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Santelli Goes Berserk, Slams Fed Which Was "Not Created To Be A Feel-Good Institution"

Tyler Durden's picture


It started as a discussion about the reality of inflation versus propagandized "noise" and devolved into what is possibly Rick Santelli's most epic rant.

First, Santelli says the Fed has done enough (and it hasn't worked "but to get the market higher") to which Liesman's "but higher interest rates won't help" argument is backed up by more counterfactuals of "just think how bad it would have been" without the Fed. Santelli's screamfest rightly attests that we do not know - we might have been well on our way to recovery by now... and adds that - despite Liesman's imploring, "the Fed was not created to be a feel-good institution."

Finally, slamming the herd of zombified analysts and talking-heads that follow sheep-like the Fed's every word off the inevitable cliff, Santelli blasts (unafraid to stand up for the jobless Americans not driving their new Rolls-Royce on the back of levered 'wealth creation' in stocks), "This is America! We don't follow consensus, we set it!"


This is what Santelli is upset about... Who is the Fed working for? Main Street or Wall Street?


The "people" never caused the crisis that the Fed bailed the banks out of... Liesman cannot let "low rates" go and Santelli explains how capital will come out if it can get a decent return and the status quo thinkers have it backwards... "The Fed was not created to be a feel good instituion"


And as the CNBC anchor says the Jury is still out on whether the Fed should pull back, Santelli explodes... who is "judging" the success... not America's jobless or hordes of part-time workers... Liesman jibes "it's impossible for you to have been more wrong" but as the chart above shows... Santelli was entirely correct - the Fed did nothing for the people...


The real issue with QE and Yellen's "Social contribution" to America...


Simply put - the market's unstoppable rise provides any and every talking head status-quo apologist with the ammunition to "prove" the fed was right... when all the data shows it has done little if anything but bail out banks, enrich the wealthy, increase inequality, and shows no signs of stopping...

*  *  *

Santelli is right no matter how loud his screamfests grow; frustration with the ever-more blinkered mainstream who know just how "high on supply" we have become but also know just how devastating another fall will be for it will expose the truth that nothing the Fed does is real... or creates lasting wealth...


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Mon, 07/14/2014 - 14:08 | 4956088 SmittyinLA
SmittyinLA's picture

I saw his rant on mute, somebody should insert the downfall dialog stream to his rant

Mon, 07/14/2014 - 14:09 | 4956103 Slave
Slave's picture

Are you all enjoying your show? Is it a good one?


Mon, 07/14/2014 - 14:11 | 4956117 lordylord
lordylord's picture

Yes, we know.  It was created to steal wealth.

Mon, 07/14/2014 - 14:15 | 4956123 hedgeless_horseman
hedgeless_horseman's picture



The Fed was created by the big banks to eliminate competition and guarantee profits for the big banks.

Mon, 07/14/2014 - 14:16 | 4956148 Hippocratic Oaf
Hippocratic Oaf's picture

LIESMAN IS A fed tool CNBS cheerleader with small penis envy and a strong desire to get fucked by helicopter Ben.

Miss anything?

Mon, 07/14/2014 - 14:19 | 4956172 max2205
max2205's picture

Call me when Rick spontaneously combusts

Mon, 07/14/2014 - 14:21 | 4956181 Death and Gravity
Death and Gravity's picture

Yay, drama.



Mon, 07/14/2014 - 14:24 | 4956193 gh0atrider
gh0atrider's picture

Satoshi has a plan for you.

Mon, 07/14/2014 - 14:32 | 4956220 Pinto Currency
Pinto Currency's picture



Higher interest rates are needed to stop speculative excess, remove unproductive enterprise, and to focus capital on high-return projects.

Read re. Time Preference and Capital-Based Macroeconomics.

The economy has been completely crippled and malstructured by easy money and more easy money is not the solution.

More easy money will lead to collapse.

Mon, 07/14/2014 - 15:00 | 4956331 DeadFred
DeadFred's picture

A collapse which is taking it's own #$@&! time arriving if you ask me.

Mon, 07/14/2014 - 15:20 | 4956436 Keyser
Keyser's picture

Let's hope that LIESman is in the first round of beheadings when the guillotines get warmed up...


Mon, 07/14/2014 - 15:23 | 4956459 Pinto Currency
Pinto Currency's picture


The US and Europe are large diversified economies.

Collapse takes time but the loose money is destroying the foundations of the economy.

Collapse will come if the central banks continue their loose money policy.

Mon, 07/14/2014 - 15:51 | 4956587 saveandsound
saveandsound's picture

"the fed [..] shows no signs of stopping..."

I tell ya... there might be another deflationary shock... however, that whole circus in asset prices might also be the beginning of a crack-up-boom. Just wait until they "untaper".

Mon, 07/14/2014 - 15:57 | 4956620 InjectTheVenom
InjectTheVenom's picture


Mon, 07/14/2014 - 19:31 | 4957372 chumbawamba
chumbawamba's picture

Why would he want to go anywhere else?  He gets paid well to play the ranting lunatic that no one listens to. The mad girl with the staring eyes and long white fingers hooked in the stones of the wall, the storm-wrack hair and screeching mouth.

