JB and SFC Update

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While the active military fighting is mostly paused under the Minsk Agreements, that does not mean that the diplomatic fighting has lessened. In fact, the diplomatic war threatens the fragile peace and, last night, John and Steve explained some of the consequences.

During last night's program, many issues were discussed. A few of the bullet points to listen for:

  • Why is there such a "War Party" campaign against the Minsk Agreements?
  • What is behind Russia's efforts to befriend Greece?
  • Details of the recent statements by Russian Foreign Minister Lavrov that the U.S. "wants Minsk to fail" and the Sec. of State Kerry is "detached from reality".

As usual, I urge you to give this a thorough listen and to remain up-to-date on this evolving situation.



silver66's picture

Can't believe I am first

start of a good day


marchas45's picture

I Can Believe


infometron's picture

Silver66 & Marchas45 neck and neck

and I'm next :^)

unclepete's picture

Pepe Escobar from Moscow

Succinct and insightful overview:


Sounds like the S 500 missiles are game, set and match for Russia.

Turd Ferguson's picture

Thanks for posting that from Pepe


It's worth reading. Also worthy of review is this from last week:


infometron's picture

An interesting documentary for aeronautic buffs

Cool insights into speed and manuverability and the history of flight

Also of interest to those seeking to compare the SU 27 with the F 22 Raptor

Turd Ferguson's picture

Some remarkable charts in here


Today's Bill Holter column:

  We are again entering a collapse phase similar, yet far worse than we had in 2007-2008.  I will show you a few graphs as illustration of weakness in the real economy and compare them to the financial bubbles we are living.  The point to writing this piece is simple, the Fed has been saying they will raise rates.  They truly need to in order to retain ANY credibility at all ...just one minor problem, they cannot!  Not only can the Fed not raise rates, it is my opinion the economy and in particular the markets will force them to embark in another "QE folly" shortly.  I believe this will be the final shot of QE administered and may be seen by historians as "QE 4(n)evermore".
  You have seen this first chart before but to refresh your memory:
(all charts courtesy of M. Stevens)
This illustrates three of our current bubbles, the following graph breaks down
the home ownership percentage in the U.S. versus the amount of debt supporting home ownership.  The takeaway here is fewer Americans own homes yet those who do are carrying more debt than ever before.  Though not exactly the same, this is quite similar to an American public where stock ownership is less broad than in the past, volume has declined drastically and margin debt is at an all time high
   As you can see, we again sit with record margin debt, you already know what happened in 2000 and 2008, do you really wonder about 2015?
  Now, let's again look back at what I believe are very good leading economic indicators: inventories, new orders and personal consumption.   All three series have now turned negative.
  Add to the above, some very bad employment numbers and even the Fed's own forecast growth for Q1 is now only .2%.  Keep in mind, the Fed is using ridiculous inflation numbers well under 2%, if they were using the real number between 5-7%, they would be operating with a growth rate assumption of negative 3-5% or worse!
  I normally try not to "chart you to death" but I have just one more.  The whole purpose of this exercise is to show you how the timing of each "QE" of the past fit in to the economic and financial picture.  QE was used to flood the system with liquidity each time the markets began to weaken or revolt.  QE was not so much timed with the real economy, it has EACH time been more about the markets themselves.  The following chart illustrates the action in the markets preceding, during and after each QE dosage.  
    You will notice QE was introduced each time the market was weak, also notice that once QE was ended, the markets would again weaken and be followed by another round of QE.  I believe we are again close to another inflection point.  Stocks have not made new highs for several months, should they begin to weaken from here (they have every reason to), another dose of QE will be announced.  The talk has been all about Fed tightening or raising rates, this is an absolute MUST for the Fed to regain any credibility.  They cannot ever do this, they will be forced to do the opposite.
  Should the stock markets pull back and even approach a 10% correction, the Fed will be forced into QE4.  Please understand why.  Each episode of QE created more debt and more derivatives making the markets that much more levered with thinner margins of error.  The "problems" that QE were originally introduced for in the first place have only been made more severe with each new episode.  QE was never really about the economy at all, it was always about the banks and financial systems not imploding in a daisy chain collapse of the debt and derivatives.  Once the markets sniff out a 10% pullback, QE will again be mandatory to try to reflate the system and push the ultimate ending into the future ...kicking the can again so to speak.
  I believe the next QE will be the last one in our lifetimes for several reasons.  The Fed will finally lose ALL credibility.  Add to this, globally central banks and treasuries have destroyed their own balance sheets in their efforts to defy deflation.  They can no longer be the solution as they are part, a very BIG PART of the problem.  QE has distorted so many various markets so far from levels Mother Nature would endorse, something will snap in an out of control fashion ...and QE has been all about "control" and not allowing markets to truly function and "set" prices.
  What I am saying is this, the grand experiment of QE is very shortly going to be  "forced" into use again.  I believe this will be a spectacular failure and one which history will remember for 1,000 years!  My term for this last round is "QE4(n)evermore".  I say this because the monetary system will be broken, trust will be broken.  The world began an experiment of global fiat money back in 1971, this will finally be proven to be the folly it has always been ...and everyone on the planet (including Americans) will fully understand it.  
  Any new currency which is introduced will by necessity have to have some sort of real backing to have "confidence", without confidence any new currency will fail.  History has shown us time and time again that the only currencies which retain trust or confidence have some sort of tie to gold and silver ...or gold and silver themselves.  No currency backed by gold or silver has ever failed ...unless man himself fiddled and cheated with the weights, measures or the actual holdings of the metals themselves.  Quantitative easing is the ultimate in  "fiddling and cheating" ...and this with currencies of no real value to begin with!  In the most simple of terms, "It's all been a scam"!  Regards,  Bill Holter
Turd Ferguson's picture


