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Rick Santelli Summarizes The Problem: "It's The Government"

Tyler Durden's picture


While the guests on Friday's CNBC closing bell were giddy with excitement about earnings, US stocks, and 'the recovery' being "a lot stronger than people give it credit for", Rick Santelli asked a simple question, if it's all so great why is the Fed still printing billions of dollars each month? A disquieted crowd of asset-gatherers attempted a response but made the mistake of uttering the most inflammable 7 words Santelli could hear... "Where would we be without the government?" What ensued is worth the price of admission...


Who is the government (or the Fed) working for?


The guests exchange pleasantries as the "asset managers" explain how 'anecdotally' it's so awesome out there..and Rick explains his perspective on the Fed...

Guest: The underlying economy is a lot stronger than people give it credit for...


Santelli: Then why don't we end all the Fed programs? If that's true, why do we have this ongoing debate [over taper or no taper] forever? Even at the current pace of $10 bilion a meeting, we're still going to be left with $5 billion of purchases at the end of the year... End it now!!


But then we fast forward a little to the real deal...

Guest: Where would we be without the government?


Santelli: (begins)... We would be way better off! The problem is the government. They're not here to help... They're here to make healthcare more expensive, college more expensive... everything they touch is more expensive...

and then it gets good...


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Mon, 02/24/2014 - 18:56 | 4472700 kaiserhoff
kaiserhoff's picture

We need an opposition party.

Not to the Dims, but to Tyranny.

Mon, 02/24/2014 - 18:59 | 4472710 max2205
max2205's picture

The dems and rhinos are doing their best to minimize the tea party

Good job folks

Mon, 02/24/2014 - 19:08 | 4472740 knukles
knukles's picture

According to 93.4% of the Evil Feasting off the Teat of the Beast, The Big Hokum, Comprised of Mass Murder and Debauchery is Just Fucking Hunkie Dorrie.

Mon, 02/24/2014 - 19:11 | 4472745 Duke of Earl
Duke of Earl's picture

Count me in on the debauchery is Just fucking hunky dory crowd.

Mon, 02/24/2014 - 19:13 | 4472767 knukles
knukles's picture

Talkin' about debauchery, does anybody in the Ukraine know where their gold is?

Mon, 02/24/2014 - 19:15 | 4472773 fonestar
fonestar's picture

Santelli is like the best poo in the factory.  Or however that thing goes....

Mon, 02/24/2014 - 19:55 | 4472969 Chupacabra-322
Chupacabra-322's picture

There is no "Government", only in name. What we do have is a Chartered Criminal UNITED STATES, CORP. INC.

Mon, 02/24/2014 - 20:18 | 4473052 new game
new game's picture

a corp joined at the hip in bed with policy makers, judges, and high finance.

we have a combo plate of fascism, and socialism under the guise of capitalism. fucking period.

tic toc...

Mon, 02/24/2014 - 20:33 | 4473136 James_Cole
James_Cole's picture

The fed is a totally unaccountable mostly private institution in charge of banking oversight, perhaps thats part of the problem?

Let me issue and control a nation's money and I care not who writes the laws.

Mon, 02/24/2014 - 21:08 | 4473272 BLOTTO
BLOTTO's picture

Seriously, what the fuck is going on on this planet?

Mon, 02/24/2014 - 21:21 | 4473305 NoDebt
NoDebt's picture

Could give a complicated answer but let's go straight to the core:  MASSIVE CORRUPTION.  When it is finally revealed, years from now, everything that has been going on the last few years, it will make even the most hard core ZH'er blush.

Mon, 02/24/2014 - 21:54 | 4473410 Chupacabra-322
Chupacabra-322's picture

Again, you're using the wrong "C" word. STOP using the word corruption. It's beyond corruption. It's CRIMINAL!

Mon, 02/24/2014 - 22:28 | 4473545 BLOTTO
BLOTTO's picture

I agree with both your points...but im at an even deeper and darker place than that.

Its impossible for the human race to be this unlucky in nature...impossbile. Unless - our life has been rigged.


Criminal and corruption = evil.

Mon, 02/24/2014 - 22:59 | 4473704 Chupacabra-322
Chupacabra-322's picture


I've followed your posts brother. Believe me whaen I say that I'm in that "darker" place as well. These Criminal Meglomanic blood lines are Pure Evil.

Tue, 02/25/2014 - 02:58 | 4474334 CognacAndMencken
CognacAndMencken's picture






Tue, 02/25/2014 - 11:05 | 4475127 MontgomeryScott
MontgomeryScott's picture

Well, kids...

I just printed this chart and put a ruler on it, to see when the spike in corporate profits began. There was an event, a catalyzing event, like a 'New Pearl Harbor', that COINCIDENTALLY ALSO occurred right about then.

GEE. I wonder who benefitted?

The rug was pulled from the jobs numbers shortly before ANOTHER event in recent history, as well. 'Housing Crash', anyone?

Tue, 02/25/2014 - 11:12 | 4475166 Grinder74
Grinder74's picture

And...what was the New Pearl Harbor?

Tue, 02/25/2014 - 01:00 | 4474171 Four chan
Four chan's picture

a constitutionally limited republic,

verses a democracy


is becoming abundantly clear, and which the framers gave us and why.

