• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Rick Santelli Uncut (And GE Turbofan Commercial Free)

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Sat, 07/03/2010 - 16:16 | 450885 Carl Marks
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Makes too much sense. Must be wrong.

Sun, 07/04/2010 - 06:00 | 451437 Popo
Popo's picture

On Keyensianism he could be even more clear:

Here's Keynesianism in a nutshell:  When times are good, government has to save.  When times are bad, government has to spend.

A work of genius, it is not.

The problem with the jackasses running the show right now is that they forgot the first part and now they're trying to implement the second.  They forgot the 'saving' part, and they're attempting the 'spending' part. That of course, is retarded -- and only produces unsustainable compound debt.

To be fair, Keynes gets a bad rap because the dim bulbs in power today claim to be Keynesians.  They are not, and never have been.  The only word for the current fiscal philosophy is one of "utter irresponsibility".   Bernanke has a big green flashing button marked "Spend", and he slaps it whenever he gets into trouble... then he yammers on about the "art" of central banking...  What a douche.


Sun, 07/04/2010 - 09:14 | 451509 overmedicatedun...
overmedicatedundersexed's picture

Po, I have not seen you post here on zzzzhhh,

so perhaps you have missed a few points:

a. gov leaders always need a crisis so times are always BAD.

b. saving in good times has no current benefit to your voters, how do you justify that you belong in DC? The next guy will bring home the bacon.

c. so simple if you would think about who is in gov ..not angels. so simple Keynesianism in our system of gov is unworkable and leads to QE2 and 3 ....

stay in the real world please.We here at ZH value that, above all else.

Sun, 07/04/2010 - 09:33 | 451519 economicmorphine
economicmorphine's picture

There's nothing wrong with his post.  It's certainly preferable to posts from pompous jackasses who lecture other posters on what to post, for example.  The fact of the matter is he's right.  

Sun, 07/04/2010 - 09:57 | 451528 anarchitect
anarchitect's picture

He's right, but so is the response, because it explains why politicians will never save when times are good. That makes the response even more insightful and useful than the original post.

Sun, 07/04/2010 - 10:21 | 451537 overmedicatedun...
overmedicatedundersexed's picture

as hard as TD and many here on ZH try to remove bias from our views and post what

evidence there is for what is true vs manipulated data or facts or preconceptions, many will cling to long held ideas no matter how much the objective data refutes them..

the human condition..socialists ..if stalin was only a pure communist it would have worked..

as for kensyians: we will keep the faith no matter how many times it fails.

the founding fathers did not put much faith in "those who seek to govern are angels"

when you assign almost absolute power to others why expect to get anything other than what human nature predicts: there are many more sociopaths than angels in any current population of those seeking power.

Tue, 07/06/2010 - 12:22 | 454497 mdwagner
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Keynes also said that too large of a trade deficit will lead to permanent recession.

Sat, 07/03/2010 - 15:06 | 450887 wagefreedom
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Oh for the day when a guy so marginalized by CNBC can have more of a platform. Thanks for this.

Sat, 07/03/2010 - 16:31 | 450947 Enkidu
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Sat, 07/03/2010 - 20:26 | 451113 russki standart
russki standart's picture

Never happen. GE, aka CNBC, is a financial  services firm in the business of selling stock and carbon credits. Santelli is a guiding light in a sea of mediocrity,  but the first and last purpose of CNBC is to promote GE views via soft porn stars and stock hypesters.

Mon, 07/05/2010 - 15:31 | 453318 A Nanny Moose
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Wait a second...wasn't NBC sold to Comcast?

Sat, 07/03/2010 - 15:10 | 450889 Cognitive Dissonance
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I suspect the only reason Rick remains employed by CNBC is because he brings some credibility to the network. I keep CNBC running on my desktop all day with the volume off........except when I notice Rick is speaking. Then the volume is immediately turned on and I pay attention. I suspect since my TV is tuned to CNBC for the entire business day, I'm measured as a viewer. I know of a number of other independent brokers who do the same thing.

It just kills me to think that I might just be one of many who are keeping CNBC alive and kicking. Please CNBC, fire Rick so your network can die the natural death it deserves

Sat, 07/03/2010 - 15:38 | 450914 RockyRacoon
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I also have CNBC on all the time.  There are cherries to pick now and then, but Santelli always gets my attention.  For a possible scenario, just see how Dylan Ratigan's career changed for basically the same philosophy diversions.  (Not necessarily the same ideas, just the dissonance of viewpoints compared to the network as an entity.)

