This Week's JB with SFC

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In the absence of dialogue and debate, both here in the U.S. and in Europe, it continues to be incumbent upon John Batchelor and Stephen F. Cohen to bring us the full, objective story on the current events in Eastern Europe. With so much misinformation permeating the internet, this week's Ukrainian discussion is a must listen for anyone in search of context and truth.

Again, John Batchelor is an American radio host. His site and podcasts can be found here: http://johnbatchelorshow.com

Professor Stephen F. Cohen is one of the world's foremost experts on Russian history and Russian studies. His wikipedia page can be found here: http://en.wikipedia.org/wiki/Stephen_F._Cohen

This segment of Mr. Batchelor's program was recorded just last evening. Please give it a full listen.

TF

24 Comments

TreeTop Dweller's picture

Thanks

TF,Thanks for all you do!

Turd Ferguson's picture

The second segment

MODERATOR

Where Cohen discusses the history of WW2 is invaluable. Terrific.

DeaconBenjamin's picture

Red Army Choir

department of truth's picture

thanks for posting John Bachelor

Many thanks for posting these interviews with Stephen Cohen.  They prompted me to contact the John Bachelor show in regard to the consequences of nuclear war.  I have spent the last 8 years talking about peer-reviewed studies that predict that a US-Russian nuclear war will basically leave Earth uninhabitable.

I got an invite to speak on the show, and recorded a 20 minute interview this evening.  We discussed the catastrophic environmental consequences of nuclear war, which in the case of the launch of either US or Russian launch-ready nuclear weapons, would create a global stratospheric smoke layer that would create Ice Age weather conditions for a decade or longer.  Daily minimum temperatures would be below freezing for a couple years, and it would be impossible to grow food crops for more than a decade.  Most people would starve.

Seems important to me that this should be part of the discussion about nuclear war.  However, none of the leaders of the nuclear weapon states have publicly acknowledged or discussed these scientific predictions.  In fact, every US representative I have questioned at the UN (during the last 4 years) has stated that they are not familiar with this information. 

best regards,

Steven Starr

DayStar's picture

Harvey's Up! (TFMR)

Unabridged Harvey with DayStar comments at:  http://www.tfmetalsreport.com/comment/405668#comment-405668

Dave Kranzler (IRD): With formal investigations and oversight now occurring, and with Deutsche Bank’s resignation, the move to close down the silver fix is implicit confirmation that the London gold and silver markets are rigged. Although the gold fix should be shut down as well, and both immediately, I believe that the western Central Bank/bullion bank cartel has no choice but to keep the gold fix going. I suspect that short of an eventual default and collapse of the LBMA – just like the London Gold Pools of the 1960's defaulted and collapsed – will prevent the corrupt banks from maintaining the rigged gold fix. WIth that in mind, however, the LBMA can do nothing to hide the deep red Scarlet Letter of admission which now marks the London gold/silver fix, which is perhaps why the news announcement came with no explanation. To be sure, this event has also added confirmation to anyone with remaining doubt about the corrupt and rigged nature of the western precious metals markets.

Harvey: Gold caught bids today especially with the release of the PPI showing an underlying inflation buildup. However our bankers as usual held the gains to 1%. The gold/silver equity shares were on the weakish side today, so expect our bankers to try to knock our two precious metals down again tomorrow. The big news of the day was the elimination of the silver fix. Also Russia and China again are moving away from the USA with deals.

Patrick Burton (Mises Canada): Reuters reports that the ECB is working on detailed policy plans for its June meeting including cuts to all interest rates and targeted liquidity operations to boost lending to the real economy. The ECB could also announce a plan to purchase asset backed securities (ABS) which would come into force later this year. Meanwhile, the WSJ reports that, according to unnamed sources, the Bundesbank is willing to support such unprecedented steps to ease policy, if inflation got unacceptably low. The euro dropped sharply on both reports. “Negative deposit rates” means that the banks will charge the customer for saving money and placing it in the bank. According to Keynesian theory (if there really is such a thing) government needs to spur “aggregate demand” in order to stimulate the economy to increased production. Keynes had no respect for savings... only spending. He called the consequences of savings to be a “paradox of thrift” in that if we all save instead of spend, then the economy will go into a death spiral. He was completely ignorant of capital theory, which explains that REAL capital, not paper money capital, comes from deferring spending ON CONSUMER GOODS in order to increase spending ON CAPITAL GOODS.

