S8 Ep677: 12. HEADLINE: Federal Reserve Policy and the Risks of Stagflation GUEST: John Cochrane SUMMARY: The Federal Reserve is adopting a "wait and see" approach to the current oil shock. Cochrane warns against repeating 1970s mistakes, such as credit controls or

STREAMING THE MAKING OF THE JOHN BATCHELOR SGOW, FEATURING GORDON CHANG, VICTORIS COATES, JIM HOLMES, CHARLES BURTON, 4-1-2016.1920In this transcript from The John Batchelor Show, host John Batchelor and analysts Gordon Chang, Victoria Coates, and Charles Burton evaluate China’s pervasive influence across global flashpoints, specifically the Middle East, Ukraine, and the Americas. The discussion highlights the "not so invisible hand" of Beijing as it seeks to undermine United States authority while simultaneously grappling with its own vulnerabilities, such as energy security risks in the Strait of Hormuz. Coates argues that while China attempts to exert control from Caracas to Tehran, its actual effectiveness is waning as it struggles to protect its partners and secure stable oil supplies. The participants also examine the domestic threat of Chinese subversion within North America, citing the funding of radical activist groups by figures like Neville Roy Singum to destabilize democratic discourse. Finally, the dialogue addresses the geopolitical implications of a potential meeting between Donald Trump and Xi Jinping, questioning whether trade concessions can coexist with the reality of an ongoing New Cold War.

SHOW SCHEDULE JOHN BATCHELOR SHOW, 4-1-2026.1602 DUTCH REPUBLIC1. HEADLINE: China's Strategic Role in Global and Middle Eastern Conflicts GUEST: Victoria Coates, Gordon Chang SUMMARY: Experts discuss China’s strategic presence in global conflicts, including its reliance on Gulf oil and support for Russia. They analyze China’s limited effectiveness as a mediator between the U.S. and Iran. (1)2. HEADLINE: Naval Lessons from the Strait of Hormuz for Taiwan’s Defense GUEST: Jim Holmes, Gordon Chang SUMMARY: Professor Jim Holmes applies naval lessons from the Iran war to a potential Taiwan conflict. He emphasizes using geography for defense, prolonging wars to assemble forces, and utilizing low-cost drone technology. (2)3. HEADLINE: Investigating Subversive Chinese Influence and Funding in America GUEST: Charles Burton, Gordon Chang SUMMARY: Charles Burton discusses billionaire Neville Roy Singum’s alleged role in funding radical organizations to subvert Western democracy. The discussion highlights China's use of social media algorithms and direct donations to influence youth. (3)4. HEADLINE: Concerns Over U.S.-China Trade Talks and Forced Labor Enforcement GUEST: Charles Burton, Gordon Chang SUMMARY: Analysts express skepticism regarding upcoming trade negotiations between President Trump and Xi Jinping. They also criticize Canada’s failure to effectively block Chinese products manufactured using forced labor in Xinjiang. (4)5. HEADLINE: National Security Implications of the Chinese Humanoid Robotics Industry GUEST: Jack Bernham SUMMARY: Jack Bernham explores China’s burgeoning humanoid robotics industry and its potential military applications. U.S. senators are moving to block Chinese robots from federal supply chains to prevent security vulnerabilities. (5)6. HEADLINE: Smuggling Operations Evading U.S. AI Chip Export Controls GUEST: Jack Bernham SUMMARY: An indictment reveals a massive operation smuggling $2.5 billion in Nvidia chips to China via Southeast Asia. Experts suggest closing loopholes that allow Chinese firms to purchase chips domestically. (6)7. HEADLINE: Turkey’s Diplomatic Strategy as a Mediator in the Iran War GUEST: Sinan Ciddi SUMMARY: President Erdogan seeks to mediate a ceasefire in the Gulf to protect Turkey's weak economy from rising oil prices. However, he also benefits from a weakened Iranian regime countering Israel. (7)8. HEADLINE: Turkey’s Patronage of Hamas and Regional Security Concerns GUEST: Sinan Ciddi SUMMARY: Turkey maintains close ties with Hamas leadership, viewing them as a legitimate political movement rather than terrorists. Rumors also suggest Turkey may be aiding the flow of supplies to Hezbollah. (8)9. HEADLINE: European Energy Dependency and the Shift Toward Russia GUEST: Michael Bernstam SUMMARY: Rising energy costs are driving political shifts in Germany and other EU nations toward re-engaging with Russian energy. Despite EU sanctions, Russia is profiting from increased oil prices during the Iran war. (9)10. HEADLINE: Russia's Struggling Economy Amid Prolonged War and Sanctions GUEST: Michael Bernstam SUMMARY: Russia faces a looming recession, high inflation, and a structural contraction due to reduced investment. The government has nationalized private pension funds to finance the war effort and infrastructure projects. (10)11. HEADLINE: The Impact of War and Oil Shocks on Global Interest Rates GUEST: John Cochrane SUMMARY: Professor John Cochrane explains how oil shocks and inflation fears drive up long-term bond rates. He warns that bad policy responses, like price caps, can turn price shocks into sustained inflation. (11)12. HEADLINE: Federal Reserve Policy and the Risks of Stagflation GUEST: John Cochrane SUMMARY: The Federal Reserve is adopting a "wait and see" approach to the current oil shock. Cochrane warns against repeating 1970s mistakes, such as credit controls or failing to act decisively against inflation. (12)13. HEADLINE: NASA’s Artemis 2 Mission and the New Lunar Frontier GUEST: Douglas Messier, David Livingston SUMMARY: Douglas Messier details the upcoming Artemis 2 mission, the first crewed flight to the moon since 1972. The 10-day mission will test the Orion spacecraft’s life support and technical systems. (13)14. HEADLINE: International Competition for a Permanent Base on the Moon GUEST: Douglas Messier, David Livingston SUMMARY: NASA plans to establish a permanent lunar base by 2036, facing competition from a joint Chinese-Russian program. Success relies on commercial landers from SpaceX and Blue Origin to reach the South Pole. (14)15. HEADLINE: Re-examining Russian Interference in the 2016 U.S. Election GUEST: Craig Unger SUMMARY: Journalist Craig Unger reviews the events of October 7, 2016, involving DHS warnings of Russian hacking and the release of the Access Hollywood tape. He argues the timing benefited the Trump campaign. (15)16. HEADLINE: Alleged Long-Term Financial Ties Between Trump and Russian Intelligence GUEST: Craig Unger SUMMARY: Craig Unger discusses alleged ties between Donald Trump and Russian intelligence dating back to the 1980s. He claims the Russian mafia used Trump real estate for money laundering to bail out his businesses. (16)

