[KR885] Keiser Report: Banks & Vikings

We compare modern banks to the Vikings – they both looted relatively defenseless populations of their hard earned savings. The only difference is that the Vikings did not fear death, whereas our central banks and governments are terrified of bank death and, because they interfere with the natural order of life and death, all must decay around it. In the second half, Max interviews Chris Ellis (@MrChrisEllis) and Alakanani (@BitcoinLady) about crowdfunding bitcoin nodes for Botswana, and why and how the global spread of nodes can improve the bitcoin ecosystem.

156 comments on “[KR885] Keiser Report: Banks & Vikings
  1. poopysnot says:

    I speak only slightly better than I write/type

  2. Youri Carma says:

    STOCKS

    Where Have We Seen This Before: Hungary Central Bank Will Prop Up Economy By Boosting Stock Market http://www.zerohedge.com/news/2016-03-09/where-have-we-seen-hungary-central-bank-will-prop-economy-boosting-stock-market

    S&P Futures Jump As Rebound In Commodities Helps Defense Of Key Support Trendline http://www.zerohedge.com/news/2016-03-09/sp-futures-jump-rebound-commodities-helps-defense-key-support

    “Are You Not Entertained” By This Close: Dow Back At 17K After Last Minute VIX Slam http://www.zerohedge.com/news/2016-03-09/dow-regains-17000-after-last-minute-panic-buying-vix-slam

    The “Smart Money” Is Quietly Getting Out Of Dodge: Sells For A Sixth Straight Week As Buybacks Soar http://www.zerohedge.com/news/2016-03-09/smart-money-quietly-getting-out-dodge-sells-sixth-straight-week-buybacks-soar

    What Happens Next: These Six Catalysts Will Determine If The Market Surges Or Crashes http://www.zerohedge.com/news/2016-03-09/what-happens-next-these-six-catalysts-will-determine-if-market-surges-or-crashes

  3. Youri Carma says:

    OIL

    Despite Record Cushing Inventory, Oil Jumps To $38 On Biggest Gasoline Draw In A Year http://www.zerohedge.com/news/2016-03-09/despite-record-cushing-storage-oil-jumps-gasoline-inventories-drop-most-year

    Cheap Oil, The U.S. Dollar & The Deep State
    http://www.zerohedge.com/news/2016-03-09/cheap-oil-us-dollar-deep-state

    “Output Freeze A Joke”, China Demand To Fall, And Other News That Should Be Moving Oil http://www.zerohedge.com/news/2016-03-09/output-freeze-joke-china-demand-fall-and-other-news-should-be-moving-oil

    The Curious Case Of The 550 Million Missing Barrels Of Crude Oil
    http://www.zerohedge.com/news/2016-03-09/curious-case-550-million-missing-barrels-crude-oil

    The 30-Year Line In The (Oil) Sand
    http://www.zerohedge.com/news/2016-03-09/30-year-line-oil-sand

  4. bbrebozo says:

    London cares if you eat. Just pray to the Zionists. Aha! 1900’s? 2016?

    https://www.youtube.com/watch?v=tMraYdklSOE

  5. poopysnot says:

    Why Didn’t the Fed “Just Say No”?
    https://www.youtube.com/watch?v=8V4PLjJQw50
    Peter Schiff – Mar 9, 2016

    The Gold Is GONE!
    https://www.youtube.com/watch?v=zd_b1oD2k6M
    Mike Maloney – Mar 9, 2016

    MAR 9 / THE BUMS ORCHESTRATE A GOLD AND SILVER RAID / CIRCUIT BREAKERS CALLED INTO EFFECT IN JAPAN AFTER YIELD ROSE FROM NEGATIVE .10 TO -.015 / NEW ZEALAND ENTERS THE CURRENCY WARS BY CUTTING ITS INTEREST RATE CAUSING THE KIWI TO FALL / USA INVENTORY TO SALES RATIO REACHES A HIGH OF 1.35: THIS LEVEL REACHED ONY ONE TIME AND THAT WAS DURING LEHMAN
    http://harveyorganblog.com/2016/03/09/mar-9the-bums-orchestrate-a-gold-and-silver-raidcircuit-breakers-called-into-effect-in-japan-after-yield-rose-from-negative-10-to-015-new-zealand-enters-the-currency-wars-by-cutting-its-interest/
    March 9, 2016 – by harveyorgan

