An Excellent New SFC and JB


After taking a week off, Stephen F. Cohen joined John Batchelor again last evening for a full update and discussion of the current events in Ukraine. As you wait for the Fedlines at 2:00 p.m. EDT, listening to this is a very productive use of your time.

Again, this was recorded just 12 hours ago so it's completely up-to-date. In this podcast, John and Stephen discuss:

  • The latest provocations including the pipeline explosion and death of Russian journalists
  • Recent demonstrations in front of the Russian embassy in Kiev
  • Potential timelines for "ending" the crisis peacefully
  • The internal pressures on Putin to "do something"

This is well worth the 40-minute investment of your time. When you're done listening, be sure to visit SilverSooner's excellent forum where he posts daily updates from his contacts within Ukraine: and be sure to seek out The John Batchelor Program on your local radio dial. More info can be found here:



cliff 567
Jun 18, 2014 - 11:31am



Jun 18, 2014 - 11:31am
Jun 18, 2014 - 11:32am

First, almost

Been awhile :)

Bongo Jim
Jun 18, 2014 - 11:43am


3rd or 4th, I just can't believe it, I'm beside myself.....I'm still wondering who that guy next to me is though.

Jun 18, 2014 - 1:14pm

And where have we heard this before...?

BBC news just reported (live) that the gov't has intelligence that ISIS terrorists are planning strikes on the UK mainland.

Yeah, right.

Looks like this is a lead-up to war.

Jun 18, 2014 - 1:32pm

Bongo Jim

Don't worry, it's just a slightly bewildered cartoon robot wink.

Jun 18, 2014 - 1:49pm

FOMC press conference

FOMC press conference Leaving the Board
Watch the live event today with Chair of the FOMC, Janet L. Yellen,
scheduled to begin at 2:30 p.m. ET.

Jun 18, 2014 - 2:02pm
Jun 18, 2014 - 2:05pm

up up up

Stocks up, bonds up, metals up! We're all gonna be rich I tell ya!

Jun 18, 2014 - 2:21pm



Jun 18, 2014 - 2:24pm
Jun 18, 2014 - 3:22pm

Of course, of course, once again it's the weather!

US central bank cuts growth forecast for 2014

Federal Reserve exterior

The US Federal Reserve has cut its growth forecast for 2014 due to the harsh winter weather.

The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.

However in its accompanying statement, the bank said that economic activity had "rebounded in recent months".

As expected, it has also trimmed back its stimulus programme by $10bn a month to $35bn.

Jun 18, 2014 - 3:41pm

Harsh weather

They have a long term strategy focis right there don'tcha know. I wonder if any other countries will pick up on it & run with it? You know - anyone else with snow in mid summer etc?

Dagney Taggart
Jun 18, 2014 - 3:59pm

Lk 21:8-9

And he said, Take heed that ye be not deceived: for many shall come in my name, saying, I am Christ; and the time draweth near: go ye not therefore after them. But when ye shall hear of wars and commotions (rumors of war), be not terrified: for these things must first come to pass; but the end is not by and by.

Relevant to both the JB and Rickards threads.

Human Mushroom
Jun 18, 2014 - 4:10pm


I thought the Fed switched from tapering to the Belgium Bond Buying program? Edit: Oops, I see I'm in the wrong thread.

Dagney Taggart
Jun 18, 2014 - 4:15pm


Obviously the elite's climate change myth is still included in their worldview model and it's not giving them the proper output.

Jun 18, 2014 - 4:19pm

Jun 18, 2014 - 5:10pm

Thedukes posted a commentary

Thedukes posted a commentary from Jim Sinclair on the death of an upper echelon Rockefeller executive.

Here is the article from Huffington post

The only comment Sinclair makes is the following: 

The 2nd Rockefeller will be dead in a week. The first at Westchester airport in an apparent small aircraft engine failure on takeoff.

Anybody else have a problem with such a terse commentary? For one, he is suggesting that he has some inside knowledge of a murder that hasn't happened. Unless, he meant to type "this is the 2nd Rockefellar dead in a week" But obviously McDonald is an employee of the Rockefellers and not a Rockefellar at least by name. 

2nd by virtue of his knowing something about the future, he is implying he knows something about what's going on behind the scenes. And I guess, the price of Sinclair's commentary, $0, grants you inside access to Zero of his thinking. Other than I know something and you don't. I really dislike that sort of stuff.

But since I'm nobody other than a fake superhero on a metals forum, I'll venture some speculation. Bankers falling off a building suggests inside information being found. Of course, the riddle of what kind of information remains a riddle other than speculation it has to do with algo's, high trading technology, and alot of the information that was shared by Edward Snowden. 

