This Week's JB with SFC


There was another great discussion last night between Professor Cohen and John Batchelor. Just because the Ukraine Crisis is not currently the lead global story does NOT mean it has gone away. And with the onset of winter, you'd better still be paying attention to this situation.

Last night, John and Steve discuss, among other items:

  • the upcoming parliamentary elections in Western Ukraine
  • the growing resentment in Europe toward the United States
  • the flow of Russian natural gas into Western Europe
  • American surveillance, German intelligence and the shootdown of MH17
  • the "war crimes" committed by the Kiev militias
  • the burgeoning crisis in Swedish waters where a Russian sub might have sunk

There's also mention of articles by Anna Nemtsova, you can find them here:

More information on Professor Cohen can be found here:

And the John Batchelor Show can be heard nightly on American radio. His website is here:



Oct 22, 2014 - 10:23am



Oct 22, 2014 - 10:24am


Funny how the main stream media has placed Ukraine on the back burner. Seems when the .gov needs the news they gladly ramp it up!

btw- where is the the black box cock pit recordings?

Oct 22, 2014 - 10:57am

GOFO more positive

TPTB seem to have full control how GOFO prints. Not much to see except massive manipulation. The bankers pretty much have their way. (Until they don't!)

Silver seems to be smashed, monthly, to affect the COMEX expiration contracts.

Oct 22, 2014 - 11:10am

Orlov's Ukraine update, and more...

Pretty much avers everything we discuss here at TFMR:

"You'd think that Obama has already overplayed his hand, and should behave accordingly. His popularity at home is roughly the inverse of Putin's, which is to say, Obama is still more popular than Ebola, but not by much. He can't get anything at all done, no matter how pointless or futile, and his efforts to date, at home and abroad, have been pretty much a disaster. So what does this social worker turned national mascot decide to do? Well, the way the Russians see it, he has decided to declare war on Russia! In case you missed it, look up his speech before the UN General Assembly. It's up on the White House web site. He placed Russia directly between Ebola and ISIS among the three topmost threats facing the world. Through Russian eyes his speech reads as a declaration of war."

"But why has war been declared now, and why was it declared by this social worker turned national misleader? Some keen observers mentioned his slogan “the audacity of hope,” and ventured to guess that this sort of “audaciousness” (which in Russian sounds a lot like “folly”) might be a key part of his character which makes him want to be the leader of the universe, like Napoleon or Hitler. Others looked up the campaign gibberish from his first presidential election (which got silly young Americans so fired up) and discovered that he had nice things to say about various cold warriors. Do you think Obama might perhaps be a scholar of history and a shrewd geopolitician in his own right? (That question usually gets a laugh, because most people know that he is just a chucklehead and repeats whatever his advisers tell him to say.) Hugo Chavez once called him “a hostage in the White House,” and he wasn't too far off. So, why are his advisers so eager to go to war with Russia, right now, this year?

Is it because the US is collapsing more rapidly than most people can imagine? This line of reasoning goes like this: the American scheme of world domination through military aggression and unlimited money-printing is failing before our eyes. The public has no interest in any more “boots on the ground,” bombing campaigns do nothing to reign in militants that Americans themselves helped organize and equip, dollar hegemony is slipping away with each passing day, and the Federal Reserve is fresh out of magic bullets and faces a choice between crashing the stock market and crashing the bond market. In order to stop, or at least forestall this downward slide into financial/economic/political oblivion, the US must move quickly to undermine every competing economy in the world through whatever means it has left at its disposal, be it a bombing campaign, a revolution or a pandemic (although this last one can be a bit hard to keep under control). Russia is an obvious target, because it is the only country in the world that has had the gumption to actually show international leadership in confronting the US and wrestling it down; therefore, Russia must be punished first, to keep the others in line."

(This was posted on previous thread, but seems to fit better on this one)

Oct 22, 2014 - 11:12am
Chen Homberge
Oct 22, 2014 - 11:19am
Chen Homberge
Oct 22, 2014 - 11:19am
sierra skier
Oct 22, 2014 - 11:23am

Ah yes, Nothing Like A Fresh Update

From John and Steve.

The MSM doesn't want us to focus on any one crisis for long. If we do we may begin to see through their curtain and realize the lies and diversion.

