# Derivatives on The No Agenda Show

Derivatives comes up in 56 chapters across 52 episodes of The No Agenda Show, from December 2007 to March 2023.

- **Chapters:** 56
- **Episodes:** 52
- **Discussed:** December 2007 – March 2023
- **Related topics:** [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Credit Default Swaps](https://search.noagendashow.net/topic/credit-default-swaps.md), [Fdic](https://search.noagendashow.net/topic/fdic.md), [Banking](https://search.noagendashow.net/topic/banking.md), [Dodd-frank](https://search.noagendashow.net/topic/dodd-frank.md), [Financial Crisis](https://search.noagendashow.net/topic/financial-crisis.md), [Greece](https://search.noagendashow.net/topic/greece.md), [Aig](https://search.noagendashow.net/topic/aig.md), [Bankers Trust](https://search.noagendashow.net/topic/bankers-trust.md), [Banking Reform](https://search.noagendashow.net/topic/banking-reform.md)

## Chapters 1–20 of 56

### Credit Suisse Bailout, Jason Calacanis Bank Run

- **Episode:** [1539: Putinoids](https://search.noagendashow.net/episode/1539-putinoids.md)
- **Published:** 2023-03-19
- **Time:** 2:41:20–2:45:16
- **Transcript:** https://search.noagendashow.net/episode/1539-putinoids/chapter/credit-suisse-bailout-jason-calacanis-bank-run.md

Credit Suisse received a massive liquidity injection from the Swiss Central Bank, supported by a $9 billion swap line from the U.S. Federal Reserve. Meanwhile, investor Jason Calacanis is blamed by some for inciting the run on Silicon Valley Bank through his social media posts. The hosts question the legality of encouraging bank runs and note that co-host Molly Wood has left Calacanis's program.

Keywords: [credit suisse](https://search.noagendashow.net/topic/credit-suisse.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [jason calacanis](https://search.noagendashow.net/topic/jason-calacanis.md), [silicon valley bank](https://search.noagendashow.net/topic/silicon-valley-bank.md), swiss central bank, [molly wood](https://search.noagendashow.net/topic/molly-wood.md)

### Central Bankers, Tokenizing Natural Capital

- **Episode:** [1503: Strung Out](https://search.noagendashow.net/episode/1503-strung-out.md)
- **Published:** 2022-11-13
- **Time:** 1:19:27–1:21:54
- **Transcript:** https://search.noagendashow.net/episode/1503-strung-out/chapter/central-bankers-tokenizing-natural-capital.md

At COP27, central bankers discussed a new asset class involving "natural capital," where resources like water, trees, and biodiversity are tokenized. The plan involves creating financial derivatives and a pricing curve for sequestered carbon to integrate nature into the global financial architecture.

Keywords: [central banks](https://search.noagendashow.net/topic/central-banks.md), carbon currency, natural capital, [biodiversity](https://search.noagendashow.net/topic/biodiversity.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md)

### Polio in UK Sewage, mRNA Transition Strategy

- **Episode:** [1462: HAARP at Home](https://search.noagendashow.net/episode/1462-haarp-at-home.md)
- **Published:** 2022-06-26
- **Time:** 35:58–38:33
- **Transcript:** https://search.noagendashow.net/episode/1462-haarp-at-home/chapter/polio-in-uk-sewage-mrna-transition-strategy.md

Health officials detected vaccine-derived polio virus type 2 in London sewage samples, the first sign of local spread since 2003. This outbreak is being used to argue for a total transition to mRNA technology to avoid "vaccine-derived" complications. There is further speculation that bird flu outbreaks and the culling of chickens are being used to intentionally disrupt the traditional egg-based vaccine supply chain.

Keywords: [polio](https://search.noagendashow.net/topic/polio.md), [london](https://search.noagendashow.net/topic/london.md), [mrna](https://search.noagendashow.net/topic/mrna.md), vaccine-derived polio, [bird flu](https://search.noagendashow.net/topic/bird-flu.md)

### Gates Foundation Meningitis, Malaria, and Polio Fiascos

- **Episode:** [1372: Grope Line](https://search.noagendashow.net/episode/1372-grope-line.md)
- **Published:** 2021-08-12
- **Time:** 1:10:03–1:13:26
- **Transcript:** https://search.noagendashow.net/episode/1372-grope-line/chapter/gates-foundation-meningitis-malaria-and-polio-fiascos.md

The hosts review several other controversial Gates Foundation initiatives, including a meningitis vaccine in Africa linked to paralysis and a malaria program criticized by the WHO for stifling scientific debate. They also highlight reports from 2017 and 2018 showing that the majority of new polio cases in some regions were actually vaccine-derived rather than wild-type.

