[KR865] Keiser Report: Whiny Ragequitting

we discuss whiny ragequitting in order to join a banking system with life-or-death power but where no real auditing is possible. In the second half, Max interviews investor Stephen Kendal and his terrifying derivatives model which shows the debt bubble growing larger and larger before each of the last two financial crises, whilst the markets stay the same size.

180 comments on “[KR865] Keiser Report: Whiny Ragequitting
  1. poopysnot says:

    the dark pools are turning

  2. poopysnot says:

    Petty theft is a big problem at #Davos2016, as seen here. Please do not leave bags unattended. pic.twitter.com/MgByt0VDO3— Rudolf E. Havenstein (@RudyHavenstein) January 22, 2016

  3. YoLithos says:

    Let no-one hear us. But where is the study showing the increase in cellphone activity between the middlemen from the beaches of Kerala coast to the cold storage warehouses and money peddlers near the larger centers, concurrent with the increases in fishing boat communications not only with the middlemen, but between themselves as well? Know what? That’s a game right there. Several, actually. Boardgame. Videogame.

  4. YoLithos says:

    A good blockchain would have thwarted the mortgage debt tranche repackaging derivatives? A bad blockchain would facilitate it? If that digital mortgage disintermediation (de)tracking thingy enabled what it did… what was it called?

    Imagine a derivatives web mapping system. Simulating their worldwide unravelling. Like a graphical simulation of an epidemic outbreak spreading out over the world. Or converging towards the “centers”. Reminds me of that ‘China glitch’ that hit American Airlines, Zero Hedge, WSJ, and NYT.

  5. YoLithos says:

    Code war kudos!

  6. YoLithos says:

    The banksters’ Schroedinger Cat. Nuked but nuked good. It’s dead. But the lights are always out. So they tell everyone it’s doing fine. Marked to market. Can also be done with Norwegian parrots.

  7. YoLithos says:

    Actualy the digital mortgage deed ‘sublimator’ was a detracking system. Intentionally shuffling and bundling and accepting twisted data that could never really be traced back to all the often totally bogus originating documentation. It was a ‘prima frunka’ intermediation system. Fit for re(↑n)-intermediation.

  8. susan says:

    @Capt. Ray:

    Thanks for that song – an oldie but goodie, with very pertinent lyrics, but of course…

    plus ça change, plus c’est la même chose…

    Enjoy your drink by the sea! For my sins I’m heading back to the UK, where all my favourite websites are somehow blocked by the ipad! Coincidence of course.

  9. Youri Carma says:

    Cocteau Twins – Blood Bitch

    Cocteau Twins’ Liz Fraser debuts first full-length project in 20 years http://www.factmag.com/2016/01/20/cocteau-twins-elizabeth-fraser-score/

  10. Roxanne says:

    This is wonderful, Stacy has coined a new word, “disinformediation”, worthy of a whole new show! Please watch episode 864 minute 0:57 , right at the beginning.

    Not only does it apply to sardine pricing, this word should apply to news print today: the gulf between free market price/information discovery and the presstitutes’ standard blither.

  11. Vonda Bra says:

    @ susan

    “Bon voyage!” :-)

  12. YoLithos says:

    The test, which connected the banks on a private ‘distributed ledger’ using Microsoft’s cloud-based Azure service, allowed participants to execute sample financial transactions instantly, globally, and without a centralized third-party clearing house. Participants included Barclays, BMO Financial, Credit Suisse, HSBC, Royal Bank of Scotland, TD Bank, UBS, and UniCredit among other leading financial groups.

  13. YoLithos says:

    Now, a competition has been announced to develop obfuscation software to hide an author’s style with the task: “Given a document, paraphrase it so that its writing style does not match that of its original author, anymore.” We’ll see what comes out of that. Meanwhile, the question remains: Who will win in the long run? Forensic linguists, or obfuscation technology?

  14. poopysnot says:

    TurdFerguson & EricSprott – Another volatile Week Coming
    Sprott Money News – January 22, 2016

    A2A Turd & James Turk – European Banks, London Gold, Saudi Depeg
    January 21, 2016 (Audio)

  15. poopysnot says:

    Impending snowstorm could cost Phila. region up to $75M
    Jan 21, 2016

    ** Q1 2016 GDP UPDATE ** pic.twitter.com/TqCZ6sCdYr— Rudolf E. Havenstein (@RudyHavenstein) January 22, 2016

  16. Flopot says:

    “Good news…my goodness…there is hope after all!”

    Just practicing writing that out — you never know ;)


    That’s one bad hat, Harry!

  17. YoLithos says:

    While Russia bans bitcoin?

