# Goldman Sachs on The No Agenda Show Goldman Sachs comes up in 249 chapters across 214 episodes of The No Agenda Show, from June 2008 to June 2026. - **Chapters:** 249 - **Episodes:** 214 - **Discussed:** June 2008 – June 2026 - **Related topics:** [Greece](https://search.noagendashow.net/topic/greece.md), [Barack Obama](https://search.noagendashow.net/topic/barack-obama.md), [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Hillary Clinton](https://search.noagendashow.net/topic/hillary-clinton.md), [Aig](https://search.noagendashow.net/topic/aig.md), [Timothy Geithner](https://search.noagendashow.net/topic/timothy-geithner.md), [Sec](https://search.noagendashow.net/topic/sec.md), [Oil Prices](https://search.noagendashow.net/topic/oil-prices.md), [Wall Street](https://search.noagendashow.net/topic/wall-street.md), [Insider Trading](https://search.noagendashow.net/topic/insider-trading.md) ## Chapters 1–20 of 249 ### AI Companies Tapping Bond Markets Amid Cash Depletion - **Episode:** [1879: Grace and Assurance](https://search.noagendashow.net/episode/1879-grace-and-assurance.md) - **Published:** 2026-06-21 - **Time:** 1:43:25–1:45:47 - **Transcript:** https://search.noagendashow.net/episode/1879-grace-and-assurance/chapter/ai-companies-tapping-bond-markets-amid-cash-depletion.md Major tech companies including Nvidia, Oracle, and Meta are increasingly turning to the bond market to fund a projected $750 billion AI infrastructure buildout. Goldman Sachs reports that free cash flow in the tech sector is at its lowest level since the dot-com era due to massive capital expenditures. This shift toward debt financing suggests that even the "giants" of tech are becoming more sensitive to interest rates and federal policy. Keywords: [nvidia](https://search.noagendashow.net/topic/nvidia.md), [oracle](https://search.noagendashow.net/topic/oracle.md), [meta](https://search.noagendashow.net/topic/meta.md), [openai](https://search.noagendashow.net/topic/openai.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [bond market](https://search.noagendashow.net/topic/bond-market.md), ai buildout ### Anecdote Regarding New York Banker and Austin Visit - **Episode:** [1860: micro-dosing](https://search.noagendashow.net/episode/1860-micro-dosing.md) - **Published:** 2026-04-16 - **Time:** 18:51–19:42 - **Transcript:** https://search.noagendashow.net/episode/1860-micro-dosing/chapter/anecdote-regarding-new-york-banker-and-austin-visit.md A host recalls a 2010 encounter in Austin with a former New York banker who claimed victory over British banks. The anecdote serves as a reflection on past financial predictions and the cyclical nature of banking power dynamics. Keywords: [austin](https://search.noagendashow.net/topic/austin.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [banking](https://search.noagendashow.net/topic/banking.md), [anecdote](https://search.noagendashow.net/topic/anecdote.md), british banks ### Corporate Resignations, Epstein File Fallout, Global Distrust - **Episode:** [1845: Slave Slab](https://search.noagendashow.net/episode/1845-slave-slab.md) - **Published:** 2026-02-22 - **Time:** 30:04–33:27 - **Transcript:** https://search.noagendashow.net/episode/1845-slave-slab/chapter/corporate-resignations-epstein-file-fallout-global-distrust.md A wave of resignations and public scrutiny has hit high-profile figures named in the Epstein files, including Brad Karp of Paul and Weiss and Kathy Rumler of Goldman Sachs. International figures such as former Norwegian Prime Minister Thorbjørn Jagland and French politician Jack Lang are also implicated. These revelations have contributed to a global collapse of trust in government institutions and corporate leadership. Keywords: brad karp, kathy rumler, [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [howard lutnick](https://search.noagendashow.net/topic/howard-lutnick.md), thorbjørn jagland, [globalism](https://search.noagendashow.net/topic/globalism.md) ### Casey Wasserman Resignation, Kathy Ruemler Goldman Sachs Exit - **Episode:** [1843: Token Muncher](https://search.noagendashow.net/episode/1843-token-muncher.md) - **Published:** 2026-02-15 - **Time:** 1:26:56–1:32:20 - **Transcript:** https://search.noagendashow.net/episode/1843-token-muncher/chapter/casey-wasserman-resignation-kathy-ruemler-goldman-sachs-exit.md Casey Wasserman, chair of the LA 2028 Olympics, is stepping back from his business following the discovery of flirtatious emails to Ghislaine Maxwell. Similarly, former Obama White House counsel Kathy Ruemler is resigning