Tue, 02/25/2014 - 04:55 | 4474416 StychoKiller
StychoKiller's picture

Some have postulated that we're really inside a computer simulation program...

Tue, 02/25/2014 - 09:11 | 4474708 Disenchanted
Disenchanted's picture

If you haven't already, read The Holographic Universe by Michael Talbot sometime.

It bent my mind.

Tue, 02/25/2014 - 00:37 | 4474091 jerry_theking_lawler
jerry_theking_lawler's picture

It's not criminal if you create the laws...on a whim.

Mon, 02/24/2014 - 22:49 | 4473646 KickIce
KickIce's picture

Bastards better not win, otherwise history will be rewritten to show how the bankers and politicians saved the world.

Mon, 02/24/2014 - 21:32 | 4473309 SgtShaftoe
SgtShaftoe's picture

It appears to be a global revolution.  Venezuela, Ukraine, et al. 

Mon, 02/24/2014 - 21:45 | 4473377 pigs-n-space
pigs-n-space's picture

Its only getting started. I would say buy mid summer the wheels will be comming off the wagon. 

Mon, 02/24/2014 - 22:15 | 4473428 TruthInSunshine
TruthInSunshine's picture

As some/a few of you know, I went short last week, and I will stay short. This is the opportunity of a lifetime on the short side.

I attended lunch with the wise men today and have never been more confident that the'now epic bubble market has no foundational support, and that it will be liquidated faster than the CBs can even react once its pricked given the record margin debt baked into it, than any market/bubble we've witnessed in any of our lifetimes - bigger than the bubble, bigger than the housing bubble of 2007...

...truly encroaching upon 1929 to 1932 territory.

Not shorting this market is like looking a gift horse in the mouth.

Facebook acquiring WhatsApp for 19 billion Bernanke Bucks won't be attributable to the cause, in any way, of this ginormous bubble bursting, but it will be remembered as the moment of the near top tick, as every such bubble popping is characterized by such an act of lunacy.

Mon, 02/24/2014 - 22:26 | 4473521 t0mmyBerg
t0mmyBerg's picture

Well said.  I have been thinking  as much recently about the abjectly silly things going on and have been very very very patient about getting short.  For the first year in many i was not short last year.  Like a moron I was not long either.  For now I still think some patience is required.  I really think the time will be in later spring as it usually is.  There is alot of money coming in over the next few months to drive stocks higher.  Late March, or April or May.  Then the deluge

As for magnitude, yeah it could be absolutely enormous.  By some measures we are worse than 2000 (like price too revenue or something I forget which metrics).  I also think it may result from a lack of confidence in Yellen.  I watched her House testimony.  I was not impressed.  If confidence goes, watch out below.  No idea why it hasnt already

Mon, 02/24/2014 - 22:34 | 4473572 ISEEIT
ISEEIT's picture

So lot's of proven to be smart players are doing what you've done. I get that. Anyone with a functional mind understands everything screams fraud, ponzi, insane bullcrap.

Wenzel at EPJ is not an idiot. The guy has called so much correctly and is an honest actor. He calls for a major commodities boom just over the short term horizon.

How do we get a hard fall and a commodities 'boom' simultaneously? Capital out of bullshit markets into real material??

I'm admitting to ignorance and hoping you might provide me a clue?

Mon, 02/24/2014 - 23:14 | 4473741 TruthInSunshine
TruthInSunshine's picture

My strategy pays off whether we see a slow drip, downward decline, or massive crash - I'm confident enough to employ a bear put spread.

The numbers I'm seeing on revenue, margins, capex, etc. do not lie, and they are nothing short of gut wrenching.

Wait until the headlines in trade publications start to rain down about how defense contractors, who are no shrinking violets in terms of the circle of power politics, graft & corrupting government officials, politicians & agencies, are about to be cut to the bone in terms of military contracts as a result of what is now a done deal on massive shrinkage of the military complex over the next decade (it's a done deal no matter what the MSM may declare - it's already carved in stone).

So why would a sacred cow, representing one of the 3 sacred cows of American Budgetary Excess since the 1980s, be on the chopping block now? Because even the most tied-in insiders knows it's all unsustainable, and wait until you see the parlor tricks they're about to unveil regarding entitlements (again, out of necessity).

The last 4 years of GDP growth have been spurned by the taking on and restocking of massive piles of debt by corporations (selling bonds & buying stock back), governments (in every way imaginable) and consumers (U.S. onsumer debt is now at 3 trillion dollars, a new nominal record, and especially so given wage-to-debt ratios).

You will be reading about all of what's already been decided upon & is being implemented by the inner sanctum that is trying to stabilize the country (and much of the G8) over the course of the next year, and the articles are already starting to appear.

Mon, 02/24/2014 - 23:47 | 4473893 Real Estate Geek
Real Estate Geek's picture


Wait until the headlines in trade publications start to rain down about how defense contractors, who are no shrinking violets in terms of the circle of power politics, graft & corrupting government officials, politicians & agencies, are about to be cut to the bone in terms of military contracts as a result of what is now a done deal on massive shrinkage of the military complex over the next decade (it's a done deal no matter what the MSM may declare - it's already carved in stone).

