# Volatility on The No Agenda Show

Volatility comes up in 17 chapters across 17 episodes of The No Agenda Show, from January 2009 to August 2026.

- **Chapters:** 17
- **Episodes:** 17
- **Discussed:** January 2009 – August 2026
- **Related topics:** [Bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [Currency](https://search.noagendashow.net/topic/currency.md), [Donations](https://search.noagendashow.net/topic/donations.md), [Cryptocurrency](https://search.noagendashow.net/topic/cryptocurrency.md), [Oil Prices](https://search.noagendashow.net/topic/oil-prices.md), [Stock Market](https://search.noagendashow.net/topic/stock-market.md), [Algorithms](https://search.noagendashow.net/topic/algorithms.md), [Api](https://search.noagendashow.net/topic/api.md), [Apple](https://search.noagendashow.net/topic/apple.md), [Austin](https://search.noagendashow.net/topic/austin.md)

## Chapters 1–17 of 17

### David Pakman, Trump Media and High Frequency Trading

- **Episode:** [1891: We Need Memes!](https://search.noagendashow.net/episode/1891-we-need-memes.md)
- **Published:** 2026-08-02
- **Time:** 31:47–39:45
- **Transcript:** https://search.noagendashow.net/episode/1891-we-need-memes/chapter/david-pakman-trump-media-and-high-frequency-trading.md

Progressive commentator David Pakman detailed the financial implications of the Truth Social API, noting that Trump Media offers a discounted rate of $60,000 per month for three-year commitments. The discussion focuses on how high-frequency trading algorithms utilize millisecond advantages to execute trades based on market-moving announcements. The hosts speculate on the risks of AI misinterpreting typos in Trump's posts, which could lead to rapid financial losses.

Keywords: [david pakman](https://search.noagendashow.net/topic/david-pakman.md), [trump media](https://search.noagendashow.net/topic/trump-media.md), [truth social](https://search.noagendashow.net/topic/truth-social.md), [api](https://search.noagendashow.net/topic/api.md), [high frequency trading](https://search.noagendashow.net/topic/high-frequency-trading.md), [algorithms](https://search.noagendashow.net/topic/algorithms.md), [market volatility](https://search.noagendashow.net/topic/market-volatility.md)

### Energy Utility Liquidity Support, State Guarantees

- **Episode:** [1484: Do It For Ukraine](https://search.noagendashow.net/episode/1484-do-it-for-ukraine.md)
- **Published:** 2022-09-08
- **Time:** 20:45–23:07
- **Transcript:** https://search.noagendashow.net/episode/1484-do-it-for-ukraine/chapter/energy-utility-liquidity-support-state-guarantees.md

Energy utility companies and trading desks are facing liquidity crises due to extreme market volatility and high collateral requirements for futures contracts. The EU plans to update its framework to allow member states to provide rapid liquidity support and state guarantees. This intervention is seen as a taxpayer-funded bailout for highly leveraged energy traders.

Keywords: [liquidity](https://search.noagendashow.net/topic/liquidity.md), energy traders, state guarantees, [market volatility](https://search.noagendashow.net/topic/market-volatility.md), [bankruptcy](https://search.noagendashow.net/topic/bankruptcy.md)

### Global Oil Markets, Coronavirus Lockdown Demand

- **Episode:** [1333: Vaxxhole](https://search.noagendashow.net/episode/1333-vaxxhole.md)
- **Published:** 2021-03-28
- **Time:** 3:41–5:11
- **Transcript:** https://search.noagendashow.net/episode/1333-vaxxhole/chapter/global-oil-markets-coronavirus-lockdown-demand.md

Despite the Suez Canal blockage, global oil prices remain primarily influenced by the ongoing coronavirus pandemic and reduced demand caused by international lockdowns. While a minor price increase occurred recently, analysts suggest that significant market effects will only manifest if the canal remains obstructed for weeks rather than days.

Keywords: [oil prices](https://search.noagendashow.net/topic/oil-prices.md), [coronavirus](https://search.noagendashow.net/topic/coronavirus.md), [lockdowns](https://search.noagendashow.net/topic/lockdowns.md), [market volatility](https://search.noagendashow.net/topic/market-volatility.md), energy demand

### Political Fallout of the GameStop Trading Freeze

- **Episode:** [1317: Mutants](https://search.noagendashow.net/episode/1317-mutants.md)
- **Published:** 2021-02-01
- **Time:** 1:17:15–1:21:12
- **Transcript:** https://search.noagendashow.net/episode/1317-mutants/chapter/political-fallout-of-the-gamestop-trading-freeze.md

The White House has been cautious in its response to the GameStop situation, with Press Secretary Jen Psaki stating the economic team is monitoring the "market volatility." Critics have pointed out a potential conflict of interest, noting that Psaki's brother works for Citadel, one of the firms involved in the controversy. Retail investors continue to hold their positions, using the term "diamond hands" to signal their refusal to sell.