from Goldman Sachs due to her personal ties to Epstein. Ruemler reportedly headed the bank's "reputational risk committee," a detail the hosts find highly ironic. Keywords: casey wasserman, kathy ruemler, [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [olympics](https://search.noagendashow.net/topic/olympics.md), [ghislaine maxwell](https://search.noagendashow.net/topic/ghislaine-maxwell.md), [obama administration](https://search.noagendashow.net/topic/obama-administration.md) ### Ed Zitron, Probabilistic AI Models and Software Booms - **Episode:** [1735: Old Bag](https://search.noagendashow.net/episode/1735-old-bag.md) - **Published:** 2025-02-02 - **Time:** 2:40:50–2:43:04 - **Transcript:** https://search.noagendashow.net/episode/1735-old-bag/chapter/ed-zitron-probabilistic-ai-models-and-software-booms.md Tech critic Ed Zitron argues that current AI models are merely probabilistic "guessing" machines with no actual knowledge or consciousness. He compares the AI hype cycle to previous booms like smartphones and cloud computing, noting that the enterprise level has a very low tolerance for the mistakes these models frequently make. Keywords: [ed zitron](https://search.noagendashow.net/topic/ed-zitron.md), [ai](https://search.noagendashow.net/topic/ai.md), probabilistic models, [chatgpt](https://search.noagendashow.net/topic/chatgpt.md), [silicon valley](https://search.noagendashow.net/topic/silicon-valley.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md) ### Net Zero Banking Alliance, ESG Backlash, and Trump 2.0 - **Episode:** [1729: Algo Chasers](https://search.noagendashow.net/episode/1729-algo-chasers.md) - **Published:** 2025-01-12 - **Time:** 1:10:42–1:15:30 - **Transcript:** https://search.noagendashow.net/episode/1729-algo-chasers/chapter/net-zero-banking-alliance-esg-backlash-and-trump-2-0.md Major American financial institutions, including Goldman Sachs, Citigroup, and JP Morgan Chase, have withdrawn from the Net Zero Banking Alliance. Analysts suggest these banks are retreating from ESG (Environmental, Social, and Governance) commitments due to political pressure and the "fear of Trump 2.0." While European banks continue to pursue net-zero goals, the hosts argue that the U.S. is shifting back toward fossil fuels to secure cheaper energy. Keywords: [mark carney](https://search.noagendashow.net/topic/mark-carney.md), net zero banking alliance, [esg](https://search.noagendashow.net/topic/esg.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [jp morgan chase](https://search.noagendashow.net/topic/jp-morgan-chase.md) ### University Education Bias, Pete Hegseth Media Reaction - **Episode:** [1716: Silver Buckshot](https://search.noagendashow.net/episode/1716-silver-buckshot.md) - **Published:** 2024-11-28 - **Time:** 2:28:52–2:35:59 - **Transcript:** https://search.noagendashow.net/episode/1716-silver-buckshot/chapter/university-education-bias-pete-hegseth-media-reaction.md The discussion turns to the perceived elitism in higher education, with the hosts rejecting the notion that university-educated voters are inherently "smarter." They also mock MSNBC host Stephanie Ruhle for repeatedly mispronouncing the name of Trump's Defense Secretary pick, Pete Hegseth, and the media's fixation on his "Jerusalem Cross" tattoo. Keywords: [victor davis hanson](https://search.noagendashow.net/topic/victor-davis-hanson.md), [cal berkeley](https://search.noagendashow.net/topic/cal-berkeley.md), [pete hegseth](https://search.noagendashow.net/topic/pete-hegseth.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [stephanie ruhle](https://search.noagendashow.net/topic/stephanie-ruhle.md) ### AI Investment Bubble, Silicon Valley "Hype" Playbook - **Episode:** [1686: Publical](https://search.noagendashow.net/episode/1686-publical.md) - **Published:** 2024-08-15 - **Time:** 2:48:40–2:53:14 - **Transcript:** https://search.noagendashow.net/episode/1686-publical/chapter/ai-investment-bubble-silicon-valley-hype-playbook.md Financial analysts from Goldman Sachs and Sequoia Capital have issued warnings that the current AI boom may be a speculative bubble. Reports indicate that OpenAI could lose $5 billion this year, while the industry as a whole needs to generate $600 billion in revenue to achieve profitability. Critics argue Silicon Valley is following a familiar "hype" playbook used previously for self-driving cars, crypto, and the metaverse. Keywords: [artificial intelligence](https://search.noagendashow.net/topic/artificial-intelligence.md), [nvidia](https://search.noagendashow.net/topic/nvidia.