However, two prominent members of the elite Rockefellar group purports something much more ominous than just inside information. Factional infighting. The global financial and geopolitical playing board has a number of players and Rockefellars, Rothschilds, Morgans just a few of the more prominent players. There are players with interests in other area's and we find them in various scientific and religious area's. The Anglo-american corporate elite each have their own interests. Let's not forget the more global alliances also but also post WW2 Nazi criminal organizations. Rockefellars, oil ,banking, agribusiness and Rothschilds in partnership with the Morgans a reverse Rockefellar interest, banking and oil. 

There have been some high profile alliances that get reported in the MSM. Such as this one. Posted in financial Times. (you'll need to register to read it ),Authorised=false.html?

Let's not forget that Rockefeller/Rothschild-Morgan came together to form. JP Morgan Chase (former Chase Manhattan/Manufacturers Hannover) umbrella in recent years, to split up again later. On again, and off again partnerships.

And for the more conspiracy thinkers out there, some have said that 9/11 were part of the factions declaring war on another. ??? Even if you believe some version of the official story of crazy Jihadist, there was a money flow. 

So now we have the second Rockefellar related death. 1)a strange coincidence 2.) or pointing to something deeper under the surface of a war between factions while we see a rise in geopolitical violence. 3.) Whatever the hell Sinclair is thinking. And to pull a sinclair #2 might have some connection to Malaysia Air flight and the speculation that Rothchild patents were involved as we are talking about significant fighting over very advanced technologies.

And lets not forget in light of such geopolitical maneuvers appearing on the Grand Chessboard that Zbigniew Brzezinksi works for the Rockefellers who put him up to forming the Trilateral commission and funded the election of Jimmy Carter and Obama has a soft spot for Trilaterial commission members 

  • Tim Geithner, treasury secretary.
  • James Jones, national security adviser.
  • Paul Volker, chairman, Economic Recovery Committee.
  • Dennis Blair, director of National Intelligence.

So here's your choice #1 an accident (they do happen) #2 theme and variation of what I am suggesting. Does Sinclair still have an intelligence connection to the Rothschilds? Or did he close those channels? I'd rather think it out for myself than wait for Sinclair to talk in wheels. 

cliff 567
Jun 18, 2014 - 5:28pm

Does Sinclair stiil have intel source?

I remember being glued to a TV during and after 9-11-01.

I saw Bush the shrub asked if he had consulted his father, the shrub said that he consulted a higher (more powerful) father.

I also remembered that 'poppie' Bush was in his office at the Carlyle Group speaking with Kanahar 'bush' the Saudi kin of Bin Laden watching the towers attack live.

At the time I thought those two clips important until I heard that ALL US presidents are given the same intelligence briefing given the sitting president as long as they live or until they request a cessation. 

I am all into the conspiracy agenda.

The original Russel & company ran opium into China after England outlawed it for English flagged ships.

Enter their American cousins to the family biz..

There is volumes to be learned from tracing the bloodlines of the owners and investors of the Russell trading company.

The legal name of Skull& Bones is 'The Russell Trust'.

Those men alone funded Harvard Yale, Princeton, Georgetown, Mass general their off shoots the Rockefellers created the university of Chicago from whence all economist flow.

Follow the blood, when you find the source plug it.

Jun 18, 2014 - 7:00pm


Climate change isn't a myth. Governments are just using it to tax more.

I'm not going to get into a discussion with anyone about this - it's an emotive subject - but there's a law of Physics: the law of the Conservation of Energy - which states that energy can be neither created nor destroyed. It can only move from one form to another.

Stick your head out of the window. Hear that traffic? See everything around you - it's got there either by transportation which uses oil, or is manufactured using oil, or contains oil or it's by-products. Or all three. 

Since we've been digging up all that oil from a locked-in source under the ground we've been burning it constantly. Recalling the law of the conservation of energy, where does the energy released go? It doesn't get locked away back under the ground, does it?

Global warming is real - and it includes periods of extreme cold.

And for anyone who says, for example, that the energy released by a volcano erupting is far more than the amount of oil that is burned (energy that is released) in a certain time-frame, then it may be worth looking at the earth as a whole - as a single living being - because that's what it is. It self-regulates to keep a balance - for all life on earth to survive.

Only when life became self-conscious, through our human body, did this balance start to become unbalanced. Self consciousness means there is self, and self is separate from consciousness - it does not know the truth, is not conscious, it only thinks it is. And there's the problem, because in not being conscious self-consciousness has assumed it knows.

