This Week's JB with SFC


John and Steve had another interesting discussion on Tuesday. With the lack of debate in "the West" regarding the crisis in Ukraine, I urge you to give this a listen.

Another terrific 38 minutes. Again, the John Batchelor Show can be found here:

And more info on his guest, Professor Stephen F. Cohen can be found here:

A typical mainstream media hit piece on Professor Cohen can be found here:




Jul 30, 2014 - 2:38am

Look its so simple.

Look its so simple. Rothshilds via China and own private gold reserves potentially in Hong Kong under Chinese protection hold USD( Rocks ) in a thread. They showed it in 2011 by moving gold price up to 1900. That was enough for ROCKS to understand they can not really fight this game, they have to agree to share reserve currency as opposed to trying to suppress competition.

To launch Yuan as reserve currency and fasts, China needs markets within their monetary reserve curency printing which are relatively unburdened with loans, have good collateral ( resources/technology) and can not competitively opt for other (USD, EUR) finance. Which means Russia first hand, plus perhaps Central Asia and some Souht East Asia later.

The critical job- under the threat of USD value collapse vs. gold under the agreement ITS USA (ROCKS) job to provide these borrowers for Roth coming second monetary Empire ( China).

And that is EXACTLY what the USA is doing. Fighting and FINANCIAL sanctions send both capital ( Russians are moving it out of Europe USA) and debtors in need ( Russian enterprises) to into CHINAS CLAWS at rocket speed.

China does not have to do much at this stage. The work is on the USA to reduce its own sphere of influence. Europe can not object due to military weakness and USA control over it.

Gaza: Israeli (Roths) shelling leads to Anti- Semitism in Europe. Jews as well will start to move assets out of Europe if things gets ( i think they will) dire. USG is not supporting ISRAEL fully. So assets may start leaving USA as well. Where to? Asia.

So these are coordinated moves to both move capital to Roth control in Asia and create debtors with good collateral for coming Eastern Money Supply Empire. Roths are back, USA delivers the influence spheres, USD stays in one piece. Obama at helm, 2 more years of time as no one knows after such performance what the next elections may bring, but for sure USG needs to prepare for mass protests. China waits to get the promised delivery of Russia and capital.


There is not much for gold IF USA plays as agreed and Roths does not have to pull the strings again. In principle, the price of gold shall by 60-70% represent Roth satisfaction with USA performance to develop second monetary Empire , reducing its own. COOL. If USA works as planned, I do not see gol,d above 1500-1600 in most critical moments of this story when USD may get weaker prior to stabilization at some parity with Yuan. Roths task is to see to that by selling gold USD does not collapse so that USA (Rocks) can control USA and Europe population.

Spartacus Rex
Jul 30, 2014 - 3:40am


And that w/ 5 FRNs gets a cup of coffee @ Peets

Bongo Jim
Jul 30, 2014 - 3:43am


Jul 30, 2014 - 4:18am

Furth of Firfth The Blue

Furth of Firfth

The Blue Street Journal

Spartacus Rex
Jul 30, 2014 - 4:22am

@ Hammer...

re stupid people

"The trouble ain't that there is too many fools, but that the lightning ain't distributed right."

Mark Twain

Cheers, S. Rex

Jul 30, 2014 - 4:29am

Oh god, you are not going to

Oh god, you are not going to make me bring out that Einstein quotation are you ?

Spartacus Rex
Jul 30, 2014 - 4:35am
Jul 30, 2014 - 4:42am

Yep. That and I'll, throw in

Yep. That and I'll, throw in another couple from the big man just for fun :)

"The hardest thing in the world to understand is the income tax."

"Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves."

Jul 30, 2014 - 4:45am

You just can't make this shit

You just can't make this shit up

Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports.

A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.

Jul 30, 2014 - 5:41am

Sitting comfortably knowing I don't know Jack Shit.

And neither do you.

If you think you know something about what is going on in the world, you have to ask yourself what do you really know?

