Furthering The Discussion

33

As long as they keep talking, I promise to keep posting them. What and whom? Once again, John Batchelor discusses current events in Ukraine and Russia with renowned Russia expert, Professor Stephen F. Cohen.

There's not a lot that is new this week but John and Stephen do cover:

  • last Sunday's election results
  • the fighting in Eastern Ukraine
  • the continuing sanctions
  • Russia's strategy regarding the troop pullback and stand-down

When you have the time, please give it a listen so that on remain up-to-date on these ongoing events and please be sure to search for a local affiliate for The John Batchelor Show by clicking here: https://johnbatchelorshow.com

TF

  33 Comments

May 28, 2014 - 4:52pm

And every time I hear the

And every time I hear the Russian national anthem, I can't help but think of this. From Glenn Beck, circa 2009:

Bollocks
May 28, 2014 - 4:59pm

FURST!

yup

edit: jeez, not that turd bloke again. Ok, second it is.

Mr. Fix
May 28, 2014 - 5:11pm

Thank you for posting the John Batchelor show weekly,

You're right, even as much as I study the news on the Internet, it is one of the best sources of information coming from the Ukraine.

PS, Bollocks,

My cat loves your flick, he can't stop looking at it!

Urban Roman
May 28, 2014 - 6:31pm

In other news,

Three astronauts head up to the ISS:

https://boingboing.net/2014/05/28/russian-soyuz-rocket-launches.html

One of the last few trips they will take this way. For the money they've spent "bailing out" bankers, the US could have a super deluxe space program.

sierra skier
May 28, 2014 - 8:25pm

For the Money Spent on the Banks

We could have a base on Mars and be mining PMs.

I'll check out the podcast.

Boswell
May 28, 2014 - 8:36pm
DayStar
May 28, 2014 - 10:17pm

Harvey's Up! (TFMR)