Oct 22, 2014 - 11:28am

re:Canadian terrorism

Footage from Globe reporter captures exchange of gun fire in Parliament Hill building

OTTAWA SHOOTING: Inside Parliament building
Oct 22, 2014 - 11:30am

The Globe and Mail

The Globe and Mail retweeted

· 4m 4 minutes ago

Police source has told a Globe colleague of mine that a second shooter has been shot

Oct 22, 2014 - 11:59am

SLV and comex numbers . . .

According to Harvey Organ's latest report, SLV contains 343,000,000 ounces of pure silver 1000 ounce bars. Doing the math, that is 343,000 1000 ounce bars.

Doing more math, 343 million ounces equals about 10,720 tons of silver. A semi-trailer can carry about 40 tons, so SLV contains 268 semi-loads of silver.

Similarly, Organ said last night that comex has 179,000,000 ounces of silver laying around their warehouses. That is 179,000 1000 ounce bars.

Put another way, that 179 million ounces equals 5,600 tons of silver, or another 140 semi-loads of silver.

Wow, think of a line of 408 semi-trucks, all fully loaded with silver. That, my friends, is a line of semis over 5 miles long!

Depending on who's numbers you want to believe, annual worldwide silver production is about 900,000,000 ounces. So, well over half a year's production is sitting around comex and SLV warehouses.

Maybe I'll invest in silver warehousing.smiley

So, who believes there really are some 522,000 1000 ounce silver bars laying around for years, collecting dust?

Oct 22, 2014 - 11:59am

Hmmmm ISIS ?

2m2 minutes ago

Barry Willis, construction worker on Hill: "I saw this guy, he had a head wrap, he came whipping through the gates, and he had a shot gun."

· 7m 7 minutes ago

Police in pursuit of multiple shooters in Ottawa; PM safe; downtown buildings in lockdown

sierra skier
Oct 22, 2014 - 12:02pm

WOW, that makes my stash look

WOW, that makes my stash look tiny.

Now, what about the multiple shootings in Ottawa? The National War Memorial had one and new their Parliament Building is being evacuated.

Oct 22, 2014 - 12:13pm

A story from 2024 (Rickards)

"Some lucky ones had purchased gold in 2014 and sold it when it reached $40,000 per ounce in 2019. By then, inflation was out of control and the power elites knew that all confidence in paper currencies had been lost. The only way to re-establish control of money was to confiscate gold. But those who sold near the top were able to purchase land or art, which the authorities did not confiscate.

Those who never owned gold in the first place saw their savings, retirement incomes, pensions and insurance policies turn to dust once the hyperinflation began. Now it seems so obvious. The only way to preserve wealth through the Panic of 2018 was to have gold, land and fine art. But investors not only needed to have the foresight to buy it… they also had to be nimble enough to sell the gold before the confiscation in 2020, and then buy more land and art and hang onto it. For that reason, many lost everything."

Oct 22, 2014 - 12:21pm

Ted Butler on SLV, AGE sales . . .

"There were additional withdrawals from the big silver ETF, SLV, this [past] week and again the withdrawals seem counterintuitive when held up against [the] price action (mostly flat) and trading volume (mostly subdued). From the recent top of 350 million oz, some 6.5 million oz of silver have been delisted from the SLV, as shares outstanding has dropped accordingly. I can’t prove it, but my strong sense is that a big buyer might be converting shares of SLV to direct physical metal ownership so as to avoid reporting more than a 5% stake to the SEC. My strong sense results from me wanting to do exactly the same thing were I so fortunate to be able to do so financially. Try to imagine having the money to buy as much silver as you could. Next, imagine how you would actually go about it and didn’t want to openly disclose the purchase while it was being made. If you can imagine a better way than by what I am speculating might be occurring in SLV presently, please drop me a line.

I confess to maybe hearing and seeing things that might not exist, particularly when so many unusual things appear to be present in silver, but the sales reporting pattern for Silver Eagles from the U.S. Mint still suggests a big buyer is present. Sales for the month are impressive, but more notable is the uneven pattern of daily sales; some days 50,000 coins are reported sold, or none at all---and on other days, more than 500,000. If broad public retail demand was behind the recent surge in Silver Eagles, that would manifest itself with steady day-to-day reported sales. Since that is not the pattern at all, the most plausible explanation would be a single big buyer picking the time and price for purchase. Regardless, it should still be close to a record year for sales of Silver Eagles. -Silver analyst Ted Butler: 18 October 2014

sierra skier
Oct 22, 2014 - 12:44pm

AM @ 9:13 AM

That was a fun read, Thanks.