Have you been there? Verified anything you've read or seen on T.V. or the internet? What do you know?

Well of course you know children are being slaughtered over here and over there....but do you know why?? I mean really why.... not just propaganda why.

Do you know why things are just not playing out the way you were so sure they would? I don't.

All you need to know is that you don't know anything. Deal with it.

If you think you're clued're not. You just feel good thinking that you're clued in.

So sit back and suck on the fact that you don't know JACK SHIT!!!

Jul 30, 2014 - 11:01am

Who shat n your cornflakes ?

Who shat n your cornflakes ? Why don't you tell us eh ? Might be more useful than what you just posted....

And for the record this crap has been going on for thousands of years.........try peace ? Just a thought.
Jul 30, 2014 - 11:01am
Jul 30, 2014 - 11:08am

The only true wisdom... in knowing you know nothing. - Socrates

Everything you see on your screens today was put there for a purpose - not to inform, but to influence.

If you merely wish to be directed, as a rat through a maze - then enjoy your cheese.

If not, then don't accept what they're feeding you.

Jul 30, 2014 - 11:18am

Therefore, by logico one

  • Therefore, by logic one should not listen to anything including Socrates...
  • or me or you ....etc etc

If you are gonna go the whole hog, then go the whole hog

P.S. Welcome to Buddhism ;)

Jul 30, 2014 - 11:32am


Going whole hog!

Video unavailable
boomer sooner
Jul 30, 2014 - 11:57am

Ivars, you stated above that

Ivars, you stated above that the Juan will become par to the Dollar and gold will still be @$1500. Now that would be interesting to see, because the Chinese could purchase 6x the amount of Gold with the same amount of Juan. Interesting you see this, because I cannot (ya I know rose colored glasses). This scenario would clean out western gold, silver, copper and any other valuable commodity. If your scenario plays out, how much spill over to the BRICS, particularly India? I could not imagine precious metal demand if Indians could purchase at 1/6 the cost.

ivars boomer sooner
Jul 30, 2014 - 12:25pm

@boomer sooner-not at par

Ivars, you stated above that the Juan will become par to the Dollar

Not par, my god. I said fixed exchange rate between two reserve currencies, but not at par. Probably not far from where they are now; why should that ratio be changed much?

boomer sooner
Jul 30, 2014 - 12:48pm

Ivars, sorry

I assumed when you said parity with the dollar, meant par.

Jul 30, 2014 - 1:15pm

Interesting hit piece

My favourite bit: "Cohen entirely omits these inconvenient facts, conceding only that the rebels are “aggressive, organized and well armed—no doubt with some Russian assistance.” So.... Cohen acknowledges what the author says he doesn't acknowledge then? Its just the lack of hyperbole that bothers the author? Look, this Cohen guy sounds like a closet communist to me to be honest, but he is pretty damned balanced in his assessment as far as I'm concerned. It's amazing to me how Americans can think its OK to interfere in the affairs of a nation halfway around the world but outrageous for another empire to interfere with that same country, but in its own back yard. For me its the moral high-ground we give to Putin every goddamned day that is at issue here. I keep hoping he's not the monster he's made out to be by the western press because if he is, we are in the process of handing him Europe in a failed gambit that would bring us next to nothing even if it succeeded.

ivars boomer sooner
Jul 30, 2014 - 1:29pm
ancientmoney ivars
Jul 30, 2014 - 2:09pm

Ivars re: Look its so simple . . .

"And that is EXACTLY what the USA is doing. Fighting and FINANCIAL sanctions send both capital ( Russians are moving it out of Europe USA) and debtors in need ( Russian enterprises) to into CHINAS CLAWS at rocket speed. "


"Roths task is to see to that by selling gold USD does not collapse so that USA (Rocks) can control USA and Europe population. "


This sort of makes sense to a point, but driving Russia to China (away from Europe) does not equate to US controlling Europe. How do you figure?

