreed a Memorandum of Understanding and a sixty-day ceasefire. Israel was left fuming as it was sidelined completely and was not even allowed to see the agreement. The G7 met and produced nothing, which Mark Carney now calls the G-whatever. Britain boarded a Russian ship, promised Ukraine 150,000 drones, and buried a 211-page report into organised rape gangs. The new chairman of the Federal Reserve told the markets the era of cruel choices is over. Underneath it all: the City of London's machinery is failing, and the American System is rising in its place.

Iran: the deal goes to paper

Brigadier General Blaine Holt (ret'd USAF) and Stephen Kuhn, both former military, discussed the Memorandum of Understanding, between Iran and US, leading to a sixty-day ceasefire, and Iran agreeing it will never hold a nuclear weapon. Trump timed the signing to coincide with his birthday and Flag Day. The Iranians delayed signing past midnight to deny Trump that birthday present.

Trump ended a war, reopened the Strait of Hormuz, lowered oil prices, and got Iran to sign a deal saying they'll never have a nuclear weapon.

Stephen Kuhn

Holt pointed to 20% of American air-refuelling tankers leaving Tel Aviv, and heading home as confirmation of the deal. The Islamic Revolutionary Guard Corps, no longer has any significant combat capability, according to Holt. The money has dried up and the leadership is gone.

Ace noted how all the wrong people were furious at this deal. Neocons and pro-Zionists such as Mark Levin, Ted Cruz, Bill Cassidy, John Bolton, the Zionist wing and many big podcasters, all turned on Trump. Ace asserted that this tantrum was proof that the deal was right. The losers are the Israeli warmongers, the EU, and the City of London Davos crowd. The City lost its monopoly on shipping insurance and its hold over the pricing of oil through the paper-backed Brent futures contract. The United States won in many ways. It is now the largest oil producer on Earth, more than Russia and Saudi Arabia combined, and has captured a larger share of the energy market.

The G-whatever

The G7 met in Europe and Trump arrived proclaiming himself as the boss, in typical Trump fashion. Mark Attwood, said that Trump spent more time with Middle Eastern leaders than European ones, he ignored Keir Starmer, and turned his back on Zelenksy. Macron and Zelensky spoke to Trump in a private meeting to drag him deeper into the war on Russia, which Attwood calls a money-laundering operation disguised as a war. Later Marco Rubio said flatly that Zelensky was lying about what had been discussed.

Susan Kokinda plagiarised Mark Carney, warning us before she did so. She said he keeps repeating the mantra that the postwar rules-based order is over; at the G7 he dismissed it as the G-whatever. Kokinda's pointed out that the G7 existed to manage the postwar architecture of free trade, open borders and the green agenda, but that this only worked because of US military might.

The post-war rules-based order doesn't work without enforcement. And only the United States can enforce it.

British House of Lords report, cited by Susan Kokinda

Trump has stopped the US from being the hired thug of the globalists. So the City of London and EU managers are left paying obeisance to rules that no longer bind, scrambling for relevance.

Britain on the boil

Alex Krainer referenced what the British government has been up to lately with British SAS commandos illegally boarding a Russian cargo ship in international waters. Britain recently promised Ukraine 150,000 drones to attack Russia. This after the largest drone attack of the war so far hit Moscow, striking civilian targets, after which Zelensky gloated. Krainer said that the UK is desperate to provoke Russia into hitting a NATO target, both to rally the British people and to then justify sending military-aged men, now the biggest threat to the establishment, to the Eastern Front so that they don't turn on the government at home.

Rupert Lowe's Rape Gang inquiry was published on 16 June 2025, 211 pages. The mainstream media said nothing. Krainer speculated that Elon Musk is out to bring down the British government. Elon Musk has called the Labour MP Jess Phillips a rape genocide apologist and has said:

America should liberate the people of Britain from their tyrannical government.

Elon Musk poll, read out by Alex Krainer

Krainer's said that there is a faction in the United States that has decided to stop extracting British infiltration piece by piece and instead to take it down wholesale.

Lembit Opik, a former MP, called Starmer's new ban on social media for under-sixteens a Trojan horse for digital ID, since proving you are not fifteen means everyone verifying their age to use the internet.

Censorship is the last preserve of people who just don't trust their own intellect or their own arguments. Prohibition is what you do when you haven't got a proper solution.