That's probably why "our" government has been trying to get a war going.

Tue, 02/25/2014 - 00:56 | 4474149 CrazyCooter
CrazyCooter's picture

I don't invest as I have been deleveraging for the last several years. I hope to be 100% free and clear in about 12 months, but we will see how that works out. Then I am going to buy an old truck with a cauburator that I can drive for another 40 years. Then, I might have a dog in the hunt ... but, that said ...


... and the articles are already starting to appear.

I would be curious if you don't mind sharing some links, given what I quoted above. I have been wrong, wrong, and more wrong with timing, expecting this to blow up years ago. Amazingly, it just kept going on and on and on. I just try to read, learn, and understand the game.



Tue, 02/25/2014 - 01:49 | 4474251 CrazyCooter
CrazyCooter's picture

I found this ...

Going to bed ... everyone else probably already has ...



Tue, 02/25/2014 - 12:43 | 4475700 A Nanny Moose
A Nanny Moose's picture

If nobody has any money, from whom will you collect, when this sucker blows? What are the risks of being Corzined?

Wed, 02/26/2014 - 08:04 | 4479448 StandardDeviant
StandardDeviant's picture

If his put spreads are on US equities (or ETFs, or indices like SPX or RUT), then he'll collect from the Options Clearing Corporation.  Not that there's absolutely no counterparty risk, but even in the darkest days of 1987 and 2008, all option contracts were honoured.

Mon, 02/24/2014 - 22:02 | 4473439 Ranger4564
Ranger4564's picture

Since you asked so nicely Mr. Blotto:

Slow Motion Coup d'etat and return to Feudalism.

Trust noone, prepare to fight !!!

Tue, 02/25/2014 - 05:57 | 4474451 Offthebeach
Offthebeach's picture

Yeah but its American Fascism. You want a free POS t-shirt? Hows about a logo pen or hydro lard cake for the fat kid.?

Mon, 02/24/2014 - 20:24 | 4473075 Chupacabra-322
Chupacabra-322's picture

Oh, almost forgot. A FASCIST one at that.

Mon, 02/24/2014 - 21:56 | 4473128 Dick Buttkiss
Dick Buttkiss's picture

It began with this experiment:

The UNITED States of America

It will end — and begin again — with this experiment:

The UNTIED States of America

And in following the world's lead (Ireland, Spain, Ukraine, etc.), we will lead it by untying the knot of the nation-state per se, its last great hope going down in a heap and swept, at long last, into the dustbin of history.

Mon, 02/24/2014 - 21:12 | 4473285 snr-moment
snr-moment's picture

$566 today.  I'll send you my e-mail when it reaches 10.  And, good luck.


Oh, and to the idiot debating Santelli, I just got back from  down south.  Tourism from South America to the carribean is drying up.  They're in a panick.  Great economy I guess.

Tue, 02/25/2014 - 02:06 | 4474278 snr-moment
snr-moment's picture

Oops. I meant 483.  And $5.

Mon, 02/24/2014 - 19:23 | 4472804 Stoploss
Stoploss's picture

In the east, yes. In the far west, not so much.

Funny, the little brown haired one with no hair on his ass, first thing out of his mouth "we need to invest more in the schools."  LOL!!!

There are already billions an billions going in from the government, but if we invest moar, that will fix it!

Mon, 02/24/2014 - 19:31 | 4472839 jcaz
jcaz's picture

Amazing Santelli hasn't been droned yet-

Stay low, Rick....

Mon, 02/24/2014 - 20:46 | 4473198 FEDbuster
FEDbuster's picture

More likely to be "Breitbarted" late at night on his way home.  "High strung" CNBC reporter has heart attack at age 61.......

Mon, 02/24/2014 - 22:54 | 4473678 KickIce
KickIce's picture

I figure the only reason he hasn't been dropped is because otherwise CNBC viewership ratings would go from suck to really suck.

Mon, 02/24/2014 - 19:56 | 4472972 Groundhog Day
Groundhog Day's picture

What a joke, education starts at home with parents.  All the resources are available for free online to educate your children.  My kids aren't geniuses however i have structure in the house.  No TV Mon-fri, No PS3 Mon to Fri, Computers and tablets are only used for research Mon - Fri on the Dining room table where i can see what they are doing. 

They get straight A's but i remind them of a famous Mark Twain quote

"I Never let my school get in the way of my education"

Critical Thinking Bitchez - Thats what the schools are taking away 

Mon, 02/24/2014 - 20:08 | 4473011 KennyW
KennyW's picture

As a teaching professional, I salute you.

Mon, 02/24/2014 - 21:23 | 4473313 thamnosma
thamnosma's picture

RIP Harold Ramis (re: Groundhog Day)

Mon, 02/24/2014 - 21:25 | 4473321 SgtShaftoe
SgtShaftoe's picture

Got Homeschool?

What children are reading philosophy in the 4th grade?  Shit, what school kids are reading philosophy at all?

Mon, 02/24/2014 - 22:06 | 4473451 new game
new game's picture

what kids are reading? listen to i-tunes or tb...

school sucks - i hated it, like jail...

i learned more learning what interested me...

