A Full Year of Ukraine Crisis


Fifteen thousand casualties, which includes over five thousand dead, and a country in ruins. And it didn't have to be this way.

This week, John and Steve recap the events of the past year and remind everyone of just how disastrous this "revolution" has been for the people of Ukraine. If you have the time this holiday weekend, please give this entire podcast a listen. I know you're busy, though, with family and friends. Therefore, if anything, try to carve out some time to listen to the first 10 minutes.

In just those first 10 minutes, Professor Cohen:

  • Revisits the origin of the crisis
  • Discusses the changes to US/NATO relations
  • Assesses the New Cold War
  • Describes how these events have led to a new Russia/China alliance (which, ultimately, brings us all closer to The End of The Great Keynesian Experiment)

Again, more on Professor Steve Cohen can be found here: https://en.wikipedia.org/wiki/Stephen_F._Cohen

And more information of John Batchelor's nightly radio program can be found here: https://johnbatchelorshow.com



Nov 29, 2014 - 11:16am

US dollar rate on Moscow Exchange exceeds 50 rubles

MOSCOW, November 28. /TASS/. The dollar exchange rate on the Moscow Exchange has for the first time exceeded 50 rubles, setting a new maximum.

The rate grew 1.36 rubles by now to 50.01 rubles per US dollar.

The rate growth since the year start has reached 50%

At the same time, the Brent oil price fell 3.7% to $69.9 per barrel for the first time since May 2010, according to data of the Intercontinental Exchange.


Nov 29, 2014 - 11:15am

Belarus hopes to settle problems with food supplies to Russia

MINSK, November 28. /TASS/. Belarusian Deputy Prime Minister Mikhail Rusyi said on Friday the republic would resolve all its problems with food supplies to Russia and shipments of goods through Russian territory by December 2.

“We will sign documents on the problems we have encountered on December 2,” Rusyi told journalists.

Belarusian officials already had talks with Sergey Dankvert, head of Russia's veterinary and phytosanitary service Rosselkhoznadzor, Russian Agriculture Minister Nikolay Fyodorov and Deputy Prime Minister Arkady Dvorkovich, the deputy prime minister said.

European Union specialists, representatives from the International Epizootic Office and chief veterinary officers from Russia, Poland, Lithuania, Latvia and Ukraine were also expected in Minsk on December 1, Rusyi said, noting plans to create a unified system to combat the African Swine Fever virus.

According to Russian customs data, Belarus has considerably increased imports of agricultural products since Moscow introduced its embargo on imports from the West at the start of August. Belarusian imports rose 80% to more than 354,000 tonnes between August and October compared with the same period last year, the customs data show.

An unusual growth of imports from the European Union, Norway, Canada, Australia and the United States to Belarus aroused suspicion that those products might be illicitly reexported to Russia through the neighbouring republic, side-stepping Moscow's embargo.

Russian food standards officers introduced tougher controls of food being transported across Russia from neighbour-state Belarus to third destinations.

Regulations effective from November 30 are designed to close illegal transit routes which authorities say are channelling frozen meat from Europe into Russia — products Moscow has banned in response to Western sanctions over Ukraine. From this date, consignments must be examined at Russian checkpoints before being allowed through.

© Mikhail Metzel/TASS

Lukashenko indignant over Russia's new food product transit rules

Tougher laws are needed to battle increasingly frequent attempts by Western suppliers to circumvent Russia’s ban on food imports, fraudulently re-exporting European fruit and vegetables through Belarus and Kazakhstan under the guise of transit, Russian officers say.

The ban announced in August bars imports of meat, fish, dairy, fruit and vegetables from the United States, the 28-nation European Union, Canada, Australia and Norway for one year in retaliation for sanctions imposed by those nations on Russia over events in Ukraine.


Nov 29, 2014 - 11:09am

Russian central bank currency interventions to stabilize ruble

MOSCOW, Nov. 28 (Xinhua) -- Russia's central bank said Friday that it is ready to increase foreign currency interventions, if threats emerge to the stability of domestic foreign exchange market.

"The ruble dynamics are considerably affected by changes in oil prices, as well as other parameters determining the terms of Russia's foreign trade," the Central Bank said in a statement.

The bank promised to hold onto currency interventions once there are threats of destabilization.

"The Bank is closely watching the situation of the foreign currency market and analyzing the influence of the ruble exchange rate on other segments of the financial market," said the statement.

Earlier in the day, the Central Bank raised its official exchange rate for the weekend and Monday to 49.322 rubles per U.S. dollar and 61.4108 rubles per euro, Interfax news agency reported.

