Jeff Stein reports: By the time Michael Flynn was fired as President Donald Trump’s national security adviser in February, he had made a lot of bad decisions. One was taking money from the Russians (and failing to disclose it); another was taking money under the table from the Turks. But an overlooked line in his financial disclosure form, which he was forced to amend to detail those foreign payments, reveals he was also involved in one of the most audacious—and some say harebrained—schemes in recent memory: a plan to build scores of U.S. nuclear power plants in the Middle East. As a safety measure.
In 2015 and 2016, according to his filing, Flynn was an adviser to X-Co Dynamics Inc./Iron Bridge Group, which at first glance looks like just another Pentagon consultancy that ex-military officers use to fatten their wallets. Its chairman and CEO was retired Admiral Michael Hewitt; another retired admiral, Frank “Skip” Bowman, who oversaw the Navy’s nuclear programs, was an adviser. Other top guns associated with it were former National Security Agency boss Keith Alexander and retired Marine Corps General James “Hoss” Cartwright, a former vice chairman of the Joint Chiefs of Staff whose stellar career was marred when he was prosecuted last year for lying to the FBI during a leak investigation.
In June 2015, knowledgeable sources tell Newsweek, Flynn flew to Egypt and Israel on behalf of X-Co/Iron Bridge. His mission: to gauge attitudes in Cairo and Jerusalem toward a plan for a joint U.S.-Russian (and Saudi-financed) program to get control over the Arab world’s rush to acquire nuclear power. At the core of their concern was a fear that states in the volatile Middle East would have inadequate security for the plants and safeguards for their radioactive waste—the stuff of nuclear bombs.
But no less a concern for Flynn and his partners was the moribund U.S. nuclear industry, which was losing out to Russian and even South Korean contractors in the region. Or, as Stuart Solomon, a top executive along with Hewitt at his new venture, IP3 (International Peace, Power and Prosperity), put it in a recent speech to industry executives, “We find ourselves…standing on the sidelines and watching the competition pass us by.” [Continue reading…]