  18. YoLithos says:

    Forensic obfuscation vs. linguistic technology? Where have we heard of that before? Or would that be where have we herd?

  19. poopysnot says:

    George Orwell’s 66th death anniversary: Interesting facts about the man
    January 21, 2016

    The genius of George Orwell
    21 January 2016

    Birmingham Mail Nostalgia – A look back at January 21 in years gone by
    21 Jan 2016

    Has Europe got swagger?
    CNBC International – Jan 22, 2016

    How much swagger has Europe got?
    CNBC International – Jan 22, 2016

  20. swell says:

    PayPal CEO Dan Schulman and eBay CEO Devin Wenig at the World Economic Forum meeting in Davos, this week:


  21. swell says:


    “obfuscation software to hide an author’s style”

    So the pursuit of anonymity now necessitates ditching clarity and flare with style in favor of deliberate affectation, pedantic Latinisms and probably peppered with inkhorn words?

  22. swell says:

    *style with flair

  23. Youri Carma says:

    Barclays Rigged Its OIL ETN By Limiting New Creation Units

    Despite Larry Fink’s relentless efforts to convince everyone how safe ETFs are, these products and their bastard offspring – ETNs – continue to demonstrate exactly how rigged financial markets have become. Barron’s uncovered the cause of the huge anomaly in the OIL ETN: The wide premium developed after Barclays limited how many new shares could be created, inhibiting the normal mechanism that keeps an ETN’s price in line with its index.

    Barclays is like a casino boss who shakes down a winning blackjack player. Plummeting oil prices sent the value of their ETN plunging. Any short sellers were sitting on massive gains. The easiest way to prop up the price of something is to limit the supply. Barclays did exactly that, artificially inflating the price of the ETN, and crushing any shorts in the process. This is similar to what happened in the mortgage market in 2007 when bearish investors bought credit default swaps on subprime mortgages. As defaults soared, their credit default swaps declined in value because the banks who sold them the insurance were also the market makers who set the prices. Well guess what? The market maker is going to finish unloading his junk before he lets you get out. Oil is the new subprime, and Barclays is rigging the price by restricting the number of OIL creation units they will sell each day.
    After we brought the premium to readers’ attention on Sunday, Barclays was in the spotlight, and yesterday, they issued an “investor guidance” press release warning investors that the ETN was 41% overvalued. As Barron’s noted, “Most investors wouldn’t have known anything was amiss.” And that’s exactly the problem. Why the SEC still allows ETNs to be sold to the average investor remains a mystery.

    This isn’t the first time an ETN has gone rogue. Last summer, a Goldman Sachs commodity ETN soared after it halted creation units.

    Until the SEC gets a clue, the burden remains on financial blogs such as this one to disclose security mispricings that are now frequently exceeding $100 million.

  24. Youri Carma says:

    America’s Most Closely Guarded Secret: The Covert Fund That Controls It All — Rob Kirby https://www.youtube.com/watch?v=j61dWtJrsgY

  25. poopysnot says:

    Brick & Mortar Retail Losing More Than Online Retail Gaining
    Peter Schiff – Jan 22, 2016

    Iran to be hooked up to global banks in weeks – Middle East Bank
    Jan 22, 2016

    China National Petroleum Corporation pumping new oil in Iran
    CCTV News – Jan 22, 2016

  26. Youri Carma says:

    Frankly this is exactly what I expected too. Simply using funny money to buy up dumped U.S. treasuries by foreigners and more specifically China.

  27. Youri Carma says:


    America’s Most Closely Guarded Secret: The Covert Fund That Controls It All — Rob Kirby https://www.youtube.com/watch?v=j61dWtJrsgY

  28. poopysnot says:

    Deep “Freight Recession” Hits Railroads, Trucking, Air Freight
    by Wolf Richter – January 22, 2016

    Union Pacific CEO says consumers ‘just don’t seem to be showing up’
    Jan 21, 2016

    Rail Shipments Plummet to Recessionary Levels
    by Wolf Richter (from January 7, 2016)

  29. Youri Carma says:

    Why The Oil Price Crash Is Killing The NHL

    Moody’s Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review

    Watch Out for Those Falling, Oil-Soaked Angels
    About $155 billion worth of energy bonds could be downgraded.

    Oil’s Collapse Hurting States That Were Counting on $50-a-Barrel


    The Cities Where Rents Will Fall This Year

  30. poopysnot says:

    @Youri – Thanks for Kirby =)

    No Wizard Behind the Curtain with Yra Harris
    Financial Repression Authority – Jan 22, 2016


  31. YoLithos says:

    The cat died. Or disappeared. Probably.
    Meet the new cat : 3 pidgeons and 2 holes.

