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Rick Santelli Rages: "Who Is Bernanke Working For?"

Tyler Durden's picture


Reminiscing on the good ol' days when traders and investors poured over fundamental metrics, CNBC's Rick Santelli looks upon the current environment as a single-factor "Bernanke-loves-me, he-loves-me-not" un-reality and the impact he has on savers. "It seems a little bit ridiculous," he understates before launching into two minutes of clarifying thought on just what it is that Bernanke is doing and that we are suffering through. Just who is Bernanke working for?


Expanding on the discussion last night, Santelli slams Bernanke for his flip-flopping view of the unemployment rate ("where was he during the elections when 'unemployment' was getting better?", his entire disregard for the terrible divergence between a surging corporate profit buildup (surely indicative of a healthy economy?) and the 'real' employment rate (which is dismally awful) preferring to focus on the 'unreal' unemployment rate - which even he now notes is over-stating the recovery.


As Santelli notes, maybe, just maybe, it is all about interest rates and the cover for a Treasury with "boatloads of unsustainable debt."


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Thu, 07/11/2013 - 13:40 | 3742049 Ahmeexnal
Ahmeexnal's picture

Answer: The european plutocratic monarchs who own almost all major banks.

Thu, 07/11/2013 - 13:47 | 3742082 BaBaBouy
BaBaBouy's picture

I Always Thought It Was SackMan GOLD ...

Thu, 07/11/2013 - 13:48 | 3742088 chumbawamba
chumbawamba's picture

Oh, shutup, Santelli, you ineffective bag of farts.

I am Chumbawamba.

Thu, 07/11/2013 - 13:54 | 3742111 Cult_of_Reason
Cult_of_Reason's picture

Bernanke is a domestic terrorist.

Thu, 07/11/2013 - 13:58 | 3742128 WarriorClass
WarriorClass's picture

Damn right he is.  So is everyone else in the Federal govenment.


Thu, 07/11/2013 - 14:00 | 3742139 Cult_of_Reason
Cult_of_Reason's picture


BTW, Not only Bernanke is a domestic terrorist, he is also an asshole.

Thu, 07/11/2013 - 14:13 | 3742180 BLOTTO
BLOTTO's picture

"Who Is Bernanke Working For?"


A. Luciferian, human sacrificing, unmoral, Sun-worshiping Satanists.


Next Question?

Thu, 07/11/2013 - 14:58 | 3742360 MsCreant
MsCreant's picture

Statists, statists....

Thu, 07/11/2013 - 15:08 | 3742404 chumbawamba
chumbawamba's picture


Thu, 07/11/2013 - 15:46 | 3742559 Herd Redirectio...
Herd Redirection Committee's picture

So I was checking out Google Trends...

The word bubble worldwide is not really trending, but within the US it is, esp. in the last 12 months.  But if you look at the regional interest that is where things get interesting...  Google suggests its because searches for bubble butts are up.

Thu, 07/11/2013 - 15:47 | 3742565 MagicHandPuppet
MagicHandPuppet's picture

Hang the bastids!

Thu, 07/11/2013 - 14:15 | 3742187 kralizec
kralizec's picture

Yes, an asshole...reminds me of an oldie but a goodie -

The organs of the body were having a meeting, trying to decide who was
In charge. Each organ took a turn to speak up:

Brain......... I should be in charge because I run all body functions.
Blood........ I should be in charge because I circulate oxygen for the brain.
Stomach... I should be in charge because I process food to the brain.
Legs......... I should be in charge because I take the brain where it Wants to go.
Eyes......... I should be in charge because I let the brain see where it's going.
Asshole.....I should be in charge because I get rid of your waste.

All the other parts laughed so hard and this made the asshole very mad.
To prove his point, the asshole immediately slammed tightly closed and
Stayed that way for 6 days, refusing to rid the body of any waste whatsoever.

Day 1 - Brain got a terrible headache and cried out for relief
Day 2 - Stomach got bloated and began to ache terribly
Day 3 - Legs got cramps and became unstable
Day 4 - Eyes became watery and vision became blurred
Day 5 - Blood became toxic and poisoned the body
Day 6 -The other organs agreed to let the asshole be in charge.


Thu, 07/11/2013 - 14:24 | 3742225 Yes_Questions
Yes_Questions's picture



How appropriate mid work day, at the cube..

++ ((0))


Thu, 07/11/2013 - 15:57 | 3742602 Schwetty Shorts
Schwetty Shorts's picture

Makes sense then that he would work for the same man as Number 2

Thu, 07/11/2013 - 14:29 | 3742245 Ban KKiller
Ban KKiller's picture

This government would say Paul Revere was a "traitor". Redcoats to the last. 

Thu, 07/11/2013 - 15:01 | 3742373 max2205
max2205's picture

Rick is for sure, on the No Fly List

Thu, 07/11/2013 - 14:33 | 3742261 FlipFlop
FlipFlop's picture

I was wondering if the recent rise in house prices actually means the start of fiscal dominance as people move from paper assets such as currency and government bonds to anything tangible.

Sargent and Wallace wrote a paper which was heavily referred to by John Cochrane in his paper about fiscal dominance as opoosed to monetary dominance since 1980s.

According to theory, fiscal deficits drive inflation regardless of the central bank's intentions.

Thu, 07/11/2013 - 16:02 | 3742619 Welder
Welder's picture

Not quite domestic....

Thu, 07/11/2013 - 16:05 | 3742631 Welder
Welder's picture

Not quite domestic....


Thu, 07/11/2013 - 13:54 | 3742117 francis_sawyer
francis_sawyer's picture

He's wasting his time... Everybody knows that Indiana quarried limestone has special properties that, when fit together in a certain way, prints money all by itself...