Consciousness cannot know, it is this moment, right now. Knowing implies past. There is no past now.

It is only through self-consciousness that the truth of consciousness, who I am, can be realised. Or to put it another way, I can only know what is true through what is false.

Ok, how does all that fit in with my comment that global warning is real, and man-made? Seems I've gone way-off on a tangent here eh?

The digging up and relentless burning of oil is a reflection of the track of self-consciousness - meaning unrealised consciousness - seeking immortality. It's a reflection of the fear of losing what I think I am - what I've gathered since I was born and am afraid to lose - so I hold onto what I think is mine and try to gather more and more.

The result is an out-of-control self that is rightly on track to the destruction of itself.

Global warming is real. It's the earth's natural response - which is a conscious, not knowing but inevitable - response to it's destruction by the self-conscious self of the race, us, that have grown out of it.

Jun 18, 2014 - 8:42pm


Or is Sinclair the Ken Fromm equivalent elite communicator for the gold community as Ken was to the oil community. The difference being that Ken used 3rd parties to get his message out while Sinclair directly publishes his own thoughts to the public.

Sinclair makes no bones about the fact that there is an elite group that does control and influence world events. He mentioned that during a question and answer session during one of his annual meetings a couple years ago. He also mentioned that the Sinclair and Seligman names were privy to the club for generations.

It also sparked my attention when Richards mentioned how a mysterious killing of an important individual could lead to a potential world changing event from a couple weeks ago and then today Sinclair comes out with a his private comment to the Huffington piece.

Just trying to connect the dots.

Spartacus Rex
Jun 18, 2014 - 9:13pm
Jun 18, 2014 - 9:44pm

Harvey's Up! (TFMR)

Harvey's Up!

  • Mark O'Byrne: Gold edged lower today as headline geopolitical risk out of Ukraine and Iraq abated somewhat. Oil prices remain near multi month highs on concerns of supply disruption. Iraq's largest oil refinery is under attack from Sunni militants today and may largely be controlled by insurgents, according to Reuters. U.S. inflation figures were worse than expected yesterday showing that inflation pressures are building which is bullish for gold. Higher oil prices and slowing economic growth is a recipe of stagflation - economic conditions that gold thrives on.
  • Harvey: Today, the FOMC released their statement on how the economy is performing and due to the fact that the economy is faltering, they have reduced their purchases of Mortgaged backed securities to 15 billion dollars worth of tapering from 20 billion/and will reduce bond purchases from 25 billion down to 20 billion. So instead of 45 billion of tapering the Fed will taper by 35 billion. This sent gold and silver higher in the access market. In other USA news, the current account deficit widened again this month and it is back to 2012 levels. This will send estimates of GDP lower. Argentina is now facing a crisis as it cannot pay bond holders of old bonds as well as paying 100% to the winning side of a lawsuit brought on by Bill Singer of Elliott Capital and Aurelius capital. Argentina wants to exchange the London based bonds into local Argentinian bonds so they can pay these bonds and not the hold-out bonds. However late today, a USA judged ruled that if they did this they would be in contempt of court.
  • GoldCore: China Gold is working on potential partnerships with both Barrick Gold Corp., Newmont Mining Corp. and Kinross Gold Corp its president said on Tuesday. If China’s largest gold producing company is successful, the alliance would bring one or both of the world’s largest western gold mining companies closer to China. It could mean an important new source of supply for the insatiable demand that is coming from China. Sanmenxia City, which is built on the west bank of the Yellow River, is known as “Gold City”, in recognition of the importance of the city and Henan Province to China’s gold industry. For 53 years the Chinese people were banned from owning gold. But that all changed in 2003, and now the enormous demand by 1.3 billion Chinese over the last ten years is causing an important paradigm shift, as gold and silver moves from the West to the East. Another factor in the paradigm shift is official Chinese demand from the People’s Bank of China (PBOC) who are diversifying some of their massive foreign exchange reserves, some $3 trillion, into the much smaller physical gold market. The ramifications of that paradigm shift have yet to be appreciated.
  • Chris Powell: Thanks to exchange rate calculations provided by market analyst Bron Suchecki of the Perth Mint, gold researcher and GATA consultant Koos Jansen has revised substantially upward his estimate, published yesterday, of the net amount of gold that came out of the Bank of England's gold vault for the year ending in February. They agree that the Bank of England's custodial gold total fell by 755 tonnes.
  • World Gold Council: The World Gold Council, the market development organisation for the gold industry, has today announced it is convening a gold industry discussion forum to explore reform of the London Gold Fix. The first meeting will be held on the 7th July in London. The Financial Conduct Authority will be attending as an observer and representatives of the bullion banks, refiners, ETF and other gold investment product sponsors, exchanges, industry bodies, central banks, and mining companies will be individually invited to participate, later on today. Our objective in convening this forum is to ensure that the full range of analysis and market perspectives from all parts of the gold supply chain are debated, understood, and brought to bear on any potential changes. Any reform or replacement of the Fix must serve the needs of all market participants and meet today's requirements for transparency, liquidity, and independent oversight."
  • Bill Holter on gold collateral: The recent "collateral" problem will surely spread to other markets as well, not just base metals. The one particular market where lack of inventory is important is gold. "We" have argued for years that it just wasn't there, it couldn't be. "It couldn't be" because more has been claimed than we knew existed. This is also the case for silver. Eric Sprott has argued that many "claimed" inventories cannot exist all at once as the total adds up to more than has been mined. We are headed toward a global "shooting war". WWIII in my opinion had already started and has been waged through the financial, technological and political markets.
  • Tyler Durden: Copper, Iron Ore, Rebar, Rubber, and now Cotton are all at multi-year lows as the Qingdao CCFD ponzi probe continues to broaden to all the commodities we warned about previously. As CottonCN reports, the probe's increased uncertainty and scrutiny of shipments may hurt imports of of cotton in the form of consignment sales, as international traders delay shipments or deliveries to wait for clear policies as authorities continues their investigation. Even soybeans and palm oil have been on a notably downswing since the probe into the collateral evaporation started. Then comes the news that Chinese commodities trading firm CITIC admission that over half of its 220,000 tonnes of alumina are missing. This is far from over.
  • Zero Hedge: Well that didn't take long. Home prices are not the only thing surging in Britain as Reuters reports British spot wholesale gas prices climbed over 7% after Ukraine and Russia failed to agree on the price of future gas deliveries. Britain gets around 5% of its gas from Russian sources and a mild winter and spring have prompted utilities to inject more gas into storage than usual. One analyst notes "as yet flows through Ukraine to Europe have not been disrupted but the market has become increasingly concerned that they will," and now, following the explosion in the largest gas transit pipeline in Europe, disruptions have begun.