Harvey's Up! https://www.tfmetalsreport.com/comment/618761#comment-618761

  • Mark O'Byrne (GoldCore): Gold broke below support at $1,284/oz yesterday and quickly fell to nearly $1,265/oz. Overnight, gold in Singapore fell to nearly $1,260/oz prior to a slight bounce back to $1,266/oz. Better than expected U.S. economic data and slightly lower official Chinese demand were cited as reasons for the move lower but it appeared more computer and technical driven as the price falls came before the U.S. economic data and Chinese demand figures were released. Technically, gold is vulnerable to a further fall to the double bottom between $1,180/oz and $1,200/oz. The 14-day relative-strength index fell to 32.9 yesterday, the lowest since December, and near the level of 30 that suggests a potential rebound to technical analysts. Gold has rebounded 5.2% this year even after yesterday’s 2% price fall and remains one of the best performing assets so far in 2014. The price weakness came despite continuing bullish developments for the gold market. Yesterday came news of China launching a new physical Global Gold Exchange and President Putin of Russia again affirmed how Russia values its gold reserves.
  • Harvey: Today again for the 7th straight day, our bankers decided it was necessary to whack gold. However silver withheld the attack and finished up by 2 cents. GLD saw no change in their inventory, after yesterday's huge gain and stands at 758.28 tonnes. SLV saw no change in silver inventory and stands at 10,284.40 tonnes. The big news today is the huge drop in bond yields throughout the globe. In China, the yuan falls to 19 month lows with news of a huge increase in Chinese bad debt. France reports a huge hole in the budget as instead of raising 30 billion euros from their increase in taxes, only 16 billion euros were received from French citizens. All GOFO rates are positive and increasing.
  • Chris Powell (GATA): Recent long periods of backwardation in gold show that central banks are losing their battle against gold as they did when the original London Gold Pool collapsed in 1968, GoldMoney founder and GATA consultant James Turk says tonight. "That the gold market has been in backwardation on so many occasions, and in many cases remained in backwardation for extended periods, just shows how unhealthy the market has traded because of paper manipulation," Turk says.
  • Chris Powell: Financial letter writer Mark Hulbert, commenting today for MarketWatch.com, says he knows what's dragging the gold price down -- unfavorable sentiment among other financial letter writers and unfavorable charts. It's no matter to Hurlburt that by their own admission central banks are trading in the gold market "nearly every day," presumably for policy purposes rather than for fun competitions among their foreign exchange desks, nor that, as noted by GATA consultant Rob Kirby of Kirby Analytics in Toronto, the U.S. government's broker, J.P. Morgan Chase & Co., maintains trillions of dollars' worth of interest rate derivatives that cannot possibly be hedged, cannot be anything other than government intervention in the bond markets. No, to hear Hurlburt tell it, it's all lousy sentiment and charts -- as if that surreptitious trading by central banks might not be creating the lousy sentiment and charts.
  • Chris Powell: The audit of its gold reserves vaulted at the Bank of England that last week was reported being planned by the Austrian central bank has been conducted and was part of a routine series of audits by the bank and its results will not be made public, a bank spokesman said today. The bank spokesman, Christian Gutlederer, commented in response to an inquiry by the German freelance financial journalist Lars Schall. In addition to inquiring about the gold audit, Schall asked if the Austrian central bank would be publishing a list of the serial numbers of its gold bars, but the bank spokesman did not acknowledge the question. Like most central banks, the Austrian central bank has a history of refusing to answer questions involving its gold reserves. Schall has tried with the bank before.
  • Reuters: shortly after Russia and China announced their historic gas deal, Vladimit Putin said at the recent International Economic Forum, that Russia need to ensure its gold and currency reserves are secure. And not just Russia: China too. Because apparently when it comes to speaking for "hard" monetary policy, Putin is now authorized to speak for both nations. From Reuters: "For us (Russia and China) it is important to deposit those (gold and currency reserves) in a rational and secure way," he said. "And we together need to think of how to do that keeping in mind the uneasy situation in the global economy." Putin also said China and Russia will consider further steps to shift to use of national currencies in bilateral transactions.
  • Bill Holter: There is no way that this one single trader could have possibly sold $50 billion (40 million ounces) in just two trading days. If this were the case and the market was "honest", any single trader that went that short would have been sniffed (squeezed) out in an epic "come to Jesus" moment by market participants. Any single trader that sold or shorted 1/2 of global gold production would have the task of eventually covering that position while a bunch of sharks circled to make this an impossibility without losing an equal amount of flesh. It also stands to reason that if these bursts of selling were not "officially" sanctioned, they would have been uncovered by the week's end.
  • Zero Hedge: Delinquent loans in China are a problem... and a growing one. It seems that news is finally starting to filter to a mainstream audience as Bloomberg reports that China’s biggest banks are poised to report the highest proportion of bad debts since 2009 after late payments on loans surged to a five-year high, indicating borrowers are struggling amid an economic slowdown.As S&P warns,"overdue loans are a leading indicator of asset-quality deterioration and show the rising liquidity constraints among borrowers... and the disturbing thing is the end is nowhere in sight." These numbers tell us that it does not appear that China can bear a very large increase in debt, and that the idea that the government can simply “bail out the financial sector” is erroneous, or at least, a stretch. China does not have the luxury of the United States, which can spend excessively because foreign countries continue to buy U.S. government debt.

All this and more on the Harvey Report!

https://www.tfmetalsreport.com/comment/618761#comment-618761

DayStar

metalsbyamile
May 29, 2014 - 12:18am

Betrayal

Justice for Taryn and Tanner

May 28, 2014 - 4:25 AM

By Michelle Malkin

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My comments-With actions like these, how will the west regain the trust of its citizens.Bloody shameful. I had a relative die at the Battle of Vimy Ridge.At the time the very least those soldiers were afforded, along with their families, respect, honor, a proper military burial, or civilian depending..Read this and see if you agree. The whole world has gone mad.

Behold Canada and America. One country supports the efforts of a U.S. Special Forces soldier's widow to hold accountable the jihadist who killed her husband and the father of her two young children. The other country helped free that jihadist from Guantanamo Bay in a shady deal that appeased his far-left allies.

Guess which side President Obama's on.