Sat, 07/03/2010 - 15:41 | 450916 ZeroPower
ZeroPower's picture

Word. Have CNBC playing on mute like most ppl, usually turn it up to hear Santelli and if perhaps Schiff, Grasso, Gartman, or one of the PimpCos are on. Strategy session's not bad either. Fast Money's half decent.

Oh anyone know what Jeff Macke is up to? Youtube Macke Attack and enjoy:)

Sat, 07/03/2010 - 20:14 | 451092 Spitzer
Spitzer's picture

i thought strategy session was lame as fuck. I like Kudlow

Sun, 07/04/2010 - 08:34 | 451491 Nikki
Nikki's picture

Kudlow ?. Surely you are trying to be a provocateur Spitzer. I wish I had the YouTube link of him and (f)Art Laffer ripping on Peter Schiff's housing/banking doom scenario.... That came to be.

Kudlow is a buffoon, a clod, a clown, charlatan, hypster, con man.... Or as most ZH readers would say... Ass Clown.

Mon, 07/05/2010 - 20:38 | 453639 RockyRacoon
RockyRacoon's picture

Kudlow is my best contra-indicator.  He has, however, lately admitted that gold is becoming an important currency.  So, he can't be all wrong -- just 90% wrong.

Sat, 07/03/2010 - 15:47 | 450920 Mark McGoldrick
Mark McGoldrick's picture

I do the exact same thing. 

I have my back to the television virtually all day with low volume - except for Rick's commentary. For that brief minute, I actually pay attention to CNBC.   

He always makes sense, and I never feel like I'm being sold an agenda.  Just unfiltered, sensible, honest market commentary.  Why is that so fucking difficult?


Sat, 07/03/2010 - 16:27 | 450942 hayleecomet
hayleecomet's picture

Touche', CD.   I went from muting CNBC straight to Bloomberg on mute.  Even though I miss Santelli, I couldn't take LOOKING at that station with their octi-boxes and tight titti-sweaters.  They should all be sent to the cartoon network.

ZH should take a poll on how many people keep CNBC tuned in with the mute button.  LOL.

Sat, 07/03/2010 - 22:17 | 451206 SPONGE
SPONGE's picture

+1 for the mute.

   It's just a stream  for some instant market info. without taking up a computer screen

Sun, 07/04/2010 - 00:40 | 451342 FEDbuster
FEDbuster's picture

That Mandy gal is easy on the eyes, she and Rick should go to FOX.

Sat, 07/03/2010 - 18:30 | 451022 Treeplanter
Treeplanter's picture

I do the same.  CNBC is useful for the changing numbers display and worth hearing when Rick is on.   

Sat, 07/03/2010 - 19:13 | 451045 lynnybee
lynnybee's picture

removed / i goofed .


Sat, 07/03/2010 - 20:20 | 451107 Arius
Arius's picture

simon is good too...

Sat, 07/03/2010 - 20:30 | 451114 russki standart
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Quoting CD: Please CNBC, fire Rick so your network can die the natural death it deserves


Amen, Brother. Let us pray...

Sun, 07/04/2010 - 03:09 | 451388 laughing_swordfish
laughing_swordfish's picture

Same Here.

Here at DKM Trading Division we are Bloomberg subscribers but I have a monitor in my office tuned to CNBS with the sound muted.

Santelli (and DR) are the only ones I crank the volume for - except to laugh at Cramer when he's really contrary to all sense and logic.

He's always good for a laugh at the end of the day - and I instruct the younger men to listen carefully to what he has to say and be careful to do the opposite.


KrvtKpt. laughing swordfish

DKM Trading Division



Sat, 07/03/2010 - 15:12 | 450890 Alcoholic Nativ...
Alcoholic Native American's picture

"Having rapidly become the only person worth listening to on CNBC"

lol, aint that the truth, though I do like looking at Erin Burnett on mute.

Sat, 07/03/2010 - 15:17 | 450899 knukles
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Liz Clayman on Fox

Sat, 07/03/2010 - 15:33 | 450909 Alcoholic Nativ...
Alcoholic Native American's picture

I don't watch FOX, Haven't checked out their business channel, local cable monopoly doesn't offer it, but the regular FOX, I can't decide if they are trying to insult my intelligence or disgust me.  Same could be said for most MSM nowadays though.

Sat, 07/03/2010 - 15:43 | 450917 ZeroPower
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Mandy 'Whatever' Drury ftw

Sat, 07/03/2010 - 18:08 | 451012 Miss Expectations
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You've forced me to say this.  Look closely at Rick, I think he has, uhhh, quite a package.