All this and more on...

The Harvey Report! crying


Jun 18, 2014 - 9:50pm


We started the foundation for a new duplex that we will build and keep here in the NW. We usually buy our steel,vents, and straps from Fritz (Not his name). He is a man that knows how to work and has all of his life. He worked with his father in their business and then he acquired the company long ago until he retired. He had saved some big fiat as he headed into his great years of retirement. But he became very ill, in the hospital for months and his insurance would not cover the extras. The doctors removed one of his legs and now he has a shiny metal one. The doctors also remove his entire savings account. He had the money in saving and he did not qualify for any entitlements so he was busted and a lifetime of saving was gone.

I had a good talk with him today as he delivered our steel. It takes Fritz awhile to get out of his old dirty truck, and try to unload his products (we unloaded them) and head off for the next delivery. Fritz is 73 years young and not the picture of health. He has told me before that he cannot find anyone to buy his business nor find anyone who wants to work. He also rents out foundation panels, delivers them to the job sites and usually has to unload them.

This is the generation of workers that are passing onward and the new generation has not understood the effort that the Fritz's have paid.

Mr. Fix
Jun 18, 2014 - 10:49pm


A lot of people are going to miss Fritz.crying

Jun 18, 2014 - 10:55pm


Nicely put Sir.yes

lakemike49 Dagney Taggart
Jun 18, 2014 - 11:02pm


you are one of the most confusing that i follow, smart as a whip, and more , elusive than a firefly. you just quoted scripture. and in your next breath, you will show us how the economy is rigged, so i will say this whereas yesterday i believed in tomorrow, today i believe in me. sorry i don't make sense to my own self , let alone be able to say thank you , but thank you anyway, i come here to read truth, it's nice to see it once in awhile.

fog is thick your friend


Jun 18, 2014 - 11:40pm


The earth spontaneously generated consciousness, just to result in that consciousness killing it?

Sounds like a cycle. Can I leverage this?

Spartacus Rex
Jun 19, 2014 - 12:25am

@ Occasnltrvlr -Too Funny!

Tyrannosaurus Rex also spotted the "cycle", tried to leverage it, and look where that got 'em!


Cheers & Semper Fi, S. Rex

Safety Dan
Jun 19, 2014 - 12:26am

@ Dagney

I've found I don't know who to trust in todays misinformation deluge. As GL suggested I listen to those key people and then evaluate over time. 