Keywords: [jen psaki](https://search.noagendashow.net/topic/jen-psaki.md), [citadel](https://search.noagendashow.net/topic/citadel.md), [robinhood](https://search.noagendashow.net/topic/robinhood.md), [market volatility](https://search.noagendashow.net/topic/market-volatility.md), [white house](https://search.noagendashow.net/topic/white-house.md)

### Stock Market Volatility and the VIX Index

- **Episode:** [1006: Congressional Jignitty](https://search.noagendashow.net/episode/1006-congressional-jignitty.md)
- **Published:** 2018-02-08
- **Time:** 21:52–24:09
- **Transcript:** https://search.noagendashow.net/episode/1006-congressional-jignitty/chapter/stock-market-volatility-and-the-vix-index.md

Financial analyst Stephanie Ruhle described the recent doubling of the VIX "fear index" as a devastating event for traders who were short on volatility. The market correction is discussed in the context of Janet Yellen handing over the Federal Reserve chairmanship to Jerome Powell and her subsequent comments regarding an "overheated" market.

Keywords: vix index, [stock market crash](https://search.noagendashow.net/topic/stock-market-crash.md), [stephanie ruhle](https://search.noagendashow.net/topic/stephanie-ruhle.md), [volatility](https://search.noagendashow.net/topic/volatility.md), [janet yellen](https://search.noagendashow.net/topic/janet-yellen.md)

### Bitcoin Volatility and Practicality for Podcast Donations

- **Episode:** [949: Bro_splosion](https://search.noagendashow.net/episode/949-bro-splosion.md)
- **Published:** 2017-07-23
- **Time:** 13:50–17:37
- **Transcript:** https://search.noagendashow.net/episode/949-bro-splosion/chapter/bitcoin-volatility-and-practicality-for-podcast-donations.md

The hosts debate the utility of Bitcoin for the value-for-value model, expressing skepticism due to its price volatility and the difficulty of paying rent with cryptocurrency. While some listeners advocate for Bitcoin as a way to bypass the banking system, the hosts prefer direct checks or traditional payment methods for operational stability.

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [cryptocurrency](https://search.noagendashow.net/topic/cryptocurrency.md), [donations](https://search.noagendashow.net/topic/donations.md), [payment systems](https://search.noagendashow.net/topic/payment-systems.md), [banking](https://search.noagendashow.net/topic/banking.md), [volatility](https://search.noagendashow.net/topic/volatility.md)

### Plunge Protection Team and Market Manipulation

- **Episode:** [934: Weaponized Tech](https://search.noagendashow.net/episode/934-weaponized-tech.md)
- **Published:** 2017-06-01
- **Time:** 2:21:28–2:29:14
- **Transcript:** https://search.noagendashow.net/episode/934-weaponized-tech/chapter/plunge-protection-team-and-market-manipulation.md

Investor Asher Edelman explains the "Plunge Protection Team," a group created under the Reagan administration to stabilize markets during crashes. Edelman suggests the team intervened the night of Trump's election to reverse a 600-point futures drop. The hosts discuss how this group, which includes the Fed and Treasury, operates without public records or audits.

Keywords: [plunge protection team](https://search.noagendashow.net/topic/plunge-protection-team.md), asher edelman, [stock market](https://search.noagendashow.net/topic/stock-market.md), vix, [volatility](https://search.noagendashow.net/topic/volatility.md)

### Bitcoin Volatility and Donation Policy

- **Episode:** [892: Foot Stomp](https://search.noagendashow.net/episode/892-foot-stomp.md)
- **Published:** 2017-01-08
- **Time:** 1:33:07–1:35:34
- **Transcript:** https://search.noagendashow.net/episode/892-foot-stomp/chapter/bitcoin-volatility-and-donation-policy.md

Adam Curry addresses persistent emails from listeners regarding Bitcoin, which recently spiked to $1,100 before dropping. He reiterates that the show does not accept Bitcoin donations because it is not a stable currency for paying operational costs like rent. Curry argues that the extreme volatility of Bitcoin makes it an investment vehicle rather than a functional currency, noting that a 10% overnight drop in the US dollar would signal a global catastrophe.

