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Rick Santelli Exposes The Real Enemy (And It's Not Deflation)
Since the crisis, and more likely decades before, we (the people) have been apparently 'happy' to have a small group of people in charge of picking winners and losers. "While free markets may have their hiccups," CNBC's Rick Santelli notes, when it comes to allocating resources, "the aggregate behavior of the marketplace is better than individuals." Crucially, Santelli blasts, if you're a saver, you understand now that you weren't picked as winner."
In fact, some might even say the 'saver' is the enemy of the recovery, but according to the Central Banks, as Rick rages, it is deflation that is the enemy. Bankers and governments love inflation because "if you owe a lot of people a lot of money, there's nothing better than to pay it back with cheaper money."
So, at the cost of living standards for the lower/middle class, the government inflates its debt away - so who is the real enemy.
Santelli concludes: "I don't think it's right and I think that we ought to rethink deflation because it's probably more of an extension of failed policy than what people really think it is - especially if you don't believe how they calculate the numbers to begin with."
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Someone said deflation is the answer.
God bless Rick for taking a stand, an enthusiastic one for... er, something. To me, he's obtuse or opaque. He doesn't really make a plain point. See how ZH had to translate?
"the aggregate behavior of the marketplace is better than individuals."
not if you are the one making the decisions. then it's better to keep it allin the family.
From each according to his abilities, to each according to his needs.
Karl Marx
They will let us bark all we want so long as we stay in the cage.
< Deflation - it can't happen here.
< Deflation - it will happen because it is the last thing anybody expects.
I would say, it can't start here.
Some other very large country has to trigger the event.
What if? That is what Prof. Zacharia Sitchen would say in class.
What if, there was the possibility of both happening? Deflation fast, then a quick return to hyper-inflation? All carefully planed, of course. Who profits from the crash and bash? Does that also hold true in world woar?
A population that has been controlled by the economy, can slowly wake up as the giant does to make things happen, or not happen that are quite unexpected. The people of the USA have no confidence in the leadership at all. How does that translate up the ladder of slaves? No body wants to pay taxes for anything, especially the warmongering bankster war-profit schemes. Fark people, there have been two cycles of this carp. Are the world's people collectively not able to learn from history? Many people are purposely killed in world wars that have population elimination agendas underwriting the actions towards moar woar cycles. Who is that stupid and thinks they will hide any riches for any future at all in a nuked world that will not sustain any life over, or underground for a few hundred thousand years, or so? Who thinks that gold will buy safety, uncontaminated foods, air, water, freedom, or have the strength to carry a few extra pounds along with the daily chores of mere prehistoric levels of survival? Often it occurs to the pondering mind, what would you buy in a world of nothing, and no one?
"One of the primary drivers of inflation is consumer spending. But consumers cannot spend money if they do not have it."
So then what happens? No one is shopping at wally world any moar.
More from this interesting article from the past that is no doubt old news here to the esteemed crew of ZH.
http://theeconomiccollapseblog.com/archives/will-it-be-inflation-or-delf...
"Who is that stupid and thinks they will hide any riches for any future at all in a nuked world that will not sustain any life over, or underground for a few hundred thousand years, or so?"
If my preps become worthless, and my gold becomes worthless, you needn't worry. I will be using my last bullet on myself. I won't be wasting it on some zombie. Thats my ultimate bug out plan, if all else fails. I am not leaving before consuming all of my beer, wine, and alcohol though.
Doe not take a genius to see. Assets will dive in value while cost of living will soar, Stagflation.
Your mansion will dive in value, Cost of living willl just fly fly fly. Interest rates, may be separated. who knows the laws passed?
There is a very bad wind blowing.
+100
Beans, lead and gold.
"Invade Russia. Take Moscow."
Gotta win of course.
In that case I am unable and need a helluva lot moar. Nobody else, just me. Yeah.
Sorry, was dreaming of being a big banker.
Re: To me, he's obtuse or opaque.
The magic of modern economics has been its ability to completely remove morals/ethics from the discussion (vocabulary actually).
I think people can't just say "inflation is immoral". Sure, the model works, but the poor who can't negotiate for higher wages at WalMart of McDonalds lose.
(Oh yeah, Got a goddamn better job you scum. You're nothing but worthless trash anyway for working at WalMart and McDonalds. Goddamn losers who think they are entitled to everything in life. bastards)
Yes, the Market totally ignores him. Unless of course if he was the head of the FED. Then you would see a scramble.