Poor bitch be wise, Santelli.

I am Chumbawamba.

Mon, 07/14/2014 - 21:10 | 4957632 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

Rick is doing a very good Howard Beale impression- better watch it Rick or you might end up like Howard!

Mon, 07/14/2014 - 21:37 | 4957681 Four chan
Tue, 07/15/2014 - 05:24 | 4958211 zhandax
zhandax's picture

Want to solve the problem?  Tall Paul showed us what corrects excesses.  Jack fed funds to 10% tomorrow.  Rinse and repeat until the system is humming again.  Tall Paul and his boss existed in an environment before the people most vested in the status quo had completely bought the politicians who could stop it; i.e. it won't happen this time (until that big black bird decides to take a shit).  Don't think this rally can hang on?  Did you imagine the biggest buyer of US debt would be Belgium?  Did you think the real estate market would be kept from cratering by luxo buying by the Chinese?  Amazing where these dickheads can muster new cash to patch short-term problems with a bit of sector averaging.  Two parties trading to scratch each other's back.  Technically it is capitalism, but in it's most vile and venal form.  When fomented by two oligarchies, it is the most repugnant blaspheme of the term.

No, I don't support this, and I realize where this ends, as well as the intermediate bounces along the way.  And I will concede the possibility of a 10% or 20% drawdown by October.  But I do recognize that traditional market forces have been usurped, as those of us with an extra hole in our ass from trying to anticipate the correction from 2009 have realized long ago.

Tue, 07/15/2014 - 06:07 | 4958331 ilion
ilion's picture

British pound jumped like crazy today against the US dollar as UK inflation figures came in much higher than expexted. 1.7250 looms. Intraday chart here.


Mon, 07/14/2014 - 19:31 | 4957377 SMG
SMG's picture

Hey ZH sorry to threadjack.  Seems like they are killing the JPM IT people now.   They the Morgue actually took out life insurance policies on their own people.  Sick.


Mon, 07/14/2014 - 15:54 | 4956607 InjectTheVenom
InjectTheVenom's picture


Mon, 07/14/2014 - 18:16 | 4957161 ImReady
ImReady's picture

And that network would be? 

Mon, 07/14/2014 - 18:46 | 4957255 Keyser
Keyser's picture

Bloomberg? From the frying pan into the fire...

Mon, 07/14/2014 - 23:54 | 4958008 Killer the Buzzard
Killer the Buzzard's picture


Tue, 07/15/2014 - 01:25 | 4958124 FEDbuster
FEDbuster's picture, as head financial reporter.  Pay cut, but the truth could be told to a much bigger audience. Plus Rick could move from Chicago to Austin, TX (no state income tax and much better weather).

Tue, 07/15/2014 - 05:39 | 4958297 Squid-puppets a...
Squid-puppets a-go-go's picture

Santelli is playing 'fool on the hill'. He's in the best possible place for a role like that

Mon, 07/14/2014 - 19:32 | 4957381 nailgunnin4you
nailgunnin4you's picture

Am I the only one that thinks zerohedge needs to compile a 'to be guillotined' list? Members can vote to see who is first on the chopping block. 



My vote: any Rothschild will do I'm not picky.

Tue, 07/15/2014 - 01:41 | 4958139 Kobe Beef
Mon, 07/14/2014 - 15:24 | 4956454 Pinto Currency
Pinto Currency's picture



Mon, 07/14/2014 - 15:35 | 4956516 Leonardo Fibonacci2
Leonardo Fibonacci2's picture

Santelli is a fucking clown

Mon, 07/14/2014 - 16:20 | 4956719 kaa1016
kaa1016's picture

He's been saying the same shit for 5 years. 

Mon, 07/14/2014 - 17:11 | 4956897 Lore
Lore's picture

Funny how commentators with balls to state the obvious - albeit too briefly (whadaya expect from network television) - attract hollow castigation from the likes of you. Speaks volumes.

Mon, 07/14/2014 - 19:32 | 4957383 chumbawamba
chumbawamba's picture

Totally.  I'll bet they say the same thing about DiCaprio's performance in Wolf of Wall Street.  Everyone's a fucking critic.

I am Chumbawamba.

Mon, 07/14/2014 - 21:46 | 4957700 toxic8
toxic8's picture

Wolf of Wallstreet - what a fuckin joke. Here's a two bit slimy sheister, a failed hustler who just didn't have it in him to make it to the top of the scumstack (boo fuckin hoo) and so he made his fortune pumpin and dumpin blue collar workers ...  and let's take a - honestly - 10 minute plotline, throw in DiCaprio and an apparently senile and now sadly, wholly defunct once-upon-a-time director to stretch it into a 3 hour epic glorifying the felon's lifestyle - because hey, it's the American way!

