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Santelli: "Still Want That Hammer-And-Sickle On The Flag?"
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."
Watch!
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LIESman has his causality backwards, as usual.
Vulgar Keynesian moron.
Steve Smugman and Rick Igottatellye, the yin and yang of tout tv. They give me gas...
heh...
No longer available....?
If anyone really want's the(real) skinny. The fx markets blew off early N.Y. today. Use this information at your own peril.
Has anyone seen the movie > Inception>? If not , I highly recommend that you watch it.
Great film.
Rabbit holes within rabbit holes and which one, if any, is real?
Gee wiz....
Sorta like them spiritual awakenings some folks gets somewhere....
What's that? Get out of the way and let the market heal itself?
UNPOSSIBLE!
The more the Fed interferes in the markets, the more uncertainty there is.
in the blue corner...weighing in at "if the Fed is right, no-one need work" and being edited over by the worst producer in the MSM....Rick "where's the beef?" Santelli...
in the brown corner...weighing in at a ton of shit and being allowed higher volume by the worst producer in the MSM...Steve "no-one can suck Fed dick like me" LIESman...
Economy is getting better, it's creating jobs, that's why:
More than 25% of Americans raiding 401(k)s to pay bills
You vote for Obama, you get what you pay for, or better, he gets from you.
Enjoy the dear leader, dear americans.
You insult Dear Leader, you get droned! Facts have no place in a discussion about the economy!
the fed is covering over the crimes of fraud committed to
facilitate the murders abroad for resources and power consolidation,
only bradly manning was convicted, not even, just tortured
and detained indefinitely, no one gets even charged with
crimes anymore. certainly not the criminals. odd, how to charge
the whistle blower of crime when you do not recognize the crime?
the question becomes what has the whistle blower done that is offensive/criminal
if not exposing a crime sanctioned and perpetrated by the authority
apparatus?
08 March 2013
Elizabeth Warren: What Level of Criminality Will It Take to Shut Down a Bank, (Mr. President)?
http://jessescrossroadscafe.blogspot.com/2013/03/elizabeth-warren-what-l...
.
painted
into a corner,
if they prosecute the fraud crimes the securities
would then be some kind of evidential property the fed would
be in possession of and that would be like being an accessory to fraud;
which they are and have always been but ....
so , that is no good. if the liquidity for war wasn't tied historically
to the housing asset bubble fraud then bradly manning would be a free
man today. "if".... they once said the biggest word in the dictionary.
the money system is too crooked to straighten out ! too debased to base !
too putrid to mummify ! so i had this question about price discovery
and the concept of time and futures and realized, once again, i was
talking to myself, party disconnected, appropriate i guess for a rhetorical
question, or any question, at this stage of the game.
.
now that levon helm has passed on who is there that remains who understands?
.
"..And so Senator Warren might as well ask: "Mr. President, to what level of criminality must a Bank, and its management, rise before you would be willing to allow your Justice Department to indict and prosecute it? And as an aside, why are you so zealous in prosecuting whistle blowers and reformers, but so tolerant of even extreme examples of white collar financial crime that abets unrelated, non-financial felonies?"
It is doubtful that the mainstream Republicans and Democrats will ever bring anyone to account, because they are as, or even more, complicit in this web of corruption, having been given enormous amounts of money by the Banks in speaking fees and campaign contributions, with the promise of greater amounts for consulting after their terms in office.
And there it is: the credibility trap. Justice for some. However one wishes to rationalize it, but always in order to preserve it.
Senator Warren may as well have asked, like the childlike innocent, "Why is the Emperor naked?"" jca...
.
comment: there is no cloth, there is no emperor, there is no empire.
only illusion of cloth, emperor and empire, but there is death and life,
at least the illusion of death and life. joy and suffering are real, give
thanks for that, no?
.
The Band & Bob Dylan - I Ain't Got No Home (Carnegie Hall 1968)
http://www.youtube.com/watch?v=3CmV4aSZNf8
.
The Band - "I Ain't Got No Home"
http://www.youtube.com/watch?v=c8rYBeW-OBA
Bradly Manning understood that his actions would cause him great personal harm. He chose this path.