There is a very good argument to be made regarding the complete non-necessity or continual GDP growth. Like who the frig invented this model? Did not exist before. WHO convinced the wrorld that GDP growth, as opposed to stability, was success? Stability is the model.
Keynes all over and over. Is there not some sanity left? Growth is not a model. Only for corporations. That is all. Only for corporations. And every single human being on this planet KNOWS that corporations are not "people". Only the bribed think opposite.
Fucking annoying! CNBC is clearly penny pinching because CNBC videos are almost unwatchable in areas/countries where you there is limited broadband available. Those videos don't allow any buffering, so it plays for 1-2 seconds, stopping for 2-3 seconds, then playing again for 2-3 seconds. Etcetera...
That, in a nutshell, is a great representation of the have/havenot economy we live in.
Deflation is Keynesian for falling prices due to lack of demand......
Savers by definition don't borrow they save up for it.......DING! Imagine if everyone did that...TEOTWAWKI!!!
Since all money is LOANED into existence if loans are not happening and happening at an exponential rate (pyramid) then BY DEFINITION we have deflation.
Fortunate for the money lenders there are larger constraints on goods, services, and resources, which creates upward pressure on price which masks deflation with higher prices so they get to throw their hands up in the air and say "we are doing all we can". The more the constraints raise prices the more they get to say their efforts are obviously working so they need to raise rates to keep things in check. It's BS, It's a race to the bottom, or as I like to call it, "It's the Great Global Game of Musical Chairs To The DEATH" with the select few who are tapped in the only ones able to buy a seat.
I know this is stretching your comprehensive capabilities so read this over and over until you get it.
Hey, dipshit. All that cash is sitting on the Bank's balance sheet? "That's to pay the interest rate."
Government is "all the rage" now.
But because of financial "wilding" the only options available are extreme in both nature and execution.
Winning: buying tangibles with the bank's money, and paying them back with depreciated dollars.
Without the inflation created by their QE that GDP growth rate would be showing that we are in a depression. So the Fed has that going for them.
Yes, but QE also inhibits any real exit from the depression by perpetuating unsustainable debt and allowing insolvent entities to get into even more debt. In the end QE sacrifices the real economy, to allow those in charge to stay in power despite their epic failures.
In the end QE sacrifices the real economy, to allow those in charge to stay in power despite their epic failures.
QE certainly accomplished it's mission then. Banks are still in power and the muppets will still vote Team Red/Blue foolishly believing it'll make a diffrence.
QE contines to keep us from making the right decisions on the economy, rules, regulations, taxes and investment choices.
it's why we continue to see so much malinvestment.
QE cannot be forever. At some point the ROI, kidding, I mean the ROF (return on fraud), will be so diminished that the only way to get continued "growth" out of QE would be hyperinflation. Of course, to keep black holes of infinite counter-party risk chains based on a foundation of toxic assets from imploding the entire system, QE must continue for as long as it can. However, debt saturation levels are approaching terminal voluptuousness as evidenced by continued money printing with decreased growth. Whether US, EU, or China; they're all spiking the punchbowl, and on the verge of alcohol poisoning. Nobody will be calling the cops to this party, but unfettered addiction takes care of itself eventually.
correct.
that's why you can bank on a surprise announcement over an upcoming weekend regarding the release of the new world governance upgrade.
it will not only add new features but also correct the root causes of faults in the previous operating system.
prepare for exciting times ahead, ladies and gentlemen.
Trader 1, watch for it this weekend and as late as 4/1. Big, big changes coming.
It can continue forever. After all,they are just resetting the prices. The problem with that is that constantly setting prices higher means that wages, at some point, also need to be set higher. When we hit that point, the game is pointless because nothing is gained. We are just chasing our tails. So before the laborers are allowed to participate in the price increase game, they decide to shut off the printer
we are running -stil running 1 trillion cash flow deficits-the litmus check is take funded debt (to the penny on the treasury direct website from June 2013 and compare to now--up 900 bil in 10 months.
If we had to balance our budget, take 1 billion out of gdp and thats about 6%--we go from a bogus plus 2% GDP to negative 4 which is stil overstated. Neg 4 kills jobs and we crap out-who knows how far down the black hole will go.
Then we have civil unrest. Its going to happen-when is the issue.
Appears pento was censored at CNBC today-for outlining a US default.
we are in bigger trouble than we think.
