Santelli Slams Keynesians: "The Answer Is Always More Money"

Tyler Durden's picture

Correlation, causation; cause-and-effect; Birinyi's Ruler; and Bernanke's Hammer. CNBC's Rick Santelli attempts to open some minds to the "nefarious" levels to which banks and politicians will go to infer from data and bolster our crowd-sourced confirmation biases. Santelli dismisses the meme that government dysfunction is the cause of our problems - instead stating that it is the effect. The main cause of this dysfunction is that we have problems we need to solve, politicians who know how to solve them, but that solving them is not only going to be painful for everyone - but most importantly for their respective bases - and therefore dysfunction ensues. From ratings downgrades not being caused by dysfunction (rather by an inability to deal with entitlements spending and debt) to the Federal Reserve losing the nation's trust acting not for liquidity needs but for insolvency; Santelli aims his magic marker finally at the Keynesians, for whom cause-and-effect is all, adding that their answer to everything is "always more money" to paper over short-term pain, as he rhetorically asks "in ten years when we look back, is the weight of all this debt going to take care of all of these impulsive upticks?" Must watch...


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Zer0head's picture
Santelli,  the Alex Jones of Financial Media
NoDebt's picture

Yeah, but he OUR hambone!

CrockettAlmanac.com's picture

I like Santelli. He manages his anger so that it empowers his rhetoric rather than derailing it. Good man.

youngman's picture

The Hambone connected to the ..legbone...the legbone connected to the..... footbone...and it all comes tumblin down....

 

i think thats how it went...

ACP's picture

Then he should be saying: "MO' MONEY, I'M RICK JAMES, BITCHEZ!"

Joe Davola's picture

I don't have finance in my background, but it seems to me the problem in 2008 wasn't so much distrust between the banks - it was more the fact that the underlying assets weren't worth anywhere near what they were being carried at.  Funny how that hasn't changed in the past 4 years.

Hippocratic Oaf's picture

Even more funny is these motherfucking TBTF banks never marked their shit to market.

 

That's the real crime.

 

Squid always wins.

mercenaryomics's picture

 

 

never marked their shit to market

Shit that is [now] on the Fed's balance sheet at facevalue, correct? 

paterphysi's picture

Yeah I never understood why people seem to think Santelli is on their side. He seems to be a hero to all the Ayn Rand reading armchair rebels who populate the internet, but I doubt he is on anyone's side but that of the Cock, err, I mean Koch Brothers. Yeah, keep supporting your social betters and worship at the feet of big money -- yup, that will serve you well. Oh and don't forget to blame the Jews too. I see that quite after around here.

 

vato poco's picture

Ahhh, gotcha: Santelli is all part of the Plot, folks who don't like Jews are groupthink dupes, but the Koch brothers are truly Satan's minions on Earth. Thank God you and only you can see the One True Answer, and explain it all to us simple rubes.

paterphysi's picture

Guess I hit a nerve vato. Now you can go back to feverishly masturbating to Rand, dreaming of the Fourth Reich and cumming all over your glossy pics of the Koch Brothers.

Thanks for your profound comment!

vato poco's picture

Golly. You'd think a guy with the One True Answer would be a little more serene and thick-skinned, wouldn't you. It's a curious phenomenon: all you OTA guys really *really* don't like having your "wisdom" questioned. Ever. See also: Obama, Barack

paterphysi's picture

LOL. You're a card vato. Love your paranoia. It amuses me to no end. Be careful, reps from OFA are outside your window right now.

vato poco's picture

The *other* thing about One True Answer guys I've noticed is that they must, simply MUST, get the last word in. Let's see how long you can hold off, douchebag.

paterphysi's picture

There is a saying, vato, "when you assume you make an ass out of you and me." But you and your assumptions only make a total ass of yourself. But you are used to that, aren't you, huh sparky?

And I will answer sheep such as you for as long as it amuses me. Thanks again for giving me a laugh on this dreary day,

CrockettAlmanac.com's picture

Stop hating Ayn Rand just because she was a Jew.

vato poco's picture

Hey, in my defense, I didn't know it was a troll until its comment at 16:03. See, I thought it was merely just a pompous garden-variety smug statist asshole. Sure won't make *that* mistake again!!

CrockettAlmanac.com's picture

It's fun to play with trolls. You made fine sport of that one.

paterphysi's picture

Hey nice sock puppet you created vato. Maybe you are only 99 percent a fool. Have fun playing with yourself you Nazi fuck. It is because of people like you that Zero Hedge is considered to be a den of idiotic scum.

but still thanks for the laugh at your expense. 

CrockettAlmanac.com's picture

 

Hey nice sock puppet you created vato

 

Do you think he has a time machine?

 

 

Member for
1 year 31 weeks
Member for
2 years 32 weeks
paterphysi's picture

Think you need to have sock puppet defined. It is when you create multiple accounts under different names -- and this can be done at any time, such as 2 years 32 weeks ago for one,and then 1 year 31 week ago when the other was created. But that said, I apologize because it is obvious you are not vato. I have read your comments and although I do not agree with you you do not appear to be a ball of paranoid anger like vato.