  6. Youri Carma says:

    Peter Schiff: Why Didn’t the Fed “Just Say No”?
    https://www.youtube.com/watch?v=8V4PLjJQw50

    The Gold Is GONE! – Mike Maloney
    https://www.youtube.com/watch?v=zd_b1oD2k6M

    Tom Cloud’s Precious Metals Market Update (3/8/15)
    https://www.youtube.com/watch?v=k2f5Vq9-3mE

    Snowden on FBI’s plea to unlock terrorist’s iPhone: ‘It’s Horsesh*t’ https://www.youtube.com/watch?v=UITZVlxCBJg

  7. Capt. Ray says:

    @ ???

    About Cubans going to Cuba to go to doctor, etc.

    Today i spoke with a captain who knows the guy that recently went to Cuba (on a sailing catamaran with, and build for, people with/in wheelchair).

    What i heard is that he wasn’t allowed in! Even though paper work was fine and his dad working for that government…

    One example doesn’t make fact, i know. Still, as i suspect, Cuban government isn’t friendly to ” Cubans” at all.

    So to think dubble dipping is rampant for Cubans that is, is at the very least questionable.

  8. Capt. Ray says:

    (Btw, i wanted to meet him personally but he already left for the day… Tbc)

  9. swell says:

    Bill Gates hosts ‘Ask Me Anything’ session, talks about artificial intelligence

    http://kdvr.com/2016/03/08/bill-gates-hosts-ask-me-anything-session-talks-about-artificial-intelligence/#

    Damn!

    I missed it. Or I surely would have needled the man on Windows upgrade failure. :(

  10. swell says:

    Property of an Optimal Solution

    (i)The algorithm applies to all linear optimization models.
    (ii) At the final iteration, the terminal answer is an exact solution to the problem.

    “Establishing convergence is usually the hardest single task in the development of an algorithm.” ~~Harvey M. Wagner.School of Organization and Management.Yale University.Principles of Operations Research.Second Edition.Prentice-Hall,Inc..New Jersey.1975.pp112,113

  11. bbrebozo says:

    That is why you don’t have bison roaming free.
    https://www.youtube.com/watch?v=iDuaIZcQF7g

  12. bbrebozo says:

    May be fake and Bullshit. But by he sound of it. This could very well be true.
    https://www.youtube.com/watch?v=b7ZShralEZw

  13. YoLithos says:

    Normal people go by air? Or take the bus and ferry.

  14. YoLithos says:

    It’s interesting that of the jet pack flash mob cited in “You can’t swing a dead cat in here without hitting a billionaire.”, the first half a dozen are unicorn sector wonderfolk. And that, amid a gaggle of demented obscurantists that would humble Pol Pot, Trump seems to stand out as flaming orange beacon of incoherence and insanity. Those creeps make “Fahrenheit 451″ look like a nursery rhyme.

  15. Susan says:

    Bitcoin CEO found dead in Singapore, ‘suicide’…

  16. bbrebozo says:

    Come on now! Do I have to know about the Presidential candidates backgrounds? Oprah is on.
    https://www.youtube.com/watch?v=jAbyc9sq1Pk

  17. bbrebozo says:

    God I love this. None of you might.
    https://www.youtube.com/watch?v=mnUsj9MzeDg

  18. @ Stacey (Fri) @ Max (Loki)

    Ragnarök

    All know Odhinn and Loki are to clash
    As order and disorder are at odds
    When each will cause the other one to crash
    And bring about the twilight of the gods
    Then Lady Hel will open up her realm
    And Balder and Blind Hoth resume their fight
    And each in turn will seize and hold the helm
    As Balder rules all day and Hoth at night
    Then Fri will fall into a restless sleep
    And all the Earth will face a sad decline
    Great monsters will sink back into the deep
    With russet sunsets days will end so fine
    The Cosmos came from Chaos at its birth
    And in the time to come all find their worth