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [cryptocurrency](https://search.noagendashow.net/topic/cryptocurrency.md), [volatility](https://search.noagendashow.net/topic/volatility.md), [currency](https://search.noagendashow.net/topic/currency.md), [donations](https://search.noagendashow.net/topic/donations.md)

### Darrell Issa Encryption Theory, Non-Volatile Memory

- **Episode:** [804: Evidence Free Zone](https://search.noagendashow.net/episode/804-evidence-free-zone.md)
- **Published:** 2016-03-03
- **Time:** 1:44:03–1:48:24
- **Transcript:** https://search.noagendashow.net/episode/804-evidence-free-zone/chapter/darrell-issa-encryption-theory-non-volatile-memory.md

Congressman Darrell Issa, drawing on his background with Viper car alarms, questioned Director Comey on why the FBI cannot simply clone the iPhone's non-volatile memory to perform infinite brute-force attacks. Comey appeared unprepared for the technical specifics of the inquiry.

Keywords: [darrell issa](https://search.noagendashow.net/topic/darrell-issa.md), viper car alarm, non-volatile memory, [apple](https://search.noagendashow.net/topic/apple.md), [congress](https://search.noagendashow.net/topic/congress.md)

### Bitcoin Classification, EU Currency Ruling and IRS

- **Episode:** [772: Grim Math](https://search.noagendashow.net/episode/772-grim-math.md)
- **Published:** 2015-11-09
- **Time:** 2:47:04–2:49:29
- **Transcript:** https://search.noagendashow.net/episode/772-grim-math/chapter/bitcoin-classification-eu-currency-ruling-and-irs.md

The European Union has classified Bitcoin as a currency, providing it with more legitimacy despite its continued volatility. In contrast, the IRS in the United States does not recognize it as a currency, viewing it instead as property. The hosts discuss the long road ahead for Bitcoin to become a fully established global financial instrument.

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [european union](https://search.noagendashow.net/topic/european-union.md), [irs](https://search.noagendashow.net/topic/irs.md), [currency](https://search.noagendashow.net/topic/currency.md), [volatility](https://search.noagendashow.net/topic/volatility.md)

### North Korean Cyber Threat, Mr. Robot TV Series

- **Episode:** [726: Weather Whiplash](https://search.noagendashow.net/episode/726-weather-whiplash.md)
- **Published:** 2015-05-31
- **Time:** 2:43:58–2:47:24
- **Transcript:** https://search.noagendashow.net/episode/726-weather-whiplash/chapter/north-korean-cyber-threat-mr-robot-tv-series.md

Defectors from North Korea claim the regime's military hacking units could destroy entire cities through cyberattacks. The hosts dismiss these claims as propaganda designed to support cybersecurity legislation. They also recommend a new television series, "Mr. Robot," which depicts a psychopathic hacker and is set to premiere on the USA Network.

Keywords: [north korea](https://search.noagendashow.net/topic/north-korea.md), [hacking](https://search.noagendashow.net/topic/hacking.md), [cybersecurity](https://search.noagendashow.net/topic/cybersecurity.md), [mr robot](https://search.noagendashow.net/topic/mr-robot.md), volatile cedar

### Bitcoin Volatility and the Silk Road Aftermath

- **Episode:** [567: Marketecture](https://search.noagendashow.net/episode/567-marketecture.md)
- **Published:** 2013-11-21
- **Time:** 1:40:40–1:45:31
- **Transcript:** https://search.noagendashow.net/episode/567-marketecture/chapter/bitcoin-volatility-and-the-silk-road-aftermath.md

Bitcoin's price volatility is discussed following congressional hearings on virtual currencies. The hosts argue that the extreme price swings prevent it from being a stable currency. They also debunk the idea that the Silk Road offered "cheap" drugs, claiming that the escrow and Bitcoin conversion costs made illicit purchases significantly more expensive than street prices.

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [silk road](https://search.noagendashow.net/topic/silk-road.md), [volatility](https://search.noagendashow.net/topic/volatility.md), [currency](https://search.noagendashow.net/topic/currency.md), [mt gox](https://search.noagendashow.net/topic/mt-gox.md), [bitpay](https://search.noagendashow.net/topic/bitpay.md)

### Market Manipulation, Deutsche Bank Encounter

- **Episode:** [556: Vape like a Ninja](https://search.noagendashow.net/episode/556-vape-like-a-ninja.md)
- **Published:** 2013-10-13
- **Time:** 45:56–49:48
- **Transcript:** https://search.noagendashow.net/episode/556-vape-like-a-ninja/chapter/market-manipulation-deutsche-bank-encounter.md

Adam Curry shares an anecdote about meeting a Deutsche Bank executive at a spin class in Austin. When the banker asked if Curry was an "end the Fed" supporter, Curry jokingly pivoted to advocating for even more quantitative easing to avoid social awkwardness. The hosts discuss the "pump and dump" nature of current markets, where political theater is used to create volatility that benefits institutional investors.

