Santelli: "Still Want That Hammer-And-Sickle On The Flag?"

Tyler Durden's picture

Will we ever see 'reality' again? Judging by CNBC's Rick Santelli's one-sentence epic rant this morning of the centrally-planned farce that we are living through...

Liesman: "Why would you normalize rates?"


Santelli: "Are we really that far down the hole that normalizing rates after this tremendous number - the huge drop in the unemployment rate - that you guys still wanna have the hammer-and-sickle on the flag"

the short answer, it appears, is 'No'. But perhaps it is Rick's seething anger in a second clip that exposes the reality of "the apologists" for the Fed and as he notes: "This whole thing is a Parlor Game and the country deserves better than Fed experimentation." Before you go home - watch these two clips (and listen)!


The initial rant begins - Liesman and Santelli I




And Later in the day - even more epic-er - Liesman and Santelli II...

Liesman: "The Fed is doing the only thing it knows"


Santelli: "The economy is better despite them."


Anchor: "Where would we be today without the Fed?"


Santelli: "We'd be significantly better now! What wouldn't have been significantly better is the one-year after the crisis - that would have been worse - but we would have been 'on the mend' Sam Zell-style, we would have hit a 'real' bottom."




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JustObserving's picture

I will settle for a drone instead.

Go Tribe's picture

Santelli will get the drone hit, his wife will get a horse's head.

BoNeSxxx's picture

Rates will only normalize when Treasury Bonds are called War Bonds.

NotApplicable's picture

Normalize? How does one normalize in Bizzaro World?

Manthong's picture

We still have a Daily Double on the board..

I’ll take “Hammer and Sickle” for 1.3 Trillion, Alex.

Irelevant's picture

Ok, Santelli makes some good points. He is saying things we discussed here years ago, nothing new. Its the fact that he is saying them in the MSM that is interesting for many. Segment sponsored by PIMCO (makes you wonder if Bill Gross is short). However, for the masses 70% is how you look, 20% how you sound and 10% what you say. The masses see Santelli as some kind of fringe tinfoil right wing extremist that is fighting against jobs, yelling and yelling. That is all it is to it for the masses looking at the show.

Santelli is doing his job making the movement look like its made out of lunatics, while creating the illusion that there is a debate going on.

McMolotov's picture

I wouldn't worry too much, no one's even watching CNBC. If you approached people on the street and asked them about CNBC, could they tell you anything about the station? Most people don't even know it exists. They know all about Honey Boo Boo and whoever those duck fuckers are, but they can't tell you who the hell Rick Santelli is.

CNBC is for the small pocket of the population that pays a bit more attention to the markets than everyone else who simply knows if the market is up or down based on the evening news. The even smaller pocket of the population that knows what's really going on simply ignores CNBC.

As far as "making the movement look like its made out of lunatics," this country has gone mad as a damned hatter, so anybody who's sane and doesn't toe the asylum line is thought of as crazy. I stopped caring a while ago and wear the label as a badge of honor.

Big Slick's picture


Spirit Of Truth's picture

The "flag" you're worried about isn't completely here yet, but it's coming:

I've been offering the red pill at ZH for a long time, and as far as I can tell only a few have taken it.

Faith in money and the love, worship and servitude of Mammon is about to be utterly upset by historical reality IMHO:

derek_vineyard's picture

liesman is so distorting his own thinking to justify anything that will push the market higher, it seems he has his own cock in his mouth

Clinteastwood's picture

What a rip.  I had to listen to the same Seimens commercial twice to see Santelli?  What the hell could Siemens possibly convince me to do by advertising?  Seimens advertising sucks boulders.

Boris Alatovkrap's picture

Boris is get Gasprom ad. Only one monopolistic force in gas, so why is to advertise?!

mkhs's picture

OK.  Which one of you wankers is Santelli?

FEDbuster's picture

Liesman has his head so far up Bernanke's ass, he has become irrelevant and unwatchable. 


smlbizman's picture

cnbc is quick to yank these clips from the hedge......if your not first ,your last.....

infotechsailor's picture

lmfao duck fuqers.

blue pill it is.

tango's picture

As far as folks watching CNBC, does anyone really expect the average (Obama) voter to care about securities, bonds, the Euro, FX, commodities, etc?  At least 50% of the nation has no idea that investment is what keep their toys coming.  They don't have a clue, living paycheck to paycheck, subsidizing their lifestyle with every manner of government aid without a care in the world.  The WSJ reported today on how utterly ignorant our 17 year olds were about things we once assumed any literate person would know.  

Maybe it's always been like this - a small invester class compared to the general populace.  Eveb so the general stupidity we wallow in appears to be a new creature altogether.  The very folks reveling in their ignorance (unable to define the Bill of Rights, name their Senators or representaive, define the Electoral College, etc are the most assured they are knowledgable enough to elect our leaders.

azzhatter's picture

I tend to agree with you. While I concur with what Santelli is saying, his screaming makes him appear unstable to uninformed viewers or Bernanke sack swingers.

Irelevant's picture

You can fall asleep to any speech of Ben Bernanke. The sheep don`t understand 5% in what they are talking. But Ben is calm, and speaks in a soft monotone in constant volume, actually not easy to do, there is no expression to his way of talking or in what he is saying. That assures the masses that he is a serious trustworthy banker.

On the other hand, all the folks you get on TV from the other side of the isle are always screaming and angry. The masses see them as unstable. This side of the argument is losing the PR campaign big time.

And, it might just be, when TSHTF our side takes the blame, yelling screaming people are very good targets. Remember, 95%+ of the populace has no fucking clue what is going on, its like talking to your dog.

