[KR880] Keiser Report: Extinction Is Rule, Survival Is Exception

We discuss extinction as the rule, survival as the exception as investors seek cockroaches and dump the massive herd of unicorns. We also look at the role of Chianti in the role of the ongoing demise of the oldest bank in the world – a cockroach that became a unicorn thanks to Deutsche Bank and Nomura’s ersatz collateral. Finally, we cut to a short interview we did at the d10e.org conference with Tony Gallippi of Bitpay.com. In the second half, Max interviews venture capitalists and entrepreneur, Brock Pierce of Blockchain Capital, about the latest in the bitcoin and blockchain space.

177 comments on “[KR880] Keiser Report: Extinction Is Rule, Survival Is Exception
  1. poopysnot says:

    Eric Sprott: Silver is the Dark Horse
    The Daily Coin – Feb 26, 2016

    Turd Interviews Grant Williams on ‘Ask The Expert’
    Sprott Money – Feb 26, 2016

    Turd Interviews Eric Sprott
    Sprott Money News Weekly Wrap-Up – February 26, 2016

    * Slowing global economy
    * Surging inflows of the gold ETFs
    * Current dynamics of the silver market

  2. swell says:

    Modern Mengele?

    Declaration of Helsinki

    World Medical Association

    “In 1964 the Eighteenth World Medical Assembly meeting in Helsinki, Finland, adopted an ethical code to be used by medical doctors involved in biomedical research involving human subjects. This code was revised at the Twenty-Ninth World Medical Assembly held in Tokyo, Japan in 1975. … It has much in common with the Nuremberg Code (e.g. informed consent requirement and the requirement that animal experimentation must precede human experimentation). The Helsinki Code, however, goes beyond the Nuremberg Code in in certain important respects. Two differences are especially noteworthy: (1) The Helsinki Code distinguishes between clinical (therapeutic) and nonclinical (nontherapeutic) biomedical research and sets forth specific criteria of ethical acceptability for each , as well as other basic principles common to both. (2) The Nuremberg Code is silent regarding the informed consent requirement of the legally incompetent. The Helsinki Code addresses itself to such cases, asserting the ethical acceptability of what is sometimes called “proxy consent”.

    [of note]


    (6) The right of the research subject to safeguard his or her integrity must always be respected. Every precaution should be taken to respect the privacy of the subject and to minimize the impact of the study on the subject’s physical and mental integrity and in the personality of the subject.



    (5) If the doctor considers it essential not to obtain informed consent …”

    ~~Thomas A. Mappes and Jane S. Zembaty.Biomedical Ethics.McGraw-Hill,Inc..1986.pp181,182

  3. swell says:

    Nodus [nō’dəs] n. A crucial or difficult point Pl. nodi. See also QUIDDITY

  4. Vonda Bra says:


    Corbett Report

    Interview 1144 – Pearse Redmond Updates Us On The Epstein Pedophile Scandal

    From underage prostitutes on orgy island to political royalty and the “Lolita Express,” the Jeffrey Epstein case continues to unfold. Today Pearse Redmond of Porkins Policy Review joins us to give us the latest on the ongoing court cases surrounding the case that might still ensnare Epstein and his rich and powerful friends in an even bigger scandal.

    https://www.corbettreport.com/interview-1144-pearse-redmond-updates-us-on-the-epstein-pedophile-scandal/ (22)


    Interview 1141 – Declare Your Independence with James Corbett

    Today James joins Ernest Hancock for his regular bi-monthly appearance on “Declare Your Independence.” Topics discussed include the hundred trillion dollar bankster climate swindle, the latest from Syria and how “The Big Short” almost got it right. (NOTE: audio ends abruptly due to the way this radio broadcast is segmented/archived)

    https://www.corbettreport.com/interview-1141-declare-your-independence-with-james-corbett/ (23)


  5. poopysnot says:

    Financial Repression Authority – Feb 26, 2016

    Bill Murphy & Chris Waltzek – Feb. 26, 2015 http://radio.goldseek.com/nuggets/murphy.02.26.16.mp3

  6. poopysnot says:

    JOHN WILLIAMS – Hyperinflation 2016
    FutureMoneyTrends – Feb 26, 2016

    Global Trade Is Collapsing—-Chinese Exports To Brazil Down 60% In January Y/Y; All Containerized Shipments To LatAm Down 50%
    by Financial Times – February 26, 2016

    Now It’s Even Worse Than it Was When Lehman Collapsed, But It’s “Contained”
    by Wolf Richter – February 26, 2016

    Bond Vigilantes Push $258 Billion of Oil Debt Past Junk
    February 25, 2016

  7. Vonda Bra says:


    DarkJournalist – 26.2.16


    The Hotly Anticipated Part Two Episode of Dark Journalist’s In-Depth Interview With Dr. Joseph Farrell is Here!