The debt must be repudiated before any real growth can begin.
It is possible that a depression would have happened. But I wonder how long it would have even lasted. Government meddling always extends these things.
if they reported the actual inflation rate then gdp would be negative for the last 9 years, showing that we are in a depression. the fed has nothing going for it
Just checking to see if you know I was being totally ironic. You know of another ghost that has killed a national bank?
I think having 60% of the banks fail would have been a good thing. Sure a year or two of pain, but overall a good thing. Much better than what we have now and will have for the next ten years
Well...yes.
All the world is a stage and we are merely the shitpuppets clinging to the shitropes and trying to avoid the shit hawks.
Can you hear the shit hawks coming, Randy?
"You know what a shit rope is, Julian? It's a rope, covered with shit, that criminals use to hold on to. You see, the shit acts like grease. The harder you try to climb up, the tighter you try to hold on, the faster you slide down the rope, Julian. Straight to jail. "
Yeah, about that jail thing.... Where was Corzine again?
Deflation is actually a code word for: Fed blown bubble bursting with massive credit defaults that should not have been extended in the first place.
I think that's what Santelli means in the last paragraph.
Which is only a failed policy if one chooses to believe the hype.
agree, uber-leveraged asset deflation is what central bankers fear, not the declining prices for a carton of eggs.
Inflation is everyone walking around the chairs, having a great old time, but the music has to go faster and faster. Deflation is when the music stops.
I don't know about the rest of you...but when I go to the grocery store, shop online, go out to eat, look for a gas station, want to buy a car or anything else, I'm searching for as much deflation as I can possibly find.
Depression due to unwinding of over indebtness in 2008 would have been a much "softer landing" than the one coming forward. Eventuall it has to come and at that point everbody will ask, Why did we not do it in the first place...?
Re; Why did we not do it in the first place
As somebody on here said many years ago:
Do you want to take a punch from Mike Tyson now (in 2008) or do you want to delay it until later but then take two punches?
Most people would take the second option and do anything possible to avoid it.
(Janet, who's that black guy walking up the steps?)
"Everyone has a plan until they get punched in the mouth"
Mike Tyson
I just got back from shopping an hour ago and boneless chicken breasts were on SALE for $6.89lb. Regularly $8.69 lb.
This was at a local box store. I don't buy my meat from them.
hey, them antibiotics and drugs they pump them chickens with cost money you know.
I wonder who downvoted me. That was actual prices and I don't buy my meat or produce at that store. (chain)I should have taken a picture.
I buy produce and meat poultry, from a small local market.
Re: I wonder who downvoted me.
The National Pork Council. They had a pork ad and you mention chicken. The ads gone now, nice going...
Ya can't please everyone NaRm. The Chinese pork industry might be peeved over my "dead pig carcases in rivers" joke the night before last...
They actually get that much for chicken? Where are you? It's $2.99 a lb here and it's locally raised chickens that are sold out of the box store(Safeway).
Good on ya Ned. You must be in the South. Very nice people.
He must have been shopping in Manhattan....and those were 'free range' chickens....
$2.99/lb for what? whole chicken? de-boned ,skinned breast meat? or you talking chicken quarters here?
Sounds like they have a legitimate beef.
Up for icon.
Wasn't me - I agree with ya about the crap chains sell.
What part of the country are you guys paying these prices? Here's this weeks circular with "all natural" boneless skinless chicken breast for $4.79/lb. This is in S. Lancaster County, PA.
http://fergusonhassler.com/circular/index.jsp?pageID=154626#thumbnails
West Coast. Ralph I talked to a buddy on Maui this week, and their meat prices are cheaper! scratching head
Unreal Yen. This store is the cheapest I know of in a 50 mile radius and like many states, there's no sales tax on food items.
Re: Unreal Yen.
KaLi, is unreal. You've got to live here to beleive it. The economy is simulatiously bad, good, fantastics... incredible amounts of bling amongst all three social classes... full restuarants...
Hu knows. Pathological optimism is definitely working out for most people.
It's called EBT.
Living and growing up on the East Coast in the 50s & 60s, we huddled around our B&W TVs (packed with vacuum tubes for extra heat!) and watched the Walt Disney show and the Mickey Mouse Club. The oil heat was cranked up to at least 75 degrees (why not at 19 cents/gallon?) because we had been outside and Jack Frost had nipped the fuck out of our noses. We saw all these attractive young people frolicking in the SoCal sun, year round, while we dried out our soggy gloves on the baseboard heating and got nosebleeds from the 20% indoor humidity.
