Batchelor and Cohen Return

Wed, May 31, 2017 - 10:14am

After a two week hiatus, John and Steve returned last evening with a full update on The New Cold War.

Events are still moving quickly in The New Cold War with the most outrageous statement of late coming from US senator John McCain, who described Russian president Putin as a greater threat to the US than ISIS. This is ridiculous on so many levels that it's not possible for me, in the space here, to break down the full lunacy and hypocrisy of this statement. Thankfully, Mr. Batchelor and Professor Cohen do a fine job in this podcast so there's no need for me to go on.

As always, please be sure to listen this week...and every order to stay on top of this ever-evolving and dangerous situation. And thanks again to John and Steve for their tireless efforts at keeping us all informed.


About the Author

turd [at] tfmetalsreport [dot] com ()


May 31, 2017 - 10:18am



May 31, 2017 - 10:36am



May 31, 2017 - 10:44am
May 31, 2017 - 10:53am

Blockchain, Traceability and Nonrepudiatiation

Re-posting on this may want to think about this Craig, as you continue to hold your (2 is it?) Bitcoins.

This Blockchain discussion is very interesting (e.g. what legacy banks may or may not do with Blockchain).

If you track what is happening in FinTech (Financial Technology), Blockchain is not be fought by the legacy banks. Instead, they are trying to figure out how to use it along with some other FinTech solutions.

Blockchain provides the capability for both Traceability and Nonrepudiation, but the capability is not necessarily going to be democratized.

  • Traceability: Ability to verify the history, location, or application of an item by means of documented recorded identification
  • Nonrepudiation: Assurance that someone cannot deny something

However, it does not mean that just anyone will be allowed to peer into the distributed ledger and discern exactly what occurred, who did what, etc. for privacy and security reasons.

There will likely be a "trusted authority" to read the digital books and provide official testimony with respect to financial transactions. What entity? Department of Treasury? Department of Justice?

How will this be enforceable in the USA (for example, "trusted authority" getting access to distributed ledger of Bitcoin wallet providers)? Under the auspices of anti-money laundering and anti-terrorism, the US Government can order every ISP (and/or at DNS level) to block the IP address of any non-compliant Alt Coin company.

This can be done much more efficiently than just transferring all of the records (as is currently debated in Congress as an invasion of privacy) by developing an API for the government to be able to access Alt Coin data. (Note: Will still be an invasion of privacy with API, just more efficient).

So, actually, if you really think about it, Blythe is actually not likely lying. She is likely just omitting her opinion about how it will be actually implemented.

Blockchain will provide all of the benefits she mentioned (such as speedier settlement). Regarding the transparency, she just left out the word "capability" when she spoke about it. She likely believes that there will still be an authority that will be the "voice" and source of information disclosure.

Sound familiar? If there is no enforceability of position limits in the COMEX, how can there possibly be enforceability of encrypted data that some official entity has to obtain, decipher, and report about?

Angry Chef
May 31, 2017 - 11:37am

Russia Calls House Bill an “Act of War.”

It seems to me that the crazies in the basement are putting all there ducks in line for War with Russia, China, Iran, and anyone else that stands in our way.

I've warned everyone for a long time now. The Neo-Con crazies are freaks. They're tied together in a bond of pedophilia and blood cult. If we don't stop this.....

May 31, 2017 - 11:38am
May 31, 2017 - 11:51am

This is what passes as "The Resistance"

As you have all learned from listening to JSSFC for the past 3+ years, Putin and Saakashvili despise each other. In fact, Saakashvili would likely describe Putin as his mortal enemy.

You know this. I know this. But apparently this fool and his 153,000 mind-numbed and buffoonish followers do not.

Angry Chef
May 31, 2017 - 2:50pm
May 31, 2017 - 10:14pm

Obama-Era Officials Subpoenaed By House Intel Committee

In Trump "Unmasking" Probe

by Tyler Durden

May 31, 2017 5:10 PM

While it was not surprising that as part of the ongoing probe into alleged Russian interference in the 2016 elections, the House Intel Committee issued a total of seven subpoenas on Wednesday as the WSJ reported, what was surprisng is that in addition to four subpoenas focusing purely on the Russia investigation, the Republican-led committee also issued three subpoenas focusing on "unmasking" questions, involving how and why the names of associates of President Donald Trump were unredacted and distributed within classified reports by Obama administration officials during the transition between administrations.

As part of the "unmasking" investigation, in addition to the NSA, the House committee also subpoeaned the FBI and the CIA for information on how and why Trump-linked names were exposed to the entire US intel community, and led to an avalanche of "unnamed sources" stories. Recall that typically information about Americans intercepted in foreign surveillance is redacted, even in classified reports distributed within the government, unless a compelling need exists to reveal them. Unmasking requests aren’t uncommon by top intelligence community officials but Republicans want to know whether any of the unmaskings of Trump campaign officials during the transition were politically motivated.

According to the WSJ, Republicans on the committee have been pushing for a thorough investigation of how the names of Trump campaign officials became exposed in classified intelligence reports based off intelligence community intercepts. Specifically, the three "unmaksing" subpoenas seek information on requests made by former national security adviser Susan Rice, former CIA Director John Brennan and former United Nations Ambassador Samantha Power for names to be unmasked in classified material.

The name of Samantha Power hasn’t previously been reported as a potential witness in the probe, and her inclusion in the subpoenas means that Republicans are also broadening their areas of investigation, the WSJ reports.

The House Intelligence Committee is one of two bodies currently probing the question of whether Russian meddled in the 2016 election and whether anyone from Trump’s campaign played a role.

Concurrently, the Senate Intelligence Committee is conducting its own investigation and has already issued subpoenas to Flynn and his businesses. Trump has said there was no collusion with Russia and called the investigation a witch hunt.

* * *

In addition to the above three, former national security adviser Michael Flynn and one of President Donald Trump’s personal lawyers, Michael Cohen, were also subpoenaed Wednesday by the House Intelligence Committee. Subpoenas were also approved by the committee for documents in possession of the Flynn Intel Group LLC, and Michael D. Cohen & Associates PC, Bloomberg reported.

"We approved subpoenas for several individuals for testimony, personal documents and business records," Republican Mike Conaway of Texas, who is leading the probe, and Adam Schiff of Washington, the ranking Democrat on the House panel, said in a joint statement. "We hope and expect that anyone called to testify or provide documents will comply with that request, so that we may gain all the information within the scope of our investigation."

While Flynn has previously said he would invoke the Fifth to avoid testimony, Cohen dismissed any talk of collusion with Russia. “To date, there has not been a single witness, document or piece of evidence linking me to this fake Russian conspiracy," Cohen said in a statement Tuesday. "This is not surprising to me because there is none."

* * *

It would, of course, be quite ironic if as a result of all these various probe, investigations and "witch hunts", Trump is cleared of all "collusion" allegations, while members of the previous administration end up facing civil or criminal charges.

May 31, 2017 - 10:59pm

this is fun

This idiot, Dworkin, appears to have fully deleted his utterly moronic tweet from earlier today.

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Forum Discussion

by Trail Trekker, 2 hours 28 min ago
by admin, 4 hours 28 min ago