# Ubs on The No Agenda Show

Ubs comes up in 11 chapters across 11 episodes of The No Agenda Show, from March 2008 to December 2016.

- **Chapters:** 11
- **Episodes:** 11
- **Discussed:** March 2008 – December 2016
- **Related topics:** [Australia](https://search.noagendashow.net/topic/australia.md), [Hsbc](https://search.noagendashow.net/topic/hsbc.md), [Angela Merkel](https://search.noagendashow.net/topic/angela-merkel.md), [Apple Pay](https://search.noagendashow.net/topic/apple-pay.md), [Banking](https://search.noagendashow.net/topic/banking.md), [Banking Scandal](https://search.noagendashow.net/topic/banking-scandal.md), [Bond Market](https://search.noagendashow.net/topic/bond-market.md), [Cash](https://search.noagendashow.net/topic/cash.md), [Cashless Society](https://search.noagendashow.net/topic/cashless-society.md), [China](https://search.noagendashow.net/topic/china.md)

## Chapters 1–11 of 11

### India Demonetization, Global War on Cash

- **Episode:** [886: Exodus of Misery](https://search.noagendashow.net/episode/886-exodus-of-misery.md)
- **Published:** 2016-12-15
- **Time:** 2:00:54–2:06:02
- **Transcript:** https://search.noagendashow.net/episode/886-exodus-of-misery/chapter/india-demonetization-global-war-on-cash.md

India's Prime Minister Narendra Modi has demonetized 500 and 1,000 rupee notes, causing massive queues at banks and forcing millions to open digital accounts. Similar moves are being discussed in Australia, where UBS analysts suggest "turfing" the $100 bill. The hosts argue this is a global effort to eliminate physical currency, which will disproportionately harm the poor and increase government surveillance of all transactions.

Keywords: [narendra modi](https://search.noagendashow.net/topic/narendra-modi.md), [india](https://search.noagendashow.net/topic/india.md), rupee, [cash](https://search.noagendashow.net/topic/cash.md), [ubs](https://search.noagendashow.net/topic/ubs.md), [australia](https://search.noagendashow.net/topic/australia.md), [apple pay](https://search.noagendashow.net/topic/apple-pay.md)

### Australia Cashless Society, Citibank and UBS

- **Episode:** [879: Coup Cabal](https://search.noagendashow.net/episode/879-coup-cabal.md)
- **Published:** 2016-11-20
- **Time:** 2:27:38–2:29:22
- **Transcript:** https://search.noagendashow.net/episode/879-coup-cabal/chapter/australia-cashless-society-citibank-and-ubs.md

Citibank and UBS are pushing for a cashless society in Australia, calling for the elimination of $100 and $50 bills. The move is framed as "good for the economy," but critics argue it primarily benefits banks by giving them total control over consumer transactions.

Keywords: [australia](https://search.noagendashow.net/topic/australia.md), [cashless society](https://search.noagendashow.net/topic/cashless-society.md), [citibank](https://search.noagendashow.net/topic/citibank.md), [ubs](https://search.noagendashow.net/topic/ubs.md), [currency](https://search.noagendashow.net/topic/currency.md)

### HSBC Data Leaks, Edward Snowden, Swiss Bank Secrecy

- **Episode:** [816: Dehydrated in China](https://search.noagendashow.net/episode/816-dehydrated-in-china.md)
- **Published:** 2016-04-14
- **Time:** 2:44–7:43
- **Transcript:** https://search.noagendashow.net/episode/816-dehydrated-in-china/chapter/hsbc-data-leaks-edward-snowden-swiss-bank-secrecy.md

Connections are drawn between the 2008 HSBC whistleblower leak and the current Mossack Fonseca data breach. Evidence suggests that Edward Snowden was working in Switzerland during the period when major banking data was being compromised. The involvement of figures like James Comey, a former HSBC board member, points toward a coordinated effort by U.S. intelligence to dismantle Swiss banking privacy.