He could have chosen to leave the military and keep the information to himself. I doubt anyone would have known his name outside of family and friends. Now his name is known world wide. He wanted to make a statement while on active duty and this is what happens to people who volunteer to live under the UCMJ.
Bradly is now a big star. I am happy for him. He would not have ever felt good about himself just doing drag on Friday nights at the local g/l/tg bar.
This guy is named Liesman and you expect him to speak the truth?
I asked my boss one time if he was going to tell the truth on a screwed up project and I think his answer is relevant to all executive thinking.
He answered, "Which truth??"
hammer & sickle: from the same folks who brought you benny's joobucks.
"In 1917, after the dynasty of Czar Nicholas II fell, the Moscow government of Freemason Alexander Kerensky issued new currency, including this 250 ruble banknote. At its center is the double-headed eagle superimposed on the swastika (sun deity). The swastika is arranged as a diamond.
http://www.bibliotecapleyades.net/sociopolitica/codex_magica/images/ccod...
Soon afterwards, the government of Kerensky gave way to the Bolshevik coup of Lenin and Trotsky.
Kerensky fled to Paris, France, where he joined the Grand Orient Lodge. Lenin and Trotsky, also Masons and satanists, decided these symbols on the ruble banknotes were far too obvious and feared that the Russian people would discover the Jewish Masonic roots of the Revolution. Therefore, they ordered the removal of the symbols and created as a replacement for them the familiar hammer and sickle emblems as the U.S.S.R.'s official seal."
http://www.bibliotecapleyades.net/sociopolitica/codex_magica/codex_magic...
Bernank said 6.5% was the magic number. Should be there pretty soon. We'll see if the debt orgy ends. Don't bet on it.
the debt orgy is the money orgy so ....
not to mention the spigot is controlled
directly by the drunk !
oh... how do they say in france?
oh fuck !
The question becomes. WHat comes first 6.5% or full blown communism/NWO in Amerika?
there is no unemployment in communism..only salt mines and archipelagos...or wal-mart's and mickey d's?
Communism: They pretend to pay us, we pretend to work.
If that many people are back to gainful employment, why do the number of food stamp recipients keep increasing?
http://www.fns.usda.gov/pd/34snapmonthly.htm
well said...maybe the 6.5% HLFS survey target should be replaced with a sub 40 million food stamp number.
This is a well deserved tribute. I FUCKING miss LONG FUCKING SOUPLINE!
Steve go FUCK your FUCKING SELF! You are a FUCKING lying FUCK who tries to FUCK WITH ordinary FUCKING people. FUUUUUCCKK YOU you lying FUCKING son of a FUCKING BITCH!!! And FUCK YOU TO maria bart my FUCKING romo you FUCKING FUCK!!!! You are all FUCKING SLAVES TO the FUCKING wall street SONS OF FUCKING BITCHES you FUCKS! Does it feel nice to DESTROY the FUCKING WORLD you FUCKERS? If I belived you were going to hell there must be some FUCKING place worse than that!
FUUUUUUCK YOU!!!
Can we get more FUCKBELL?
YOU do have to love their process of rationalization. Numbers are good so the markets are up, but the numbers really aren't good so QE must go on. Selective realities. Their rationalization is strong but still can't overcome the reality that stocks are up, not due to any fundamental improvement in the economy but only due to QE. So....it matters not what any numbers say, QE is putting money in their crooked ass pockets and it must continue. They are right, from their perspective, because if QE stops, it will be the end of the world...for them.
+1 that is exactly right in a nutshell. nice. QE has done nothing for the real economy but cause real wealth destruction as a result of price fixing the true cost of capital. I don't understand what has happened to the economics discipline. Not since Lucas (1976) has anything meaningful come out of economics, IMO. And because we can't hardwire Lucas into the macroeconomic models, for the very reasons Santelli was speaking to, the discipline ignores the dynamic intertemporal unknowns of human behaviour, incentives, and expectations. Its like the Lucas critique never existed. The discipline sort of, "writes down" the Lucas effects and then proceeds to go on about its daily ambitions with the Phillips curve. Do de do de do. Its like the bio sciences refusing to recognize, say alternative methodologies for developing more effective treatments for cancer and instead continuing to serve up the same barbaric cocktail, knowing full well what the likely outcome(s) will be.