We saw monorails and futuristic cars and everybody was surfin' USA. My older brother had a really bad crush on Annette Funicello, so he dated an Italian girl from Union Street who sorta looked like her. My sister had a crush on Jimmie Dodd who urged us to make the correct moral choices. I thought Jimmie was gay but I kept my big yap shut.
Even the Mexicans were cool as hell as we watched Don Diego de la Vega go undercover as Zorro and open up major cans of whoop-ass on the oppressors of the townfolk living in 'El Pueblo de Nuestra Señora Reina de los Ángeles sobre El Rio Porciuncula' (Pre-historic Los Angeles). And he was so bad-assed, he didn't even need a Walther PPK, just a frickin' sword, man.
We all wanted to go live there for the chicks, the hot rods, the warm weather, surfboarding, the Beach Boys, etc. Then the 60s made us want to go there for the hippie chicks, free love, the Jefferson Airplane, the Dead, unlimited supplies of weed that wasn't all seeds and stems, GTOs, Corvettes, the list goes on Ad Nauseum.
So how did you people manage to let our Paradise turn into a major shit-hole, and the asshole of the Universe?
Everyone did come out. Then we left in 67.
Started to get weird in LA 'burbs. Oh, we had riots too as we had a group with nothing to lose who were left behind in the growth.
Moved to Whidbey Island.
At least you moved out there and I respect you for that. We thought we had a lot to gain from staying put and working for Uncle DuPont. That worked for a while, until it didn't. (another long essay nobody here wants to read).
Must...follow...herd.
I have all my "boneless skinless chicken breast" delivered by Amazon drone:
Boneless Skinless Chicken Breasts: Amazon.com: Grocery
If the chicken is organic, free-range, anit-bio & hormone free, boneless & skinless, then the price goes up. The price per pound of the bird i just described in the form of skinless, boneless thighs is roughly $7/lb at Kroger in Madison, AL. (last week)
Ignorant, not stupid types? Ha ha.
Too many spending other people's money. Who gives a fuck about the price when you didnt have to work for the $.
Took the family to the Shriner's circus last night. The crowd was fucking freak show. Real missing link types. All obese or retarded. I was the only one there who looked like he came from work.
Yet I seemed to be the only one agonizing over prices of all the shit they were hawking to the kids. I just dont get how someone who, "statistically" has a 93rd percentile household income perceives that I cant afford anything, but all these motherfuckers have no problem buying $10 cotton candy and $15 light up toys.
This is what the USSR must have felt like before the collapse. I'm working my ass off and look around at other people who dont do shit but seem to get everything they want...
It's called egalitarianism.
The philosophy and practice of making welfare recipients equal to productive workers.
Do you realize how close you ventured to pure evil going to a Shriner's Circus?
Deflation would be the end of the "Keynesian" religion.
And NOBODY stops believing in their Imaginary Friend without a huge fight!
Good Lord NOTaREALmerican you're full of color tonight!
Did you get laid?
Who is inflation good for ? And who is deflation good for ?? That is your answer.
Lol deflation.
I'm properly hedged. Bring it on.
We're in the eye of a shiticane here!
Deflation is the blessed consequence of Intellectual Effort disrupting the old practices still making bank. More for less, the new way. Pay as you play, not while you're yoked. Who is your daddy?
You cant sell this future at any price, market my ass. gatting shorter & shorter. like the never never fly, smaller & smaller circles until it dissapears up its own a**.
the Guess what its the military guyes buying gold and silver. good for gov.
If the American people owned the Federal Reserve, it might be more accountable to them...or not. But once you realize that it is owned by other banks and foreign interests it is not hard to understand what it does hurts the American people and enriches its owners. It has NEVER disclosed any ownership interests except the broad ownership by member banks and foreign entities.
Cue Francis Sawyer...Francis??? This site getting sold and transplanted to euro-land sure cut out a great poster and ranter..
Not just him! There's a handful of peeeps that I used to enjoy reading their insights on certain topics. They did some testing of the censorship boundaries after the rasssssist policy was posted, and one by one they vanished into the night. so sad......:(
But...they say they want to PROTECT us when they really just want to CONTROL us.