Thu, 07/11/2013 - 15:44 | 3742553 prains
prains's picture

Don't you have to rub it together, just so!

Thu, 07/11/2013 - 14:03 | 3742149 maskone909
maskone909's picture

HEY!  I just realized that EVERY ONE HAS A JOB! we are all working for the FED!

Thu, 07/11/2013 - 15:03 | 3742383 U4 eee aaa
U4 eee aaa's picture

Debt slaves

Thu, 07/11/2013 - 15:23 | 3742396 OneTinSoldier66
OneTinSoldier66's picture

As Judge Andrew Napolitano has questioned numerous times...


"Does the Government work for us or do we work for the Government?"


The Fed is a creation of the Government. The Federal Reserve Act is an act of Congress. There was a change in the monetary system by Congress with the Federal Reserve Act. No Amendment to the Constitution. Congress did an end run around the Constitution.

Thu, 07/11/2013 - 17:48 | 3742997 bornlastnight
bornlastnight's picture

Not to mention that it was Woodrow Wilson (DEMOKRAT) that signed the Federal Reserve Act into law.  You know,  that Wilson who got us into WW! by declaring war on Germany, pushed the League of Nations that expelled Japan for waging war in China which resulted in Japan bombing Pearl Harbor that allowed President Roosevelt (DEMOKRAT) to declare war on Japan...yeah...that Wilson.

Fri, 07/12/2013 - 03:17 | 3744243 All Risk No Reward
All Risk No Reward's picture

The real villains are the OWNERS of the mega banks that control the Fed.

But it is true we all work for this Federal Reserve System.

Think about it like this...  every company has a widget, a product that they sell.

What do bankster sell?  Why debt, of course.  What is debt money.  Money is debt.

What is the legal corporate mandate?

Why, to maximize profits.  What are profits?  Money.  Debt.  Bankster Widgets.

Another way to restate the legal corporate mandate to maxmize profits is "maximize bankster widgets outside of your corporate entity."

We all work to maximize outstanding bankster debt enslavement widgets.

I just described a financial BORG that is taking us all over.

This is why I don't have patience for people who think these rulers are stupid.  This mofo system is incredible in its operation - I can't rule out supernatural.

Thu, 07/11/2013 - 14:27 | 3742239 Nostradamus
Nostradamus's picture

Are you ever going to post another blog here on Zerohedge?  The first installment was pretty awesome.

Thu, 07/11/2013 - 14:46 | 3742315 chumbawamba
chumbawamba's picture

Really?  Hmm.  Ok, well, just for you, Nostradamus, look for the next installment tonight.  Although, somehow, I think you already knew this.


Thu, 07/11/2013 - 14:41 | 3742286 Parisnights
Parisnights's picture

Seems like chumbawamba has been sniifing too many of maria fartoromas farts.  Get well soon chumb, get well soon....

Thu, 07/11/2013 - 15:52 | 3742580 Bay of Pigs
Bay of Pigs's picture

No, he is pointing out the hypocrisy of Santelli (who is nothing but controlled opposition on the BlowHorn).


Fri, 07/12/2013 - 00:44 | 3744070 jerry_theking_lawler
jerry_theking_lawler's picture

If Rick keeps this up....he better sell his vehicles....and ride his bike to work....its hard to put thermite on one of those and get away with it.....

Thu, 07/11/2013 - 13:47 | 3742084 Zer0head
Zer0head's picture

love these rhetorical questions

Thu, 07/11/2013 - 15:03 | 3742382 Momauguin Joe
Momauguin Joe's picture

Oh yes, the good old controlled opposition, like Santelli. Always good to pressure relief valve some 'righteous anger' on the boobtube. Keeps the homeless foreclosed former middle class from pulling a Malvo/Mohammad ride through the Hamptons. 

Thu, 07/11/2013 - 14:07 | 3742161 Silveramada
Silveramada's picture

Ben works for a bunch of european oligarchs dinosaurs ... easy

Thu, 07/11/2013 - 14:09 | 3742166 Super Marco
Super Marco's picture

I'm on that Rick Santelli and alcohol.

Thu, 07/11/2013 - 15:34 | 3742512 A Nanny Moose
A Nanny Moose's picture

Isn't plurality and monarchy mutually exlusive?

Thu, 07/11/2013 - 15:56 | 3742595 1100-TACTICAL-12
1100-TACTICAL-12's picture


Thu, 07/11/2013 - 20:13 | 3743421 The Count
The Count's picture

...and thus also control a part of the FED. Now how many people know that (outside of ZH)?

Thu, 07/11/2013 - 13:42 | 3742053 Cognitive Dissonance
Cognitive Dissonance's picture

"Just who is Bernanke working for?"

That is the show stopping cognitive dissonance so many people trip over. To answer it honestly requires re-examining EVERYTHING we think we know.

<That way be pain. So full speed ahead and damn the fiat.>

Thu, 07/11/2013 - 13:51 | 3742094 francis_sawyer
francis_sawyer's picture

Damn Bangladeshis!

Thu, 07/11/2013 - 13:54 | 3742114 NoDebt
NoDebt's picture

Um.... my schedule's pretty full right now.  Can we do this whole "honest re-examination of everything I think I know" maybe sometime after Labor Day or better yet after the New Year?  I'm make it a New Year's resolution, how's that sound, partner?

In the meantime, I'll have to make do with a lousy $85B/mo. in QE.  It won't be easy, but I think I can do it.