Oct 22, 2014 - 12:52pm

Ukraine Poised for Offensive

I know there's a lot going on today, but there's been some more info indicating Ukraine is poised to make a very quick, decisive strike on Novorussia.

All the big sources that I watch have indicated a major massing of Ukrainian troops and armor in three, main strike groups. Two are around Donetsk (one west and the other north) while the 3rd is centered around Debaltsyevye (between Donetsk and Lugansk cities). The numbers for these have been estimated around 10,000 troops and 300-400 vehicles in each strike group. My father-in-law also saw the strike group to the west of Donetsk when he traveled to see his mother a week ago. He said that it was "staggering" how much stuff was massed in one place.

Then today, Igor Strelkov (former militia commander who was forced to return to Russia or face the cut-off of supplies to Novorussian forces) spoke out and also confirmed the presence of the strike groups. His analysis is that the positioning indicates Ukraine wants to make a rapid assault on Donetsk to secure all or part of it. Simultaneously, Ukraine will strike south between Lugansk and Donetsk to the Russian border--cutting off supply routes and communication. Ukraine will then declare a unilateral cease fire and negotiate terms from a position of strength.

Saker has also commented on these things today and rightfully concluded that the fact Russia has opened up the "Voentorg" arms supply chain indicates Russia is fully-aware (and concerned) by what they are seeing out of the Ukrainian troop positioning. He also rightfully concludes that it's serious enough for Russia to risk ongoing/increased sanctions in order to supply and prepare the Novorussian militia from what they analyze is an impending attack on Novorussia.

So, while news is dominated by Ebola, Ottawa and everything else, know that all signs point to the Ukraine war going live again. And the stakes are high as winter is approaching and US-backed Kiev needs SOMETHING to change the slow death spiral that the bankrupt Ukraine is currently on.

Oct 22, 2014 - 1:25pm

OSCE extends its mission’s mandate on Russia-Ukraine border

Monitors from the Organization for Security and Cooperation in Europe will stay at the Russian border checkpoints Donetsk and Gukovo for one more month

© ITAR-TASS/Konstantin Sazonchik

© AP Photo/Dmitry Lovetsky

VIENNA, October 22 /TASS/. The Permanent Council of the Organization for Security and Cooperation in Europe (OSCE) has extended its mission’s mandate on the Russia-Ukraine border for a month at a special meeting on Wednesday. The mission will preserve all its functions in full measure. OSCE monitors will stay at the Russian border checkpoints Donetsk and Gukovo.

On September 5, the Contact Group for Ukraine that gathered in Minsk signed a 12-point protocol on the peace settlement in south-east Ukraine. The two key points included agreements on ceasefire and exchange of prisoners. On September 20, members of the Contact Group met in Minsk for the second time to sign a memorandum on implementing the ceasefire regime. The document consists of 9 points, including a ban on the use of all types of weapons and the withdrawal by the sides in conflict of all weapons of destruction with a caliber exceeding 100mm to 15 kilometers from the contact line.

The OSCE was vested with the task of monitoring the memorandum’s implementation.

Oct 22, 2014 - 1:27pm

Kyrgyzstan wants to join Customs Union, Eurasian Economic Union

Kyrgyzstan intends to join the Customs Union and the Eurasian Economic Union on January 1, 2015

© TASS/Sergei Bobylev

Russian President Vladimir Putin © EPA/RADEK PIETRUSZKA

BISHKEK, October 21. /TASS/. Kyrgyzstan’s authorities have announced the country intends to join the Customs Union and the Eurasian Economic Union on January 1, 2015, the speaker of the Russian parliament’s upper house Federation Council, Valentina Matviyenko, said after a meeting with Kyrgyz President Almazbek Atambayev and Prime Minister Dzhoomart Otorbayev.

“Kyrgyzstan states that they want to join the Customs Union and the Eurasian Economic Union from January 1, 2015,” she said.

Kyrgyz Prime Minister Dzhoomart Otorbayev said Kyrgyzstan is doing everything to become a member of the Eurasian Economic Union this year.

“Russia remains the main economic partner for us in Eurasian integration processes,” Otorbayev said, adding that one of important areas of cooperation with Russia was energy.

Kyrgyzstan also plans to supply more agricultural products to Russia. “Our producers would like to supply their products to the Russian market,” the premier said.

Eurasian Economic Union Treaty

The Treaty on the establishment of the Eurasian Economic Union was signed by the presidents of Russia, Belarus and Kazakhstan on May 29, 2014 in Astana.