A re-do of the pre-'29 path of
juicing returns by lending to
unqualified buyers, but 2d time
round selling the loans, and
insuring and then also shorting
them, might have a cousin in an
industry controller lending to his
competitors to then flood his market
and then calling the loans.
What's possibly changed lately, I
think, is where category killers
like Home Depot might've quickly
gobbled players like National
Lumber, a few decades ago,
somewhere between Gen's X/Y,
and certainly by Z, outright
privatization of major sectors
with full monopolistic architectures
has emerged, with complainers
accused of being statists or
interferers with free commerce.
In fact, though,
inappropriate privatization has
nothing to do with free enterprise
and generally results from the
trashing of democracy by privatized
(puppets') policy. Those types
sell to their constituents'
weaknesses.
Obviously, the mortgage/interest
rate market fits that bill.
Keynesians would say falling
GNP led to a drop in money supply,
vs. the monetarists' drop in money
supply led to a fall in GNP.
The present experience is
monetary and bankers'.
If one thinks carrying the banks'
dead weight is yet a hanging
Ponzi scheme, he has the choice
of investing the way the banks
want him to invest, though knowing
the banks plan to invest in the
adversity created by exaggerated
cycles, and thus he has to accept
he's playing musical chairs.
Or, he can wait for the folly to
play out. If the West's central
banks are hammering gold, then
especially if he actually SOLD the
banks' mortgage bubble, then he's
getting ripped off lots of time
AND money. Waiting for the folly
to play out comes with waking up
every morning to full safe money
exposure to real negative returns.
Millions of Americans daily do
deals more intricate than this
idea of selling mortgages to
unqualified buyers to over-tranche
sell to short.
The basis of the whole trashing
of our markets is actually a
remarkably petty one.
Subsidizing the economy through the use of free money didn't seem to work out
,as planned.
Re: as planned.
Not for the peasants. Worked out pretty good for the top 10%.
It sure as hell ain't free.
The price to be paid will be devastating
Inflation, Deflation, Obfiscation.
Inflation<deflation> confiscation<
Deflation, inflation, confiscation!
I offer $ 6000.00 for your house BITZ.
The Fed has a lot of staying power,just ask Japan.The U.S. can drag this slowness out a very long time.Still a lot of trillions to print.Just buy gold and silver with the shit to give yourself an insurance policy.Gold and Silver are real money,the U.S. Constitution says so.I'm not even American and myself and most others wordwide are hoping that Americans would start buying big like the Chinese.Save in gold and silver.
Inflation not only hurt savers also hurt those bought fixed life insurance. Image 30 years ago what you can buy with $100k and now. Inflation push prudent savers become mindless risk takers.
Buy VUL in this case.
Im short your house 2000.
More and more people are dependent on the productive value adding work of fewer and fewer people and the problem is getting worse, not better with automation.
In the aggregate, the only ways to pay the interest on debt is either by creating more debt and piling up more interest OR by paying for it with one's labour. It is clear that enemy is interest and those who hold a strangle-hold on the world through their parasitic creation of debt-money and the skimming of labour and valuable assets. One can make the repayment of debt interest less onerous by decreasing the interest rate ... but this also fuels and locks the world into systemic misallocation of capital.
And now, in the aggregate it is clear that the problem is worse than it was back in 2008. There is more debt. Interest rates cannot go lower and there is less productive labor to pay back the interest and balance the system.
The financial system needs and enema to flush out the misallocated capital and destructive concentration of money power. If too big to fail banks fail, are broken up and power is returned to savers and productive labour, all the better.
Another way to pay interest on debt is QE, which effectively retires government debt (most of the interest the Treasury pays to the Fed gets returned. And the Fed creates from nothing the money (reserves) to buy bonds).
If it is gubmint mnny they must pass it down to me IMMEDIATLY. To be a public serpent and do otherwise would cause constanati9on.
Yep. Their debts are lower. Our prices are higher. From Food, to Gas to Heating oil. Unfortunatly they do not even count those items in their inflation numbers. We are losing.
It's too late for deflation. Since 1971.
No it is deflation there is a hole in the money.
But the hole is plugged by Yellen and reinflated with her flatulence?
Sorry for the image.
Scrabbling for QE/Rehipothication (fraud will work untill no bonner ses).
World will be in flames by the fall.
That's just the color of the leaves.
Ignore it.
Just in time for winter warmth ;-)
Here in the Deflationists Lounge we wonder which enemy the average person considers worse - their deflating wages or their inflating inelastic demand goods prices.