Mark O'Byrne (via Max Kaiser and RT): People don't understand bail-ins and think it was just the rich who were affected. It is was not and is not. Your average-sized, small or medium-sized enterprise business (SMEs) could easily have €100,000 to €300,000 on deposit and that is what they use to pay the salaries of their employees. This is the key thing that people are not understanding and the ramifications of this...It is justified as almost a socialist measure whereby we are redistributing wealth from the very wealthy 1% (or the 0.1%) to the middle classes who are suffering from austerity. Nothing could be further from the truth. They are actually penalising and going after the savings of the middle classes and again protecting the interests of the 1% (or the 0.1%) and they are basically protecting the interests of large banks at the expense of small banks and smaller institutions and of the SMEs. The other ramifications of bail-ins are that there are capital controls. So even in Cyprus today they still have not relaxed capital controls.

Matthew Boesler: Some investors between 1997 and 2013 may have gotten early word of changes to Federal Reserve policy and profited by trading before the Fed announced the policy shifts, according to Singapore-based researchers. Trading records show abnormally large price movements and imbalances in buy and sell orders that are "statistically significant and in the direction of the subsequent policy surprise".

SRSrocco:  The U.S. Mint just updated their Silver Eagle sales figures for May, and it was a whopper. Since the beginning of last week, the U.S. Mint sold 1,939,500 million Silver Eagles. This is a big number. Total for the month of May is already at 3,262,000 oz. We can see that May, with more than half of the month remaining, is only 300,000+ oz away from surpassing April’s total. In fact, the US Mint sold more silver eagles last week than the total gold eagles it has sold over the past three years. At this rate, May could turn out to be the highest sales month, beating the record set in March at 5,354,000 oz.

Consumer Metrics Institute on the Bureau of Economic Analysis (BEA) 1st Quarter economic growth: For this report the BEA assumed annualized net aggregate inflation of 1.30%. During the first quarter (i.e., from January through March) the growth rate of the seasonally adjusted CPI-U index published by the Bureau of Labor Statistics (BLS) was a full half percent higher at a 1.80% (annualized) rate, and the price index reported by the Billion Prices Project (BPP -- which arguably reflected the real experiences of American households while recording sharply increasing consumer prices during the first quarter) was over two and a half percent higher at 3.91%.

Bill Holter (Miles Franklin): The Chinese are in effect lining themselves up to become "a" if not "the" reserve currency of the world. They have watched as the U.S. abused their privilege of issuing the reserve currency and they also have seen the global sentiment sour as we "imposed" one sided deals on weak and needy business partners. I believe that since the Chinese do have such a long term "vision" of the future, their actions now will stand as the foundation for the next 50, maybe even 100 years or more. I will finish with this statement, "They don't need us, we will need them". I truly believe this to be the case. The Chinese know this, and sadly the American people do not.

Bill Holter (Miles Franklin): The only ones who still don't get what's happening with the dollar for the large part are the American people. Once Saudi Arabia announces that they will accept other currencies for oil (or God forbid that they will no longer accept dollars), the American people will finally get it. They will "get it" right in the pocketbook which apparently is THE only way to get American's attention. I would give great odds that within 2 weeks of any Saudi "change of teams" that the dollar will become an international pariah. I also think it highly likely that the "rest of the plan" will come into effect which will be large orders of gold and silver which will not (because they cannot be) be filled. My guess is that $20-$25 billion "dollars" are all that are needed to blow the entire Western financial system to pieces should they be presented for metal.

Ambrose Evans-Pritchard: China's authorities are becoming increasingly nervous as the country’s property market flirts with full-blown bust, threatening to set off a sharp economic slowdown and a worrying erosion of tax revenues. New housing starts fell by 15pc in April from a year earlier, with effects rippling through the steel and cement industries. The growth of industrial production slipped yet again to 8.7pc and has been almost flat in recent months. Land sales fell by 20pc, eating into government income. The Chinese state depends on land sales and property taxes to fund 39pc of total revenues. “We really think this year is a tipping point for the industry,” Wang Yan, from Hong Kong brokers CLSA, told Caixin magazine. “From 2013 to 2020, we expect the sales volume of the country’s property market to shrink by 36pc.