Keywords: [meningitis](https://search.noagendashow.net/topic/meningitis.md), [malaria](https://search.noagendashow.net/topic/malaria.md), [polio](https://search.noagendashow.net/topic/polio.md), [gavi](https://search.noagendashow.net/topic/gavi.md), vaccine-derived polio

### Podcast Platform Terms, Licensing and Morality Clauses

- **Episode:** [1280: Deplatformed Duo](https://search.noagendashow.net/episode/1280-deplatformed-duo.md)
- **Published:** 2020-09-24
- **Time:** 10:07–15:37
- **Transcript:** https://search.noagendashow.net/episode/1280-deplatformed-duo/chapter/podcast-platform-terms-licensing-and-morality-clauses.md

Major platforms like Amazon Music, Google, and Stitcher are moving toward exclusive content and restrictive licensing agreements. These contracts often include "morality clauses" and grant platforms the right to modify, transcode, or create derivative works from podcast files. The No Agenda Show maintains a policy against signing such agreements to preserve editorial independence and avoid unauthorized monetization of their content.

Keywords: [stitcher](https://search.noagendashow.net/topic/stitcher.md), amazon music, [licensing](https://search.noagendashow.net/topic/licensing.md), derivative works, [terms of service](https://search.noagendashow.net/topic/terms-of-service.md)

### Elizabeth Warren on Derivatives, Dodd-Frank Rant

- **Episode:** [821: Manterruptors](https://search.noagendashow.net/episode/821-manterruptors.md)
- **Published:** 2016-05-01
- **Time:** 2:47:50–2:51:42
- **Transcript:** https://search.noagendashow.net/episode/821-manterruptors/chapter/elizabeth-warren-on-derivatives-dodd-frank-rant.md

Senator Elizabeth Warren delivers a speech to an empty Senate chamber regarding the dangers of $10 trillion in federally insured derivatives held by three major banks. She compares subprime mortgages to "hand grenades" and derivatives to "giant bombs" that threaten the economy. The hosts mock her dramatic delivery and the "empty room" tactics originally popularized by Newt Gingrich.

Keywords: [elizabeth warren](https://search.noagendashow.net/topic/elizabeth-warren.md), [dodd-frank](https://search.noagendashow.net/topic/dodd-frank.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [jp morgan](https://search.noagendashow.net/topic/jp-morgan.md), [citibank](https://search.noagendashow.net/topic/citibank.md), [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md)

### Climate Finance Instruments and Global Innovation Lab

- **Episode:** [777: Pop-Up Terrorism](https://search.noagendashow.net/episode/777-pop-up-terrorism.md)
- **Published:** 2015-11-29
- **Time:** 34:04–44:48
- **Transcript:** https://search.noagendashow.net/episode/777-pop-up-terrorism/chapter/climate-finance-instruments-and-global-innovation-lab.md

The financial mechanisms behind climate policy are explored, focusing on the Global Innovation Lab for Climate Finance. The "Climate Investor One" fund is identified as a vehicle for government-seeded investments in renewable energy in developing nations. The hosts criticize the "one big check" construction financing model and the use of complex financial instruments to guarantee returns for institutional investors.

Keywords: [climate finance](https://search.noagendashow.net/topic/climate-finance.md), global innovation lab, climate investor one, institutional investors, [derivatives](https://search.noagendashow.net/topic/derivatives.md)

### UNICEF AIDS Report and Energy Savings Insurance

- **Episode:** [777: Pop-Up Terrorism](https://search.noagendashow.net/episode/777-pop-up-terrorism.md)
- **Published:** 2015-11-29
- **Time:** 50:02–53:06
- **Transcript:** https://search.noagendashow.net/episode/777-pop-up-terrorism/chapter/unicef-aids-report-and-energy-savings-insurance.md

A UNICEF report stating that AIDS is the leading cause of death for African teenagers is contrasted with climate change narratives. The discussion returns to financial "scams," specifically "Energy Savings Insurance" and "Long-term Foreign Exchange Risk Management" instruments endorsed by the G7 to hedge currency risks in climate-relevant projects.