The agreement is the basic document defining the accords between Russia, Belarus and Kazakhstan for creating the Eurasian Economic Union for the free movement of goods, services, capital and workforce and conducting coordinated policies in key sectors of the economy, such as energy, industry, agriculture and transport.

The agreement stipulates the transition of Russia, Belarus and Kazakhstan to the next stage of integration after the Customs Union and the common economic space.

The Treaty on the Eurasian Economic Union stipulates customs and technical regulation, foreign trade policies and measures to protect the internal market. The agreement envisages the transition to common customs tariffs.

The agreement also stipulates the principles of coordinated macro-economic and foreign exchange policies, financial market regulation, interaction in the energy and transport sectors, the development of a common gas, oil, petroleum product, medicines and medical equipment market.

The Treaty’s provisions cover such areas as intellectual property and state purchases, industry, agriculture and labor migration. The document also regulates information interaction within the union.

The document says that the union is open for accession by any state sharing the union’s goals and principles on the terms agreed by the member countries.

Oct 22, 2014 - 2:29pm

Human Ebola tests went out of control in Africa . . .

"Reports narrate stories of the US Department of Defense (DoD) funding Ebola trials on humans, trials which started just weeks before the Ebola outbreak in Guinea and Sierra Leone. The reports continue and state that the DoD gave a contract worth $140 million dollars to Tekmira, a Canadian pharmaceutical company, to conduct Ebola research. This research work involved injecting and infusing healthy humans with the deadly Ebola virus. Hence, the DoD is listed as a collaborator in a "First in Human" Ebola clinical trial (NCT02041715, which started in January 2014 shortly before an Ebola epidemic was declared in West Africa in March. Disturbingly, many reports also conclude that the US government has a viral fever bioterrorism research laboratory in Kenema, a town at the epicentre of the Ebola outbreak in West Africa. The only relevant positive and ethical olive-branch seen in all of my reading is that reported, "The US government funding of Ebola trials on healthy humans comes amid warnings by top scientists in Harvard and Yale that such virus experiments risk triggering a worldwide pandemic." That threat still persists."

"The U. S., Canada, France, and the U. K. are all implicated in the detestable and devilish deeds that these Ebola tests are. There is the need to pursue criminal and civil redress for damages, and African countries and people should secure legal representation to seek damages from these countries, some corporations, and the United Nations. Evidence seems abundant against Tulane University, and suits should start there. Yoichi Shimatsu's article, The Ebola Breakout Coincided with UN Vaccine Campaigns, as published on August 18, 2014, in the Liberty Beacon."

"US government agencies are supposed to do defensive biological warfare research in these labs. Is there any information about what are they working on?

Well, that's what they tell you. But if you study what the CDC and the Pentagon do… They say it is defensive, but this is just for public relation purposes than anything. It's a trick. What it means is what they decide at these bio-warfare labs. They say, "well we have to develop a vaccine", so that's their defensive argument. Then what they do is to develop the bio-warfare agent itself. Usually by means of DNA genetic engineering. And then they say, "well to get the vaccine we have to develop the bio-warfare agent" – usually by DNA genetic engineering – and then they try to work on the vaccine. So it's two uses type of work. I haven't read all these bio-warfare contracts but that's typical of the way the Pentagon CDC has been doing this since at least the 1980's. I have absolute proof from a Pentagon document that the Center of Disease Control was doing bio-warfare work for the Pentagon in Sierra Leone, the heart of the outbreak, as early as 1988. And indeed it was probably before then because they would have had to construct the lab and that would have taken some time. So we know that Fort Detrick and the Center for Disease Control are over there, Tulane University, which is a well-known bio-warfare center here in USA – I would say notorious for it – is there. They all have been over there.

In addition, USA government made sure that Liberia, a former colony of the USA, never became a party to the Biological Weapons Convention, so they were able to do bio – warfare work over there – going back to 1980's – the USA government, in order to circumvent the Biological Weapons Convention. Likewise, Guinea the third state affected here – and there is an increase now – didn't even sign the Biological Weapons Convention. So, it seems to me, that the different agencies of the US government have been always there try to circumvent the Biological Weapons Convention and engage bio-warfare work. Indeed, we had one of these two lab bio-warriors admit in the NY Times that they were not over there for the purpose of either screening or treating people. That's not what these labs are about. These labs are there in my opinion to do bio-warfare work for different agencies of the US government. Indeed, many of them were set up by USAID. And everyone knows that USAID is penetrated all up and down by the CIA and CIA has been involved in bio-warfare work as well.