Mon, 02/24/2014 - 23:00 | 4473711 KickIce
KickIce's picture

They're not reading much of anything, but in some states elementary aged kids are watching movies on how we should accept the LBGT community.

Tue, 02/25/2014 - 02:51 | 4474331 TBT or not TBT
TBT or not TBT's picture

And larnin' to wrap that rascal, with the help of cucumbers, on the test.

Tue, 02/25/2014 - 09:08 | 4474701 headhunt
headhunt's picture


I am sure someone is reading your post and thinking what a cruel parent you are - as thier kids stare at the TV.

Mon, 02/24/2014 - 22:05 | 4473450 Buck Johnson
Buck Johnson's picture

It's gone, you know damn well that was taken to the east and the President took his cut. 

Mon, 02/24/2014 - 23:53 | 4473927 AGuy
AGuy's picture

"Talkin' about debauchery, does anybody in the Ukraine know where their gold is?"

I am sure the EU and US bankers know exactly where it is!

Mon, 02/24/2014 - 21:23 | 4473312 salvadordaly
salvadordaly's picture

Sorry to thread jump, but I was wondering has anyone else had issues with the hedge loading today? I have no issues with other sites loading only this one. Hitting refresh over and over, waiting for the hedge to load. I would say it is my connection, but other sites load right up. Im thinking Gubment action at work?

Mon, 02/24/2014 - 21:26 | 4473326 SgtShaftoe
SgtShaftoe's picture

Try TOR and check back.

Mon, 02/24/2014 - 22:52 | 4473670 acetinker
acetinker's picture

Probably just MSIE.  "Internet Explorer has identified potential security issues related to the site;  Click the button below to report this problem."

Scare tactics.  This world don't operate without the web, and TPTB knows this.  Who is it that's 'fucked', again?

Mon, 02/24/2014 - 19:08 | 4472741 Mad Mohel
Mad Mohel's picture

HEHE, he fuckin said the Tea Party. They are all bullshit through and through, your fuckin TP included.

Mon, 02/24/2014 - 19:14 | 4472768 Stoploss
Stoploss's picture

Obviously NO Bullshit in the current parties right?  LOL!!!

Mon, 02/24/2014 - 19:21 | 4472777 Mad Mohel
Mad Mohel's picture

predeterminer, determiner, & pronoun
determiner: all; pronoun: all
  1. used to refer to the whole quantity or extent of a particular group or thing.

Understand? The whole fucking mix of them R, D, T, whoever the fuck else wants to grabs the reins and continue the robbery.

Mon, 02/24/2014 - 20:24 | 4473076 TheReplacement
TheReplacement's picture

What about the ME party, as in, Leave ME The Hell Alone Party.  Current membership is one.  We aren't taking on new members either.  Well crap, now TheReplacement is talking like that fonehomestarbuck guy.  I think I need to make an account on MtGox so I can laugh at all the suckers.

Tue, 02/25/2014 - 10:48 | 4475043 kurt
kurt's picture

"I'm the Decider... can't get fooled again, war on tare..."

Mon, 02/24/2014 - 20:38 | 4473161 I need Another Beer
I need Another Beer's picture

Rick Santelli, for those in the know, he is considered the father of the Tea Party. A true American Patriot, U gotta love how he tells the truth while his critics spout shit with that bovine look of intelligence in their eyes.

Mon, 02/24/2014 - 20:50 | 4473210 greatbeard
greatbeard's picture

>> father of the Tea Party

The Koch boys are the fathers of the Tea Party.  Santelli was just their willing stooge.  It's a shame because it sucked in a lot of good people.

Mon, 02/24/2014 - 21:15 | 4473287 Bananamerican
Bananamerican's picture

I've seen it all here on this thread....
Tea Party = Koch bros
Both aptly named groups, kneecapped on the bullshit partisan alter of Amerikan politics

Mon, 02/24/2014 - 21:23 | 4473311 greatbeard
greatbeard's picture

In spite of their origins, I was a Tea Party fan for my own reasons.  I fell out favor with their "cut everything but the military" approach to the budget problems.  There's still a lot I like about them, their spirit, the people, the little people anyway, who are devoted to them. But no military cuts equals no support from me.

Mon, 02/24/2014 - 23:58 | 4473943 SilverFish
SilverFish's picture

Apparently, there are quite a few douchebag warhawks that didn't like what you said about the military cuts there.

Tue, 02/25/2014 - 00:32 | 4474073 snr-moment
snr-moment's picture

and maybe all his up arrows are from Somalians

Tue, 02/25/2014 - 00:57 | 4474160 SilverFish
SilverFish's picture

....... because unless you have big fat bloated out of control military spending = Somalia.



Right, gotcha.

Tue, 02/25/2014 - 02:10 | 4474284 snr-moment
snr-moment's picture

Right, and if you think of all those wonderful peace dividends we got from the end of the cold war......

But the Pax Americana is just a myth.


Tue, 02/25/2014 - 02:16 | 4474295 snr-moment
snr-moment's picture

I mean, it's not like anything BAD happened the last time our military had pre WWII strength.

Tue, 02/25/2014 - 02:17 | 4474297 snr-moment
snr-moment's picture

Our perhaps our military is the cause of our trillion dollar deficits?  Like under Bush?