It seems Europe needs Russian energy supply. The U.S. cannot deliver what is needed. Germany, for example, seems to be aligning more and more with Russia since their industry needs steady supply of fuels.

Russia could indeed sell their energy to China, et al, but Europe would then be left out in the cold (pun intended). It is hard to "control" people who will burn anything to keep their family warm.

Jul 30, 2014 - 2:40pm


This sort of makes sense to a point, but driving Russia to China (away from Europe) does not equate to US controlling Europe. How do you figure?

It seems Europe needs Russian energy supply. The U.S. cannot deliver what is needed. Germany, for example, seems to be aligning more and more with Russia since their industry needs steady supply of fuels.

Russia can not cut exports to Europe either and will not; that is where money comes in to keep Russian population at bay and oligarchs military security happy. although monetary realignment towards China might be faster, energy exports can only be replaced once new pipelines are built. Chinese are not going to give money to Russia without resource collateral. To develop that, time is needed. First pipeline to China become operational 2018 (if everything goes smoothly) - until then there is no replacement for exports to Europe for Russia; and even that first pipeline to China will be about 1/3-1/4th of gas exports to Europe, if I remember correctly.

So Europe will get Russian gas for 10 years minimum; they have to increase energy efficiency;Europe as opposed to the USA is very serious about reducing energy spent per GDP unit; and successful ( see Denmark energy/GDP ratio).

USA wants to keep Europe out of monetary game as future as well.. keeping USD and EUR stable will keep people within limits; no inflation ( not high) and that is where I see Germans trying to fight against rebuilding relations with Russia again and its a drawn out process. Right now USA caught Europe by surprise ( F..the EU); but with time, Germany will build new ways around USA..It has clearly understood its game and that longest standing cooperation has been sacrificed in the name of USD... by Rocks... with time as it requires military buildup of German or North European or pan-European ( unlikely) forces .

Jul 30, 2014 - 3:05pm

Gaza attacks (Roths)

Gaza attacks (Roths) performing its task to raise anti Jewish sentiment in Europe and help move Jewish capital-and people- to Asia:

If things go as planned, the conflict in Palestine, may be with interruptions, shall be increasing just enough to stoke these anti Jewish sentiments in Europe and perhaps even the USA.

And notice, German young population might be shrugging of its paralyzing feeling of guilt over the WWII. Rightly or wrongly but that definitely may help Germans to turn to their old ways of effective military and patriotic buildup in short time. They have done it roughly every 40 years, with last 70 being exceptionally long time of pause.

Jul 30, 2014 - 4:09pm

ANNEXED the Crimea?

It is curious that Steve Cohen ALSO states that Russia annexed the Crimea when annexation by definition means that the people living in the territory were opposed to become part of another. Since there was a clear vote FOR joining Russia by the population living in the Crimea, Russia did not annex the Crimea. This is the first point that should be cleared up in discussion.....And has not been.



Jul 30, 2014 - 6:09pm

The country formerly known as Ukraine

A lot of energy was spent the last few days in Ukraine...look for an update in the forum on Friday. Need a day or two to verify some rumors.

Specifically, Ukraine may have fired 4 short-range ballistic missiles at NAF and said missiles may have been shot down on initial trajectory from the Russian Federation. Interesting...IF true.

Positions haven't changed much. But available energy to do anything more, may be exhausted.

More on Friday

Jul 30, 2014 - 7:22pm


Your English is better than 75% who live in the US/

Jul 30, 2014 - 8:22pm

What is democracy

Metallica - One
Jul 30, 2014 - 9:21pm

ThisRemember, democracy


"Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself."
John Adams

Jul 30, 2014 - 10:13pm

Good to have Jim back. he

Good to have Jim back. He breaks down yesterday's US figures very well. Excellent video. Must watch if only for the breakdown in the first 5 mins.

Video unavailable
Jul 30, 2014 - 11:12pm

Harvey's Up! (TFMR)

Harvey's Up!