    Join Dark Journalist and Oxford Scholar Dr. Joseph P. Farrell in a fascinating look at the Rise of The New German Reich carefully planned and executed by members of a Nazi Underground who integrated themselves in a stealth fashion into the American Deep State!

    European Union, Nazi International, President George Bush and Chancellor Helmut Kohl
    This episode explores the deep state ties between the setting up of the EU and it’s relation to a plan devised in Nazi Germany to create a puppet federation that was vouchsafed for later generations. Farrell delves deeply into the interface of a secret government planning operations to reinstall a New Reich to dominate a 21st Century world! Through mechanisms like the establishment of a European Union, Single Currency, CERN and a Corporate Cartel. The plan got an amazing headstart when George Bush Sr. helped install Helmut Kohl, who had bizarre ties to Oklahoma City Bomber Timothy McVeigh, with his effort for the reunification of Germany to get underway in 1990 and create an economic engine that has now made it the 5th largest economy in the world!

    McCarthyism, The Madrid Circular. FDR, John And Robert Kennedy!
    Together, Dark Journalist and Dr. Farrell look at the strange rise of Senator McCarthy in the fifties and his endless supply of damaging intelligence and compromising connections on high officials, likely being fed to him by former Nazi’s still at war with their communists enemy, holdovers from a mysterious deal struck by FDR during World War II, inside the umbrella of the National Security State.

    McCarthy overplays his hand and is ultimately destroyed but his two staunch allies, Senators John and Robert Kennedy take up a better cause when they haul leading figures of the mafia before senate subcommittees to unravel the deep state, black budget forces operating with impunity because of their deep ties to the CIA, as the Kennedy’s realize who the real enemy is. During this period a strange document appears in Europe that suggests the war never ended and that by working within a covert system a new Nazi Reich can be installed after Russia and America are weakened from within by careful manipulation of social and geopolitical forces. Are we seeing this prediction of The New Reich come true now in the 21st century?

    Stunning, eye-opening, informative, unnerving, alarming, and deeply laced with previously unknown information and bizarre, shocking truths, this is the Dark Journalist episode you don’t want to miss!

    https://youtu.be/N4lLVpS7Tq4 (1:27:31)


  8. Vonda Bra says:



    There’s an important article on Russia’s military doctrine and its possible use in the Middle East over at The Saker, and it’s this week’s fuel for Joseph’s commentary, which takes one point of slight disagreement with the renowned Russian affairs internet commentator:

    https://youtu.be/zs4r5LCWQ2k (15)


  9. Vonda Bra says:


    Putin Warns ‘Foreign Enemies’ Targeting Upcoming Russian Elections

    Putin exposing election interference is a huge deal.

    http://21stcenturywire.com/2016/02/26/putin-warns-foreign-enemies-targeting-upcoming-russian-elections/ (+ video 3 mins)


  10. poopysnot says:

    De Mistura gives briefing after UN Security Council vote on Syria ceasefire
    Ruptly TV – Streamed live hours ago (Starts at: 1:04:45)

    Mexico stock exchange suspends trading shortly after open
    Fri Feb 26, 2016 – 9 hours ago

    Mexico Stock Exchange Resumes Trading
    February 26, 2016 – 5 hours ago

    technical problems caused a trading halt

  11. Flopot says:


    That’s a shocking Corbett episode: that they can keep shocking us makes you wonder far the depravity goes…recall the conspiracy “theories” about devil worship!

    Don’t be surprised if victims start to go missing.

  12. YoLithos says:

    @Stacy Herbert
    Had no idea it merited such attention. I’m glad that it’s under your competent awareness, now. That’s why you and Max are you and Max. Thanks.

  13. poopysnot says:

    “There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices


    Chart of The Day III: The U.S. Stock Market to Oil Price Ratio – Highest Ever Based on Data Since 1987
    22 February 2016


  14. jet says:

    why are there no comments on bit pay and the block chain? why? haha. funny. this is a hangout.