16. HEADLINE: Alleged Long-Term Financial Ties Between Trump and RussianIntelligence GUEST: Craig Unger SUMMARY: Craig Unger discusses alleged ties between Donald Trump and Russianintelligence dating back to the 1980s. He claims the Russian mafia used Trump real estate for money laundering to bail out his businesses. (16)1960S ARABIA

15. HEADLINE: Re-examining RussianInterference in the 2016 U.S. ElectionGUEST: Craig Unger SUMMARY: Journalist Craig Unger reviews the events of October 7, 2016, involving DHS warnings of Russian hacking and the release of the Access Hollywood tape. He argues the timing benefited the Trump campaign. (15)1960 ARABIA

14. HEADLINE: International Competition for a Permanent Base on the Moon GUEST:Douglas Messier, David Livingston SUMMARY:NASA plans to establish a permanent lunar base by 2036, facing competition from a joint Chinese-Russian program. Success relies on commercial landers from SpaceX and Blue Origin to reach the South Pole. (14)1947 ARABIAN WORKER (NOT NAMED)

13. HEADLINE: NASA’s Artemis 2 Mission and the New Lunar Frontier GUEST:Douglas Messier, David Livingston SUMMARY:Douglas Messier details the upcoming Artemis 2 mission, the first crewed flight to the moon since 1972. The 10-day mission will test the Orion spacecraft’s life support and technical systems. (13)1947 QATIF

12. HEADLINE: Federal Reserve Policy and the Risks of Stagflation GUEST: John Cochrane SUMMARY: The Federal Reserve is adopting a "wait and see" approach to the current oil shock. Cochrane warns against repeating 1970s mistakes, such as credit controls or failing to act decisively against inflation. (12)1935 KHURMA KARIN

11. HEADLINE: The Impact of War and Oil Shocks on Global Interest Rates GUEST:John Cochrane SUMMARY: Professor John Cochrane explains how oil shocks and inflation fears drive up long-term bond rates. He warns that bad policy responses, like price caps, can turn price shocks into sustained inflation. (11)1935 AL LISAFAH

10. HEADLINE: Russia's Struggling Economy Amid Prolonged War and Sanctions GUEST: Michael Bernstam SUMMARY: Russia faces a looming recession, high inflation, and a structural contraction due to reduced investment. The government has nationalized private pension funds to finance the war effort and infrastructure projects. (10)1935 AL LISAFAH

9. HEADLINE: European Energy Dependency and the Shift Toward RussiaGUEST: Michael Bernstam SUMMARY: Rising energy costs are driving political shifts in Germany and other EU nations toward re-engaging with Russian energy. Despite EU sanctions, Russia is profiting from increased oil prices during the Iran war. (9)1935 JUBAIL ARABIA