    Literary disguise is a fine art.

  32. swell says:

    Paypal Code of Business Conduct & Ethics Guide for Best Practices with Preface by CEO Dan Schulman:


  33. Hondo Stalwart says:

    gonna get crazy on the streets in the states … just a matter of time

  34. poopysnot says:

    –Working Less is Good for Inflation– New analysis from the Bank of England has implications for monetary policy
    January 22, 2016

    IMF Sees Venezuela Inflation Rocketing to 720 Percent in 2016
    January 22, 2016

    Looks like at least some Central Bankers figured out how to boost inflation. The Fed could learn from this. pic.twitter.com/95CPGmsyrB— Rudolf E. Havenstein (@RudyHavenstein) January 22, 2016

  35. poopysnot says:

    g’nite ronron ..nite all*

    The ECB Rescues The Markets
    Peter Schiff – Jan 22, 2016

    David Stockman On CNBC: This Is A Dead Cat Bounce—-We're At Peak Debt Headed For Recession https://t.co/3DoIoN7Sgy— David Stockman (@DA_Stockman) January 22, 2016

  36. Hondo Stalwart says:

    OMG … gonna get close to 3 feet of snow

    Will be stuck here for dayssssssssssssss

  37. poopysnot says:

    ..One Last Squeeze: >>> P o o p N e w s <<<

    Brilliant Thieves Suck Bus Fuel— Er, No, Sewage
    Jan 21, 2016

    (Newser) – Turns out that stealing gas from a tour bus is more nuanced than one might think, as demonstrated by a would-be thief or set of thieves earlier this month in Australia. In what the Mirror refers to as a simple case of "mixing up poo and petrol," Laverton cops say the perps tried to remove gas from the tour bus as it was parked overnight, using the tried-and-true siphoning method, but they apparently picked the wrong tank, the West Australian reports…

    Thieves get the bad oil from bus sewage tank
    January 16, 2016

    Study proves no wine or beer possible without wasp poop
    January 19, 2016

  38. Youri Carma says:

    If this ain’t an economical collapse I donnow what iS!?


    Here’s what it says!

  39. Youri Carma says:

    I donnow what iZ!?

    And here’s what it saaaaays!!!

  40. Youri Carma says:


    Yeah, exactly a freakin’ shitstorm with the fan on 12!

  41. Youri Carma says:


    Batten the hatches and hold on to your ass to kiss it goodbye!

  42. Hondo Stalwart says:

    Lolol … Thankx poopysnot!

    It’s gonna be mayhem in these parts. Some towns in central jersey may get 5 feet if this forecasted intense ‘banding’ does set up. Hope they are wrong.

  43. TeZ says:

    I did a rough calculation about a year ago that suggested that the gold price necessary to clear the derivatives market was $275,000.00 per oz.

  44. YoLithos says:

    ‘Everyone have breakfast already? Ok then.

    Did @poopysnot miss this one? Amazing! :) But even more serious, arguably :
    As a reflection of older tech in the matter going back at least to Vedic medicine treatments with bovine effluvia.

    Here’s some more, er, ‘fallout’ from that wasp saccharomyces cerevisiae link. Despite all empirical evidence to the contrary.
    “Scientists: Human brain 10 times more powerful than thought”
    The disinfo is revealed after reading the article. The discovery was in a primitive area of the brain tied to sensation and ‘switchboarding’.

  45. YoLithos says:

    Whence Mnemósine’s and sinchronicity’s most bounteous grace :

    The Porkchop Express

  46. YoLithos says:

    When will the bitcoin mining network become so vast and interconnected that it achieves self-awareness?

  47. Flopot says:

    Summing up the murdered…

    “In the U.K., Tony Blair dismissed the “Lancet survey ” out of hand, claiming that, “Figures from the Iraqi Ministry of Health, which are a survey from the hospitals there, are in our view the most accurate survey there is.”

    But in 2007, the BBC obtained a set of leaked documents that included a memo from Sir Roy Anderson, the chief scientific adviser to the U.K.’s Defense Ministry, in which he described the epidemiologists’ methods as “close to best practice” and their study design as “robust.” The document trove included emails between worried British officials admitting that the study was “likely to be right” and that “the survey methodology used here cannot be rubbished, it is a tried and tested way of measuring mortality in conflict zones.” But the very same official insisted that the government must “not accept the figures quoted in the Lancet survey as accurate.” ”


  48. Flopot says:

    There is hope ;)


    Another politician paying lip service to a dead concept. The only solution left is a new Palestine-Israel — not a Jewish Supremacist state that makes a mockery of the accepted historical narrative, i.e. the “righteous”.

