Santelli On False Dictatorships And Fed Exit Strategies

Tyler Durden's picture

In a little under three minutes, CNBC's Rick Santelli clarifies (in a much-needed manner) that we do not live in a monarchy or dictatorship (hoping for benevolence) - no matter how many Democratic senators and congressmen believe the President was given a mandate leaving him "holding all the cards" - we live in a republic (where the sovereignty rests with all individuals) and removing 'debt ceiling' checks and balances (for example) is a ride down a slippery slope. The chagrined Chicagoan then goes on to discuss the fact that the Fed, having unloaded another package of potentially infinite unsterilized money-printing, was actively discussing its exit strategy. Put simply, Santelli notes, "mark my words" the market will decide that exit - and the Fed had better be ready when it comes.


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Bansters-in-my- feces's picture

So... Silver gets HAMMERED by the terrorist and the FED. Terrorist being the USA Gov.Tres,Exchange Stabilization Fund and Benny is acting agent of said TERRORIST fund.

Fuck YOU's...all

Thisson's picture

Who gives a shit about paper prices?

youngman's picture

I wonder how long our dollar would last if you gave every adult in this country a printing press where they could print their own might give them a 30 minute couse in monetary policy..and let em rip.....I think with the morals of this country there would be trillions printed in minutes as the people think they deserve them its "earned" free money...

HoaX's picture

Even they would find it hard to keep with the Bernank. Would be a nice experiment though. Who prints faster, Ben or 30 million Americans.

I know who I´d bet on.

Dave Thomas's picture

I'd print enough for more linnen and another 10 printing presses!

Donlast's picture

Joe Six Pack has no idea what is going on and all those MIT Phd's know it. They know they rule supreme and they know the politicos, who are mostly as ignorant as your average voter, and if not obtuse, at least bought off to keep silent, will never challenge them.  

centerline's picture

I'd wager most politicians that make it that far are damn smart.  But, the wrong sort of smarts.  And the wrong mix of drivers (ego, sociopathy, etc.).  The perfect stooges perharps.

toomanyfakeconservatives's picture

Joe Six Pack knows exactly what is going on. Just about every current and former member of the U.S. military knows what is going on. Revolution is in the air.

haskelslocal's picture

He should have just run out that exit.

Confundido's picture


Contra_Man's picture

Banksters don't need a real economy, or need real employment, interest or even inflation if Congress allows them to survive (w/faux earnings = stock buy-backs) on Central Banksters stealing taxpayer money (QE 89.9 Lite) IMHO.

clagr's picture

Hypothetical. What would happen if the Fed, simply for a buck, gave back to Treasury all the US debt it is holding? Yea, yea, The Fed's balance sheet would be terribly negative, but who cares (not its owners!). Would the US debt drop by that $2 trillion?

Thisson's picture

It would just mean $2T more they could borrow before the collapse occurs.

PaperBear's picture

Article I (Section 9 Clause 8) - the pansy ass Title of Nobility clause
"No title of nobility shall be granted by the United States: and no person holding any office of profit or trust under them, shall, without the consent of the Congress, accept of any present, emolument, office, or title, of any kind whatever, from any king, prince, or foreign state."

Is it not the case that all Americans are already fully noble and this clause intends to ensure that there should never be any American either of a higher social standing or of a lower social standing ?

The 1st through 10th amendments were enacted in 1791, the 11th amendment was enacted in 1795 and the 12th amendment was enacted in 1804 but then some time around 1812 the original 13th amendment was enacted.

The Original 13th Article of Amendment - title of nobility = loss of citizenship/office ... an improvement on pansy ass
"'If any citizen of the United States shall accept, claim, receive, or retain any title of nobility or honour, or shall without the consent of Congress, accept and retain any present, pension, office, or emolument of any kind whatever, from any emperor, king, prince, or foreign power, such person shall cease to be a citizen of the United States, and shall be incapable of holding any office of trust or profit under them, or either of them.'"

A republic, if you can kep it. And this amendment would have kept the Republic a Republic.

If the original 13th amendment was hidden by the political classes of the last 170 years, what the hell else has been hidden ?

I do believe this is the only part of the Constitution that specifies a penalty and a pretty powerful one at that. I am reminded of what Samuel Adams said: 'If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen'.  Bribery and corruption has indeed led to the downfall of the Republic.

Virginia’s 1819 copy of the Constitution with real 13th Amendment (page 17)


"The Governor of New Hampshire received a letter from the Governor of Virginia announcing the legislative proceedings of the Virginia General Assembly on the Titles of Nobility amendment proposed by Congress and the letter was subsequently passed down to the New Hampshire Senate in June of 1812."

The (imposter) 13th amendment (1865)
"Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction."