  • Mark O'Byrne: "Gold Could Go To Infinity" - Ron Paul. Gold is testing support at the 100 day simple moving average at $1,299 currently and below that there is support at the 50 and 200 daily moving averages at $1,294/oz and $1,285/oz respectively. Premiums for gold bars in India have fallen again due to lacklustre demand in India. Premiums in top buyer China were steady at about $2 to $3 an ounce. Middle Eastern demand may have picked up due to geopolitical risk and the festival of Eid is seeing another mini gold rush for jewellery in the Middle East as lower prices attracts buying. Geopolitical risk remains very high but has not been reflected in precious metal prices as of yet. The Middle East remains a powder keg as increasingly are relations between the U.S., the EU and Russia. Hamas ruled out a truce in the Gaza Strip until Israel lifts its blockade and bombing of the Palestinian territory, as the Israeli military’s bombing of Gaza intensified.
  • Harvey: It now looks like Portugal's second largest bank BES may seek the bankruptcy route. It suspended its shareholder meeting until today admitting huge irregularities with a huge loss of 3.5 billion euros. Argentina defaulted tonight.
  • Ron Paul: Dr Ron Paul, the popular Presidential candidate and America and the world's most popular libertarian voice, told CNBC yesterday that he “still believes in gold” and that “gold could go to infinity.” You can't say that the money supply went up a certain amount, and gold is going to go up, so there's a subjective element in that...But long term...and economic law says, if you keep printing a lot of paper money, the value of that dollar and currency will go down, and things and most prices will go up and indeed gold always goes up against that currency...But...I don't get in the business of saying in a year or two or three it's going to be two or three or four thousand dollars because it really challenges the basic fundamental beliefs of the Austrian school, to make these kinds of predictions.” In another interview with CNBC, Dr Paul reaffirmed his view that the nation's monetary and fiscal policies would result in massive inflation. He warned of a stock market crash and of the risk that currency debasement will lead to the continuing devaluation of the dollar. Ron Paul has long said America should "end the Fed," and he made that case once again on Tuesday.
  • Chris Powell: Comex gold market data is likely corrupted to facilitate the paper gold market's domination of the physical gold market, Sprott Asset Management CEO Eric Sprott remarks in his latest interview with Sprott Money News. Sprott praises GATA's work exposing gold market manipulation, cites GATA consultant Dimitri Speck's book "The Gold Cartel," and says he sees no need for a daily silver price-fixing mechanism.
  • Bill Holter: Why would the relatively small gold and incredibly small silver markets matter if they were manipulated? First, in my opinion these two markets are by far and away THE two most important markets to world finance. I say this because even if Americans have been brainwashed into thinking that they are not important and not "money", foreigners disagree and the reality is that gold is money as is silver by it's "blood kin" relation. You see, gold is a thermometer. If it is rising, or better yet, if it is "high" and rising it would signal that something is wrong. When I use the terms "high" or "rising" I am talking about versus an individual currency. A rising price versus a single currency would mean that something is wrong within that country and the currency is devaluing. In the case of the U.S., the dollar is the world's reserve currency and the entire global financial and banking systems rely on it. If the public finds out that gold and silver are "rigged", or worse, ALL markets are rigged...what will they do?
  • Bill Holter on gold manipulation: Do you see what I am getting at here? I am telling you that the argument of whether or not gold and silver prices are suppressed is at the core of it all. It is the core reason to make purchases because if you know there is manipulation then you know that the free market price is higher. It is also at the core of international finance because the dollar is the cornerstone or foundation of "everything paper". "Everything paper" by the way includes EVERYTHING you have planned for and saved "in". Banks, insurance, stocks, bonds, your house, your retirement and anything else you can think of ...except precious metals because they themselves are the benchmark. Going one step further, if gold prices are lower than what a free market would discover...this means that the dollar is artificially higher than it would be in a free market. In other words, the dollar is overpriced. I've written this piece because I believe it is so important for you to understand how important free markets are. If they are not free and are in fact manipulated, it means that your entire financial life is a lie. It means that what you "have" or think that you have today can change overnight should the "rig" fail which it has many times before in many different currencies, most famous being the dollar in 1971. This time around it will be all currencies, everywhere on the planet!