This is a recent Rickards talk & questions for audience of World Bank on the future of money. Give a listen starting at 12:00 on turning their backs on the dollar. I listened to that 5 min 4 times until I understood why they created the scenario in the financial war games. Notice the use of gold in the war games.​

50 min how gold is used to back system and weighed against currency. Gold is the chips in the international economic poker game

53 min discusses 3 past collapses and "near misses". He mentions that Yellen is going to be worse than Bernanke.

1 hour Solutions given. 

1:08 Hedging; China has a 3T problem.

“Again, let’s give the Russians credit – chess is their national sport – and I think Putin has thought this through. One of my concerns is that the White House has not thought it through. There’s a lot of bold talk coming from Capitol Hill and certainly a desire to impose costs on the Russians…Since when do you take territory for free? You know, there’s always costs. It costs money to build an aircraft carrier, it costs money to build a jet plane, and it costs money to wage financial warfare. Of course there are costs – that’s not going to deter someone. Putin is not a wealth maximizer, he’s a power maximizer.”

Regarding SDR's, mentioned at 48 min above, which I don't care for either.. Give this a read Banking on the Government

Excerpt- "Our results also suggest that each additional percentage point in the share of the banking system’s assets owned by the government is associated with public debt being higher by 0.2–0.3 percent of GDP, and a larger overall deficit of the public sector by 0.15 percent of GDP.

There is also evidence of crowding out of financing to the private sector. An increase in the share of assets of banks owned by the government of one percentage point is associated with a decrease in the share of credit to the private sector (relative to the share devoted to the public sector) of slightly more than 0.5 of a percentage point.

Close monitoring of lending practices essential

Policymakers aiming to attain fiscal consolidation should seek to improve the governance environment in which public sector entities and state-owned banks operate. From a policymaking perspective, these results suggest putting in place objective conditions that promote fiscal discipline. Beyond looking at revenue and expenditure aspects, financing sources need to be carefully assessed, especially if they become captive sources for public entities. Thus, close monitoring and control of the lending practices of commercial banks owned by the government is critical to maintain fiscal discipline." -end

I understand this to mean we are moving towards a one world currency over time. That its already planned and steps are being taken to get us to that end. One world currency controlled by the government. 

Have you read anything about the 'revised' Chicago Plan? See this link and page 55 Conclusion: 

"Our analytical and simulation results fully validate Fisher’s (1936) claims. The Chicago Plan could significantly reduce business cycle volatility caused by rapid changes in banks’ attitudes towards credit risk, it would eliminate bank runs, and it would lead to an instantaneous and large reduction in the levels of both government and private debt. It would accomplish the latter by making government-issued money, which represents equity in the commonwealth rather than debt, the central liquid asset of the economy, while banks concentrate on their strength, the extension of credit to investment projects that require monitoring and risk management expertise. We find that the advantages of the Chicago Plan go even beyond those claimed by Fisher. One additional advantage is large steady state output gains due to the removal or reduction of multiple distortions, including interest rate risk spreads, distortionary taxes, and costly monitoring of macroeconomically unnecessary credit risks. Another advantage is the ability to drive steady state inflation to zero in an environment where liquidity traps do not exist, and where monetarism becomes feasible and desirable because the government does in fact control broad monetary aggregates. This ability to generate and live with zero steady state inflation is an important result, because it answers the somewhat confused claim of opponents of an exclusive government monopoly on money issuance, namely that such a monetary system would be highly inflationary. There is nothing in our theoretical framework to support this claim. And as discussed in Section II, there is very little in the monetary history of ancient societies and Western nations to support it either."

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Key Economic Events Week of 1/21

1/22 10:00 ET Existing Home Sales
1/24 9:45 ET Markit Manu and Svc PMI
1/24 10:00 ET Leading Econ Indicators
1/25 8:30 ET Durable Goods
1/25 10:00 ET New Home Sales

Key Economic Events Week of 1/14

1/15 8:30 am ET Producer Price Index
1/15 8:30 am ET Empire State Mfg. Index
1/16 8:30 am ET Retail Sales
1/16 8:30 am ET Import Price Index
1/17 8:30 am ET Housing Starts
1/17 8:30 am ET Philly Fed
1/18 9:15 am ET Capacity Utilization and Ind. Prod.

Key Economic Events Week of 1/7

1/7 10:00 ET ISM Services Index
1/7 10:00 ET Factory Orders
1/9 2:00 ET December FOMC minutes 
1/10 Speeches from CGP, Goons Bullard and Evans
1/11 8:30 ET CPI

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