Tue, 02/25/2014 - 02:32 | 4474313 snr-moment
snr-moment's picture

Hey, don't go away angry, but consider this....

just how effective do you think our nuclear bombs would have been if the germans had perfected their Messerschmitt jets first?

Mon, 02/24/2014 - 21:17 | 4473297 snr-moment
snr-moment's picture

Well, it's gonna be below zero all week here in the morning, propane prices have tripled, and now the EPA wants to ban our wood stoves.


Do you KNOW what the tea in tea party stands for.  Or do you also think its a scrotum?

Mon, 02/24/2014 - 21:41 | 4473368 negative rates
negative rates's picture

Wow, banning the original renewable fuel, how clueless can one get??

Mon, 02/24/2014 - 22:10 | 4473465 new game
new game's picture

where do u live? - the wood police... fucken eh.

Tue, 02/25/2014 - 08:12 | 4474593 papaswamp
papaswamp's picture

Koch brothers didn't come in until a year later. TP had it made until it sided with the GOP and took on social issues.

Tue, 02/25/2014 - 02:58 | 4473246 RaceToTheBottom
RaceToTheBottom's picture

He does not allocate the faults and causes of our present mess to WS and big business enough.  He says nothing about their money grubbing pigs at the trough comp plans.  He can't, in his position.  He is funded by them via his employment...

Mon, 02/24/2014 - 22:23 | 4473518 ISEEIT
ISEEIT's picture

Your enemies enemies are your friends....

More than a few of those lovin' the 'teaparty' are dumb as door nails. Basically still neo-con and definitely not a solution.


Tue, 02/25/2014 - 08:10 | 4474587 papaswamp
papaswamp's picture

TP lost their way when they joined the ranks of the GOP and began siding with social issues. When the TP was purely about fiscal responsibility it was going to be a power house, as soon as they took on social issues and added the (R)...dead in the water.

Mon, 02/24/2014 - 19:01 | 4472714 zaphod
zaphod's picture

The FED is putting in place the mechanics for a crash not this year, but potentially in 2016. This way they can either have all the blame go to the D team to help the R team or they can re-ramp up the printing press to save the D team. 

That is why the FED is still printing through 2014, it's to hold off the crash till the next round of elections. 

Mon, 02/24/2014 - 19:07 | 4472736 franciscopendergrass
franciscopendergrass's picture

Cant fuck our representatives in congress during the midterm.  Who and what do they represent anyways?  I know it's not me.

Mon, 02/24/2014 - 20:25 | 4473087 TheReplacement
TheReplacement's picture

Probably the most likely scenario based on past performance.  If they are clever they will not follow that pattern so they can surprise us with skittles!

Mon, 02/24/2014 - 21:18 | 4473299 NoDebt
NoDebt's picture

The end of a president's second term is an IDEAL time to crash things.  Bail-outs are easier to get from a guy who doesn't have to win another election or push an agenda in DC.  "Pay us now or the whole system goes in the shitter" is the usual threat.  It's like a presidential pardon, but for criminal bankers instead of regular criminals.  

It wasn't even hard under George "this sucker's going down" Bush.  They got (and are still getting) TRILLIONS in bail-outs, plus the skids were greased for another Trillion in fiscal stimulus a few months later (that's called a "bonus" on Wall St.).  

That's right, Mr. Bush, please sign this while you're painting that picture of a duck.  Oh, yes, sir, it's an excellent painting, sir.  Good Mr. President.  Press hard, there's 3 copies.  Good boy.

They'll do the same with Obama.  He's a bag of hammers, too.

Mon, 02/24/2014 - 22:25 | 4473532 ISEEIT
ISEEIT's picture

Prezidint Choom isn't running this by accident. The guy was put in place, and is being kept in place for a reason.

According to a plan.

Mon, 02/24/2014 - 19:04 | 4472726 disabledvet
disabledvet's picture

you've been your orders "kaiserhoff" carry 'em out asshole.

the "war no one wants" is always "the war everyone wants."
I mean..."the answer is no Government" now?

"the problem here is the wrong people are stealing and getting away with it again." as if none of us here haven' been complaining about that here for a LONG time.

I'm sorry? "this is not the war you're looking for"?
"sometimes you go with the war you have not the one you want to have"?

get real. this is what everyone wants.
no one is talking peace but "contiguity."
what the hell does that mean?

Mon, 02/24/2014 - 19:12 | 4472756 Yenbot
Yenbot's picture

You Absolutely Must go see this: right now, this minute !!

It sums up the Authority Complex that is enslaving us all- and will make you laugh your glasses off.

Mon, 02/24/2014 - 20:21 | 4473066 kaiserhoff
kaiserhoff's picture

Hilarious and all too true.


Mon, 02/24/2014 - 19:38 | 4472874 ZH Snob
ZH Snob's picture

maybe the talking robot is not afraid to end QE today, but the fed sure is.

btw, who is the stepford-looking geek who claims it "sucks" not to find applicants with the needed education?  that guy is downright scary.

Mon, 02/24/2014 - 20:10 | 4473025 GoBadgers
GoBadgers's picture

Who is the nitwit in the upper right box?