Keywords: [unicef](https://search.noagendashow.net/topic/unicef.md), [aids](https://search.noagendashow.net/topic/aids.md), [africa](https://search.noagendashow.net/topic/africa.md), energy savings insurance, [derivatives](https://search.noagendashow.net/topic/derivatives.md), [g7](https://search.noagendashow.net/topic/g7.md)

### Deutsche Bank Insolvency Rumors, Primates of Park Avenue

- **Episode:** [732: Psych!](https://search.noagendashow.net/episode/732-psych.md)
- **Published:** 2015-06-21
- **Time:** 26:29–32:29
- **Transcript:** https://search.noagendashow.net/episode/732-psych/chapter/deutsche-bank-insolvency-rumors-primates-of-park-avenue.md

Rumors circulate regarding the potential collapse of Deutsche Bank, with comparisons being drawn to the 2008 Lehman Brothers failure. The bank faces significant exposure to derivatives and was recently downgraded by S&P to Triple B Plus. The discussion references the book "Primates of Park Avenue," which details the culture of high-level Manhattan bankers and their "wife bonuses."

Keywords: [deutsche bank](https://search.noagendashow.net/topic/deutsche-bank.md), [lehman brothers](https://search.noagendashow.net/topic/lehman-brothers.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), primates of park avenue, co-ceos, s&p rating

### Deutsche Bank Resignations, Derivative Bomb Fears

- **Episode:** [729: About Face!](https://search.noagendashow.net/episode/729-about-face.md)
- **Published:** 2015-06-11
- **Time:** 1:06:15–1:09:59
- **Transcript:** https://search.noagendashow.net/episode/729-about-face/chapter/deutsche-bank-resignations-derivative-bomb-fears.md

The resignation of two co-CEOs at Deutsche Bank has sparked rumors of a massive "derivative bomb" within the bank's $73 trillion portfolio. This financial news coincided with the PBS NewsHour leading its broadcast with stock market updates, which is often seen as a precursor to a crash. The ongoing Greek debt crisis continues to add pressure to the global financial system.

Keywords: [deutsche bank](https://search.noagendashow.net/topic/deutsche-bank.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [stock market](https://search.noagendashow.net/topic/stock-market.md), [greece](https://search.noagendashow.net/topic/greece.md), [news hour](https://search.noagendashow.net/topic/news-hour.md), [financial crisis](https://search.noagendashow.net/topic/financial-crisis.md)

### Oil Price Crash, Storage Capacity and Hedging

- **Episode:** [705: Lying Weasels](https://search.noagendashow.net/episode/705-lying-weasels.md)
- **Published:** 2015-03-19
- **Time:** 2:19:20–2:22:43
- **Transcript:** https://search.noagendashow.net/episode/705-lying-weasels/chapter/oil-price-crash-storage-capacity-and-hedging.md

Oil prices have dropped below $50 a barrel, leading trading companies to store excess supply in "tank farms" in hopes of a future price increase. The hosts explain that many oil companies are still profitable because they "hedged" their production with futures contracts at higher prices last year. They predict a further price crash once these hedges expire in the summer and storage capacity is fully exhausted.

Keywords: [oil prices](https://search.noagendashow.net/topic/oil-prices.md), [fracking](https://search.noagendashow.net/topic/fracking.md), hedging, [futures contracts](https://search.noagendashow.net/topic/futures-contracts.md), storage tanks, [derivatives](https://search.noagendashow.net/topic/derivatives.md)

### Foreign Fighters, Intelligence Failures and Global Banking Dominance

- **Episode:** [695: Democritate](https://search.noagendashow.net/episode/695-democritate.md)
- **Published:** 2015-02-12
- **Time:** 57:05–1:00:29
- **Transcript:** https://search.noagendashow.net/episode/695-democritate/chapter/foreign-fighters-intelligence-failures-and-global-banking-dominance.md

U.S. intelligence reports indicate that 20,000 foreign fighters, including 150 Americans, have joined militants in Syria. Skepticism is expressed regarding the NSA's inability to track these individuals despite widespread surveillance. The broader geopolitical strategy is characterized as a combination of global banking dominance and the authority to conduct drone strikes anywhere in the world.