Thu, 07/11/2013 - 14:13 | 3742178 Philo Beddo
Philo Beddo's picture

Who he is working for could be a show stopper, but the real question is, what is he really trying to accomplish.  And not this stable price and employment B.S.   My wife always yells at me after a few soda pops when I get going on the bearded one, but I still maintain he knows EXACTLY what he is doing.   These results are not an accident and are soley intended to collapse everything.   It may be a few years yet, but the Federal Reserve will go bankrupt, be audited, and disbanded.  How else are you going to get to your one world bank?

Like our Chicago friends say:

Create a problem:  Federal Reserve    

Provide the solution:  One World Bank

The key is trying to paint a picture that seems like they are trying their best for the sheeple.   Hence the lies...



Thu, 07/11/2013 - 14:58 | 3742358 SilverIsKing
SilverIsKing's picture

Controlled demolition.  When it appears that the world financial system is collapsing and everyone is going to lose everything, they will provide the 'solution.'

Thu, 07/11/2013 - 15:09 | 3742407 lakecity55
lakecity55's picture

...which is why you have an EO to control all known forms of communication....just to make sure your 'message' gets thru.

Thu, 07/11/2013 - 15:32 | 3742502 Herd Redirectio...
Herd Redirection Committee's picture

They want the USD system, without the benefits for the avg American.

Therefore they need a global reserve currency, not named the USD.

Thu, 07/11/2013 - 15:07 | 3742401 Panafrican Funk...
Thu, 07/11/2013 - 15:57 | 3742588 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Yep classic inverted Marxism at its best here, turning manufacturing a solution to solve a problem into manufacturing a problem to fit the solution. And not only that but selling it as help for the worker aka lower unemployment and fixing the economy. Unless you are a moron (unfortunately there seems to be no shortage of them educated and otherwise) you can see Bubblehead Ben and the FED's policy is doing the exact opposite of the bullshit they are claiming.

Thu, 07/11/2013 - 18:36 | 3743152 Non-U
Non-U's picture

The U.S. slipped from a constitutional democracy (democracy framed by the Constitution) to a homocratic démocracy (democracy framed by the Human Rights). The last one doesn't accept boundaries so all the system is working for a One World Governement and it's the reason why you need a One World Bank. Never forget it's always the ideology who leads the economy.

Thu, 07/11/2013 - 14:15 | 3742186 Solon the Destroyer
Solon the Destroyer's picture

It no longer matters who Bernanke works for.

Bernanke is now the bitch of the bond vigilantes. He proved that last night.


Thu, 07/11/2013 - 16:10 | 3742636 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Treasuries will be last man standing in the paper game. They have to be or else everything else no longer matters including the FED once the US government no longer exists. They can't control the anger and weapons from being turned on them and in turn the whole finance and banking industry by the low class peons at that point. You think the military or what is left of it is going to take their toilet paper let alone provide them with any sort of protection when they can use their guns to take whatever they want by force and no longer constrained by a bunch of bureaucrats. Not only that what will the FED bring to the table at that point that the Scotts company doesn't already manufacture and manufacture better and with a larger variety of tangible useful things. The FED is fucked with a capital F at that point.

Thu, 07/11/2013 - 13:44 | 3742055 Tenshin Headache
Tenshin Headache's picture

Perhaps we can divine his allegiances by reviewing the ownership of the Federal Reserve.

Thu, 07/11/2013 - 14:33 | 3742123 francis_sawyer
francis_sawyer's picture

Remember, fellow ZH'ers... Thou shalt only 'junk' francis_sawyer comments [in the future] for asking the same question...

<== <CLICK HERE. if you'd like to apply for the 'water carrier' job opening & enjoy that salty taste of balls in your mouth>


Edit: Since there appear to be a lot of 'takers' on that... If anyone wants ~ I'll try & find a nice recipe of gefilte fish & salty balls... [& have it served at your upcoming Hamptons Luau]...

Thu, 07/11/2013 - 15:04 | 3742384 MsCreant
MsCreant's picture

How do you know they are salty? ;-)

Thu, 07/11/2013 - 15:29 | 3742464 francis_sawyer
francis_sawyer's picture

Legend has it... [but I'll bow to your expertise ~ & HERE'S the 'recipe' I promised]...


Thu, 07/11/2013 - 15:50 | 3742575 prains
prains's picture

if you can't find any chocolate during the nuclear winter try these balls;

Thu, 07/11/2013 - 15:32 | 3742500 kaiserhoff
kaiserhoff's picture

West Virginia mountain oysters?  or worse...

Thu, 07/11/2013 - 15:45 | 3742556 francis_sawyer
francis_sawyer's picture

the latter [I'm guessing]...

Thu, 07/11/2013 - 15:34 | 3742513 FightingtheFed
FightingtheFed's picture

You just mad because Obama has done a great job on the economy!


Obama is the smartest President ever.. Everybody makes money under Obama.

Thu, 07/11/2013 - 15:40 | 3742533 thismarketisrigged
thismarketisrigged's picture

obama is the biggest piece of shit to roam this planet. 


he has done nothing good.


this is why i hope this thing comes unraveling under his presidency, because the man has gotten away with so much fucking shit, he deserves to fucking suffer real bad.


nothing would be more deserving for this fucking bastard than for the economy to crash so bad making 2008 look like a picnic, right before he leaves. 



Thu, 07/11/2013 - 13:41 | 3742056 samsara
samsara's picture

The question has merit.   I wish he would have filled in the answer for America.

The Private Corporation called the FED is OWNED by the big banks.   In the US and Europe.

In essence,  He is working for those whom the Fed Chairmans have always worked for.

David Rockefeller,  Rothchilds,  et al.