Lembit Opik

Godfrey Bloom, a former MEP, argued that Britain should cut itself loose from a Washington that abandoned has its own constitution. He also argued for MI6 to be disbanded. Along with Mossad and the CIA, they are at the heart of the world's troubles. He gave a stark warning about Britons losing long-held rights. It is easy to steal something from people who have forgotten what they own, which is how trial by jury and the old protections of English law are being eroded away.

The City funded every side

Matt Ehret of canadianpatriot.org argued that the City of London and Wall Street, funded all sides of the last great convulsion: Bolshevism, Mussolini's corporatism and Hitler's National Socialism. Montagu Norman, Head of the Bank of England, running the Bank for International Settlements, kept the Nazi war machine financed and moved conquered nations' reserves into Nazi accounts.

The City of London doesn't represent the interests of England as a nation. It's something above that.

Matt Ehret

Matt warns that a decadent progressive phase is being engineered, with the economy being wrecked by design, and the resultant backlash radicalising the right, so that now the same left-right game is being played through mass immigration and the trans agenda.

Jim, who writes the Torma Time Substack, spoke about the The Guardian, a once, great independent newspaper was captured by the banking cartel. It was founded in Manchester in 1821 and protected by the Scott Trust to keep it independent of commercial and government control. That independence, he says, was captured. After the Snowden leaks, GCHQ, Special Branch and MI5 went in and ordered the paper to destroy its own servers. His conclusion is that the left-right media is one entity, splitting the public so it stays weak and fights itself instead of the thing above it.

The EU was always a cartel

Colonel Towner Watkins traced the origins of European Union back to the corporate cartels that predated the Second World War. Steel, oil and chemical firms fixed prices and traded patents across borders, and those patent deals were honoured even during the war, which she says hamstrung the American war effort.

After the war the same trading groups built institutions to embed their cartel rules: the World Bank and IMF for economic control, NATO as the military arm, and the EU as the political wing. Washington enabled all of it. Had the United States refused to recognise the EU as a trading bloc, as Trump now refuses, Watkins argues that it could not have functioned. Her research into Operation Gladio details how membership was enforced. The CIA and European intelligence services rigged elections, pouring some 60 million dollars into Italy's 1948 vote to keep out a party that would not join NATO. They spooks supported the resistance in Greece, and they tryed to kill Charles de Gaulle more than thirty times over Algeria. The same pattern, she says, plays out today, with Marine Le Pen barred from standing, Robert Fico shot in Slovakia, and the leading Romanian candidate removed by lawfare.

I refer to it as the Soviet Union of Europe. Nobody voted for any of them.

Colonel Towner Watkins

The American System takes the Fed

The quietest revolution took place at the Federal Reserve. Susan Kokinda explained that the new chairman, Kevin Warsh, at his first FOMC meeting, declined to cut rates, and then threw out two of the Fed's oldest fixtures. He rejected the Phillips curve, the idea that wage and productivity growth cause inflation and must be punished with higher rates, and he dropped the forward guidance, asking instead why the markets do not simply watch the real economy.

We do not need to make cruel choices.

Kevin Warsh, via Susan Kokinda

Kokinda said that this is the war of the American System against the British one. In the former, credit supports production, real growth is deflationary and to be celebrated, against the British model that treats the physical economy as something to feed on. She points to Hamilton's Report on Public Credit, which grew the young republic out of debt rather than repudiating it. Under Trump, the Pentagon's Office of Strategic Capital, has been given a 20 billion dollar facility. It has lent around 620 million dollars for productive ventures, such as the first rare-earth magnet plant in the United States, which will create a thousand jobs. A golden share in US Steel saved the Mon Valley works and its six thousand workers.

Alex Krainer addressed the impact of Washington announcing 24-hour trading in gold and oil. Since the City can only push prices around while its own market is open, round-the-clock trading strips out the control that the City of London exercises on the price of oil and gold.

Seeing through the fog

The British Empire never ended. The City of London is still the operator behind the week's headlines, and the headlines are one fight in several costumes. The Iran signing, the G-whatever, the SAS on a Russian deck, the buried inquiry and a Fed chairman who will no longer make cruel choices are the same struggle seen from different windows. The frame holds for years; the events age in days.

The exit Trump is building is the American System: sovereign production, credit for invention, prices set by delivery rather than paper, and a central bank that does not punish growth. The exit British readers can use is at notaxforwar.com whereby they can learn how to Trust law to lawfully, legally and peacefully withhold taxes as a protest against war. The City cannot run on what it cannot collect.

All the best.