Keywords: [foreign fighters](https://search.noagendashow.net/topic/foreign-fighters.md), [nsa](https://search.noagendashow.net/topic/nsa.md), [intelligence](https://search.noagendashow.net/topic/intelligence.md), [banking](https://search.noagendashow.net/topic/banking.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md)

### Goldman Sachs, Greek Debt Origins and Business Bankruptcy Anecdotes

- **Episode:** [690: Win by a Gyp](https://search.noagendashow.net/episode/690-win-by-a-gyp.md)
- **Published:** 2015-01-25
- **Time:** 15:08–18:25
- **Transcript:** https://search.noagendashow.net/episode/690-win-by-a-gyp/chapter/goldman-sachs-greek-debt-origins-and-business-bankruptcy-anecdotes.md

The hosts discuss the role of Goldman Sachs in using derivatives to help Greece hide its debt levels to meet Eurozone entry requirements. They critique the "free money" mindset that led to wasted infrastructure projects in Portugal and Spain. A personal anecdote is shared regarding how business debts and rent are often renegotiated in the private sector, contrasting it with the rigid stance taken by German creditors.

Keywords: [goldman sacks](https://search.noagendashow.net/topic/goldman-sacks.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [portugal](https://search.noagendashow.net/topic/portugal.md), [spain](https://search.noagendashow.net/topic/spain.md), [debt restructuring](https://search.noagendashow.net/topic/debt-restructuring.md)

### ECB Bond Structures, Banking Union and Derivative Backing

- **Episode:** [690: Win by a Gyp](https://search.noagendashow.net/episode/690-win-by-a-gyp.md)
- **Published:** 2015-01-25
- **Time:** 24:54–27:28
- **Transcript:** https://search.noagendashow.net/episode/690-win-by-a-gyp/chapter/ecb-bond-structures-banking-union-and-derivative-backing.md

The conversation returns to the structure of European Central Bank bonds and the creation of a banking union. The hosts discuss recent U.S. legislation that allows the FDIC to back certain banking derivatives, effectively shifting the risk of a $300 trillion global derivative market onto taxpayers. They characterize the current financial system as a series of "scams" designed to enrich elites.

Keywords: [ecb](https://search.noagendashow.net/topic/ecb.md), member states, [derivatives](https://search.noagendashow.net/topic/derivatives.md), [fdic](https://search.noagendashow.net/topic/fdic.md), [banking union](https://search.noagendashow.net/topic/banking-union.md)

### Banking Crisis, Derivatives and Dodd-Frank

- **Episode:** [678: Sir London Foley Presents](https://search.noagendashow.net/episode/678-sir-london-foley-presents.md)
- **Published:** 2014-12-14
- **Time:** 2:01:50–2:05:02
- **Transcript:** https://search.noagendashow.net/episode/678-sir-london-foley-presents/chapter/banking-crisis-derivatives-and-dodd-frank.md

A conversation with a former New York banker suggests that the rollback of Dodd-Frank regulations regarding derivatives is a strategic move to ensure U.S. banking dominance. The insider claims that allowing banks to keep swaps in separate entities will protect the system during the "next crisis" while potentially sacrificing individual institutions. The perspective frames financial deregulation as a tool for international economic warfare against European banks.

Keywords: [dodd-frank](https://search.noagendashow.net/topic/dodd-frank.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [banking crisis](https://search.noagendashow.net/topic/banking-crisis.md), [citibank](https://search.noagendashow.net/topic/citibank.md), [financial regulation](https://search.noagendashow.net/topic/financial-regulation.md)

### Campaign Finance, Dodd-Frank and Derivatives Risk

- **Episode:** [677: 99 Lines of Code](https://search.noagendashow.net/episode/677-99-lines-of-code.md)
- **Published:** 2014-12-11
- **Time:** 1:34:40–1:39:54
- **Transcript:** https://search.noagendashow.net/episode/677-99-lines-of-code/chapter/campaign-finance-dodd-frank-and-derivatives-risk.md

The new spending bill includes a tenfold increase in campaign donation limits, a move that benefits major media outlets through increased political advertising. Additionally, the bill rolls back key provisions of the Dodd-Frank Act, shifting the risk for trillions of dollars in derivatives swaps to the FDIC. This change effectively places taxpayers on the hook for potential bank meltdowns similar to the 2008 financial crisis.