Sat, 07/03/2010 - 15:13 | 450892 Rick64
Rick64's picture

Santelli is never one to pull punches. Speaks what he believes, a straightshooter.

Sat, 07/03/2010 - 17:06 | 450970 Mitchman
Mitchman's picture

Dear Scooby,

Your owner either obviously forgot to pick up after you or he needs a bigger pooper scooper.

Sat, 07/03/2010 - 22:53 | 451239 Rick64
Rick64's picture

I am guessing that you disagree. Why I don't know but maybe you should stop watching cartoons and state your reasoning.

Sat, 07/03/2010 - 19:21 | 451052 homersimpson
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Scooby lay off the doobies and stop talking out of your ass.

Sat, 07/03/2010 - 22:50 | 451236 Rick64
Rick64's picture

Who is Scooby and why are you listening to my ass?

Sat, 07/03/2010 - 23:31 | 451276 Scooby Dooby Doo
Scooby Dooby Doo's picture

Homer wants to hear you play your horn.

Sat, 07/03/2010 - 15:15 | 450896 King_of_simpletons
King_of_simpletons's picture

November 2 ?? Then what ?? Rotation of the crooks batallion from assholes to buttholes

Sat, 07/03/2010 - 16:15 | 450936 buzlightening
buzlightening's picture

LOL King?  Maybe mix it enough the powers that be do not know who to bribe in the CONgress/SINate for globilzation and eventual world rule; after 11/2!!  Still enough AmeriCON'd the beautiful to take we the peoples choice award from these rat basturds who call dead head fed goons selves; a representation of free people!!  

Sat, 07/03/2010 - 17:55 | 451004 juangrande
juangrande's picture

What if everyone voted for candidates from one of the small independent parties regardless of your opinion of them?  No Dems. no Repubs. Just the clusterfuck that would happen while special interests scrambled to "inform" the newbies and the learning time needed to become a "politician" might buy some extra time for folks to wake up! I mean it couldn't be any worse than it is now, right?

Sat, 07/03/2010 - 18:36 | 451024 Treeplanter
Treeplanter's picture

Lindsay Graham wants the Tea Party to die off.  Yeah, anyone with independence drives them crazy. Imagine a huge audit of investment banks, the Fed, Treasury...   And prosecutions to follow.  It may take a national bankruptcy to get there.  

Sat, 07/03/2010 - 20:50 | 451134 russki standart
russki standart's picture

What Lindsay Graham really wants is to get his hands on the WH pages..

Sat, 07/03/2010 - 21:25 | 451162 traderjoe
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Agree - the one thing he's got wrong is that the Tea Party will have any impact in the current environment. The Corporations will never let anyone but either of the two/same parties get elected. And the sheeple don't really want to upset the Apple cart too much. Not yet anyway. 

Sat, 07/03/2010 - 21:54 | 451184 Temporalist
Temporalist's picture

I don't believe it's about electing someone from a different party but rather choosing someone from any party that they have the power to influence electing.

Sun, 07/04/2010 - 11:04 | 451575 New_Meat
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"The Corporations will never let anyone but either of the two/same parties get elected. And the sheeple don't really want to upset the Apple cart too much. Not yet anyway."

Bob McDonnell (VA), Chris Cristie (NJ), Scott Brown (MA), Bob Bennett (UT).  We know it is a small sample size, but do you see any correlation in here?

- Ned

Sun, 07/04/2010 - 11:34 | 451609 Bananamerican
Bananamerican's picture

Aye lad! There all Scottsmen!

(is that it??)

Mon, 07/05/2010 - 17:50 | 453498 New_Meat
New_Meat's picture

Tromso, Norway, Feb. '83 SAS Royal Hotel (after a couple of weeks in the snow):

Charles (a Captain in 45 Commando): "Lass, I'd like some whiskey".

Waitress: "Yes Sir, American or Canadian?"

Charles: "No, Lass, you'd say Scotch."

Waitress: "Yes Sir, would you like that with water or soda?"

Charles: "No, lass."

Waitress: "Would you like that on the rocks?"

Charles: "Lassie, that's still fooking water."


- Ned


Sat, 07/03/2010 - 21:46 | 451177 Psquared
Psquared's picture

Our only hope is gridlock.

Sat, 07/03/2010 - 15:16 | 450897 knukles
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It's the Bond Guys Always Make Sense, when they're not the market or talking book.

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