  15. YoLithos says:

    @Capt Ray
    The Cubans arrived with an intact solid social culture. With a strng sense of society. Deep and old, in its own way, strongly rooted in Europe and in their New World history involving Africa and Native America. The Cubans arrived with a long common history which they were allowed to keep, since they were expected to be allowed to go back “soon, when the communists are overthrown”. And , since the US needed them as propaganda foot soldiers, they must have gotten a less rotten deal or two – here and there.

    They didn’t go through the full Ellis Island defacement or other relentless forms of almost totally shattering their collective identity and social relations and values. Which might have served them in the US system of social segregation in cultural ghettos and the development of a gang culture. As I call them, social kennels. And which might have contrasted with the relatively loose makeup of some the other newcomers over the decades, who arrived in looser formations. Despite their usually having social clusters just as dense in their home communities.

    And the malicious slander to and fro, great and small, is but part of the sniping in the constant bickering between factions in the continual US cultural ghetto wars of everybody against everyone.

  16. jet says:

    @Max. you should pay fonestar to comment here. just saying.

  17. Flopot says:


    We’re all in deep though about the blockchain.

    Besides, Dippy will take care of the technical side.

    We’ll just keep ruminating on crypto-currencies. My Granny is joining in aswell — hey, Gran, what do you think of Bitcoin?

    Well, sonny, let me think about that…hmmmmmmmm…

    And so it goes.

  18. YoLithos says:

    (@Capt Ray, @Stacy Herbert) The decades of Cuban investment in public education, public health, and medicine has given them a resource to exchange besides sugar cane. Something similar could be said about their preservation of culture. And of humanity itself, if incidents like the aid to Angola, Moçambique, and others against coordinated and institutionalized racist attacks are taken into account.

    With the global collapse, the migrant and refugee streams start to suffer lesser greater reflux for several reasons, including the three generations that have grown up overseas for whatever reasons. And they bring back different knowledges of the World.

  19. jet says:

    @Flopot. you just said something that blew my mind. Dippy. i was thinking the same thing.

  20. jet says:

    @Flopot did you keen thought? though?

  21. jet says:

    mean. ha 🙂

  22. Flopot says:



    I spotted that mistake first but deliberately let you spot it just to make you feel good about yourself. Ahem.

    Dippy is definitely the goto guy around here regarding crypts and currencies 😉

  23. Flopot says:

    I’d like a packet of crypts please.

  24. Flopot says:

    nn ronron…I mean jet

  25. fred shrieks says:


  26. fred says:

    good nn

  27. general moaners says:

    see y’all

  28. Flopot says:

    I’ll post this before non-violent extremism becomes too risky an attitude to adopt in the UK…


    …and I better start practising my Chomsky impersonation.

  29. poopysnot says:

    Banks In Trouble
    ARIRANG ISSUE – Feb 25, 2016

    Banks across the world are being hit hard with profits on a downward slide on the back of a slowdown in the global economy and low global oil prices. We take a look at how these banks are doing amidst the sagging economy.

    Furious French Restaurant Owner Bans Bankers
    17 Feb 2016

    Restaurant Owner Bans Bankers After Being Denied Loan
    February 26th, 2016

    Wet Wipes Blockage Weighing a Tonne Pulled Out Of Sewer Pipe Near Newcastle
    Feb 25, 2016

    A massive blockage made up of wet wipes and sewage pulled from an underground pipe near Newcastle has highlighted the problem of the increasing use of wet wipes. http://www.abc.net.au/news/image/7198998-3×4-340×453.jpg

  30. poopysnot says:

    goodnight ronron, keep a candle in the window for me, will ya?

    nite all*

  31. Mattdog says:

    Bird poop facials and wet wipe soft pack… The IBS is stirring…

  32. ronron says:

    @poopy. i sure will.

  33. Flopot says:

    “And how will that happen? Because of financial capitalism; it’s as if Gen. Liang has been reading Michael Hudson and Paul Craig Roberts (as he certainly does). He notes how “through the virtual economy, the United States has already eaten up all the profits of capitalism.”


  34. bbrebozo says:

    Damn, I love this music. Brings tears to the eye.

  35. susan says:


    that French restaurant owner only gets it half right, by missing the real plot! It’s nothing to do with socialism, and everything to do with Banks not being there to serve the public.

    Also, couldn’t you do something about JW’s snotty situation – I believe you’re the ‘go-to’ guy about that sort of thing?