Are we being told the truth about Ebola? Is that big outbreak began all of a sudden? How does it spread so quickly?

The whole outbreak that we see in the west coast of Africa, this is Zaire/Ebola. The most dangerous of five subtypes of Ebola. Zaire/Ebola originated 3500 km from the west coast of Africa. There is absolutely no way that it could have been transmitted 3500 km. And if you read the recently published Harvard study on the DNA analysis of the west Africas' Zaire/Ebola there is no explanation about how the virus moved there. And indeed, it's been reported in the NY Times that the Zaire/Ebola was found there in 1976, and then WHO ordered to be set to Porton Down in Britain, which is the British equivalent to Fort Detrick, where they manufacture all the biological weapons for Britain. And then Britain sent it to the US Center for Disease Control. And we know for a fact that the Center for Disease Control has been involved in biological warfare work. And then it appears, at least from whatever I've been able to put together in a public record, that the CDC and several others US bio-warriors exported Zaire/Ebola to west Africa, to their labs there, where they were doing bio-warfare work on it. So, I believe this is the origins of the Zaire/Ebola pandemic we are seeing now in west Africa. "

Oct 22, 2014 - 3:49pm
Oct 22, 2014 - 3:56pm

Breaking record today

8th consecutive DOWN week in miners

HUI/GLD all time low

Operation Trash the miners succeed. Bankers win again.

Oct 22, 2014 - 4:12pm

re: Breaking record today

Thanks Captain Obvious.

Wouldn't have noticed if you hadn't pointed it out.

Oct 22, 2014 - 4:33pm

What happened to all of these

What happened to all of these "hard asset" bulls that predicted higher oil prices? WTI now trading at $80 per barrel with the chance to hit even $60 by next year, I heard many calling for $120-140 this year, what a joke.

There is no manipulating oil for any length of time, so that conspiracy theory goes out the window, the fact of the matter is weak demand creates lower prices, and yes the US Dollar is gaining strength in purchasing power, this is what happens in slow growth and deflation.

With oil and all other commodities going lower, why would one expect PM's counter that trend? It makes no sense unless something radically changes.

Oct 22, 2014 - 4:53pm


You are piece of shit! You are not even smart enough to be labelled a troll. You're just a dumbass!

I guess I am too for pointing out the obvious.

Oct 22, 2014 - 5:01pm


Please explain to the board how oil has dropped from $110 to $80 in the past 12-18 months. Is Mr.Market wrong about this price movement? What's your explanation?

HiHoAg ancientmoney
Oct 22, 2014 - 5:16pm

Who believes?

You said, "So, who believes there really are some 522,000 1000 ounce silver bars laying around for years, collecting dust?"

Obviously the market believes as Silver is headed into the 16's. I've got a huge amount of Ag that I bought at $10/$20/$30 and personally I hope Ag tanks biggly. Why? I'm a buyer, not at these prices, but if we could ever get it back to $10 I would buy like a maniac. Only a matter of time before it goes nuts. Unfortunately that time could be many years from now.


Alonzo Jazzberry
Oct 22, 2014 - 5:58pm

Silver - you are not a dumbass for pointing out the obvious

It's because you are rude. Why is he a 'piece of shit' for attempting to figure out the implications of sustained lower oil prices? That sort of unwarranted defensiveness and anger is exactly how delusion and group think take root and thrive. By all means, disagree with him if you have something worthwhile to say, in fact zman graciously admitted his error in light of a counterpoint in a thread yesterday. The undiluted name-calling is just embarrassing for you.

Oct 22, 2014 - 6:21pm


Thank you, Silverun is great with the name calling, but when it comes to discussions about the financial markets, I don't see it.

Investors want to know why silver trades at $17 oz, to just spew manipulation year after year isn't working anymore, maybe it's time to talk about the fundamentals.

ancientmoney HiHoAg
Oct 22, 2014 - 6:31pm

HiHoAg re: 522,000 1000 oz. bars of silver ...

"Obviously the market believes as Silver is headed into the 16's."


I don't think the "market" believes that 522,000 1000 oz. bars exist in SLV/comex warehouses. JPM and the CME simply control the paper markets, which they can manipulate to any level they wish--so long as enough silver is still available to meet phyzz demand.

That may mean they have 1 1000 oz. physical silver bar, and 521,999 paper silver bars. For their purposes, that is the same as 522,000 physical silver bars.

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