McMolotov's picture

Remember, 95%+ of the populace has no fucking clue what is going on, its like talking to your dog.

Which is precisely why I no longer give two shits what they think of me or anyone else who knows what's going on.

I get what you're saying, but there's simply no excuse anymore for being uninformed or misinformed. Information has never been as freely available as it is today. At this point in the game, it's likely they're either complicit or willfully ignorant, neither of which is worthy of any respect.

Irelevant's picture

Some people are ignorant, some are just plain stupid, most I believe suffer from normalcy bias.

TBT or not TBT's picture

And uncertainty. Everybody looking at each other to try to understand what is the right thing to do.

Big Slick's picture

It IS unfortunate to see Santelli (so informed) so bent out of shape.  He simply looks miserable - unlike his normal upbeat, though excitable, self.

Beam Me Up Scotty's picture

I would want to scream too if I was talking to that idiot Liesman. In fact I'd be getting to the point where I'd like to literally bite his bald head off if I were Santelli. If ever there was a shill for the Fed it's that bald headed idiot. Hopefully Steve goes to the 7th level of hell with all the rest of them.

FEDbuster's picture

Santelli gets the same treatment Ron Paul received.  Just "crazy" (passionate) people talking about things most don't know or care about.

bigyimmy007's picture

Wish I could uptick this 5000 times.

With the advent of the internet and so many alternative media sources, there's no goddamn excuse for people NOT to understand how rotten to the core this crap system is. It all comes down to fear of the unknown and pure laziness.

It literally takes only an hour or so of watching any of the thousands of videos explaining fractional reserve banking. But nope, can't miss American Idol or peel away from Call of Duty...all while downing some nice artery-clogging fast-food and GMO-shit.

gould's fisker's picture

People get freedom they ultimately take it for granted and become apathetic; People have reems of accessible information they stop pursuing it and become ignorant.  And then some terribly bad shit goes down, the population gets thinned out, and we start all over again.  We're fucked but we beg for it by our very nature.

drunkenlout's picture

I've never seen American Idol, nor Call of Duty, nor any other entertainment TeeVee often mentioned here (as bad examples).  I did read today about an excellent young beauty queen from Delaware, Ms. Melissa King.  She needed money, and got a job.  She said it was "fun".  

Oldwood's picture

People don't want to know the details. They believe they have no impact or ability to change it and studying as we do is seen as wallowing in poo that won't wash off. Its sad but they may be right. Regardless it stinks.

CynicLaureate's picture

My dog is long silver and short the Japanese Yen.  I talk with him everyday.  Please don't insult my dog.

dunce's picture

If obama invites you to lunch, do not bring your dog.

KnightTakesKing's picture

I get what you're saying, but there's simply no excuse anymore for being uninformed or misinformed. Information has never been as freely available as it is today.

I don't work in the financial sector but consider myself rather 'savvy' when it comes to finance, economics, the market... However, I've learned more about how the system really works by reading ZH over the past six months than I learned over the past 30 years. I never really new how deep the rabbit hole went. 

RebelDevil's picture

That's what happens when people are forced to work 50+ hours/week just to make ends meet.

SeattleBruce's picture

"This side of the argument is losing the PR campaign big time."

By PR I'll assume you mean Propaganda Relations, or are you suggesting there's actually still an effective way to relay truth to the Public?  BTW, good points about how Bernyankme composes himself to continue the public snooze fest.

To Santelli's defense, have you ever woken up and just wanted to scream your head off against the onslaught of FED/USG lies?  Now imagine you've got spots on TV (even though it's CNBC) wonder he ends up ranting...

Rantabulous's picture

"like talking to your dog" ! I nearly spat up my drink with laughter. You are so right. That is exactly what it feels like trying to talk to others about this stuff. Well said!

Oldwood's picture

The only voice that they will let be heard is one that they believe legitimizes their view that we are all crazy. No debate, only destruction of the opposition. There is no interest in ideas, other than their own. The closest thing we will see to tolerance is comic relief.

TBT or not TBT's picture

Alinsky all the way, just like Obama preached it back his ACORN days

dogbreath's picture

there is no coherence to anything liesman says

TBT or not TBT's picture

Exactly, and Obama does a Mr Reasonable shtick with everything but his actual choices and actions, which are slim Pickens riding the bomb stuff.

AssFire's picture


Is that Jewish?

perfect name for that douche

azzhatter's picture

LIESman- "I'm not an apologist for Berstinky"  hahahahaha

spastic_colon's picture

indeed - they will have to start talking down the good numbers now so the markets do not think QE is on the chopping block.  Baldy is only towing his master(s) line(s).  Any bets on next months numbers?  how about a big giveback and a rise to 8.0%, especially if equities are allowed to see any red the next 30 days.

KnightTakesKing's picture

Perfect time to blame the sequester. Spend MOAR bitchez! 

ebworthen's picture

I watched that second interview live.

I wanted to beat LIESman senseless; what a fucking tool.

Problem is, there are legions of dumbfucks like him who don't see the immorality of what the FED is doing - or they know it is anal rape of the average ciiizen and they don't give a shit because they are soul-less mammon lusting baboons.

Hangings, we need hangings and blood in the streets.  This is the greatest lie and con job in the history of civilization.

Ms. Erable's picture

Beating Liesman senseless would be redundant - but enjoyable nonetheless.

Freddie's picture

Zimbabwe Amerika.  Detroit - motor city style.

TheGrimReaper's picture

Normality is the insanity of the masses