Zero Hedge: That Russia has been pushing for trade arrangements that minimize the participation (and influence) of the US dollar ever since the onset of the Ukraine crisis (and before) is no secret and has been covered extensively. But until now much of this was in the realm of hearsay and general wishful thinking. After all, surely it is "ridiculous" that a country can seriously contemplate to exist outside the ideological and religious confines of the Petrodollar... because if one can do it, all can do it, and next thing you know the US has hyperinflation, social collapse, civil war and all those other features prominently featured in other socialist banana republics like Venezuela which alas do not have a global reserve currency to kick around.

Tyler Durden: As the United States grows old, weary and underfunded as the global policeman, this oil rig debacle sits in the same category of global crises as Syria and Ukraine — just without the same sort of political urgency. By avoiding a U.S. treaty ally or major partner, China seeks to paint the U.S. as unable to assert its interests in the region. A negative consequence of this is that other states engaged in territorial disputes with China will seek to unilaterally militarize to offset their reliance on U.S. security guarantees, potentially creating a headache for China later in the future. The decision to move oil rig HD-981 into disputed waters matches China’s decision to impose an air defense identification zone (ADIZ) over the East China Sea in terms of signaling China’s appetite to unilaterally pursue its maritime territorial claims.

All this and more on...

The Harvey Report!                                                                                        smiley

http://www.tfmetalsreport.com/comment/405668#comment-405668

DayStar

Turd Ferguson's picture

Wow, Steven! That's terrific!

MODERATOR

Did the segment air this evening? Let me know so that I can search John's site for a podcast tomorrow and post it, too.

Congratulations!!

Kerbouchard's picture

Turd

Let me also add my thanks for these podcasts.  They are very enlightening.  I'm so tired of the usual BS narratives.

tyberious's picture

Many Thanks Steve

That's the shit that keeps me up at night!

Bohemian's picture

About this broadcast...

Professor Stephen F. Cohen is one of the world's foremost experts on Russian history and Russian studies.

I was listening the first 10 minutes, up to the moment when he is talking about Ukraine not wanting to pay right now and asking some big discount -- and he, being a bit sarcastic, is mentioning the "free market" issue, how the pricing is done. I think he is wrong. Well, he is wrong --

Gazprom stated that it will interrupt the gas supply to Ukraine on June 2, unless Ukraine pays its debt to Gazprom. Gazprom asks $3,51 Billion. Jurij Prodan, the head of the Ukraine's DOE, said, that Ukraine can’t pay this amount right now in full, considering the price that Gazprom is right now charging Ukraine. The Ukraine’s Naftogaz submitted to Gazprom several offers, options, trying to deal with this issue, but Gazprom didn’t respond. Moscow doesn’t want to deal with this government, right? They would just say: "Pay, and that's it." So, what are they charging for gas right now?

In 2009, Julia Timoshenko signed a deal with Moscow, that Ukraine would buy a FIXED amount of gas per year, no matter if they would need more or less; let’s say — they could have a mild winter, but according to this agreement, the supply was fixed for the price $485 (1000 cubic meters). It was the highest price in Europe.

Then, Janukovich won the elections, Timoshenko was sent to the jail, and Janukovich REFUSED the Association agreement with the EU. It was about the possible future EU membership. As a “thank you”, I guess, Gazprom/Moscow lowered the price of gas to $268.5 !!! Do you see some -- free market pricing mechanism here? I don't.

So, what about now? Well, Moscow doesn’t want to deal with this government and went back to the agreement from 2009, signed by Timoshenko, the fixed supply of the most expensive gas in Europe: $485.