Mon, 02/24/2014 - 22:37 | 4473589 booboo
booboo's picture

Who was the blithering idiot in the top right of Wallstreet Squares, holy shit! "we need more money for edjukashun" The Supreme Court my have been on to something when they said "three generations of imbeciles is enough"

Tue, 02/25/2014 - 07:38 | 4474519 Bokkenrijder
Bokkenrijder's picture

No sorry Kaiserhoff, the last thing what the traditional Western political/financial system needs is more opposition parties. Look at Europe, where the political landscape is more fragmented when compared to the 2-party US 'democracy.' Someone might mistake this for more 'opposition' and more choice but the net end result stays the same.

Once the politician has been corrupted by the political/financial kleptocracy, it doesn't matter how many 'opposition' parties a country has.Heck, it doesn't even matter if they are left wing or right wing. (the biggest corrupt assholes in Dutch politics at the moment are the PvdA socialists)

What we need is LESS of the same corrupt shit that is being shuffled around every 4/5 years....

Mon, 02/24/2014 - 18:57 | 4472703 max2205
max2205's picture

Even if it's least he says it

Mon, 02/24/2014 - 19:19 | 4472786 The Gooch
The Gooch's picture

At least he says it from from the ministry of propagandas #1 soapbox?

Mon, 02/24/2014 - 19:29 | 4472827 The Gooch
The Gooch's picture

The junker is wearing tampon earrings.


Mon, 02/24/2014 - 18:58 | 4472704 Soul Glow
Soul Glow's picture

I haven't watched cnbc in a year and am somewhat surprsied Rick still works there.  I guess playing bad cop is lucritive.

Mon, 02/24/2014 - 19:14 | 4472766 Duke of Earl
Duke of Earl's picture

The masses need someone over whom they can feel morally superior.

Mon, 02/24/2014 - 19:16 | 4472774 knukles
knukles's picture

Think Hegelian Dialectic.

It'll make sens in a minute or two.....

Mon, 02/24/2014 - 19:00 | 4472711 howenlink
howenlink's picture

"We need more educated people.  It sucks."


Choice of vocabulary says it all.

Mon, 02/24/2014 - 19:08 | 4472743 Oldwood
Oldwood's picture

A truly educated public is the last fucking thing this government wants or needs. It wants and needs lemmings, drones, a full on dependency class of people that will respond to each and every suggestion with...yes daddy, what every you say daddy. You are so smart daddy. Can I have my lollypop now daddy.....

Mon, 02/24/2014 - 21:28 | 4473337 Meat Hammer
Meat Hammer's picture

"Educated". In quotations.

You know what they mean.

Mon, 02/24/2014 - 21:59 | 4473429 GovernmentMule
GovernmentMule's picture

I think you mean "indoctrinated"...

Tue, 02/25/2014 - 10:37 | 4475003 kurt
kurt's picture

yeah, repetition

Mon, 02/24/2014 - 21:59 | 4473430 GovernmentMule
GovernmentMule's picture

I think you mean "indoctrinated"...

Tue, 02/25/2014 - 00:26 | 4474054 Real Estate Geek
Real Estate Geek's picture

That's right.  They do it through repetition!

Mon, 02/24/2014 - 19:21 | 4472793 Cursive
Cursive's picture


Amen, brother.  I will consider "investing" in publicly traded stocks only after CNBS goes dark.

Mon, 02/24/2014 - 19:00 | 4472715 spinone
spinone's picture

you tell em Rick

Mon, 02/24/2014 - 20:13 | 4473029 fockewulf190
fockewulf190's picture

He´s been telling "them" for years, but fiscal meth is too hard to kick...and the government loves too be Heisenberg.

Mon, 02/24/2014 - 21:51 | 4473400 Sweet Chicken
Sweet Chicken's picture

Fiscal meth

Good one! :thumbs up

Mon, 02/24/2014 - 19:02 | 4472717 tickhound
tickhound's picture

"If it's so great yaddah yaddah why fed printing yaddah?" Simple and for the 25 billion-nth time... Cuz system go BOOM and we can't have that so why address that further next question.

Mon, 02/24/2014 - 19:03 | 4472721 Charles Nelson ...
Charles Nelson Reilly's picture

Who's the moron in the upper right hand corner? Someone needs to roll that fuckhead up in a rug and dump him in an empty parking lot in Coney Island.

Mon, 02/24/2014 - 19:46 | 4472919 The Most Intere...
The Most Interesting Frog in the World's picture

Why we gonna be so nice to him???

Mon, 02/24/2014 - 19:53 | 4472961 yellowlight4570
yellowlight4570's picture

God forbid if Billery gets in it'll be like the 90's again. All the golden oldies will be back in style. Vince Fostering, spoofing airplanes into mountianside landings. 1930's Florida vacation-retirement land frauds. It will be time to throw your popcorn on the floor and leave the theater 'cus this is where we came in.

Tue, 02/25/2014 - 10:35 | 4474996 kurt
kurt's picture

He gets his hair plucked from his pussy so its clean and shiney.