Thu, 07/11/2013 - 13:53 | 3742106 Herd Redirectio...
Herd Redirection Committee's picture

People will reject it if you tell them the answer.  You have to get people to ask themselves the question.  Hopefully 5 or 10% actually look into it, and find ZH specifically, or more about usurious fractional reserve banking banking cartel.

Thu, 07/11/2013 - 13:42 | 3742057 optimator
optimator's picture

Who's he working for?  Just check out his notification list for where he's planning to move markets each day.  Why, with NSA, FBI, NSO, RSO, USO, it shouldn't be very difficult.  Lets do it.

Thu, 07/11/2013 - 13:41 | 3742058 1000yrdstare
1000yrdstare's picture

Is Santelli that naive?, He should know who he works for, "THE ONES THAT SHALL NOT BE NAMED!"

(remove tinfoil hat)

Thu, 07/11/2013 - 13:54 | 3742116 Cognitive Dissonance
Cognitive Dissonance's picture

But....but.....but the Federal Reserve act was passed by Congress and the Fed Chairman testifies twice a year to Congress. And he (or she) works at the pleasure of the president. Plus the word "Federal" in "Federal Reserve" means Bernanke is working for "We the People".


<Please tell me another lie Daddy so that I may believe it is the truth.>

Thu, 07/11/2013 - 14:37 | 3742274 combatsnoopy
combatsnoopy's picture

Congres is the glorified pimp.  They pimp us out to K&J Streets.  Congress is their vehicle. Ghost ride that whip Daddy!

Thu, 07/11/2013 - 15:17 | 3742428 OneTinSoldier66
OneTinSoldier66's picture

"Plus the word "Federal" in "Federal Reserve" means Bernanke is working for "We the People".


Then I've found that you have to ask exactly who is "We" in We the People.


I've never met Mr. We, whom has managed to rack up 17 Trillion dollars in debt(whatever a dollar is). And I've been led to believe that he did it in my name, which of course is impossible. Anyway, if I manage to catch up with Mr. We someday I've got some questions for him.

Thu, 07/11/2013 - 14:15 | 3742184 ArkansasAngie
ArkansasAngie's picture

Personally ... I don't take my tin foil hat off

Thu, 07/11/2013 - 15:23 | 3742454 OneTinSoldier66
OneTinSoldier66's picture

Do you happen to have any Conspiracy "Theories" left for us that remain...... just a theory?


I don't think there's many of those left, if any! Okay, maybe Contrails.

Thu, 07/11/2013 - 16:17 | 3742668 Bring the Gold
Bring the Gold's picture

Look up geo-engineering. Parts of Europe banned it.

Thu, 07/11/2013 - 15:38 | 3742527 FightingtheFed
FightingtheFed's picture

Don't be hating on God's chosen.. They are just real wise when it comes to money.. They are very had workers and extremely intelligent. And generous too! Bernanke just wants what's best for us Americans. He's trying to save us.

Thu, 07/11/2013 - 15:38 | 3742528 FightingtheFed
FightingtheFed's picture

Don't be hating on God's chosen.. They are just real wise when it comes to money.. They are very had workers and extremely intelligent. And generous too! Bernanke just wants what's best for us Americans. He's trying to save us.

Thu, 07/11/2013 - 13:43 | 3742061 CheapBastard
CheapBastard's picture

Rising Mortgage Loan Rates Continue Upward Trend


The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4% in the group’s seasonally adjusted composite index, following a drop of nearly 12% for the previous week. For the second week in a row, rates for all types of fixed-rate loans rose by at least 10 basis points during the week.


The seasonally adjusted purchase index decreased by 3% from the last report. On an unadjusted basis, the composite index dropped by 23% week-over-week.


I'm gonna take a wild guess and say MSM feel this is a "Bullish" sign?

Thu, 07/11/2013 - 13:43 | 3742063 McMolotov
McMolotov's picture

Ben Bernanke's workin' for the weekend. </Loverboy>

Seems like he's phoning it in, just coasting along, trying to keep the system afloat until he can exit stage left. He knows how this story ends.

Thu, 07/11/2013 - 13:45 | 3742067 101 years and c...
101 years and counting's picture

I wish nothing but the best for Bernanke in retirement.  A brand new noose to hang him with?  Ultimate gasoline to pour on him before lighting a match.  A bottle of Advil to swallow instead of the generic brand.  You get the point.

Thu, 07/11/2013 - 15:07 | 3742402 MsCreant
MsCreant's picture

No fair, Greenspan needs your love too.

Thu, 07/11/2013 - 13:45 | 3742069 LongBalls
LongBalls's picture

Santelli knows the answer: Chairsatan is working for the people who own him, the banks, and the largest corporations. Same as Obama, same as congress, same as you and me. Everytime we cash a check or use thier toilet paper in exchange for goods and services we give them a wink.

Thu, 07/11/2013 - 14:32 | 3742256 24KGOLD FOIL HAT
24KGOLD FOIL HAT's picture

You got the Macro, Balls. 

The Micro is Mr. Bernanke was told to say "TAPER" a few weeks back.  This was after his masters had opened their positions to profit from that big move.

This week, he was ordered to say "PARTY ON" after his masters had positioned to profit from $ down, gold up, Euro up, Pound up, etc.

These "statements" allow the frontrunners to make billions.  Which costs pension funds, retirement funds to lose billions.

See Ron Paul on winding down Fed Reserve power.

Fri, 07/12/2013 - 19:07 | 3743323 LongBalls
LongBalls's picture

Agreed. I posted on another thread that the Bernank was just flapping his gums to let air out of the bubble. It is amazing how short our memories are. The EU has and is doing this almost daily. The threat of tapering is just as effective as tapering. It is verbal inflation control for commodities. Those in the know understand that the Fed only has one game. Print....that's it. If printing stops the US government defaults and they loose thier power structure. Not going to happen.