Turd Ferguson's picture

One Eye Harry


More on Dirty Harry getting the shit kicked out of him by his brother the drunk:


Angry Chef's picture

Great Interview


Thanks for posting. I really enjoy these interviews. I want to apologize to Mr. Cohen from the people of Canada. That professor at the U of Calgary does not speak for Canadians. Albeit most are completely ill informed thanks to our useless MSM. Nobody with half a brain likes Steven Harper and the Conservatives. Except people in Calgary. They have sniffed too much fracking gas to know better. Please don't hold it against them. And just so my American brethren know. The first people to visit Mr. Harper after the last election was a contingent from...wait for it.... Goldman Sachs. And the former Minister of Foreign Affairs, John Baird, just took a position on the Board of Directors of...wait for it.... Barrick Gold. I believe Jim Willie refers to them as a CIA front. And lets keep an eye on this as well.


We need to stop these Nazi/Neo-Cons in both our countries. They are nothing more than wild dogs that need to be put down. Either we do it or Russia, China, and Iran will. And that won't end well for anybody.

Angry Chef's picture

If This Is True....


It would explain why so many people are behaving completely irrationally. The World would turn they're back on us for a very very long time.

-SilverIsMoney-'s picture

People have been talking about that...

for months now. What is Putin waiting for? I really hope he does it because as a friend and I were discussing the other night some kind of damning 9-11 evidence is probably the only thing that would ever wake the American people up.

I know some people that cannot even listen to the "was a false flag side" without having serious outbursts. If it was proven to the masses who cannot believe the truth things would change overnight in this country.

Owtovit's picture

@ one eye Harry

Gotta be a scene outta the Simpsons with gramps beating the shite outta his mate in the old folks home...lol....couldn't have happened to a nicer guy eh?

silver66's picture

one eye Harry

I guess that is like irish sunglasses


Whitecastle123's picture


The only  way the American public could understand it is if Oprah did a prime time special on all the major networks at the same time.

flyinkel's picture


I vote Whitecastle123 for Saturday Night Live (new and improved version)...too funny! 

It's so frickin' funny because it's true!

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