  36. susan says:


    car bomb? Mossad.

  37. bbrebozo says:

    Ah, Susan Werner. Sadly, in the U.S. if you get on one of those juke boxes the only song that comes up for Susan Werner is her rendition of Paul Simon’s,” Something so right”. Hell, she does a great rendition. But, she has so many awesome songs of her own!
    Here is one. If you’ve never been to Nashville’s Blue Bird Café and you are actually there in in Nashville.
    Go experience the Blue bird Café. Friday or Saturday nights are the best.

  38. bbrebozo says:

    Sorry, my damn mouse is not responding very well. I think that I copied a link and … NOPE! Here is Susan Werner at the Blue Bird café.


  39. YoLithos says:

    Snapshots Of A General Policy Of Rejection And Death.

    Just Like The Nazis Did It :
    ‘…a new report by the ACLU and other groups says violations of medical care standards played a role in at least eight deaths inside U.S. immigrant detention facilities between 2010 and 2012. The report includes cases in which one man died of a heart attack after officials waited more than an hour to call 911, while another died of a preventable heart disease after his pleas for medical care were ignored for four months. In another case, a woman died after authorities gave her the incorrect dose of her medicine, even though she submitted multiple health services requests before her death, including one in which she wrote, “I am not being given the full dosage of my medications.”‘ – http://www.democracynow.org/2016/2/26/headlines/medical_care_violations_played_role_in_8_deaths_in_ice_detention_centers

    National Death Camps :
    ‘In Washington, D.C., cancer patients Zahara Heckscher and Hannah Lyon were arraigned Thursday on charges stemming from their February protest against the Trans-Pacific Partnership, known as the TPP, and its so-called death sentence clause, which would extend drug company monopolies on medicines. Zahara Heckscher spoke after their arraignment.
    … “We’re going to keep fighting against the TPP, keep fighting to get the word out about the danger of the TPP for people with cancer and people who need access to medicines in the U.S. and around the world. …’ – http://www.democracynow.org/2016/2/26/headlines/cancer_patients_who_protested_tpp_arraigned_in_dc_court

    Korean Ghost Stories! The Phantom Resistance!
    “And in South Korea, organizers held a “ghost rally” to protest crackdowns on the right to assembly. On Wednesday, members of Amnesty International Korea projected holographic images of protesters holding signs and carrying flowers onto a screen in a public square in central Seoul. It was the first holographic protest in South Korea. Police are reportedly trying to decide whether the ghost rally violated the law and, if so, who to punish.” – http://www.democracynow.org/2016/2/25/headlines/south_korea_ghost_rally_protests_restrictions_on_right_to_assembly

  40. Capt. Ray says:

    @ Yolithos

    Anyway; i know quit a bunch of Cubans… But i have not heard of them going back to go to doctor.
    Maybe that changed lately. Bc since very recently you can, under special visa etc etc etc, visit.

    But i don’t think many will do that anytime soon. Overall people are pretty fearful still of the regime.

    But honestly i have to ask. I know of one colleague that went… I met his father years ago; father was gov official…


  41. poopysnot says:

    “The Whole System Can Blow!” BIG Moves Ahead For Gold & Silver?
    SilverDoctors – Feb 26, 2016

    Silver Potential Claims Per Ounce of Comex Deliverable Climb To New High
    26 February 2016

    Deutsche Bank: It’s time to buy gold
    26 Feb 2016

    HSBC Looks At "Life Below Zero," Says "Helicopter Money" May Be The Only Savior https://t.co/7zAitahUCY— zerohedge (@zerohedge) February 26, 2016

  42. poopysnot says:

    Contraction Of Credit… Central Bankers Greatest Fear
    by Bill Holter – February 26th, 2016

    Just a short comment on a VERY BIG problem! The below chart shows “margin” balance on the NYSE with an inverted chart of the S+P 500 laid over it… http://www.jsmineset.com/wp-content/uploads/2016/02/NYSE-investor-credit-SPX-since-1995-inverted_thumb.gif

    More Than 50 Blocks Of Fiscal Irresponsibility
    26th February 2016

    February 26, 2016

    Chesapeake’s AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls

  43. poopysnot says:

    @Susan re: “that French restaurant owner only gets it half right”

    When I clicked on the story I didn’t expect him to be Austrian, I just thought it was interesting, and deserved attention here.. just for what it is.

    re: “couldn’t you do something about JW’s snotty situation”