Mon, 02/24/2014 - 19:04 | 4472725 franciscopendergrass
franciscopendergrass's picture

The understandment of the year "We are hiring right now at my company, Rick.  We get so many uneducated people.  It sucks."  What a fucking idiot.  Where CNBC get these guests from?   It's like a fucking insane asylum listening to these fucks.

Mon, 02/24/2014 - 19:13 | 4472764 Oldwood
Oldwood's picture

He is but another of the fucking geniuses trying to rule the world. And yes, it does suck. The only thing public education is teaching is groupthink recitation.

Teacher! I don't need no education!

Mon, 02/24/2014 - 19:20 | 4472788 The Gooch
The Gooch's picture

common corpse.

Mon, 02/24/2014 - 19:27 | 4472818 centerline
centerline's picture

commeners corps

Mon, 02/24/2014 - 20:02 | 4472984 Accounting101
Accounting101's picture

You do know that the Common Core State Standards are a corporate document, right? They were written by a private company (Student Achievement, Inc.), funded by corporate and wealthy foundations whose sole purpose is to privatize (extract rent) our education system.

The only role the government played in the CCSS was to blackmail states into implementing them in order to recieve federal education dollars. The government was simply the tool the school reform movement, or Oligarchs if you will, used to seperate your tax dollars from your children.

Mon, 02/24/2014 - 20:14 | 4473035 Oldwood
Oldwood's picture

And it comes as a shock to you that corporate interests are tied to government interests, all to our disadvantage? The concentration of power continues, in corporations and government, each funding the other, gaming the system to their advantage. None of these assholes wants an educated public. If they need educated people, they will import them from somewhere else so they can pay them less and hold their citizenship in their fist. They need us dumb and complacent, following their lead on every move, because we can't survive without them. Wasn't that the point of TARP and all of the rest of their payouts. WE NEED THEM. FUCKERS.

Mon, 02/24/2014 - 20:46 | 4473199 Accounting101
Accounting101's picture

No. I'm not surprised. I just think you give too much credit to the government. Government only does what it's puppet masters demand.

Mon, 02/24/2014 - 22:04 | 4473445 Oldwood
Oldwood's picture

Its really pretty irrelevant what we call them, government or corporations or puppet masters. They are all the same people wearing different costumes. They want wealth and power and will use whatever levers available, but none of this can happen without a complicit government for they are the only ones who can enable and allow the monopolistic powers to exist that sustain the corruption. These people must have the power that government provides to be able to accomplish what is required to amass the power they seek. Ultimately we are all puppets of this cabal, as none of us wants to see our circumstances degrade and while not condoning the corruption will not actually work to end it until we are convinced it is all going down anyway. This is the nature of corruption. Everyone wins..until they don't. We vote for who we think will protect our interests, for good or bad at the ballot box. We do the same when we make any purchase. We are voting for GE or GM or Verizon or Exxon on and on. We are choosing our future.

Tue, 02/25/2014 - 09:08 | 4474702 Mrs. Haggy
Mrs. Haggy's picture

Hmmmm... kind of like all of our foreign doctors?

Mon, 02/24/2014 - 20:10 | 4473018 Accounting101
Accounting101's picture

Bullshit! What is being demanded of students, including kindergarten students, is light years ahead of what was demanded ten, twenty, thirty or fifty years ago. Today's curriculum is ruthless and if a child starts school with low literacy and math skills, its almost impossible for him to catch up to his peers.

I would suggest before commenting on education issues, head on down to your local public school and volunteer for a week. I promise, the experience will change you.

Mon, 02/24/2014 - 20:38 | 4473163 TheReplacement
TheReplacement's picture

LMAO.  How much did you make on that post?  Seriously.

The local HS has multiple "Fashion" courses.  They don't read the Declaration, the Constitution, nor the Bill of Rights.  Most kids in school don't know who the VP of the USA is.  They don't know how to fix anything if rebooting doesn't work.  They have virtually no problem solving skills besides their trust iPhone. 

On the other hand, entertainment has never been such a popular vocation (if you count porn and prostitution). 

Mon, 02/24/2014 - 20:56 | 4473233 Accounting101
Accounting101's picture

Again, go down to your public high school and volunteer for a week. You will edit your post after that week.

Mon, 02/24/2014 - 21:24 | 4473318 TheReplacement
TheReplacement's picture

I have donated hundreds of hours to working with kids.  The problem with volunteering at a school is some of us have jobs.  All the same, I can read the class schedule and review the home work of a certain student I happen to know.  Then there is comparing notes with other parents.  All in all, the situation is less than optimum.  One plus one is two.  Unless you feel like it's three.

Mon, 02/24/2014 - 22:31 | 4473567 Accounting101
Accounting101's picture

Then don't comment on the state of education. You are simply wrong. The curriculum and demands on students has never been more stringent.

Mon, 02/24/2014 - 22:03 | 4473440 XenoFrog
XenoFrog's picture

He's right. The standards kids are supposed to meet in Kindergarten are much much higher than even in the recent past.

Tue, 02/25/2014 - 09:04 | 4474692 Uncle Remus
Uncle Remus's picture

Jeebus - THAT is funny.

Mon, 02/24/2014 - 19:04 | 4472727 JoBob
JoBob's picture

Why can't we just elect Santelli President or something? An official third party - The Tea Party - with him as frontrunner would sure as hell get attention.