Keywords: [hsbc](https://search.noagendashow.net/topic/hsbc.md), [mossack fonseca](https://search.noagendashow.net/topic/mossack-fonseca.md), [edward snowden](https://search.noagendashow.net/topic/edward-snowden.md), [james comey](https://search.noagendashow.net/topic/james-comey.md), [ubs](https://search.noagendashow.net/topic/ubs.md)

### US Banking Competition, Panama Papers Geopolitics

- **Episode:** [815: Political Perp Walk](https://search.noagendashow.net/episode/815-political-perp-walk.md)
- **Published:** 2016-04-10
- **Time:** 19:20–25:36
- **Transcript:** https://search.noagendashow.net/episode/815-political-perp-walk/chapter/us-banking-competition-panama-papers-geopolitics.md

A theory is proposed that U.S. banks may benefit from the Panama Papers leak by weakening European competitors like HSBC, UBS, and Deutsche Bank. The hosts discuss how the Netherlands serves as a hub for Russian money and celebrity royalties. The segment suggests the leak serves as a "native ad" for doing business through the American financial system where data might be better protected.

Keywords: [hsbc](https://search.noagendashow.net/topic/hsbc.md), [ubs](https://search.noagendashow.net/topic/ubs.md), [credit suisse](https://search.noagendashow.net/topic/credit-suisse.md), [money laundering](https://search.noagendashow.net/topic/money-laundering.md), [netherlands](https://search.noagendashow.net/topic/netherlands.md)

### UBS Bond Market Reclassification, Bondpocalypse

- **Episode:** [486: Bondpocalypse](https://search.noagendashow.net/episode/486-bondpocalypse.md)
- **Published:** 2013-02-10
- **Time:** 1:34:16–1:37:18
- **Transcript:** https://search.noagendashow.net/episode/486-bondpocalypse/chapter/ubs-bond-market-reclassification-bondpocalypse.md

UBS is reportedly reclassifying conservative bond clients as "aggressive" investors to protect the bank from future lawsuits. This move is interpreted as a sign of an impending "Bondpocalypse" where bond prices may drop significantly as interest rates eventually rise.

Keywords: [ubs](https://search.noagendashow.net/topic/ubs.md), [bond market](https://search.noagendashow.net/topic/bond-market.md), [max keiser](https://search.noagendashow.net/topic/max-keiser.md), financial scandal, [interest rates](https://search.noagendashow.net/topic/interest-rates.md)

### UBS LIBOR Fine, Global Interest Rate Rigging

- **Episode:** [472: Conheads in Mexico](https://search.noagendashow.net/episode/472-conheads-in-mexico.md)
- **Published:** 2012-12-23
- **Time:** 2:37:20–2:40:02
- **Transcript:** https://search.noagendashow.net/episode/472-conheads-in-mexico/chapter/ubs-libor-fine-global-interest-rate-rigging.md

Swiss bank UBS was ordered to pay a $1.5 billion fine for its role in rigging the LIBOR interest rate. The bank admitted to wire fraud through its Tokyo branch. The hosts argue that the fine is a "slap on the wrist" compared to the trillions of dollars in transactions affected by the manipulation.

Keywords: [ubs](https://search.noagendashow.net/topic/ubs.md), [libor](https://search.noagendashow.net/topic/libor.md), [wire fraud](https://search.noagendashow.net/topic/wire-fraud.md), [banking scandal](https://search.noagendashow.net/topic/banking-scandal.md), [fannie mae](https://search.noagendashow.net/topic/fannie-mae.md)

### Predictions of European Conflict and German "Bad Guy" Narrative

- **Episode:** [362: Drone Journalism](https://search.noagendashow.net/episode/362-drone-journalism.md)
- **Published:** 2011-12-04
- **Time:** 1:14:41–1:20:31
- **Transcript:** https://search.noagendashow.net/episode/362-drone-journalism/chapter/predictions-of-european-conflict-and-german-bad-guy-narrative.md

Financial analysts at UBS Warburg suggest that fiat currency unions rarely break up without civil war or authoritarianism. The hosts discuss the possibility of a future "drone war" in Europe, noting that while current tensions are high, it would take years of propaganda to incite actual conflict between France and Germany. Angela Merkel is compared to a "Ferengi" character from Star Trek.