I'l bet the fixed income(insurance industry) is sweating BRiCs right about now.
They're probably looking for some whack job Zero Hedge ideas?
Joe Isuzu, Sham Wow guy, ect... </sarc>
HALF ASSED DAB IN THE SELL MKT.
NO SHIT HERE.
The type of deflation that the FED's policy excesses creates is of the profoundly negative and catastrophic variety due to massive mal-investment caused by artificially low interest rates, etc, ad nauseum. However, the type of deflation that is a by-product of free and unimpaired markets is an organic result of savings, investment and productivity, this is beneficial to consumers and society as a whole, a mechanism that has been completely undermined, if not destroyed, by the FED's policies in particular and Keynesian monetary theory in general.
Reading bios about James Madison. Revolutionary at 23.
When do we start? Then and now the issues are the same....with twists of some logic remaining. Voting is not one of the remaining options, we are too corrupted for that, as evidenced.
MASS demonstration worked then and now.
OWS scared the shit out of TPTB like nothing else has, nothing!
The mass of pissed off people is only growing. See you in the streets or are you a Tory?
Like this financial turdbowl? Not a Madison quote.
The silent destruction of savers by the international owners of the Federal Reserve, IMO, is a broad step toward the establishment of socialism in the United States through the deliberate destruction of the bourgeoisie, i.e., the middle and upper-middle classes. This strike against savers has the same purpose as ObamaCare, which is not healthcare at all, but universal control.
In Marx’s theories of conflict and change between two groups, the bourgeoisie (propertied classes) and the proletariat (unpropertied), the bourgeoisie inevitably would be destroyed.
Irving Fisher perhaps would be saddened to know that the idea of forced equality he once thought dead in America is in full play by a Federal Reserve elite whose exposed goal is to attain total global control. As that is the current case, one might say that Bernanke, Greenspan and Yellen have trumped Irving Fisher.
Also unheeded today is Henry Hazlitt who outlined how it is capitalist production and not government programs and central planning that enriches a nation. Wrote Hazlitt in 1973 in The Conquest of Poverty. :
Equality Once for All
“A socialist proposal that used to be aired frequently a generation or two ago but is not much heard now (when the emphasis is on trying to legislate permanent equalization of income) is that the wealth of the country ought to be distributed equally ‘once for all,’ so as to give everybody an even start. But Irving Fisher pointed out in answer that this equality could not long endure.
“It is not merely that everybody would continue to earn different incomes as the result of difference in ability, industry, and luck, but difference in thrift alone would soon reestablish inequality. Society would still be divided into ‘spenders’ and ‘savers.’ One man would quickly go into debt to spend his money on luxuries and immediate pleasures; another would save and invest present income for the sake of future income.
‘It requires only a very small degree of saving or spending to lead to comparative wealth or poverty, even in one generation.’
“’Even Communists have now earned that wealth and income cannot be created by merely alluring slogans and utopian dreams. As no less a figure than Leonid I. Brezhnev, First Secretary of the Soviet Communist Party, recently put it at a Party Congress in Moscow, “One can only distribute and consume what has been produced; this is an elementary truth.”’7
“What the Communists have still to learn, however, is that the institution of capitalism, of private property and free markets, tends to maximize production, while economic dictatorship and forced redistribution only discourage, reduce, and disrupt it.”
7. The New York Times, May 29, 1971
https://mises.org/books/conquest.pdf
“To blame ‘excessive saving’ for the business decline would be like blaming a fall in the price of apples not on a bumper crop but on the people who refuse to pay more for apples.” – Henry Hazlitt
“Meanwhile,” as has been said “the passbook saver has his wealth stolen by making his $ worth less, while the banker laughs all the way to…..the bank.”
Neal, Maria, Larry, ...Rick? Welcome to FBN. Market share going to explode...
Probably Mark if he were still with us, RIP, and bless him.
Pawn shops
Payday Loans
Rent to Own
Cash for Gold
$800/month for healthcare and MORE if you use it!
How to extract cash from a poorer and poorer victim class
I hope you assholes are proud of yourselves. You make me sick.
Santelli is reading rebel literature. Soon he will get to Rothbury and it will all be over.
Santelli can rant, but he's a fool in la-la land just like the rest.
The entire financilal system is a farse. There is no functional pricing determination left and arguing about the prettiest horse at the glue factory ain't the way out.
Sorry Rick - neo Fascism owns you too.