I'm really and truly fed up with this whole mess!

It's time to nourish trees....

Tue, 02/25/2014 - 07:51 | 4474563 grekko
grekko's picture

He makes more where he is now.  Why take a step down?

Tue, 02/25/2014 - 09:16 | 4474728 JoBob
JoBob's picture

grekko: He makes more where he is now.  Why take a step down?


For God's sake, man, making more money is the cause of the problem!

Mon, 02/24/2014 - 19:06 | 4472729 ejmoosa
ejmoosa's picture

It's the rate of change of profits that really drive growth in the economy.  

If you make about the same as last year from a salary perspective(your profits) you do not go out expanding your spending. Corporations are not much different.

At least I hope not.



Mon, 02/24/2014 - 19:42 | 4472878 tickhound
tickhound's picture

So assuming we buck trend and don't just keep pretending to do it, you're saying:

We need to consume more and consume faster in order to increase profits so that it can drive further consumption.

So keep trying to do the same thing just more of it, got it.

Mon, 02/24/2014 - 19:07 | 4472737 swass
swass's picture

Santelli should just leave that network and let it crater.  The only reason they still have any viewership is because of him.

Mon, 02/24/2014 - 23:41 | 4473868 howenlink
howenlink's picture

Santelli/Swann 2016

Tue, 02/25/2014 - 07:49 | 4474560 grekko
grekko's picture

Freddy Kruger for Congress!

Mon, 02/24/2014 - 19:11 | 4472753 Manipuflation
Manipuflation's picture

I don't seem to have that channel anymore.  Life goes on though.

Mon, 02/24/2014 - 19:18 | 4472782 ebworthen
ebworthen's picture

Those two fuck-twats who try to say the economy is better than it appears are the problem too.

Again, if the economy is so strong, the FED can stop QE immediately and put rates at 6%.

That, or admit they are wasting taxpayer money to prop banks and corporations.

One or the other.

Mon, 02/24/2014 - 19:28 | 4472821 The Gooch
The Gooch's picture

The "FED" is a fictitious entity creating fictitious "currency".

ANYTHING regarding it's "policies" only enables MOAR FRAUD.

for fucks sake.



Mon, 02/24/2014 - 21:30 | 4473342 RaceToTheBottom
RaceToTheBottom's picture

That was exactly why the first thing they did was debase Accounting.  Without correct financial measurement you cannot tell performers from non performers.  This is the first step in their larger goal

Tue, 02/25/2014 - 07:48 | 4474557 grekko
grekko's picture

Pitchforks and torches are on sale at Sears!

Mon, 02/24/2014 - 19:49 | 4472937 Oldwood
Oldwood's picture

And how long would many of these "highly profitable" corporation remain so if credit stopped tomorrow? Personal savings are down and debt is up while jobs are flat and really getting worse if you look at the real numbers. This whole thing is still 110% driven by debt. Current earning are spent, spent years ago, so the only growth will have to come at the expense of future earnings, real or fictional in the case of securitization (which does not stop them from selling it). MBS are AAA, right? This whole thing sucks to high heaven, and as the shit gets higher and higher we simply learn to hold our breath and get used to it. At some point it will reach our nostrils and it will end, but of course that won't happen until we run out of the dead bodies of our fallen comrades to stand upon. Even as bad as most of us believe it to be, we just keep on hoping for the best. I can't figure out if it is stupidity or a blessing. I do know most of my friends seem to be much more at peace than myself, which only makes me more miserable. I guess if everyone else refuses to awake, it may be best to down a few sleeping pills and join them.

Mon, 02/24/2014 - 19:19 | 4472787 knukles
knukles's picture

Gentlemen, gentlemen, gentlemen...

Please, these are the Illusions, the Sirens Beckoning you to The New World Order.

Mon, 02/24/2014 - 19:54 | 4472962 PrintemDano
PrintemDano's picture

+ 1 for each "Gentlemen"....


Mon, 02/24/2014 - 19:21 | 4472797 Spastica Rex
Spastica Rex's picture

If you don't feel the economy has improved, you don't matter.

As a consolation, you can still have Walmart and Big Macs; the government will see to it.

Tue, 02/25/2014 - 07:47 | 4474551 grekko
grekko's picture

Walmart profits are down since they threw the extended unemployment benefits out.

Mon, 02/24/2014 - 19:21 | 4472799 centerline
centerline's picture

Rick best be carefuly getting too "truthy."

Ever notice the recent trend towards calling politicians a "political class?"  When the fuck did this happen?  Seems to have crept in recently.  An "in your face" - "welcome to thw Hunger Games" sort of thing.

Like LOP says, roll the motherfucking guillotines already.

Fucking political class my ass.

I just can't wait until results of the NSA spying gets turned on Washington.  Just a matter of time.  Sharks bound to eat sharks when the shit gets serious - and the spooks got the aces up the sleeve.

Mon, 02/24/2014 - 19:25 | 4472811 Spastica Rex
Spastica Rex's picture

This keeps what little hope I have alive, that one day, I will get to see the alpha predators consuming one another. It is a dream I have.

Do NOT follow this link or you will be banned from the site!