Oil prices tumbled to their lowest level in more than four years on Thursday and crude continued to drop on Friday, after the Organization of the Petroleum Exporting Countries (OPEC) left output quotas unchanged at 30 million barrels a day.

Russian Finance Minister Anton Siluanov said Wednesday that unless the ruble's current exchange rates and oil prices are changed, Russian government will suffer a 500-billion-ruble (10 billion dollars) loss in revenue in the draft budget for 2015.

Ruble has lost more than a quarter of its value since the start of 2014 due to weakness in the Russian economy, which was caused by falling oil prices and economic sanctions imposed by the U.S. and its allies.


Nov 29, 2014 - 9:42am

In the end it all summarizes

In the end it all summarizes towards what will be the basis of Russian currency- if it will be nationalization of central bank and , as follows, Russian assets and resources 100% behind a paper currency, as history tells, since this will be spent on arms race, it will have a life time of 6 years , same as assignats that were backed by all property of France. Such printing in turn, demand- in order not to lose value of currency as happened with assignats- increase in currency backing in proportion to military spending- direct proportion, as , in contrast with USD, there is no leverage built in such national currency. USD can last 120-140 years depending on average interest paid on creation of money to bankers- 120 years if its 5% ( 100%/5%=20 , 20*6 = 120 years); This formula was proved already by Thomas Paine, the same, yes.

This 1 to 1 relation between Russian ruble and available, liquid resources of Russian state (backing the currency 100%) will demand that it expands these resources or assets at the pace of its arms spending, which it can only do by occupying other countries costless. First, Ukraine; Second, divide Central Asia with China , taking Kazakhstan; third, occupy Eastern Europe (little value though) and move towards Middle East (and so get closer to the USA involvement in war) ; fourth, and finally-this move will be too expensive- move against China which will end the poker played by Putin.

They -and Putin- should give up now to avoid WWIII, they ( Russians and Putin )- will not. As Hitler, they are not rational and think some miracle may help them even as the economy is as weak as Hitler's ( Hitler basically had engineering knowledge lacked resources, Russia basically has resources but lack engineering/production knowledge) . You need both to wage winning wars.

As soon as Russia will change monetary regime as Khazin recommends, either the crush of Russia or military expansion will be the only choices. And even if they find their own Napoleon later who will be a master of tactical nukes..they will not prevail.

Nov 29, 2014 - 6:43am

After oil price will bottom -

After oil price will bottom - in few months- with current ruble value or lower, nothing can prevent Russia from turning on printing press to rearm; from history ( French assignats during French Revolution) it is known that government printed money lasts for about 7 years before complete annihilation. This puts a deadline for Putin to compensate - as French tried as well then- this printing and devaluation with asset resource looting by military force. If Russia changes its monetary regime say in early 2015, it has time till about 2020 to compensate it by entering and winning wars. If it does not change its monetary regime soon, it has already lost.

I think this change in Russian monetary regime- showing its intents to increase confrontation and the need for military aggression to keep its NEW monetary system functioning- will mark the bottom in gold.

Nov 29, 2014 - 5:14am

Excerpt from the speech of

Excerpt from the speech of Hitler on January 30, 1940:

For 15 years, in this democratic Germany, hope was preached, hope for a new world, for new institutions. Every side had its international patron. Some hoped for the international solidarity of the proletariat, others placed their hope in democratic international institutions, on the League of Nations in Geneva. Still others hoped for a global conscience, for a cultural conscience, etc.

All this hope was in vain. We have put a different type of hope in the place of that previous hope: the hope of the only help that exists in this world, help through one's own power. The place that hope occupied is now filled with faith in our German people, in the mobilization of its eternal inner values. Back then , we had very little real tools to help us. What we saw as the building blocks of the new Reich, besides our own will, was firstly our people's manpower, secondly the intelligence of our people, and third that which our Lebensraum has to offer, namely, our earth and soil. Thus we began our work and subsequently witnessed this internal German ascent. This internal German ascent, which did not threaten the rest of the world in any way, which was purely internal German reforms, still instantaneously managed to produce hate in others. Possibly the most tragic moment of this happening was when we proclaimed our Four-Year-Plan, an idea which should have enthused the other world: a people wanted to help itself; it did not appeal to others for aid, it did not appeal for presents, for charity, it appealed to its own creative facilities, its own diligence, its own energy, its own intelligence. And still this other world started shouting, British statesmen cried out: what do you think you're doing, this Four-Year-Plan, it does not fit into our global economy! - as if they had let us have part in this global economy. No, they scented the recovery of the German people - and because of this, because we foresaw this and because we noticed this, we immediately began, parallel to this recovery, to remobilize German power.