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [silicon valley](https://search.noagendashow.net/topic/silicon-valley.md), [tech bubble](https://search.noagendashow.net/topic/tech-bubble.md) ### AI Tech Bubble, Infrastructure Overinvestment - **Episode:** [1684: No Guff](https://search.noagendashow.net/episode/1684-no-guff.md) - **Published:** 2024-08-08 - **Time:** 2:50:54–2:53:21 - **Transcript:** https://search.noagendashow.net/episode/1684-no-guff/chapter/ai-tech-bubble-infrastructure-overinvestment.md Analysts from Goldman Sachs and Business Insider warn of a potential burst in the AI bubble. The discussion focuses on the massive capital expenditures by companies like Microsoft and Meta on GPU infrastructure versus the lack of immediate downstream financial benefits. Keywords: [artificial intelligence](https://search.noagendashow.net/topic/artificial-intelligence.md), [tech bubble](https://search.noagendashow.net/topic/tech-bubble.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [gpus](https://search.noagendashow.net/topic/gpus.md), [microsoft](https://search.noagendashow.net/topic/microsoft.md) ### Goldman Sachs Skepticism on AI Investment and Costs - **Episode:** [1678: Stolen Cookies](https://search.noagendashow.net/episode/1678-stolen-cookies.md) - **Published:** 2024-07-18 - **Time:** 1:37:43–1:41:43 - **Transcript:** https://search.noagendashow.net/episode/1678-stolen-cookies/chapter/goldman-sachs-skepticism-on-ai-investment-and-costs.md A Goldman Sachs podcast highlighted concerns that the projected $1 trillion investment in AI infrastructure may not solve a problem large enough to justify the cost. Analysts noted that unlike previous technology shifts like e-commerce or Uber, which were cheaper than the solutions they replaced from day one, AI remains an extremely expensive solution attempting to replace low-cost labor. This high cost-base challenges the "revisionist history" that all technology starts expensive and naturally becomes affordable. Keywords: [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [artificial intelligence](https://search.noagendashow.net/topic/artificial-intelligence.md), [infrastructure](https://search.noagendashow.net/topic/infrastructure.md), [e-commerce](https://search.noagendashow.net/topic/e-commerce.md), [investment](https://search.noagendashow.net/topic/investment.md) ### AI Investment Skepticism, Goldman Sachs and NVIDIA - **Episode:** [1673: Mummy and the Dummy](https://search.noagendashow.net/episode/1673-mummy-and-the-dummy.md) - **Published:** 2024-06-30 - **Time:** 2:28:39–2:34:13 - **Transcript:** https://search.noagendashow.net/episode/1673-mummy-and-the-dummy/chapter/ai-investment-skepticism-goldman-sachs-and-nvidia.md Goldman Sachs released a report expressing skepticism about the return on investment for AI technology, citing high costs and limited practical applications. Meanwhile, CoreWeave and NVIDIA are promoting new chips for specialized uses like computational fluid dynamics in Formula One racing. Critics argue that using trillion-dollar AI infrastructure just to make race cars faster suggests a lack of broad utility for the technology. Keywords: [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [nvidia](https://search.noagendashow.net/topic/nvidia.md), [ai](https://search.noagendashow.net/topic/ai.md), coreweave, [formula one](https://search.noagendashow.net/topic/formula-one.md), computational fluid dynamics ### Chicago Climate Exchange and Obama's Involvement - **Episode:** [1663: Climate Change Special](https://search.noagendashow.net/episode/1663-climate-change-special.md) - **Published:** 2024-05-23 - **Time:** 1:44:59–1:50:00 - **Transcript:** https://search.noagendashow.net/episode/1663-climate-change-special/chapter/chicago-climate-exchange-and-obama-s-involvement.md Investors Business Daily is cited for an article titled "The 10 Trillion Dollar Climate Fraud," which details the origins of the Chicago Climate Exchange. The hosts highlight that Barack Obama served on the board of the Joyce Foundation, which provided the initial grant money for the exchange. They also report on the CME Group's $604 million acquisition of the Climate Exchange, suggesting the move is intended to hide the scheme within a larger corporate structure. Keywords: [chicago climate exchange](https://search.noagendashow.net/topic/chicago-climate-exchange.md), [barack obama](https://search.noagendashow.net/topic/barack-obama.md), joyce foundation, [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [cme