On this episode of the Keiser Report, Max and Stacy discuss how negative rates are rewriting the rules of modern finance, which has been built on the Black-Scholes model. As time must have a value for many of the pricing models to work, it is more difficult to price risk accurately. In the second half, Max continues his conversation with Mark Yusko of Morgan Creek Capital. In this segment, they discuss illogical and crazy negative interest rates as evidence of kleptocracy, and why it is also a good reason to ‘get off zero’ in relation to bitcoin.