Thu, 07/11/2013 - 21:37 | 3743643 AynRandFan
AynRandFan's picture

When you have an army, and an IRS, the banks work for you.

Thu, 07/11/2013 - 13:45 | 3742070 Bay of Pigs
Bay of Pigs's picture

Enough of this guy already. If he can't connect the dots and call people out, then fuck him.

This is becoming a joke.

Thu, 07/11/2013 - 14:03 | 3742150 ebworthen
ebworthen's picture

He has to walk a fine line if he wants to have a place on the stage and be able to ask questions like these.

I have no doubt he has connected the dots; if he called it out versus asking questions he would be gone.

It is a joke, but we have to be thankful that actors who disagree with the King have some voice left.

Thu, 07/11/2013 - 14:28 | 3742243 FEDbuster
FEDbuster's picture

They let Santelli rant, because no one is watching CNBC.  If someone would offer to give Santelli five minutes at half time of the Superbowl, then They would have to hot tub, car wreck, gas leak explosion, etc... him.

Thu, 07/11/2013 - 13:45 | 3742071 The Proletariat
The Proletariat's picture

It sounds like Santelli has some unintelligent friends if they believed things were better at election time

Thu, 07/11/2013 - 14:01 | 3742144 HelluvaEngineer
HelluvaEngineer's picture

Nah. They just all live in Manhattan, go to the nice places, and see zero signs of anything bad happening to real people.

Thu, 07/11/2013 - 20:51 | 3743524 Bay of Pigs
Bay of Pigs's picture

That is my beef with all of these jokers. The FED is killing the elderly with ZIRP, the middle class exporting jobs, and everyone else debasing the USD via inflation. I have never heard anyone on the BlowHorn suggest the FED should be eliminated or have it's powers on money creation restricted.

None of them ever tell the real truth of the grinding poverty and broken dreams in America. Easier to keep believing the lies and bullshitting the people with fairy tales. 

Thu, 07/11/2013 - 13:45 | 3742072 NoDebt
NoDebt's picture

I need more cowbell.

Thu, 07/11/2013 - 13:49 | 3742076 medium giraffe
medium giraffe's picture

Who is Bernanke working for?

Babylon. Same as you Santelli.

Thu, 07/11/2013 - 14:28 | 3742242 john39
john39's picture

Truth. until people understand what that really means, this only gets worse.

Thu, 07/11/2013 - 13:47 | 3742080 I am Jobe
I am Jobe's picture






United Tech

Not for the citizens of the USSA.

Thu, 07/11/2013 - 13:50 | 3742093 JJ McApe
JJ McApe's picture

In other words, Bernanke will continue to borrow money from futue generations to keep the party going today. This type of short-term thinking is the reason why the US will eventually collapse.

Thu, 07/11/2013 - 15:37 | 3742523 Herd Redirectio...
Herd Redirection Committee's picture

If by collapse you mean reneg on all these promises made on behalf of future generations, then sure, eventual collapse is a certainty.   The key is NOT to be one of the people believing or counting on those promises (Medicaid, SS, hell, even food stamps and pensions).

Thu, 07/11/2013 - 13:51 | 3742096 starman
starman's picture

if the US  "fedocratic" sysyem doesnt crack in the coming months we might as well move to China

Thu, 07/11/2013 - 13:51 | 3742097 Duc888
Duc888's picture

"Who is he working for"?


  A private corporation dummy. 





Thu, 07/11/2013 - 21:34 | 3743634 AynRandFan
AynRandFan's picture

He's a political appointee.  He works for the government.

Thu, 07/11/2013 - 13:51 | 3742098 1000yrdstare
1000yrdstare's picture

Awsome!, I got down arrowed by Rick Santelli!!!  

Thu, 07/11/2013 - 13:53 | 3742101 Widowmaker
Widowmaker's picture

Bernanke sucks money Inc's dick.  No other facet of anything matters at all.

Savers go fuck yourselves.

Jobless/underemployed go fuck youselves.

Record bonuses for the .1%.

The rest eat cake.

Thu, 07/11/2013 - 13:56 | 3742102 ebworthen
ebworthen's picture

Sometimes, the best way to make a definitive statement is to ask a question - in order to break through the permafrost of denail and delusion of the somnolent mind.

Statements don't require action, questions do.  Who is Bernanke working for? 

Not you, not me, not our children or grandchildren, nor for The Constitution.

Who is left?  The crony capitalists & the global cabal of parasitic bankers.

The politicians are complicit lapdogs who do not work for us either.

Welcome to plantation slavery, 21st Century style.

Thu, 07/11/2013 - 13:53 | 3742105 Cheeseus Sonofdog
Cheeseus Sonofdog's picture

Bernanke is retiring. A better question is who is paying for his golden parachute?... Still, I didn't hear Bernanke say tapering is off the table.

Thu, 07/11/2013 - 13:54 | 3742113 1000yrdstare
1000yrdstare's picture

Rick, I know you are here.... you're next rant should include.....FUCK BERNANKE!!!!

Thu, 07/11/2013 - 14:01 | 3742145 lasvegaspersona
lasvegaspersona's picture


Thu, 07/11/2013 - 13:55 | 3742118 reTARD
reTARD's picture

Rick should know this. No one really works for any other people. Everyone, every individual ultimately works for his/her our good and survival just as everyone dies on their own.