    From: The Half-Dane Child
    © T. Morgan 2016

  19. Correction
    Should be
    @ Max(Tiw)

  20. poopysnot says:

    Sugar Babies on Campus: How some local college students are selling themselves to pay tuition
    http://wtkr.com/2016/03/02/sugar-babies-on-campus-how-some-local-college-students-are-selling-themselves-to-pay-tuition-2/#
    March 02, 2016

    $1 Billion Plot to Rob Fed Accounts Leads to Manila Casinos
    http://www.bloomberg.com/news/articles/2016-03-09/the-1-billion-plot-to-rob-fed-accounts-leads-to-manila-casinos
    March 9, 2016

    Indian government calls meeting on gold monetization scheme’s lack of success
    http://www.business-standard.com/article/markets/government-calls-meet-to-review-gold-monetisation-scheme-116030900511_1.html
    March 9, 2016

    Central Banks Are About To Leave Fiat Addicted Stock Markets In Agony https://t.co/gYlKGWzrXo— zerohedge (@zerohedge) March 10, 2016

  21. Flopot says:

    “Now they want them? Utterly incredible! Could they be thinking of taking the opportunity to put together their own slime Assad, in a (cracked) mirror, darkly?

    http://www.maxkeiser.com/2016/03/as-turkey-turns-totalitarian-eu-officials-move-to-accelerate-eu-membership-bid/

    @YoLithos

    Why is Assad a “slime”?

  22. Flopot says:

    You’d think that Obama, Erdo, Cameron (and all the complicit Euro vassals), the Saudi f**ks and Bibi “The King” would be the slimes for destabilizing and invading a prosperous and stable secular state…but no, you explicitly label Assad.

    Are you a Zionist slimeball?

  23. Flopot says:

    I was just peeking in and saw the YoLithos bulls**t and so couldn’t let it go. Doh!

  24. Vonda Bra says:

    @ Flopot

    thanks for stopping by … great pleasure!! :-)

  25. Flopot says:

    Hi Vonda. Thanks and you’re welcome.

    I think YoLithos has deflected criticism about Soros (dismissed as “conspiracy theories”); hinted that the Partition of Syria is a good thing; and now Assad is a “slime”.

    I am sensitive about the issue because (as usual) I was a brainf**ked Westerner about the whole Zionist narrative — so I don’t like to be brainwashed any-more and take offense at YoLithos’ ongoing passive-aggressive Zionism.

  26. poopysnot says:

    Wolf Richter – The Economic Bubbles Are Leaking And Once They Pop, Game Over
    https://www.youtube.com/watch?v=X0bMwbN4OxMhttps://www.youtube.com/watch?v=X0bMwbN4OxM
    X22Report Spotlight – Mar 10, 2016

  27. Youri Carma says:

    Keiser Report: Loss of National Inheritance (E886) with Allyson Pollock https://www.youtube.com/watch?v=BnjZPr9Q5I8

  28. Youri Carma says:

    Draghi Delivers “Here Is The Bazooka” Press Conference As Central Banks Make Last Stand http://www.zerohedge.com/news/2016-03-10/draghi-delivers-bazooka-presser-central-banks-make-last-stand

  29. Youri Carma says:

    DRAGHI

    The ECB’s Embarrassing Inflation Forecast Implodes
    http://www.zerohedge.com/news/2016-03-10/ecbs-embarrassing-inflation-forecast-implodes

    This Is The $1 Trillion In European IG Bonds Which The ECB Is Now Buying http://www.zerohedge.com/news/2016-03-10/%E2%82%AC16-trillion-european-ig-bonds-which-ecb-now-buying

    Draghi Blew It – Euro, Stocks Retrace Bazooka Bounce
    http://www.zerohedge.com/news/2016-03-10/draghi-blew-it-euro-stocks-retrace-bazooka-bounce

