JB and SFC Discuss Ukraine Crisis

23

Now that the election in Ukraine and the Donetsk People's Republic are over, what happens next? Is it back to "normal" or does the tenuous cease fire hang in the balance?

For a full update, including a discussion of the temporary natural gas agreement that lasts only through December, please give this podcast a thorough listen.

TF

  23 Comments

Nov 5, 2014 - 1:18pm
lnardozi
Nov 5, 2014 - 1:28pm

Not First, but not Turd either

I guess Soros is shorting the Ruble.

Fatso
Nov 5, 2014 - 1:59pm

Geopolitical bombs away

Thanks Turd, it is easy to forget this when one is too focused on PMs

thurd aye
Nov 5, 2014 - 2:07pm

.

. Got my spot,see ? thurd is thurd and ever moreshall be so.

Its only paper prices falling.all my ounces and kilos are safely tucked up in bed.

doh! now you know where I hides em.

TA)))

Silverivalist
Nov 5, 2014 - 2:13pm

Slightly off topic, but important...

NEW YORK, Nov 5 (Reuters) - The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following "tremendous" demand in the past several weeks.

In a statement sent to its biggest U.S. coin wholesalers, the U.S. Mint says it will continue to produce 2014-dated coins. The Mint will advise when additional inventory will become available for sale without providing further details.

The announcement has not been made available to the public, but a U.S. Mint spokesman confirmed that it has sent the statement to its authorized participants.

A sharp break in gold prices to their lowest in more than four years last week has unleashed a surge in demand for silver and gold coins in North America and Europe.

https://finance.yahoo.com/news/u-mint-temporarily-sold-silver-182319457....

Urban Roman
Nov 5, 2014 - 2:16pm

It used to be Bush's fault

But now it's Putin's fault.

(shamelessly repeated from a ZH thread, ..)

TreeTop Dweller
Nov 5, 2014 - 2:47pm

Russia may ban circulation of US dollar

gotta be true, i found it on the internet...

Russia may ban circulation of US dollar

The State Duma has been submitted a relevant bill

Moscow. Farid Akbarov – APA. Russia may ban the circulation of the United States dollar.

The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA’s Moscow correspondent reports.

If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year and exchange their dollars in cash to Russian ruble or other countries’ currencies.

Otherwise their accounts will be frozen and cash dollars levied by police, customs, tax, border, and migration services confiscated.

After the law enters into force, it will be impossible to obtain cash dollar in Russia. The ban or termination of the US dollar will not apply to the exchange operations carried out by Russian Central Bank, the Russian government, ministries of foreign affairs and defense, the Foreign Intelligence Service and the Federal Security Service.

https://en.apa.az/xeber_russia_may_ban_circulation_of_us_dollar_218603.html

SilverRunNW
Nov 5, 2014 - 2:56pm

Russian Gas - Ukraine Payments

Stephen mentions the recent agreement on the nat gas situation.

What I find very interesting, and I don't hear anyone talking about it, is the fact that Ukraine is so backed up in payments for nat gas that they've already used and WHY haven't they been paying?

Ukraine’s Naftogaz (state-own oil and natural gas company) buys gas from Russian, then sells it to its' customers, both corporate/manufacturers and consumer (home heating) as well as government entities. So have all these customers stopped paying their gas bills? Or did the Ukraine government steal this money flow, and give Russia the big middle finger?

Unbelievable!

So now Europe is funding this corruption? And Ukraine is such a great "prize" to obtain? Really?

Bohemian
Nov 5, 2014 - 3:20pm

@SilverRunNW

I wrote about it in May, so -- here it is. I think that they change the terms.

----

Submitted by Bohemian on May 14, 2014 - 11:23pm.

"Professor Stephen F. Cohen is one of the world's foremost experts on Russian history and Russian studies."

I was listening the first 10 minutes, up to the moment when he is talking about Ukraine not wanting to pay right now and asking some big discount -- and he, being a bit sarcastic, is mentioning the "free market" issue, how the pricing is done. I think he is wrong. Well, he is wrong --

Gazprom stated that it will interrupt the gas supply to Ukraine on June 2, unless Ukraine pays its debt to Gazprom. Gazprom asks $3,51 Billion. Jurij Prodan, the head of the Ukraine's DOE, said, that Ukraine can’t pay this amount right now in full, considering the price that Gazprom is right now charging Ukraine. The Ukraine’s Naftogaz submitted to Gazprom several offers, options, trying to deal with this issue, but Gazprom didn’t respond. Moscow doesn’t want to deal with this government, right? They would just say: "Pay, and that's it." So, what are they charging for gas right now?

In 2009, Julia Timoshenko signed a deal with Moscow, that Ukraine would buy a FIXED amount of gas per year, no matter if they would need more or less; let’s say — they could have a mild winter, but according to this agreement, the supply was fixed for the price $485 (1000 cubic meters). It was the highest price in Europe.

Then, Janukovich won the elections, Timoshenko was sent to the jail, and Janukovich REFUSED the Association agreement with the EU. It was about the possible future EU membership. As a “thank you”, I guess, Gazprom/Moscow lowered the price of gas to $268.5 !!! Do you see some -- free market pricing mechanism here? I don't.

So, what about now? Well, Moscow doesn’t want to deal with this government and went back to the agreement from 2009, signed by Timoshenko, the fixed supply of the most expensive gas in Europe: $485.

nixy
Nov 5, 2014 - 3:23pm

Money creation to be discussed in UK parliament 20th

Contact an MP, FWIW?

https://www.positivemoney.org/2014/10/debate-parliament-get-ready-act/

What might reasonably be expected to happen if these proposals were implemented?

https://www.positivemoney.org/our-proposals/

I'll put a copy on the forum if anyone's interested to discuss further.

Money creation to be discussed in UK parliament

23 Comments on JB and SFC Discuss Ukraine Crisis

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