I fully consider everything that has emanated from Washington D.C. since 1865 to be completely compromised.

"The term “BAR” is an acronym for British Accredited Registry [see comments below].  These snakes are in fact working for the Crown of England.  And that is why the gold fringed flags are in the courtrooms.  It signifies admiralty jurisdiction* [maritime law], which is another way of saying British jurisdiction [England is a maritime nation].  When you cross the bar in a courtroom, you are entering a British colonial forum."

The current American generation have the opportunity to PERSONALLY follow in the footsteps of John Hancock, President of the Continental Congress, two future presidents, Thomas Jefferson and John Adams, and the other fifty-three signers of the 1776 Declaration.

"Prior to my interview with Teri and Dennis, I was aware of the deception and corruption committed by United States of America Corporation against its own people, but not to the depth and degree that was revealed. So many acts of treason at so many levels. Its difficult to fathom how those behind the development of the system have gotten away with it for so long."

"“And, one of those was Cicero. He lived, in around the time of 42 BC, in Rome.  And one of his quotes he said that I am very fond of,  I use [it] as a signature in my email. I’d like to share it: “A nation cannot survive treason from within.  The traitor wears the face of his victims and he appeals to the baseness that lies deep in the hearts of all men.  He rots the soul of a nation, he works secretly.  He infects the body politic so that it can no longer exist or resist.  A murderer is less to be feared”-Cicero."

On the there is also a 'We The People Now Re-Declare in 2012…. The Declaration of Independence!'

Rather than signing the secession petition ( - currently 908,368) perhaps everyone should be signing this notification of the re-declaration of independence.

Currently the number of signatories for the re-declaration is 3,584 but the Republic needs 30,000, needs 300,000, needs 3,000,000, needs 30,000,000.

JLee2027's picture

"The Honorable" is a damn title.

Canucklehead's picture

Don't you have to be an ESQ to read that?  Should you really have an LLD?  What happens when a PhD(Econ) gets ahold of this?

Donlast's picture

China is slowly building up its military and slowly edging towards Yuan convertibility and when all the ducks are in line the supremacy of the Dollar as the reserve currency will be at an end. It is not "if" just "when".   

And the basic cause of the end of Pax Americus will be the Democrat Party and its iconic Obama. 

akak's picture


China is slowly building up its military and slowly edging towards Yuan convertibility

Quite possibly, but convertibility open to whom exactly?  Their own citizens?  You and I?  Do you REALLY think that the average peon would be able to openly exchange their yuans for gold (or silver)?

Meet the new Bretton Woods, same as the old Bretton Woods.

Seer's picture

Another pile of Party Pussy shit.

Riddle me this, Party Pussy, how does your "club" differ as to promoting perpetual growth on a finite planet?  Oh, yeah, if "business" does it it's somehow possible?  STFU

JLee2027's picture

The "Yuan" is just another fiat currency, so I don't see it ever happening. If China declares a Gold backed Yuan, the United States will have no choice but to follow. I can see a breadbasket of competing Gold backed currencies as a future world reserve currency.

UnRealized Reality's picture

I'm pretty sure he doesn't know the difference in a Republic and Democracy. From what I know a Democracy everyone votes on all issues and a Republic you send a Rep to do as he sees fit with no other say. And I thought this site was mostly truth!!!

Raymond K Hessel's picture

The grammar is a little off, and your definitions are way off.

You and Rick both think a republic and a democracy are even the same sort of thing.  They are not.  You can have a democratic republic.  

Think of a republic like a business model.  

Think of a democracy like the product or service.


Get an education.

UnRealized Reality's picture

That's funny, what a ZH education, LOL. You go get an education and take your head out of, make believe land( blogosphere) with your group think and herd mentality. Never met  so many clones in my life on these blogs, Geez!!!!!!!!!!!!!!

Mad Mohel's picture

Santelli is a token. He is the Winston Zeddemore of CNBC.

sunaJ's picture



Dr. Vankman: How big is the fraud?

Egon: Well, [holds up normal twinkie] imagine this twinkie represents the normal fraud and corruption in the New York area.  According to this morning's sample, it would be a twinkie 35 feet long, weighing approximately 600 lbs.

Winston Zeddemore: That's a big twinkie.

Seer's picture

"we live in a republic (where the sovereignty rests with all individuals)"

"Put simply, Santelli notes, "mark my words" the market will decide that exit - and the Fed had better be ready when it comes."

I like how "individuals" is subjugated to "market."  As Santelli makes his living FROM the "market" I have to point out that:


People can exist without the "market."  The "market" cannot exist without people.

Markets have FAILED so far.  And when the people can no longer fall for BS (and all the buy this and buy that shit that "traders" [NOT PRODUCERS] like Santelli pop out there) THAT will be the exit; CORRECTION: that will be the END.