    One secular, Multi-Kulti state called Pally-Isrally. If it is good enough for the West, tis good enough for the Israelis :D

  49. Flopot says:

    Oops; I didn’t expect an Israel bashing session. Looks like all information roads lead to Tel Aviv.

  50. Flopot says:

    Time to lambaste the Saudis, those purveyors of fake-Islam…

    “The covert alliance between the Kingdom of Saudi Arabia and the Zionist entity of Israel should be no surprise to any student of British imperialism. The problem is the study of British imperialism has very few students. ”

    And we’re back to Tel Aviv. Ffs! ;)

  51. Youri Carma says:

    Search For The Ancient Inca Quarries Of Cusco Peru

  52. Youri Carma says:

    It’s A Mad, Mad, Mad, Mad, Mad World! | Andrew Hoffman

  53. poopysnot says:

    Gerald Celente Interview (Audio)
    January 23, 2016

    Gerald Celente – “Davos Fix: Monetary Methadone For Money Junkies” (1/21/16)
    Trends Journal – Jan 22, 2016

    BREAKING THE COMEX: First The Collapse Of Registered Gold Stocks, Now Silver??
    by SRSrocco – January 22, 2016

    Moody’s Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review

  54. Youri Carma says:

    Dead Snow: Monster storm hits U.S. East Coast

  55. poopysnot says:

    @Hondo re: ‘frozen poop/clostridium difficilenice’

    Interesting! I overlooked that.. I must gotten distracted while researching ‘snow poop’ lastnight, after I clicked on ‘Images’ =)~ https://s-media-cache-ak0.pinimg.com/736x/64/c9/2d/64c92d7cd04a0cb1bb2bd09ad07b4586.jpg

    @Youri: ~hahaha~ ;)

    Virtual Reality Experience Highlights Dali Museum Show
    Associated Press – Jan 22, 2016

  56. Youri Carma says:


    Some nice arty 3D-ali :)

    Pascal is NVIDIA’s next generation GPU

  57. Youri Carma says:

    The Secret Behind The Next Global Crash by Pepe Escobar

    Peter Schiff: The ECB Rescues The Markets

  58. Youri Carma says:

    Gasoline Euro-95 €1.40 a Liter In the Netherlands, 23 January 2016,

    1 Gallon~3.79 Liter,

    So, €1.40 X 3.79= €5.30 a Gallon,

    So we pay $5.70 a Gallon.

    (In the Netherlands we already have 60% tax on gasoline)

  59. poopysnot says:

    Mike Mish Shedlock – Bank of Europe Head: “Emperor With No Clothes”
    Talk Digital Network – Jan 21, 2016

    LME said to be in talks with banks to list London gold contract
    January 22, 2016

    The Epic Retreat Of Offshore Investment—-$47 Trillion Wants To Come
    Bloomberg Business – January 22, 2016

    “There are around 47 trillion dollars in private and official investment abroad and far too many that wish to retreat home or to the U.S.,” writes Deutsche Bank Macro Strategist Sebastien Galy in a report titled “The Retreat of Global Balance Sheets.” “These flows are triggered in good part by a recognition that emerging markets’ potential growth is slowing down structurally without enough compensating growth in developed economies.”

  60. poopysnot says:

    @Youri re: NVIDIA’s next generation GPU

    those facial expressions are crazygood.. wow

  61. poopysnot says:

    ..meanwhile, somewhere in East China..
    CCTV+ Jan 23, 2016

    Fabian Calvo – Major Market Crash, All Planned by Elite, Petrodollar Dying
    FutureMoneyTrends – Jan 23, 2016

  62. poopysnot says:

    Has anyone mentioned Bernie Madoff as a Presidential Candidate? He knows how to run a Ponzi scheme, & might be just what America needs now.— Rudolf E. Havenstein (@RudyHavenstein) January 23, 2016

  63. YoLithos says:

    Since the global reserve currency is unique and works inverted relative to the others. Does that mean the foreign investment reflux trying to get back into the core will be ‘gated out‘, in order to keep it delay it from swamping the US home financial system? Why won’t it just get parked in the usual tax havens?

  64. Dan says:

    This is one of the best explanations I have ever seen about the derivatives markets. I’ve known this for some time and would try explaining this to people but their eyes would glass over. Thank you…Dan

  65. Dan says:

    At the end of the talk he said something that he didn’t explain and I believe he called it the ‘block Chain” that would be introduced that would end this market. Can you have him explain this in more detail. Thanks Dan