    Did Draghi Just Blow His Bazooka’s Wad: Gold Soars, EUR Spikes, Stocks Slump http://www.zerohedge.com/news/2016-03-10/did-draghi-just-blow-his-bazookas-wad-sends-gold-soars-eur-spikes

    Draghi Delivers The Bazooka: ECB Announces Surprise Refi, Marginal Rate Cuts; Boosts QE To €80BN, Adds IG Bonds http://www.zerohedge.com/news/2016-03-10/draghi-whips-out-bazooka-ecb-announces-surprise-refi-marginal-lending-rate-cuts-boos

  30. Youri Carma says:

    U.S.

    Jobless Claims Joke Chart Of The Day
    http://www.zerohedge.com/news/2016-03-10/jobless-claims-joke-chart-day

    Why US Automaker Stocks Are Underperforming (In 1 Simple Chart)
    http://www.zerohedge.com/news/2016-03-09/why-us-automaker-stocks-are-underperforming-1-simple-chart

    STOCKS

    “It’s A Bloodbath” – Dow Dumps 300 Points, US Equities At One-Week Lows http://www.zerohedge.com/news/2016-03-10/its-bloodbath-dow-dumps-300-points-us-equities-one-week-lows

    DAX Crashes 500 Points From Draghi Highs
    http://www.zerohedge.com/news/2016-03-10/dax-crashes-500-points-draghi-highs

    Goldman Turns Bearish: “Relief Rally Was Too Fast, We Do Not Feel Comfortable Taking More Risk” http://www.zerohedge.com/news/2016-03-10/goldman-turns-bearish-relief-rally-was-too-fast-we-do-not-feel-comfortable-taking-mo

  31. Youri Carma says:

    U.S. TREASURIES

    US Treasury Yields Jump As Europeans Dump Bunds
    http://www.zerohedge.com/news/2016-03-10/us-treasury-yields-jump-europeans-dump-bunds

    US Treasury Curve Collapses To Dec 2008 Lows
    http://www.zerohedge.com/news/2016-03-10/us-treasury-curve-collapses-dec-2008-lows

    OIL

    Oil Plunges As OPEC/NOPEC “Freeze Production” Meeting Reportedly Unlikely To Happen http://www.zerohedge.com/news/2016-03-10/oil-plunges-opecnopec-freeze-production-meeting-reportedly-unlikely-happen

    Crude Curve Collapse Signals Producers Losing Faith In Oil Recovery http://www.zerohedge.com/news/2016-03-10/crude-curve-collapse-signals-producers-losing-faith-oil-recovery

    Draghi Delivers “Here Is The Bazooka” Press Conference As Central Banks Make Last Stand http://www.zerohedge.com/news/2016-03-10/draghi-delivers-bazooka-presser-central-banks-make-last-stand

  32. Youri Carma says:

    CHINA

    China Proposes Unprecedented Nationalization Of Insolvent Companies: Banks Will Equitize Non-Performing Loans http://www.zerohedge.com/news/2016-03-10/china-proposes-unprecedented-nationalization-insolvent-companies-banks-will-equitize

    STOCKS

    Do Any Of The Current Rallies Pass “The Sniff Test”? (Spoiler Alert: No!) http://www.zerohedge.com/news/2016-03-10/do-any-current-rallies-pass-sniff-test-spolier-alert-no

  33. Youri Carma says:

    Terrible Tim on the Rense Show 8th March 2016
    https://www.youtube.com/watch?v=QOUTX_T1R6k

  34. swell says:

    Decision theory

    https://en.wikipedia.org/wiki/Decision_theory

    cf. Poker AI

    Algorithm

    “The algorithm we employ to compute our strategy is a variant of counterfactual regret minimization (CFR) (Zinkevich et al. 2007). CFR is an iterative algorithm which computes a strategy for each player at each iteration. The final strategy is the average of the strategies computed at each iteration.”

    https://www.aaai.org/ocs/index.php/WS/AAAIW13/paper/viewFile/7044/6479

  35. swell says:

    https://twitter.com/maryjofoley/status/707987845986848768

    Yes, of course I’ll look and check again to see if there’s something perhaps I may have overlooked or missed.