Keywords: [john boehner](https://search.noagendashow.net/topic/john-boehner.md), [campaign finance](https://search.noagendashow.net/topic/campaign-finance.md), [dodd-frank](https://search.noagendashow.net/topic/dodd-frank.md), [fdic](https://search.noagendashow.net/topic/fdic.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [aig](https://search.noagendashow.net/topic/aig.md)

### Derivatives Rules, Basel III, and Chinese Currency Hubs

- **Episode:** [607: Big Sandy](https://search.noagendashow.net/episode/607-big-sandy.md)
- **Published:** 2014-04-10
- **Time:** 1:53:01–1:55:31
- **Transcript:** https://search.noagendashow.net/episode/607-big-sandy/chapter/derivatives-rules-basel-iii-and-chinese-currency-hubs.md

Bloomberg reports that international banking standards (Basel III) have been softened, representing a victory for big banks dealing in the $300 trillion derivatives market. Simultaneously, Frankfurt has established itself as a major trading hub for the Chinese Renminbi (RMB). The hosts discuss the ongoing shift away from the US dollar as the sole global reserve currency and the rise of Chinese financial influence in Europe.

Keywords: [derivatives](https://search.noagendashow.net/topic/derivatives.md), basel iii, [renminbi](https://search.noagendashow.net/topic/renminbi.md), [frankfurt](https://search.noagendashow.net/topic/frankfurt.md), [imf](https://search.noagendashow.net/topic/imf.md)

### EU Credit Downgrade and Global Financial Instability

- **Episode:** [576: Mysterious Erratic](https://search.noagendashow.net/episode/576-mysterious-erratic.md)
- **Published:** 2013-12-22
- **Time:** 2:49:38–2:55:18
- **Transcript:** https://search.noagendashow.net/episode/576-mysterious-erratic/chapter/eu-credit-downgrade-and-global-financial-instability.md

Standard & Poor's downgraded the European Union's credit rating from AAA to AA+. Simultaneously, the CFTC admitted to a "glitch" that resulted in the underreporting of the swaps market by $55 trillion. These events, combined with falling gold prices and a volatile stock market, suggest a significant financial "reset" may occur in the near future.

Keywords: standard and poor's, [european union](https://search.noagendashow.net/topic/european-union.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [cftc](https://search.noagendashow.net/topic/cftc.md), [gold](https://search.noagendashow.net/topic/gold.md)

### HR 992, Swaps Push Out Bill, Citigroup

- **Episode:** [561: Neuroelasticity](https://search.noagendashow.net/episode/561-neuroelasticity.md)
- **Published:** 2013-10-31
- **Time:** 13:24–22:01
- **Transcript:** https://search.noagendashow.net/episode/561-neuroelasticity/chapter/hr-992-swaps-push-out-bill-citigroup.md

The House of Representatives debated HR 992, known as the Swaps Push Out Bill, which seeks to repeal Section 716 of the Dodd-Frank Act. Representative David Scott of Georgia advocated for the bill, which would allow banks to keep their $712 trillion derivatives exposure within FDIC-insured entities. Critics argue this effectively forces taxpayers to backstop potential bank failures, specifically benefiting Citigroup.

Keywords: hr 992, [dodd-frank act](https://search.noagendashow.net/topic/dodd-frank-act.md), [fdic](https://search.noagendashow.net/topic/fdic.md), [citigroup](https://search.noagendashow.net/topic/citigroup.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), david scott

### Detroit Financial Crisis, Emergency Manager Takeover

- **Episode:** [496: Shoot Look Shoot](https://search.noagendashow.net/episode/496-shoot-look-shoot.md)
- **Published:** 2013-03-17
- **Time:** 1:17:34–1:20:17
- **Transcript:** https://search.noagendashow.net/episode/496-shoot-look-shoot/chapter/detroit-financial-crisis-emergency-manager-takeover.md

Detroit's financial crisis is compared to the situation in Greece and Cyprus, with the state government appointing an emergency manager to oversee the city. The analysis suggests the takeover is driven by the need to pay off derivative debts and credit default swaps to major banks like Goldman Sachs.

Keywords: [detroit](https://search.noagendashow.net/topic/detroit.md), emergency manager, [bankruptcy](https://search.noagendashow.net/topic/bankruptcy.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md)

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