Seems to me, its getting pretty hard to be taken seriously as an economist any more. Because out of one side of your mouth, you flog the Keynesian model for reparations to the economy, while out of the other side your telling your buddy, "fuck, this aint EVER going to work." So, which is it? I should qualify that the Austrian economists have made real substantive progress to the human condition by identifying market based approaches to solving economic problems previously ever thougt to be owned by government. And we all know where the Austrian economists stand on QE. kudos to them. But the neoclassicals think we are all batshit crazy and so I select Lucas (one of their own) only as a means of countering Krugman's antiquated and largely disproven Keynesian rhetoric (policy) that neoclassical economists have NEVER adequately reconciled the Lucas critique, and in my opinion, probably never will.
you have a problem my friend, economics is mathematics in art form..it never has and never will produce anything in its own right...it just observes, measures and interprets...
remember, until the revolution..you dont have to work because the fed can print the money the government blows on benefits and wars...there is no economics behind that model..
Economics was bought by Finance. It is no longer an academic subject it is a marketing tract for Fund Managers. Wall Street pays so it buys Economists and buys Nuclear Physicists - one to write the prose, the other to program the trading machines. They then buy politicians to act as zoo-keepers and look after the animals on Main Street until they are ready for slaughtering. that is the Great Sausage Machine
FED is Central Planning: a Fail forever in History.
When in the history of VIX have you seen these >hedged levels? http://www.bloomberg.com/quote/VIX:IND
even the cab drivers are hedged with the VIX at these levels! The rubber band is about to snap. And I'm short. My long positions have tight stops.
All right Rick. We love ya man. AN experiment is right. Part time jobs for employment is WRONG.....
hammer and sickle, there the essence of all flags
signifying control of a/the domain?
you tell me....
Dead inside, i.e. unemotional, is the only way to trade this. Think like a reptile.
Still short SPY from this morning - exactly even, I like how it looks going into the w/e. That chart is unsustainable - love that breakaway Roman Candle the last few days. Have dry powder.
Why doe Santelli not come out and say that the fed is spending trillions to buy the crap MBS paper from the banks and sticking it up the ass0hole of the taxpayer?
You fucking assholes making fun of Marias "tits" when the assholes have sagging balls and 20 minute pee breaks. Fuck you all. Just look down at your small packages
njfeds, You seriously need to get laid.
with another person
of the same species
does a soccer mom count?
On the same planet.
Preferably with a pulse...
"In times of universal deceit, telling the truth will be a revolutionary act." - Orwell
I would love for Liesman to know that feeling of knowing he just got his last unemployment check and has no plan for when the bills are due next month. I wonder if he would be cheering that, by no longer being counted in the BLS numbers, he just lowered the unemployment rate.
Mother fucking clown rapist.
http://www.youtube.com/watch?v=4W5KhfJHF_4
Weird that with all of this printing, spending, borrowing and deficiting that both the USD DXY and BUXX indexes show the USD to still be holding its own against all other currencies. Whether you look at the week, month, 1, 3 or 5 year charts the USD shows a steady climb. At least we'll be the last to circle the bowl.
thats because the other majors are just as shitty. (euro yen sterling)
if we abide by a world flag will we still be irrational
incoherent addicts in denial of our humanity?
Is he allowed to say these things on CNBC? On the day the market is at an all time high?
Rick is doing heroic work there.
I think TPTB want a Swastickle.
Out of this great jobs number, what I really want to know is how many of these new jobs came from full time jobs with no benefits that were changed into two part time jobs to avoid Obamacare, I know of one kid who works fast food who was working at least 40 hours a week with some overtime who was then converted into part time work. He is now been forced to work two part time jobs in fast food to make ends meet. Needless to say he is very unhappy with Ocare.
there you go...check this out from mish
http://globaleconomicanalysis.blogspot.co.uk/2013/03/spoiling-great-empl...
he also says that people are increasingly being replaced by robots and there is a systemic shift to unemployment..
doesn't take a rocket scientist to figure out that 3 full time jobs are being replaced by 5 part time jobs to save the employers the need to pay for obama care
Yes, but that’s not how economics works.