Thu, 07/11/2013 - 14:00 | 3742121 sgorem
sgorem's picture

wtf? how about some GOOD NEWS for a change?!? this whole perverted disaster will be just fucking history, in a CENTURY or two..................

Thu, 07/11/2013 - 14:29 | 3742248 Toolshed
Toolshed's picture

"wtf? how about some GOOD NEWS for a change?!? the whole perverted human species will be just fucking history, in a DECADE or two.................."


You are welcome.

Thu, 07/11/2013 - 13:59 | 3742124 Nid
Thu, 07/11/2013 - 13:57 | 3742126 eddiebe
eddiebe's picture

Come on Rick! Are you really that naive?

Thu, 07/11/2013 - 13:58 | 3742129 reTARD
reTARD's picture

Where's our friend MDB? I'm ready. I have my cup of coffee (nose cleared) and am sitting in my mom's basement.

Thu, 07/11/2013 - 13:59 | 3742131 eddiebe
eddiebe's picture

Oh, and get some anger management, while you go back to school. I'm sure you can afford it.

Thu, 07/11/2013 - 14:10 | 3742174 resurger
resurger's picture

It seems you are not paying attention.

Thu, 07/11/2013 - 13:59 | 3742134 optimator
optimator's picture

If Rick answered his own question you'd never see him again, he'd become what the old Soviet Union called a "Non Person".  Remember, if you can't talk about them they own you.

Thu, 07/11/2013 - 14:00 | 3742136 wcvarones
wcvarones's picture

Who does #2 work for?

Thu, 07/11/2013 - 15:16 | 3742427 MsCreant
MsCreant's picture

That's right buddy, you show that turd who's boss!

Thu, 07/11/2013 - 14:03 | 3742140 Mad Mohel
Mad Mohel's picture

Santelli is a token piece kept on for his bullshit righteous anger schtick. If the motherfucker was really pissed, he would shit on the floor and walk out never to come back. Motherfuckin actor.

Thu, 07/11/2013 - 14:10 | 3742173 Bastiat
Bastiat's picture

There's real value in having his voice heard by the sheep.  If he's just an actor, he's a good one and I like his character.

Thu, 07/11/2013 - 14:35 | 3742264 Mad Mohel
Mad Mohel's picture

If the whole cast of the channel was exactly like Cramer, people would sooner see it for the circus that it is. Bullshitters like Santelli try to give the impression that the game is fair and there are opposing voices. Bullshit!!! All company men to the core.

Thu, 07/11/2013 - 14:01 | 3742143 Seasmoke
Seasmoke's picture

The Tribe. 

Thu, 07/11/2013 - 14:09 | 3742164 PierreLegrand
PierreLegrand's picture

The economy is racist

Thu, 07/11/2013 - 14:10 | 3742165 Slipstack
Slipstack's picture

Could it be that Ben got order to stop any taper talk before the german election? If Spain or Italy deplete the ESM before the election Merkel might have a huge problem.

If they keep interest rates low until the election Merkel will get reelected with a big majority, the german constitutional court will probably rule that her policy is generally accepted by the people and she can go on with the ESM and other "stabilization", which means that more taxpayer money will keep the banking system alive.

I think there will be no more taper talk till the end of september. After that they will try again as Merkel can do whatever she wants to - which is save the Euro at any cost to the german taxpayer.

Thu, 07/11/2013 - 14:10 | 3742168 ArkansasAngie
ArkansasAngie's picture

Find your inner Edward Snowden
Lets hear names
I getting pretty darn tired of this wink wink nudge nudge shat

Thu, 07/11/2013 - 14:11 | 3742176 f16hoser
f16hoser's picture

The Jewish-Nazi Oligarchy. There, "That Was Easy!"

Thu, 07/11/2013 - 17:00 | 3742828 Lost Word
Lost Word's picture

Since the Monarchs/Oligarchs 2000 year claim of genealogical descent from the ancient Kings of the Jews.

Thu, 07/11/2013 - 14:16 | 3742191 AustrianJim
AustrianJim's picture

The Treasury will pay back all the debt as soon as the economy bounces back, right?

Thu, 07/11/2013 - 14:18 | 3742199 JohnnyDollar
JohnnyDollar's picture

Keep the pressure up Rick.

This stuff will continue until all the "bad paper" has been moved to the Fed's book....with the help of the FASB of course. (independence.  Really? I don't think so.)

Ben will let someone else worry about the treasury debt, so I don't think it's all about interest rates....except to the extent he can get a right hook to the jaw of Bill Gross....better be careful with next month's Outlook Bill; He might go for a +3% 10yr in August.



Thu, 07/11/2013 - 14:18 | 3742201 Goldbugger
Goldbugger's picture

The other question is. Who is OBAMA working for?

Obama signs executive order to allow shut down of all US communications

Thu, 07/11/2013 - 15:01 | 3742338 lakecity55
lakecity55's picture

Piece by piece, brick by brick, he has been updating and creating EOs since 2009.

When the last one is signed and implemented, he will have a Machine.

Then he will flip the switch and turn it on.

Pretty soon, we are going to find out just how much evil is really in those orders.

Thu, 07/11/2013 - 17:42 | 3742976 samsara
samsara's picture


Answer the first question and you answer your question.

Thu, 07/11/2013 - 14:19 | 3742208 Yes_Questions
Yes_Questions's picture



C'mon Rick.

Just stop.


Al Jazeera U.S. won't have a financial show.  FOX Business worse off then CNBC.


You like Kudlow's office?  Move along now.


Thu, 07/11/2013 - 14:21 | 3742216 pragmatic hobo
pragmatic hobo's picture

Bernanke and the Fed, like SCOTUS, POTUS, congress, etc, works for banks and corporations. The bottom 90% are slaves. People who still talk about middle class and etc etc really need to get their head out of their ass.