Scooter's picture

Another article

Another article along similar lines.

http://www.atimes.com/atimes/China/CHIN-01-140514.html

flyinkel's picture

RE: Scooter Article

Or we could simply say US/Western conglomerates spent hundreds of millions of dollars in search of same oil, strung along by Vietnamese promises over several years, and once the research monies were spent and oil was set to be tapped the Vietnamese turned everything off and simply "could not negotiate a deal".  China now sees a steal.  The only real question is whether Vietnam gave China a wink, wink, nod, nod or whether China simply used its own network to follow the US progress in the area and knew the Vietnamese could not fight them.  These articles always seem to leave out the important facts, who was spending money where and to whose benefit.

Remember it wasn't too long ago that all foreign contractors in Viet Nam had to have a "minder" with them everywhere they went to report to headquarters.  And all foreigners were only allowed in foreign churches they were not allowed to mix with the local church population.

Point being, while Vietnam has seen tremendous recent western investment dollars, it's thought process is still not all that western.  Were we played?  That is the only real question.

Scooter's picture

RE: Flyinkel

Who played who is always a good question, especially on the international level. Once again "follow the $" and you can get a better idea of the truth.

As for a nod nod wink wink I'd say it's not from the populace, see article below with the pic's.

http://libertyblitzkrieg.com/2014/05/14/big-trouble-in-the-pacific-vietnamese-mob-burns-foreign-factories-in-anti-china-riots/

The US is way to extended in to many places in way to many ways. One of the worst is on their balance sheet. 

flyinkel's picture

Scooter, thanks for the post

The Vietnamese populace may or may not be on board with the Vietnamese elite.  Trickery is the only way I could describe the Western oil exploration expenditures for naught, always a "firm contract and commitment was coming".  I am reluctant to make any meaningful judgements, especially on first blush.  History has taught me when major US$$ have been flooding the market, especially in the areas of technology, such as Vietnam, there is often far more to the story than meets the eye.

agNau's picture

Looks to have potential for

interesting day. It's starting off with a "profit taking" session......;)

Events/Lies/Propaganda

Scooter's picture

Flyinkle

You are more than welcome my friend.

"The Vietnamese populace may or may not be on board with the Vietnamese elite." I would venture to guess that would be universal with most countries these days with few exceptions.....sad when you think about it. 

Agreed, whenever any gov of a country puts out anything for the public consumption one should use a block of salt and leave the grains for local use.

agNau's picture

Fed buys the banks "bad" assets once again.....

as the banks roll into the next profit holdings to ride them for a time.....
Cyclic.
Compressed increasingly.
This will continue until there is no room for another cycle......as the (excess) spills over into Belgium, and soon other countries(to be named later) in the FED's own version of channel stuffing. We all now should know that there is no taper....merely increased monetization that has been slipped up Yellen's sleeve.

Patrancus's picture

The only absence here

is the absence of a real investigation into IRS targeting certain groups in order to shut them down. When the native sheeples decide they have had quite enough of the criminal fraudster goobers, no amount of gooberment no matter how many guns and bullets they stockpile will be able to stop the purge of big gooberment fraud and deceptions upon the people hauling the wagons carrying the means of production. 

http://www.reuters.com/article/2014/05/14/idUSnMKWGMNB3a+1fc+MKW20140514

agNau's picture

Dan Nadler....

still trying to figure it out!

Urban Roman's picture

Reposting this from the swiss letter thread

And in Ukraine, more evidence of Blackwater mercs on a shooting spree in Krasnoarmeysk, from a more reputable source than the German tabloid story last week --
Ukraine: French Photographer Confirms U.S. Mercenary Presence -- Moon of Alabama

Looks like the mercs were hired by that guy who owns the company Junior Biden is going over to manage, whodathunkit..

metalsbyamile's picture

Long

As i read some where.

Long the jiffypop

Turd Ferguson's picture

And the civil war may have just begun

MODERATOR
flyinkel's picture

Obama/Syrian opposition leader, afraid Assad will win election

http://rt.com/op-edge/159156-usa-against-elections-in-syria/

Is Obama trying to defer elections because he fears Assad will win again?

http://www.usatoday.com/story/theoval/2014/05/14/obama-syria-opposition-ahmad-jarba-susan-rice/9073187/

These two articles actually have Obama meeting Jarbar, 1.7 billion spent on humanitarian aid in Syria.  RT article will obviously have a more Eastern slant, and other a Western.  I'll let you decide the creditability factors.

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