The robot efficiency gets replaced/displaced by human innovation, unless that is suppressed by regulation and government suppression.
That’s the reason for the productivity drop.
http://online.wsj.com/article/SB10001424052702304070104576399704275939640.html?mod=WSJ_hpp_RIGHTTopCarousel_1
Obamas ATMs are now actually replacing human workers, because of his stupid social welfare bent, and ignorant tax policy.
Huh?
What are you a freaking luddite? So the fact that we don't walk through snow, uphill, both ways and get paid to do it is cuz... OBAMA?
Robot efficiency is replaced/displaced by human innovation??? WTF? I don't even understand the sentence. Do you?
I know the last 40 years have been particularly rough on the human condition and overall IQ levels, but I had no idea it was this bad.
For you I say... rub two sticks together then, idiot.
Biderman came out with a 100,000 February employment number. Wonder what's up with that. I tend to believe his numbers more.
I'm about to graduate with a solid degree and there are NO Jobs.
ponders...the big O(rifice) wants to stabilize debt to gdp...presumably at 100%
this means that deficits dont occur? or does he mean that the if deficits = nominal gdp growth there is no problem?
if nominal gdp growth is say 2% real plus 2% inflation that = 4%...before interest
if nominal gdp growth is 4%, then the nominal interest rate should equal 4% as well...unless there has been some sort of seismic paradigm shift.
sooo...100% of debt to gdp being stabilized means that nominal; gdp must grow at 4% PLUS the interest rate, in order for debt to gdp to remain at a constant 100%???
bleh..where's my JD
Do the hammer and sickle people hate zionists? If so they're smarter than the pentagrams with white bloody barz.
Keep up the good work Rick Santelli. Enjoy this reading gift. I really don’t care about MIT suppressing information anymore, they are part of the problem in creating economic growth. Enjoy.
Send this link to your MSM Boss. Ask how long they can keep up the propaganda to support advertisement revenues by cultivating radical globalization mindset. Lastly, ask the dirtbags to stare at the picture in video. Thanks Rick..
Come on, ZHers. You're the smart ones--take advantage of the wave. Trade your way to riches. You know justice isn't coming anytime soon.
We are HO - we'd just like to point out the gravity of the situation as we do so...
Normalize Rates? So, what, bond prices fall, but more money HAS to enter the system to pay the higher rates.
Based on what, sudden increase in consumer demand for viable loans?
Or a new apetite for these bonds by the outside world?
Haahahhhhahahahah not a fucking chance. The FED will monetize 4EVA.
Until it can't...
Most of the people I know well enough to discuss relevant events over the long term end up telling me flat out THEY DO NOT WANT TO KNOW WHAT IS GOING ON.
This includes family members.
My opinion is this is the majority answer.
I concur -
Sad, but quite true.... Makes one reflexivley think that those of such stripe deserve what they get...
...and not a word about the impoverished working serfs nor the monetary income grab by the financial aristocracy. "We've got a job for you, now on your knees, dregs"
Note to Ben and his tribe: Indeed, it's working splendidly. In fact, your shoveling more cash to the tip-top in this country then any previous time in U.S. history. Not to mention while circumventing (ignoring) rule of law, well done sociopathic technocrats.
This was fraud, perpetrated in the first instance by the government on the population, and by the rich on the poor. The government that permits this to happen is complicit in a vast crime.
Reversing recession has taken a backseat to resuscitating zombie banks, maintaining the feudal dominion of a private financial oligarchy. If nothing else policy shows us what people say about their preferences is not as reliable as how they act. Their actions reveal their true preferences.
At 3.00m of second video, LIESman is fibbing. The temporary 2010 US Census job boom gave the Federal Reserve enough information on the baby boomer graphs to predict future inflow/outflow models up to 2016.
CflemBC is a wee bitty more than most of you seem to believe in terms of influence carried.