Thu, 07/11/2013 - 14:31 | 3742254 El Hosel
El Hosel's picture

If Santelli even pretends to ask questions he is doing more than most.... Most of us Sheep don't talk at all.

Thu, 07/11/2013 - 17:04 | 3742843 Lost Word
Lost Word's picture

Criminal Banks and Criminal Corporations for Criminal Governments.

Thu, 07/11/2013 - 17:23 | 3742917 They trynna cat...
They trynna catch me ridin dirty's picture

"Banks and corporations" are made of nothing but people.

The question is, who are those people?

The answer: the same people who have been behind it for centuries.

Thu, 07/11/2013 - 14:28 | 3742236 yogibear
yogibear's picture

Bubble Bernanke, Evans, Dudley, Fisher and Yellen all want to take the stock market back to their highs. Bubblize everything again. 

This bubble gongto be super big! Take it up all the way Fed banksters. Print like Zimbabwe.

Infinite in a finite world.

Thu, 07/11/2013 - 14:29 | 3742247 orangegeek
orangegeek's picture

Santelli completes the dog and pony show.  Santelli talks fact, but he positions like he's the only one who understands.


I'd rather watch old Seinfeld shows for entertainment.



Thu, 07/11/2013 - 14:38 | 3742275 CaptainSpaulding
Thu, 07/11/2013 - 14:34 | 3742263 Inthemix96
Inthemix96's picture

If people are impressed by shirts and ties like santelli sounding off, and acting like bigmen, just wait till they meet a real one.

Not me by the way, but I know through my life experiences, and general folk I know, mr fucking santelli will shit his pants when he he meets some of 96's friends.

And before you meet them son, I will make them well aware of the problem you help persist.

You fuck entire countries over pigmen?  You will in short order, and in short time wish you hadnt.  Not everyone goes to work in a suit, and most folk I personaly know would give the likes of bernslankes, and santelli ten seconds as to why they dont kick the fuck out of them, after screwing them over.

Time will not be nice to TPTB, because little by little people like inthemix make more and more people aware of the scam we call life.  And as they realise this, they pass this on, its the hundreth monkey effect.

Its working.  Be aware pigmen, your time is running out faster than even I thought.


Thu, 07/11/2013 - 21:20 | 3743601 AynRandFan
AynRandFan's picture


Thu, 07/11/2013 - 14:36 | 3742266 Benjamin Glutton
Benjamin Glutton's picture

Rick------------> Bernanke is working for counterfeiters and deadbeat depositors.




Thu, 07/11/2013 - 14:36 | 3742268 JR
JR's picture

Ezra Pound paid the price for ultimately revealing for whom Bernanke works – thirteen and a half years as a political prisoner at St. Elizabeth’s Hospital in Washington, DC, a Federal institution for the insane.

This, of a man who was a veteran of the U.S. Air Force with 38 months' active service during WWII, educated at no less than three universities and two institutions of the arts.

This, of a man of whom Ernest Hemmingway wrote:

Ezra was kinder and more Christian about people than I was. His own writing, when he would hit it right, was so perfect, and he was so perfect, and he was so sincere in his mistakes and so enamored of his errors, and so kind to people that I always thought of him as a saint… Ezra was the most generous writer I have ever known and the most disinterested. He helped poets, painters, sculptors and prose writers that he believed in and he would help anyone whether he believed in them or not if they were in trouble. He worried about everyone and in the time when I first knew him he was the most worried about T.S. Eliot who, Ezra told me, had to work in a bank in London and so had insufficient time and had bad hours to function as a poet.

Ezra founded something called Bel Esprit …the idea of Bel Esprit was that we would all contribute a part of whatever we earned to provide a fund to get Mr. Eliot out of the bank so he would have money to write poetry. This seemed like a good idea to me and after we had got Mr. Eliot out of the bank Ezra figured we would go right straight along and fix up everybody…

This is the man, Dr. Ezra Pound, who commissioned Eustace Mullins in 1948 to write Mullins On the Federal Reserve which reveals the owners and operations of the Fed.

While Mullins as a young man was visiting Pound in St. Elizabeth’s, Dr. Pound asked him if he “had ever heard of the Federal Reserve System.”

“I replied that I had not, as of the age of 25. He then showed me a ten dollar bill marked ‘Federal Reserve Note’ and asked me if I would do some research at the Library of Congress on the Federal Reserve System which had issued this bill. Pound was unable to go to the Library himself, as he was being held without trial as a political prisoner by the United States government. After he was denied broadcasting time in the U.S., Dr. Pound broadcast from Italy in an effort to persuade people of the United States not to enter World War II. Franklin D. Roosevelt had personally ordered Pound’s indictment, spurred by the demands of his three personal assistants, Harry Dexter White, Lauchlin Currie, and Alger Hiss, all of whom were subsequently identified as being connected with Communist espionage.”

Mullins’ book, researched at the Library of Congress, was reviewed daily and directed by George Stimpson, founder of the National Press Club in Washington of whom The New York Times called in 1952, “A highly regarded reference source in the capitol. Government officials, Congressmen, and reporters went to him for information on any subject.”

It was “the first nationally-circulated revelation of the secret meetings of the international bankers at Jekyll Island, Georgia, 1907-1910, at which place the draft of the Federal Reserve Act of 1913 was written.

Said Mullins, “I had no interest in money or banking as a subject because I was working on a novel. Pound offered to supplement my income by ten dollars a week for a few weeks. My initial research revealed evidence of an international banking group which had secretly planned the writing of the Federal Reserve Act and Congress’ enactment of the plan into law. These findings confirmed what Pound had long suspected. He said, ‘You must work on it as a detective story.’”