group](https://search.noagendashow.net/topic/cme-group.md), [carbon trading](https://search.noagendashow.net/topic/carbon-trading.md) ### Ozempic Affordability, Medicare Coverage Debate - **Episode:** [1649: Stay Alarmed](https://search.noagendashow.net/episode/1649-stay-alarmed.md) - **Published:** 2024-04-07 - **Time:** 2:23:54–2:27:38 - **Transcript:** https://search.noagendashow.net/episode/1649-stay-alarmed/chapter/ozempic-affordability-medicare-coverage-debate.md Goldman Sachs predicts that 15 million U.S. adults will be using weight loss drugs by 2030, especially as they are studied for treating cardiovascular issues and sleep apnea. However, the high cost—often $1,000 a month—remains a barrier, as most insurance companies and Medicare do not currently provide coverage. Some states, including North Carolina, have rolled back coverage due to the extreme budgetary impact. Keywords: [ozempic](https://search.noagendashow.net/topic/ozempic.md), [medicare](https://search.noagendashow.net/topic/medicare.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [north carolina](https://search.noagendashow.net/topic/north-carolina.md), [cardiovascular](https://search.noagendashow.net/topic/cardiovascular.md) ### Gold Price Forecast and Nigel Farage Commentary - **Episode:** [1648: Red Book Special](https://search.noagendashow.net/episode/1648-red-book-special.md) - **Published:** 2024-04-04 - **Time:** 13:27–15:11 - **Transcript:** https://search.noagendashow.net/episode/1648-red-book-special/chapter/gold-price-forecast-and-nigel-farage-commentary.md A bold prediction is made that gold will reach $2,750 per ounce, supported by comments from Nigel Farage regarding the instability of Western finances. Farage suggests that the 2008 banking crisis was merely deferred and that the Eurozone crisis could drive gold prices significantly higher, potentially doubling from their current levels. Keywords: [gold](https://search.noagendashow.net/topic/gold.md), [silver](https://search.noagendashow.net/topic/silver.md), [nigel farage](https://search.noagendashow.net/topic/nigel-farage.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [eurozone crisis](https://search.noagendashow.net/topic/eurozone-crisis.md), [banking crisis](https://search.noagendashow.net/topic/banking-crisis.md) ### Checkmark Recovery Prediction, Hollywood Producer Credits - **Episode:** [1309: Vaxsaline](https://search.noagendashow.net/episode/1309-vaxsaline.md) - **Published:** 2024-03-07 - **Time:** 2:18:06–2:21:09 - **Transcript:** https://search.noagendashow.net/episode/1309-vaxsaline/chapter/checkmark-recovery-prediction-hollywood-producer-credits.md The hosts discuss their successful prediction of a "checkmark recovery" for the stock market, contrasting it with other predicted shapes like K or L. They also discuss the value of their executive producer credits, noting that unlike Hollywood, they treat their producers with respect. Listeners are encouraged to use their No Agenda credits on IMDB to establish their industry bona fides. Keywords: [stock market](https://search.noagendashow.net/topic/stock-market.md), [checkmark recovery](https://search.noagendashow.net/topic/checkmark-recovery.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [imdb](https://search.noagendashow.net/topic/imdb.md), [hollywood](https://search.noagendashow.net/topic/hollywood.md), [producers](https://search.noagendashow.net/topic/producers.md) ### GEM Scores, Gender Bias in Advertising - **Episode:** [1546: Cat Hole](https://search.noagendashow.net/episode/1546-cat-hole.md) - **Published:** 2023-04-13 - **Time:** 1:23:07–1:27:59 - **Transcript:** https://search.noagendashow.net/episode/1546-cat-hole/chapter/gem-scores-gender-bias-in-advertising.md The Association for National Advertisers is promoting the "GEM" (Gender Equality Measure) score to identify gender bias in media. Similar to ESG scores, high GEM scores are claimed to drive purchase intent and brand reputation. Major corporations like Citibank, Ford, and Unilever are utilizing these metrics in their advertising campaigns to target female consumers and demonstrate social alignment. Keywords: gem score, [advertising](https://search.noagendashow.net/topic/advertising.md), [gender bias](https://search.noagendashow.net/topic/gender-bias.