ALL talking-heads are clowns.  It's just that some are a little less clown than others.

batterycharged's picture

My image of hell:

Being trapped in a 5x5 room with Santelli on one side and Jim Cramer on the other.

i8emallup's picture


Santelli is leaving MSNC to join WWE as manager of Gearge the Anomal Steel

A Lunatic's picture

The prudent man would make a pre-exit exit if he has not already done so.

helping_friendly_book's picture

I have been short the S&P 500 for over a year and haven't made a trade in 2012, saving in cash instead. I thought I was being prudent but, I have taken a 50% haircut on my position.

I think a prudent man would save in cash until THE exceptional opporutunity comes.

I have seen good opportunities in the past but, couldn't buy in because I was already locked into a losing bet.

Now I will save a wait. If it takes ten be it.

ken's picture

Our representatives DO NOT represent us, they represent themselves and their cronies, so it is not a Democracy, it is more like that form of government decscribed by the "C" word, Communism.


ken's picture

Especially when they start abusing NDAA.

Bobportlandor's picture

More like by the "F" word, Fascism

bob_stl's picture

The distinction between democracy and republic is really a moot point. The soviet union was the soviet socialist republics. All republic essentially means is that governing power is derived from the consent of the goverened rather than divinly bestowed. You can call it whatever you want, but when the pledges go to the constitution, and the loyalties go to the governing individuals or parties in power, you're destined for a socialist republic. It may take the form of communism or fascism, and when it's claimed that they are serving the public interest, the majority of the public will believe themselves to be fairly free. Those who have a strong will of their own and scape goats will end up being the exit strategy.

ken's picture

What do you mean by this? Who are they? And how will they end up being the "exit strategy." And what is the "exit strategy?"

"Those who have a strong will of their own and scape goats will end up being the exit strategy."

YuShun's picture

A republic does not have a monarch.  Japan and the United Kingdom are not republics.
The U.S, France, Russia, & China are republics. 

akak's picture

As disgustingly bad as the political situation is in the USA as regards honest and meaningful participation by the public in national decision-making, you insult the intelligence of everyone here by trying to compare the USA or France with the completely authoritarian dictatorship that is China.  "People's Republic" my roadside-crapping ass!

resurger's picture

or whatever is left of a market rick

toomanyfakeconservatives's picture

When I overhear everyday folks at the gas station, pizza parlor, and gun shop constantly griping about the FED, the FRN, Congress, welfare, illegitimate wars, and so on... I know revolution is in the air.

centerline's picture

A few months ago, the regular guy working behind the counter at the 7-11 I stop at sometimes went into a rage about all this.  Was really something to behold.  As I walked out, I thought to myself something similar... that when the average guy starts asking questions and getting mad, it is really close to a turning point.  Something wicked this way comes.  And I don't think it is very far out either.

helping_friendly_book's picture

It is music to my ears. I am sick of talking about it after ranting since 2007. 99.9% of those questioned couldn't explain QE if their childrens lives depended on it. Sad but true!

JLee2027's picture

The idea of no debt ceiling is pure insanity. Congress is there to control the purse strings, the money as representatives of the People. Now, they no longer represent the People, but they have some control of the money. When that goes there no longer be a need for Congress and we will have a dictator in the White House. I'm hoping the whole thing crashes before Congress gives in. Because I suspect eventually they will just hand everything to Obama.

lakecity55's picture

Being that he is a communist, I suspect he will try to Seize Everything.

"The Bankers" and the "Leaders" thought they could control Hitler.

The only thing this guy has on his mind is Forward Soviet.

When the time comes, O-Phone will hang the Bankers.

Then he will shoot how many and whoever he pleases.

yogibear's picture

Santelli is spot on. Bubble Bernanke and the Fed have no way to exit. Only way is for the market to force it.

Plus the Senate and some in congress as well as the president want no debt limit.

See ya at $30 trillion. No managed end to this madness, just Bubble Bernanke and the fed attempting to print the debt away.

lostcause's picture

 This reminds me of when I was a kid and I got in trouble. My mom said I could get an ass whipping now or wait for my Dad to come home from work. As you might expect, I took the ass whipping now. I think our economy will take the ass whipping when Dad comes home.

silverserfer's picture

NEWSFLASH- the Republic died in 1913. We have been under the Empire of the FED ever since.

sbenard's picture

I love you, Rick!

wally_12's picture

“My family and I finally made it to California from Oklahoma.

I stopped at every gas station along the way to be sure we didn’t run out of gas. There was no housing available to us upon our arrival. They led me to the only thing available-a chicken coop. We were glad to take it”

An Okie’s description of migration to California during the great depression and Dust bowl period.

From Robert Macalveins   “The Great Depression”