For starters if you add up the number of times;
a) a specific company is mentioned in a specific day, week or month you would get a fair relection as to whom is its no.1 financial Patron ( this will be talking heads bonus package. . .)
b) Guest appearances of company reps to blow horn if something is good; if bad, damage limitation; or promo some iSore.
c) Provides assurances to the 2nd tier elites when the Japanese finance minister, french, german, mario, pancho villa and bono declare in unison that Everybody same page no problem remain calm and above all Do Not fight the FED.
FUCK YOU liesMAN!!!!
The problem with the Hammer & Sickle thing is that in the end everybody dies, and the few remaining survivors are rather miserable...
Obama, Bernanke, and Giethner all are one trick ponies, and they have been repeating their QE trick for over 4 years and they can not make the economy pop out a rut. Stupid spending and debt have been tried and failed many times before. We know this will not end with standing ovations.
I heard they will make new statue of liberty:
http://s017.radikal.ru/i439/1111/71/8b2c20abd163.jpg
The road back ... to where?
What is the road back? More junk ... or is it more junkie?
When the current state of affairs blows up it will take everyone by surprise, just watch. Won't take long now ...
I like the fact that "normalisation" is Communist terminology especially in the Brezhnev Era which was as stagnant as the West is now
Blathering Baboons Bluster Buckets of Bullshit.
Santelli: "Are we really that far down the hole...?"
Thank you Rick, keep up the good work.
Yes, we are so far down the rabbit hole in Wonderland, and most have smoked the hookah and eaten so many mushrooms, that they don't know where they are, who they are, what size they are, or where reality begins and fantasy ends (like LIESman).
Got me thinking these did.
Grandma is sitting in the bathtub washing herself when little johnny runs in. He takes a look and squeals, "Grandma, whats that in between your legs?"
Grandma says, "Why son, thats grandmas hedgehog".
Johnny replies, "Good grief grandma, its guts are hanging out!".
Get it? A joke. Just like them two kabuki theatre videos I just watched here. Two paid shills from the banking class throwing curve balls and distractions our way to keep the sheep either confused or unaware.
Fucking pricks, the lot of them.
I don't care if anyone sees this or not (I realize I'm at the very bottom of the thread now), but Liesman is truly an evil cocksucker. "The only way [the Fed] knows how means what you say after that is an experiment." (says Santelli) "Absolutely, absolutely; you know what, we should. We should have an experiment to put people back to work." (says Liesman)
"....put people back to work..." I always thought the US was all about people putting themselves to work. Has it gone so far in the US that the population now
like the Europeans, gotten used to being managed by the elite? If so the world truly is lost.
Central planning. No other way to put it.
+5
The Federal Reserve Bank of NY doesn't care one bit about unemployment numbers. It cares about making its owners richer than they were the day before , period. When the banking cartel's interests conflict with the U.S. Government's interests , whose interests , do you think , will be the point of focus ? NOT THE U.S. GOVERNMENT'S . Nothing will change until the common man can take no more of the pain.
The U.S. government is the banksters' bitch!
When you stick your flag in the moon and say 'now we're done trying'. THAT'S THE GRAVY!!!!
The FED is the only "economic" player that doesn't believe it needs to abide in market "laws." And the more it acts in disregard of same the worse the economy gets because investors/businessmen are not fooled. A business will only, rationally, invest when it KNOWS that there is a pool of surplus savings (earned by an industrious and efficiently productive labor force) available for investment. This is the Classic signal to business to invest and expand productive capabilities and employment. In the absence of this dynamic, and in the face of the obviously overleveraged economy (Both producer and consumer alike, especially the consumer, in present circumstances.) it is not economically rational to invest to expand your operation because the FED is inflating the money supply. This is the fast track to malivestment and bankruptcy. So, this would suggest (to me) that the FED (knowing this) is playing at a different game. The bailout continues and the economy be damned. Everything else is PROPAGANDA.
America is becoming Chicago. Change from the Chicago 'community'.
Next remake of 'Red Dawn' should drive the point home, replace the foreign socialist enemy with the domestic socialist enemy.
Military officers oath "I, _____,... do solemnly swear ... I will support and defend the Constitution of the United States against all enemies, foreign and domestic... So help me God."
Santelli used to be good...no he is suffer syphilis.