You know these years. 1933, so the same year, in which we took over power, I saw myself forced to withdraw from the League of Nations and to leave the ridiculous conference on disarmament. We could not receive any rights from these two forums, despite years of begging and protesting.

1934: German rearmament began on the grandest scale.

In 1935, I instituted the general draft.

In 1936 I corrected the situation of the Rhineland.

1937 was the start of the Four-Year-Plan.

In 1938, the Ostmark and the Sudetenland were annexed to the Reich.

In 1939 we began to shield the Reich against those enemies that in the meantime had removed their masks. The measured introduced in 1939 were to protect the Reich.

All this could have been different, if this other world had, even for an hour, showed understanding for the German claims, for the necessities of life of the German people. So often it is said: we should have negotiated this. You remember, my comrades, did I not on more than one occasion raise the issue of German colonial claims before the world? Did we ever receive an answer to this, except for a no, except for repudiation, indeed almost new hostility? No, in Britain and France the ruling classes were determined to renew their fight against us the moment the Reich recovered. They wanted it so. For 300 years, Britain has followed its goal of preventing Europe to fully consolidate itself, just like France has for many centuries tried to prevent Germany from full consolidation.

Sound familiar, does it not? And quite non-aggressive speech and country , defending itself vs. the picture of Britain and France. This was already after Hitler replaced some ministers, notably, the foreign minister and Defense minister in 1938.

Hitler also had many supporters in British and other democratic societies who perceived him as fighter against global imperialism; may be he even was. But global imperialism was stronger, and will be stronger also this time. Good or bad? What are realistic alternatives given the current number of people on Earth that would avoid extinction type events? I have not heard of any. Only growth via debt can sustain this model-which has immense inertia- until peak debt is truly reached ( and peak oil at the same time) and growth is replaced by gradual decline of Western civilization ( including China who has adopted the model) and raise of Muslim civilization which does not live in the future based on debt.

Nov 28, 2014 - 11:23pm

Fort Carson troops will soon deploy, 'supporting Ukraine'

By Tom Roeder Updated: November 27, 2014 at 5:44 am •

Fort Carson's 4th Infantry Division will lead an American effort to bolster European allies and deter Russian aggression, the Pentagon announced Wednesday.

The post just got a team of soldiers back from Germany where they led a NATO exercise, but the new mission is wider and will last longer.

"This is not going to be a three-week or a month deployment," said a source at the post familiar with the new mission.

The Army hasn't said how long the division troops will be overseas, leaving the deployment indefinite.

U.S. European Command said that a 100-soldier team from the 16,000-soldier division will head to Europe in early 2015 to lead ground forces in "Operation Atlantic Resolve."

"Operation Atlantic Resolve is a continued demonstration of the United States' commitment to the collective security of our NATO allies and support for our partners in Europe, in light of the ongoing Russian intervention in Ukraine," European Command said in a news release. "The operation will remain in place as long as required to reassure our allies."

Russia's eight-month intervention in Eastern Ukraine has heated up this month with reports of increased Russian military activity including more heavy tanks.

European Command boss Gen. Phil Breedlove has been traveling the region in recent days, including a trip to show support for Ukraine.

"The U.S. is committed to supporting Ukraine through this difficult challenge," Breedlove wrote on Facebook on Wednesday. "The international community is imposing ever-tightening economic sanctions on Russia in response to its illegal annexation of Crimea and their destructive military actions and support to forces in Eastern Ukraine."

The Fort Carson soldiers will play a role in deterring Russia by building U.S. ties to allies in the region including former Soviet republics in the Baltic.

Leaders from the division will run a series of training exercises to ensure American forces are ready to fight alongside partners.

Leaders at the post are still developing plans for how they will support the open-ended troop commitment in Europe. Exact dates of when soldiers will leave haven't been announced.

The division has been redesigned in recent years and has fewer heavy tanks and artillery pieces.

The changes, though, left the division well-suited to European war, with infantry troops to tackle tough terrain, tanks to fight on open plains and eight-wheeled Stryker vehicles for urban battles.


Nov 28, 2014 - 9:59am

Great! But it won't stop

Great! But it won't stop Russia nor that is the intention. It is posturing to force Russia into conflict that will annihilate it. Putin is a gambler..not 100% rational, so he will play the game against superior force as Hitler did..until its game over. May take 6-7 years.

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Nov 28, 2014 - 9:57am

This oil drop will cause

This oil drop will cause about 6% GDP drop for Kazakhstan and Azerbaijan reducing their ruling clans claims to power and adding to the instability in the region.

They are becoming legitimate takeover targets for Russians.

Nov 27, 2014 - 12:15pm

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Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

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