  • Zero Hedge: Argentina has until today to settle with holdout creditors or face a default on restructured debt. The WSJ writes that Argentina, however, could continue to claim that it isn’t in default. Argentine officials contend they have met their obligations by transferring money to the trustee for an interest payment that was due June 30 on some of the bonds it issued in past restructurings. Due to the 2012 ruling, the bank cannot disburse the money to investors without risking being held in contempt of court (WSJ). The debt payment is due at midnight US ET today.
  • Tyler Durden: Despite the denials, Israel's Channel 1 refused to retract the leaked statement. Worse, it revealed the source of the leak as a "senior American official." Despite rejections by American and Israeli officials, Channel 1?s Or Nahari insists that the transcript leaked to him by a “senior American official” is authentic, but acknowledges that the quotes he published were merely an excerpt from a long conversation. All of which leads to three quite disturbing, for Obama, possibilities: With Russia clearly ignoring US "superpower" status and openly defying not only the US, but Europe, and hence NATO, Obama now has another foreign relations disaster on his hands, where a former close ally of the US is now openly refusing to bow down to US demands.
  • Zero Hedge: Find the silver lining in this utter disaster in Japan... and remember, it's not moar of the same QQE as the BoJ is starting to hit its inflation mandate, misery indices are soaring, and approval ratings tumbling. Japanese Industrial Production in June fell 3.3% (almost triple the expected 1.2% drop) and the biggest plunge since March 2011 (the tsunami). This is the 10th miss in the last 12 months.
  • Tyler Durden: "It's a troubling continuation/expansion of trade as a geopolitical tool," warns one Washington-based consulting firm as Russia prepares to unleash retaliatory actions to US and European sanctions. As Bloomberg reports, Russia said yesterday it may ban imports of chicken from the U.S. and fruit from Europe and is investigating McDonald's cheese for safety. In addition, a Russian lawmaker has drafted legislation that might result in U.S. accounting firms being barred from doing business in his country. All of this is odd given Jack "trust me" Lew's reassurance that Russian sanctions would have no impact on the US economy. Russia's response, US will feel 'tangible losses' from 'destructive, myopic' sanctions.
  • James Turk: The war on gold and silver continues. Perhaps the next battle will be fought next week when options expire. And maybe the central planners will win another battle, but what is clear is that the central planners are losing the war. Maybe last week’s quick mini-crash is telling us something important. With both gold and silver - as well as the mining stocks - being so undervalued, the central planners can’t keep downward pressure on the precious metals for days or even weeks like they used to. In other words, maybe last week was a historic turning point, and that now one-day mini crashes - instead of long, drawn out corrections - will become the norm.
  • Harvey: Then late tonight, BES releases its results and shows an absolutely astonishing loss of 3.57 billion Euros (5 billion USA). The regulators ban short selling on BES. This looks to me systemic. Their "repo" able assets plummeted by 3 billion Euros and they had a huge run on their banking system and a drop in banking income prior to expenses equal to 73.1%. Trouble in Euroland tomorrow, Ladies and Gentlemen.

All this and MOAR smiley on...

The Harvey Report!


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Key Economic Events Week of 2/11

2/12 12:45 ET GCP speaks
2/13 8:30 ET CPI and three Goon speeches
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2/15 9:15 ET Cap. Util. & Ind. Prod.

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2/5 8:30 ET Trade Balance
2/5 9:45 ET Service PMIs
2/5 9:00 pm ET Trump SOTU
2/6 8:30 ET Productivity and Unit Labor Costs
2/6 7:00 pm ET CGP speech
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Key Economic Events Week of 1/28

1/29 10:00 ET Consumer Confidence
1/30 8:30 ET Q4 GDP first guess
1/30 2:00 ET FOMC fedlines
1/30 2:30 ET CGP presser
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