  36. Flopot says:

    There’s that f**ked up dialectic again ;)

    YoLithos then Swell then YoLithos etc…

  37. swell says:

    “The greater the truth, the greater the libel.” ~~Edward Law, 1st Baron of Ellenborough

  38. swell says:

    Data Collection and Measuring Instruments

    “Collecting data has the same purpose as taking a photograph. You want the picture to be as accurate a reflection of the real thing as possible (validity). You want the camera to deliver the same high-quality picture each time (reliability). You want the main subject clear, not fuzzy or overpowered by needless background (definition).

    “The first rule in data collection is to set the stage. You must define what you’re going to measure, which gets everything else out of the background.” ~~Gary Ward.High Risk Training.Managing Training Programs for High-Risk Occupations.Nichols Publishing.New York/London.1988.p170

  39. YoLithos says:

    Yes, @Flopot. Really
    That “our slime” quote was about Erdogan as a broken mirror negative of Assad. An “evil twin” parable, as it were.
    A bit too subtle and optimistic for some, perhaps. My bad, then. There’s a historical context to the phrase and some sociopolitical parallels apply which would make it rather obvious. Really.
    https://www.google.com.br/#q=%22he%27s+our%22+crook+OR++bastard

  40. Flopot says:

    Only in your head would calling someone a “slime” be subtle. So no, not real at all. The rest is just sophistry.

    So, what say you to the Zionism allegations I made?

  41. Flopot says:

    You have the floor, YoLithos? Will you answer the charge, or engage in passive-aggressive links or simply change the subject, as usual?

  42. YoLithos says:

    The “Bazooka” comments (@Youri Carma) sparked a flashback about a very similar incident with a neliberal (Typo, Typo… :) ), er sort of neoloberal caudilho styled president back in the early 90’s. One of his heavily mocked slogans was that “inflation is a tiger, and we have a rifle with only one bullet, we can’t afford to miss”, etc. He evidently ran on an anti-corruption and renewal platform. He was impeached for corruption and scandalous crony politics before the term was up. He then got re-elected to the senate and has recently said that he’s thinking of running again.

    History seems to be repeating itself there. @Susan and @others’ idea of a general base standard “script” being enacted continually seems to gain substance. Very little apparent improvisation, even among the Italian and the French, who ought to be expected to be more sophisticated in such matters. Could it be an instance of “respect” for the classics?

  43. YoLithos says:

    @Flopot
    Your baseless ravings are all your own @Flopot. I’ll keep to the factual, thank you. Bye.

  44. Flopot says:

    The factual being…Assad is “slime”? Lol.

  45. Flopot says:

    I look forward to your next attempt at Zionist subtlety.

  46. YoLithos says:

    And to think that I only popped in to offer some hopefully entertaining nostalgia. Which might interesting to see how it aged.

    2010 – Interesting comments, too.
    http://io9.gizmodo.com/5605762/financial-analyst-uncovers-unexplained-market-patterns-created-by-bots/

    https://duckduckgo.com/?q=Here+Comes+Everybody%3A+The+Power+of+Organizing+Without&t=canonical&ia=products

    The Mona Lisa genetic algorithm. 2008.
    http://rogeralsing.com/2008/12/09/genetic-programming-mona-lisa-faq/

    Another classic. 2010.
    “Computer Algorithm Can Recognize Sarcasm (Which Is Just Soooo Cool)”
    http://www.popsci.com/technology/article/2010-05/computer-algorithm-can-recognize-sarcasm-which-soooo-cool

    Be back later.

  47. Flopot says:

    Keep posting stuff like that Yo, and you’ll nae here from me.

    Post your Zio-bulls**t and I’ll bring the whine and cheese :D

  48. Flopot says:

    *hear