No foundation support could be found for the research after Pound’s funds ran low even though the foundation applications were sponsored by three leading poets of America, Pound, e.e. Cummins and Elizabeth Bishop. Then, after two years of research, when no publisher would or could touch it, two of Pound’s disciples, John Kasper and David Horton, used their private funds for its publication.

“In 1955, Guido Roeder brought out a German edition in Oberammergau, Germany. The book was seized and the entire edition of 10,000 copies burned by government agents led by Dr. Otto John.

“The burning of the book was upheld April 21, 1961 by Judge Israel Katz of the Bavarian Supreme Court.

“During the intervening years, the author continued to gather new and more startling information about the backgrounds of the people who direct Federal Reserve policies. New information gathered over the years from hundreds of newspaper, periodicals, and books give corroborating insight into the connections of the international banking houses.”

This culminated in publication of The Secrets of the Federal Reserve.

I have the third edition of this latter book printed in 1985 and “dedicated to two of the finest scholars of the twentieth century, GEORGE STIMPSON and EZRA POUND…”


“The shareholders of these banks which own the stock of the Federal Reserve Bank of New York (which sets the interest rates and directs open market operations, thus controlling the daily supply and price of money whose stockholders are the real directors of the entire system) are the people who have controlled our political and economic destinies since 1914.

“They are the Rothschilds, of Europe, Lazard Freres (Eugene Meyer), Kuhn Loeb Company, Warburg Company, Lehman Brothers, GoldmanSachs, the Rockefeller family, and the J.P. Morgan interests (Rothschild).” --  Eustace Mullins, The Secrets of the Federal Reserve, p. 34. Copyright 1983

Thu, 07/11/2013 - 14:52 | 3742335 samsara
samsara's picture

Perfectedly stated JR.  

Good Job. 

Everyone should find a copy fo Mullin's "The Secret of the Federal Reserve"  and understand who their landlords are.

They are contained in JR's last paragraph...

Thu, 07/11/2013 - 18:56 | 3743216 Treason Season
Treason Season's picture

At the very least one should watch some of his vidoes on the net, very enlightening.

On a sidenote, Mullins struck me as a Mandela type character, knowing all the evil the FRS is and yet still capable of laughing and smiling in the face of it.

R.I.P. Eustace

Thu, 07/11/2013 - 14:39 | 3742276 icanhasbailout
icanhasbailout's picture

As Santelli notes, maybe, just maybe, it is all about interest rates and the cover for a Treasury with "boatloads of unsustainable debt."


I was pointing this out in 2007. ZIRP exists because to do otherwise will blow the federal government budget all to hell. It's an extremely easy exercise - calculate what we're spending on interest at our current 1-2% rates ($250B/year or thereabouts) vs what we would have to spend in a normal interest rate environment.


At a modest blended interest rate of 5%, this wrecks the federal budget in no uncertain terms, forcing cuts to the tune of something the size of Medicaid or DoD. If interest rates hit the 7-8% range, debt service on $17 trillion dollars consume ALL government revenues, which would be a very interesting situation in terms of how they would manage to function at all.


But we're still adding debt at a massive rate, to the tune of $1T/year. Theoretically, that means debt service outstrips total federal revenue eventually anyway, although ZIRP can kick that can well down the road.


The implications could have me typing for quite some time, spelling them all out. But you're all clever folks who can do math, so I'm sure you can work them out yourselves.

Thu, 07/11/2013 - 14:43 | 3742298 lakecity55
lakecity55's picture

So the choice was between normal working markets and..........socialism.


All that destruction for some votes and free cell phones.

Thu, 07/11/2013 - 16:11 | 3742650 newworldorder
newworldorder's picture

Not aonly that, but it keeps the torches and pitchforks from coming out. Its either financial socialism or anarchy in the streets. Not only in the US but Europe as well. Look at what  Bennie has accomplished with his various SWAP lines in europe. He is keeping them afloat as well.

Worldwide - It its one big game of ALL or Nothing. Any questions?

Thu, 07/11/2013 - 14:39 | 3742277 Bokkenrijder
Bokkenrijder's picture

"Boatloads of unsustainable debt?" I never heard Rick use the word 'unsustainable."

Thu, 07/11/2013 - 15:38 | 3742526 knukles
knukles's picture

Well, it is a big word for us bond guys...
More than 2 syllables and it starts to look female and upright...

Thu, 07/11/2013 - 14:40 | 3742281 Bunga Bunga
Bunga Bunga's picture


Thu, 07/11/2013 - 14:43 | 3742299 thismarketisrigged
thismarketisrigged's picture

santelli better bring his A game on closing bell exchange today.


i want to see him get into it with some of the douchebags who will prob say that the economy is improving and stocks are fairly valued and still have room to go higher.

Thu, 07/11/2013 - 14:50 | 3742324 Yen Cross
Yen Cross's picture

     Bernanke has lost any credibility that he may of had. No one will take that {2 headed hydra} seriously after he completely "FISTED" dollar longs yesterday. The markets are at all time highs, and CL is down almost 2$.

      That asshole better call the guy that built Corzines moat. Lord knows he's gonna need it!

Thu, 07/11/2013 - 14:51 | 3742330 dermlord
dermlord's picture

He's working for Jeff Bezos. AMZN over $300/share, added more in market cap today than entire earnings in 19 years of existence.

Thu, 07/11/2013 - 14:55 | 3742349 Hongcha
Hongcha's picture

I don't share the love for this guy.  He's on a leash like the rest of them.

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