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [marketing](https://search.noagendashow.net/topic/marketing.md) ### Douglas MacGregor, Global Financial Community War Motives - **Episode:** [1534: The Chit](https://search.noagendashow.net/episode/1534-the-chit.md) - **Published:** 2023-03-02 - **Time:** 1:04:50–1:10:10 - **Transcript:** https://search.noagendashow.net/episode/1534-the-chit/chapter/douglas-macgregor-global-financial-community-war-motives.md Colonel Douglas MacGregor argues that the war in Ukraine is driven by the global financial community and allies in London seeking to dismember the Russian state. MacGregor claims that Western interests, including Goldman Sachs, attempted to exploit Russia's vast mineral and energy resources in the 1990s before being expelled by Vladimir Putin. The hosts express skepticism toward MacGregor's "trope-heavy" rhetoric. Keywords: [douglas macgregor](https://search.noagendashow.net/topic/douglas-macgregor.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [nato](https://search.noagendashow.net/topic/nato.md), [wall street](https://search.noagendashow.net/topic/wall-street.md), [putin](https://search.noagendashow.net/topic/putin.md), [resources](https://search.noagendashow.net/topic/resources.md) ### Ursula von der Leyen, Ukraine Reconstruction and G7 Donor Platform - **Episode:** [1527: Grip & Grin](https://search.noagendashow.net/episode/1527-grip-grin.md) - **Published:** 2023-02-05 - **Time:** 35:37–39:44 - **Transcript:** https://search.noagendashow.net/episode/1527-grip-grin/chapter/ursula-von-der-leyen-ukraine-reconstruction-and-g7-donor-platform.md EU Commission President Ursula von der Leyen met with President Zelensky in Kiev to discuss the "fast recovery" and reconstruction of Ukraine. A G7 donors coordination platform has been established to manage international assistance and private investments from firms like BlackRock and Goldman Sachs. The EU aims to use frozen Russian public assets to fund these rebuilding efforts. Keywords: [ursula von der leyen](https://search.noagendashow.net/topic/ursula-von-der-leyen.md), [volodymyr zelensky](https://search.noagendashow.net/topic/volodymyr-zelensky.md), [g7](https://search.noagendashow.net/topic/g7.md), [blackrock](https://search.noagendashow.net/topic/blackrock.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [kiev](https://search.noagendashow.net/topic/kiev.md) ### Goldman Sachs Apple Card Losses and Subprime Lending - **Episode:** [1486: Truth Decay](https://search.noagendashow.net/episode/1486-truth-decay.md) - **Published:** 2022-09-15 - **Time:** 1:15:09–1:17:09 - **Transcript:** https://search.noagendashow.net/episode/1486-truth-decay/chapter/goldman-sachs-apple-card-losses-and-subprime-lending.md Goldman Sachs is experiencing a 2.93% net charge-off rate on the Apple Card, nearly double the rate of competitors like JPMorgan. Data reveals that 28% of Apple Card loans were issued to customers with FICO scores below 660, leading to significant defaults. Keywords: [apple card](https://search.noagendashow.net/topic/apple-card.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), fico scores, [credit card debt](https://search.noagendashow.net/topic/credit-card-debt.md), charge-off rate ### Speech Pathology Analysis, Joe Biden Stutter Claims - **Episode:** [1467: Ninja Variant](https://search.noagendashow.net/episode/1467-ninja-variant.md) - **Published:** 2022-07-10 - **Time:** 2:03:30–2:08:35 - **Transcript:** https://search.noagendashow.net/episode/1467-ninja-variant/chapter/speech-pathology-analysis-joe-biden-stutter-claims.md Dame Mariella, a speech-language pathologist, submits an evaluation of President Joe Biden's speech patterns. Using the Stuttering Severity Index, she argues that Biden does not have a true stutter but rather exhibits signs of age-related cognitive decline. The segment also addresses a disgruntled listener's email regarding the show's coverage of Ukraine and Goldman Sachs. Keywords: [joe biden](https://search.noagendashow.net/topic/joe-biden.md), [stuttering](https://search.noagendashow.net/topic/stuttering.md), speech pathology, dame mariella, [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md) [Next page](https://search.noagendashow.net/topic/goldman-sachs.md?offset=20) --- This is the markdown version of a page on The No Agenda Show for AI agents. Every public page on this site has one: add `.md` to its URL, or request it with `Accept: text/markdown`. - [Site index for agents (llms.txt)](https://search.noagendashow.net/llms.txt) - [Home](https://search.noagendashow.net/index.md) - [Search transcripts](https://search.noagendashow.net/search.md) - [All episodes](https://search.noagendashow.net/episodes.md) - [Topics](https://search.noagendashow.net/topics.md) - [People](https://search.noagendashow.net/people.md)