The widow is Tabitha Speer. Her children are Taryn and Tanner. Their husband and father was an American hero: Sergeant First Class Christopher Speer, a 28-year-old medic with the U.S. Special Forces. As I reported in my syndicated column 11 years ago, Speer died in Afghanistan during an ambush by al-Qaida operatives. The remorseless Islamic zealot who lobbed the fatal grenade that killed Speer in 2002: 15-year-old Omar Khadr.

Bleeding-heart activists painted Khadr as a brainwashed "child" soldier — while ignoring Speer's then 3-year-old daughter and 11-month-old son left fatherless in the name of Allah. Khadr knew exactly what he was doing: targeting Americans for murder. Sergeant First Class Layne Morris of South Jordan, Utah, was there. He lost his right eye in the ambush and said after the attack: "That was a trained al-Qaida who wanted to make his last act on Earth the killing of an American."

The FBI called Khadr, who was detained at Gitmo in November 2002, "cold and callous." Terrorist videos showed the teen smiling as he rigged explosives in preparation for the fight. The thought of killing our soldiers brightened his day, he said. One of his leaders exulted on tape as they readied their bombs and grenades: "Allah willing, we will get a good number of Americans."

Confused, innocent "child" of upstanding peace-seekers? Bull. Following Khadr's capture, I should remind you, his sister said the death of Speer was no "big deal". His mother declared she would rather see her sons at al-Qaida training camps than "be on drugs or having some homosexual relation." One brother openly admitted: "We are an al-Qaida family." And another brother stated: "Every Muslim dreams of being a shahid (martyr) for Islam."

Last week, as politicians paid lip service to honoring those who have served and sacrificed, Tabitha Speer and Morris were doing what they could to uphold honor and fight for real justice for the fallen. They filed a civil suit against Canadian-born Khadr, who had pleaded guilty, guilty, guilty, guilty and guilty in 2010 to five war crimes including murder and attempted murder related to the ambush in Afghanistan.

There is a precedent for such courtroom accountability: Mrs. Speer and Morris successfully sued the estate of Khadr's jihadi father and al-Qaida financier Ahmed Said Khadr. The terrorist patriarch died in a gun battle near the Pakistan-Afghanistan border in 2003, so a jury's $100 million civil award to Khadr's victims has never been collected.

But it did send a message. When necessary, American civilians will do the job their leaders won't do: pursue jihadist murderers whenever and wherever they can, and keep the legacies of our heroes in uniform alive. The new suit comes as coddled leftwing cause celebre Omar Khadr, now 27, prepares to sue the Canadian government for $20 million in civil rights damages.

The conservative Canadian government lent its public support to the Speer family and to Morris on the eve of Memorial Day weekend. "Our government supports the efforts of Tabitha Speer and fellow soldiers to receive compensation for their horrible loss." Good for them.

How about America's leaders? AWOL. The reason Khadr is in Canada, in case you didn't know, is that Obama freed Khadr from Gitmo after intense lobbying from the "compassionate" social justice crowd. He was repatriated to Canada just weeks before America's November 2012 election. Leading the pressure campaign on Obama: the Center for Constitutional Rights, which also crusaded for the release of former Gitmo jihadist Abu Sufian bin Qumu, a primary suspect in the Benghazi consulate attacks.

Canadian conservative writer and activist Ezra Levant, who has advocated tirelessly for the Speers and for other victims of jihad, noted recently that the liberal Canadian press has mentioned the Speer children a scant six times as Khadr milks leftist sympathies.

But what does it say when the Canadian government shows more compassion for the fatherless children of a U.S. soldier than their own government? A search for the Speer children on the White House website yielded: "No results."

https://www.cnsnews.com/commentary/michelle-malkin/justice-taryn-and-tanner

Spartacus Rex
May 29, 2014 - 12:59am

@ Metals - Re: "Betrayal"

Thank you for the post and for still hanging around here at least in the cheap seats, however I would greatly appreciate any update from your neck of the woods, as to what the local sentiment is currently with respect to stacking Hard Money gold and silver Coin, and what premiums are being charged and your Local Coin Shops. Cheers, Rex

metalsbyamileSpartacus Rex
May 29, 2014 - 1:03am

Spartacus Rex

Just finishing of Craig's podcast and off to work.Will report in later today.

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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

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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

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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