CrockettAlmanac.com's picture

I know what a sock puppet is. But if your theory had been correct the timeline would suggest that I created vato, not the other way around. Do a little research next time you make a false accusation. No need to be doubly wrong on a single issue.

paterphysi's picture

Keep trying, maybe you will make a logical point. Does it matter which name came first? Either way a sock puppet is a sock puppet. But, eh, this is what I get for admiting I was wrong about the sock puppet thing and trying to be nice to an asshat who bows down to monied interests and kisses the ass of corporate shills like Santelli.

CrockettAmamac another armchair rebel in action! You get 'em big man!

CrockettAlmanac.com's picture

 

CrockettAmamac another armchair rebel in action! You get 'em big man!

 

Whereas you post to ZH while riding on your mighty stallion.

Silvergood's picture

Alex Jones did a good job on Piers Morgan!!  Keep it going!!

fonzannoon's picture

Unfortunately I think Santelli has been exposed to anyone with their eyes open. Bummer.

CrockettAlmanac.com's picture

How so? For a guy who lives inside the TV he seems to get it to some degree.

fonzannoon's picture

Unfortunately for me I watch a lot of CNBS Crockett. I am tired of watching Santelli start sentences with "I know Ben Bernak is a great American but I disagree with"....

Stop ot with the compliments.

I have also (lately) heard him too many times proclaim that treasuries are not in a bubble.

Treasuries are the largest, most dangerous bubble in my lifetime. He needs to call a spade a spade. They may not pop tomorrow. But I would not go near them, and he knows them better than anyone.

CrockettAlmanac.com's picture

As you watch the show you'd know better than I, however I've found found that when I have a disagreement with someone and I'm sure I'm right, the fault in the other is more often a result of inconsistent thinking rather than bad intent.

fonzannoon's picture

You make an excellent point, and part of me is inclined to agree. But I think when those CNBS employees show up everyday they are handed a script, and they know damn well not to go off script. They are bit players in this big giant play. At least that is how I see it. But I may be too far down the rabbit hole by now. I admit it.

CrockettAlmanac.com's picture

I steer a wide course around the rabbit hole. Too much fuss about being late for a very important date. I don't even own a watch.

Shizzmoney's picture

If UE ever gets to 5.5 by 2018, I'll walk in downtown Harlem.......in blackface.

Unless, of course, there's a war.  Then so many people will die off, that we may actually hit 5.5 UE.

 

michiganmaven's picture

I will go one better... if the REAL UE gets to 5.5% or LOWER by 2018 I will walk down the worst streets in Detroit, South Central LA and Harlem in a black face, naked, and with Obama is a - insert word here - written on my chest, back, ass, and anything anywhere else you want...

 

Disenchanted's picture

"Obama is a - insert word here"

 

How about two words?

Obama is a house negro (or house 'nigga' if you prefer)

 

"There was two kind of slaves. There was the house negro and the field negro. The house negro, they lived in the house, with master. They dressed pretty good. They ate good, cause they ate his food, what he left. They lived in the attic or the basement, but still they lived near their master, and they loved their master, more than their master loved himself. They would give their life to save their masters house quicker than their master would. The house negro, if the master said "we got a good house here" the house negro say "yeah, we got a good house here". Whenever the master would said we, he'd say we. That's how you can
tell a house negro. If the master's house caught on fire, the house negro would fight harder to put the blaze out than the master would. If the master got sick, the house negro would say "What's the matter, boss, we sick?" We sick! He identified himself with his master, more than the master identified with himself. And if you came to the house negro and said "Let's run away, Let's escape, Let's separate" the house negro would look at you and say "Man, you crazy. What you mean separate? Where is there a better house than this? Where can I wear better clothes than this? Where can I eat better food than this?" There was that house negro. In those days, he was called a house nigger. And that's what we call him today, because we still got some house niggers runnin around here. This modern house negro loves his master." ~ Malcolm X

 

We sick boss...

mercenaryomics's picture

+1

Have been told before I needed to give Malcom X a read sometime, but that quote above just sold me, thanks.

Reminds me of the Jay Gould's "I can hire one half of the working class to kill the other half."  

Disenchanted's picture

You don't have to be black to be a modern day "house nigger." We've got a whole lot of caucasian Gentile(and many other races and creeds, including many commoner* Jews as well) house niggers running around the world these days. House negroes figuratively living in the big house on those Red Shield bankster plantations...

Senator Lindsey Graham, now there's another good example of a modern day house nigger. David Petraeus too, now that po old house nigger be livin in the basement these days. Massa done whipped his hide.

 

"We sick boss? We sick!"

 

* "an ordinary member of society who does not belong to the nobility"

localsavage's picture

Of course the answer from those who profit from loaning money is to loan more money...especially if you can just turn on the printer and get more to loan.

michiganmaven's picture

So the Fed and other Central Banks are teh cause of the Zombie apocolypse? Who knew ?!?! 

ParkAveFlasher's picture

I dig Greg Walker but the yellow/green/gray face gotta go.

TBT or not TBT's picture

Soylent Green is bath salts, bitchez.

oddball's picture

Arm the drones.

BlueCheeseBandit's picture

Mo' bridges, mo' problems.

Gmacks's picture

I hate having an iPad.... Sigh

CrockettAlmanac.com's picture

What might the algos make of that?

caimen garou's picture

Santelli will soon be eyed by eric and company if not already.

Cognitive Dissonance's picture

Santelli is a heretic. One may always question the effects of the system, but never the system itself.

/sarc