    Well, a man should never. EVER. wipe another mans nose ..if that’s what you mean =)<

    ~Cya tonite all~

  44. poopysnot says:

    “EVER” …unless invited to anyway =)~

  45. Flopot says:

    It’s not democracy…

    “Former Israeli cabinet minister, Shalamit Aloni, wrote in Ha’aretz (May 9, 2009): “Sadly, Israel is no longer democratic. There’s a state and no equality of rights. Democracy exists but only in the formal sense: There are parties and elections and a good judicial system. But there is also an omnipotent army that ignores legal decisions that restrict the theft of land and owned by people who have been living under occupation for the past 42 years. And since 1992, it means an ethnocracy in which gentiles (non-Jewish citizen) are considered donkeys.””


    …it is The Word 😉

  46. Youri Carma says:

    Robert Ian’s “Conquer Change” on GSR – Feb 26, 2016 Nugget

  47. Youri Carma says:

    “There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices http://www.zerohedge.com/news/2016-02-26/there%E2%80%99s-feeling-bits-ice-cracking-all-once-big-new-threat-oil-prices

    Brent crude $35.00 and U.S. crude $33.00 A Barrel Now

  48. Youri Carma says:

    Low Oil Prices Kick The U.S. Schlemiel ‘Growth’ Economy Right In The Nuts!

    Chesapeake’s AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls http://www.zerohedge.com/news/2016-02-26/chesapeakes-aig-moment-energy-giant-faces-1-billion-collateral-calls

  49. Youri Carma says:

    US Government Releases 2015 Financial Statements: “Keeps Getting Worse” http://www.zerohedge.com/news/2016-02-26/us-government-releases-2015-financial-statements-keeps-getting-worse


    Stocks Stumble After Best Gains Since 2014’s Bullard Bounce

    Satyajit Das: This Is Why You Can Expect Another Global Stock Market Meltdown http://www.zerohedge.com/news/2016-02-26/das-why-you-can-expect-another-global-stock-market-meltdown


    HSBC Looks At “Life Below Zero,” Says “Helicopter Money” May Be The Only Savior http://www.zerohedge.com/news/2016-02-26/hsbc-looks-life-below-zero-says-helicopter-money-may-be-only-savior

    Fear The Smell Of (Monetary) Napalm In The Morning

    Warm up the choppers and put some Wagner on the loudspeakers – “Helicopter money” is a hot economic topic.

  50. poopysnot says:

    one more on my way out the door..

    G-20 Affirms No-Devaluation Pledge, to Consult on Currencies
    February 26, 2016

    ‘Deer In The Headlights’ look – level: Elevated
    Officials at the G20 Meeting on Feb. 27

  51. YoLithos says:

    @Capt Ray
    The people went mostly the same way the cigars arrived. Visas and vyses verses. 😉 Nothing too spectacular. Just taking some detours. And there were articles about it. Apparently now buried in the internet, without archival internet dumpster diving.

  52. YoLithos says:

    You know, that would be one thing those recently announced “eternal” memory crystals would be great for. Safekeeping unrevisionable and regularly updated copies or “the internet”, libraries of congress, newspapers (sans papier), etc.

  53. Youri Carma says:

    Haris Alexiou – The Essence

    God, if only you were an alcoholic,
    Humanity would be rescued
    And while you were intoxicated,
    You would stab the grim reaper


  54. susan says:

    Scalia’s Lodge


    That cross of Malta comes in all colours, doesn’t it?

  55. YoLithos says:

    Speaking of car bombs.
    Straight from the horse’s mouth :
    President Bush, on vacation at his ranch in Texas, condemned the bombing.
    “The terrorists have again shown their contempt for the innocent, shown their fear of progress and hatred for peace. … The civilized world will not be intimidated,” he said.
    Which is why they do their worst to uncivilize it (decivilize it?). By that criteria, A large part of the Western world has been intimidated and no longer qualifies as civilized. Including France.

  56. Flopot says:

    “Britain’s budget deficit has been growing, then, mainly due to the interest payments on debts incurred by the bankers bailout, the overall impact of the recession caused by the reckless lending of the banks, and the massive payouts to the private sector resulting from PFI.”


    I like Dan Glazebrook because he doesn’t pull his punches.

  57. microhousehold says:

    Asian Dub Foundation – Ease Up Caesar


  58. swell says:

    Dear God, I love Google for its fuzzy search.


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