Keywords: [pump and dump](https://search.noagendashow.net/topic/pump-and-dump.md), [market volatility](https://search.noagendashow.net/topic/market-volatility.md), [deutsche bank](https://search.noagendashow.net/topic/deutsche-bank.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [austin](https://search.noagendashow.net/topic/austin.md), [spin class](https://search.noagendashow.net/topic/spin-class.md)

### Bitcoin Subreddit Suicide Hotline, Personal Donation Impact

- **Episode:** [503: Ninjas in Mongolia](https://search.noagendashow.net/episode/503-ninjas-in-mongolia.md)
- **Published:** 2013-04-11
- **Time:** 12:48–15:22
- **Transcript:** https://search.noagendashow.net/episode/503-ninjas-in-mongolia/chapter/bitcoin-subreddit-suicide-hotline-personal-donation-impact.md

The Bitcoin subreddit reportedly considered posting suicide hotline information due to the emotional distress caused by the market crash. A personal anecdote illustrates the danger of accepting Bitcoin donations for business expenses like rent, noting that a 60% drop in value would be catastrophic for operations. The hosts confirm they have removed Bitcoin as a donation option to ensure financial stability.

Keywords: [reddit](https://search.noagendashow.net/topic/reddit.md), suicide hotline, [donations](https://search.noagendashow.net/topic/donations.md), [financial loss](https://search.noagendashow.net/topic/financial-loss.md), [volatility](https://search.noagendashow.net/topic/volatility.md)

### Bitcoin Volatility, Show Outro

- **Episode:** [498: Obey the Giant Voice System!](https://search.noagendashow.net/episode/498-obey-the-giant-voice-system.md)
- **Published:** 2013-03-24
- **Time:** 2:32:38–2:38:18
- **Transcript:** https://search.noagendashow.net/episode/498-obey-the-giant-voice-system/chapter/bitcoin-volatility-show-outro.md

The episode concludes with a discussion on Bitcoin's extreme volatility, noting its fluctuation between $60 and $70. The hosts remain skeptical of the currency's intrinsic value, joking about "Bitcoin ham radio" transfers. They remind listeners of the upcoming 500th episode and the "value for value" support model before signing off with a clip from "Seconds to Spare."

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [max keiser](https://search.noagendashow.net/topic/max-keiser.md), [volatility](https://search.noagendashow.net/topic/volatility.md), [ham radio](https://search.noagendashow.net/topic/ham-radio.md), [value for value](https://search.noagendashow.net/topic/value-for-value.md)

### Oil Market Speculation, Domestic Production Psychology

- **Episode:** [275: The New Normal](https://search.noagendashow.net/episode/275-the-new-normal.md)
- **Published:** 2011-02-03
- **Time:** 31:11–37:21
- **Transcript:** https://search.noagendashow.net/episode/275-the-new-normal/chapter/oil-market-speculation-domestic-production-psychology.md

The discussion shifts to the difference between oil company interests and stock market speculators. While speculators profit from price volatility, oil companies prefer the stability of domestic "money machines" where they control the supply. The hosts argue that the psychology of the market would calm instantly if the U.S. committed to returning to 1970s-level production of 10 million barrels per day.

Keywords: oil speculation, [stock market](https://search.noagendashow.net/topic/stock-market.md), domestic drilling, [energy security](https://search.noagendashow.net/topic/energy-security.md), price volatility

### Oil Price Predictions, Bandwagon Jumping Claims

- **Episode:** [64: Carbon Credits and the CIA](https://search.noagendashow.net/episode/64-carbon-credits-and-the-cia.md)
- **Published:** 2009-01-03
- **Time:** 7:34–10:06
- **Transcript:** https://search.noagendashow.net/episode/64-carbon-credits-and-the-cia/chapter/oil-price-predictions-bandwagon-jumping-claims.md

A host addresses criticism regarding past predictions of oil reaching $200 a barrel when the price was actually $126. The discussion touches on the concept of being a "bandwagon jumper" in both financial markets and sports. Correspondence from the "East Coast Research Division" is mentioned in relation to these shifting market stances.

Keywords: [oil prices](https://search.noagendashow.net/topic/oil-prices.md), cary lutz, [market volatility](https://search.noagendashow.net/topic/market-volatility.md), sports fans, [investment](https://search.noagendashow.net/topic/investment.md)

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