Keywords: ubs warburg, [trench warfare](https://search.noagendashow.net/topic/trench-warfare.md), [drones](https://search.noagendashow.net/topic/drones.md), [angela merkel](https://search.noagendashow.net/topic/angela-merkel.md), [propaganda](https://search.noagendashow.net/topic/propaganda.md)

### Pharmaceutical Industry Growth, Hulu Drug Ad Formats

- **Episode:** [139: Zombieland USA](https://search.noagendashow.net/episode/139-zombieland-usa.md)
- **Published:** 2009-10-15
- **Time:** 44:55–49:30
- **Transcript:** https://search.noagendashow.net/episode/139-zombieland-usa/chapter/pharmaceutical-industry-growth-hulu-drug-ad-formats.md

The pharmaceutical industry is seeing significant revenue growth, with drug sales in the U.S. expected to rise by nearly 5.5% despite the economic downturn. New advertising formats on streaming services like Hulu now include extended 75-second spots with scrolling text for side-effect disclaimers. Analysts from UBS and Credit Suisse note that major drug companies have implemented average price increases of 8.7% as they capitalize on public health concerns.

Keywords: [hulu](https://search.noagendashow.net/topic/hulu.md), [pharmaceuticals](https://search.noagendashow.net/topic/pharmaceuticals.md), drug advertising, ims health, [restless leg syndrome](https://search.noagendashow.net/topic/restless-leg-syndrome.md), [ubs](https://search.noagendashow.net/topic/ubs.md)

### Rating Agency Scams and Public Apathy

- **Episode:** [52: Solex](https://search.noagendashow.net/episode/52-solex.md)
- **Published:** 2008-10-19
- **Time:** 1:26:50–1:31:45
- **Transcript:** https://search.noagendashow.net/episode/52-solex/chapter/rating-agency-scams-and-public-apathy.md

The hosts criticize the role of rating agencies and Goldman Sachs in the financial crisis, calling the system a "scam." Dvorak shares a story about a college prank where students signed a petition to "end women's suffrage" without knowing what the word meant, illustrating a broader point about public apathy and lack of education.

Keywords: [ubs](https://search.noagendashow.net/topic/ubs.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), rating agencies, [illuminati](https://search.noagendashow.net/topic/illuminati.md), women's suffrage, [petitions](https://search.noagendashow.net/topic/petitions.md)

### Global Financial Crisis, Adjustable Rate Mortgages and UBS

- **Episode:** [23: Vasectomies and The Fountain of Youth](https://search.noagendashow.net/episode/23-vasectomies-and-the-fountain-of-youth.md)
- **Published:** 2008-03-23
- **Time:** 22:03–25:10
- **Transcript:** https://search.noagendashow.net/episode/23-vasectomies-and-the-fountain-of-youth/chapter/global-financial-crisis-adjustable-rate-mortgages-and-ubs.md

The subprime mortgage crisis has spread to Europe, affecting homeowners with high adjustable-rate mortgages and falling property values. Major institutions like the Swiss bank UBS have suffered due to complex derivatives trading and interconnected global markets. In Britain, the nationalized bank Northern Rock is drawing criticism for offering high-interest savings accounts that competitors cannot match.

Keywords: [financial crisis](https://search.noagendashow.net/topic/financial-crisis.md), [mortgages](https://search.noagendashow.net/topic/mortgages.md), [ubs](https://search.noagendashow.net/topic/ubs.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [northern rock](https://search.noagendashow.net/topic/northern-rock.md), [banking](https://search.noagendashow.net/topic/banking.md)

### European Banking Crisis, Sovereign Wealth Funds

- **Episode:** [19: Show Me the Money!](https://search.noagendashow.net/episode/19-show-me-the-money.md)
- **Published:** 2008-03-01
- **Time:** 52:34–56:49
- **Transcript:** https://search.noagendashow.net/episode/19-show-me-the-money/chapter/european-banking-crisis-sovereign-wealth-funds.md

Major European banks, including Societe Generale and UBS, are facing massive write-offs and leadership resignations. The discussion posits that Sovereign Wealth Funds from China and the Middle East are becoming the primary lenders of last resort. This shift is attributed partly to the regulatory burdens of Sarbanes-Oxley in the US and similar tax changes in the UK.

Keywords: societe generale, [ubs](https://search.noagendashow.net/topic/ubs.md), sovereign wealth funds, [china](https://search.noagendashow.net/topic/china.md), [sarbanes-oxley](https://search.noagendashow.net/topic/sarbanes-oxley.md)

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