Even better we'll serve it up just after the whole MBS / FED / wallstreet assraping debacle when John Q Public's ass is still nice and raw, and the stupid fucker will pay to sit through all 200 minutes of watching his own ass get reamed on the big screen, never even realizing the fucking jokes on him...

Movie was fuckin garbage! We got a saying here in Brooklyn... you gonna fuck me in the ass and not even spit on it?

Fuckin pricks! Laughing all the way to the bank AND chargin $14 bucks for the fuckin Hollywood re-run of it?


Get the fuck outta here!

Tue, 07/15/2014 - 02:34 | 4958169 chumbawamba
chumbawamba's picture

We got a saying here in Brooklyn... you gonna fuck me in the ass and not even spit on it?

I am staying the fuck out of Brooklyn.


Tue, 07/15/2014 - 13:14 | 4959617 toxic8
toxic8's picture

And miss the wonders of Boro Park? Oy.....

Mon, 07/14/2014 - 18:25 | 4957190 angel_of_joy
angel_of_joy's picture

That's because he has been right for 5 years by now (and counting).

Mon, 07/14/2014 - 18:52 | 4957278 Keyser
Keyser's picture

Thank you for pointing that out to the assclowns... 


Mon, 07/14/2014 - 17:53 | 4957079 tarsubil
tarsubil's picture

Honestly, look around you. We are the collapse you've been waiting for. I carpooled to a hike with four women in late 20s early 30s. One had a stable job, one was going to Bangladesh for an admin position, one was a nanny (every other woman between 27 and 32 is a nanny), and one was at 29 hours per week. None of them wanted kids. And these were above average women. Who cares about oil, the stock market, or currencies, our society is collapsing right now. The big banks have already destroyed the core of the US. In 20 years, the entire country will look like Detroit. Stop waiting for some instant collapse, this is a relatively slow descent. History will see it as rapid.

Mon, 07/14/2014 - 18:52 | 4957276 Oldwood
Oldwood's picture

Ok, so the plains buffalo were slaughtered and virtually eliminated in a period of relatively few years, and were subsequently replaced with relatively domesticated cattle. My question is:

was it a collapse from the buffalo's point of view

or was it "life on the prairie" for the cattle

or both?

It is strange but I feel like we are in a perpetual collapse, with no end in sight. I secretly hope I am the buffalo, yet think I am actually the distant offspring of a range cow, that now lives in a compact stall, being fed dissatisfying meals while waiting.......

Mon, 07/14/2014 - 18:56 | 4957287 Keyser
Keyser's picture

We are the buffalo being slaughtered to feed the horse soldiers (banks)... The cattle metaphor won't come to pass until English is no longer the 1st language in the US... At the current rate, I give it 5 - 10 years, tops... 


Mon, 07/14/2014 - 19:49 | 4957415 chumbawamba
chumbawamba's picture

Ecclesiates 1

1The words of the Preacher, the son of David, king in Jerusalem.

2Vanity of vanities, saith the Preacher, vanity of vanities; all is vanity.

3What profit hath a man of all his labour which he taketh under the sun?

4One generation passeth away, and another generation cometh: but the earth abideth for ever.

5The sun also ariseth, and the sun goeth down, and hasteth to his place where he arose.

wind goeth toward the south, and turneth about unto the north; it
whirleth about continually, and the wind returneth again according to
his circuits.

7All the rivers run into the sea; yet the sea is not full; unto the place from whence the rivers come, thither they return again.

8All things are full of labour; man cannot utter it: the eye is not satisfied with seeing, nor the ear filled with hearing.

9The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.

10Is there any thing whereof it may be said, See, this is new? it hath been already of old time, which was before us.

11There is no remembrance of former things; neither shall there be any remembrance of things that are to come with those that shall come after.

I am Chumbawamba.

Mon, 07/14/2014 - 21:33 | 4957676 Miggy
Miggy's picture

+1 Chu.


John 3:16

Mon, 07/14/2014 - 20:44 | 4957568 Two Theives and...
Two Theives and a Liar's picture

+1 Exactly. The system "died" in 2008. like a fish out of water it's "flopping around" on funny munny before it finally expires. Water is productive capital and the tide has gone out...

Mon, 07/14/2014 - 21:32 | 4957675 Miggy
Miggy's picture

It's true but can higher interest rates even be considered at this point with all the debt that has to be serviced? I don't think the system could handle it. Many see the collapse as imminent although nobody is quite sure what else can be implemented to put it off.


My grandparents made 15% on their money in the 50's.


The Fed to the banks is like your brother. I can say something about him but you better not.

Mon, 07/14/2014 - 16:31 | 4956755 Bingo Hammer
Bingo Hammer's picture

That's soo Fonestar, yay!

Tue, 07/15/2014 - 07:40 | 4958426 shouldvekilledthem
shouldvekilledthem's picture

Bitcoin is the ultimate exit from the system. :)

I find it ironic that the ZH community does not appreciate it.

Mon, 07/14/2014 - 14:26 | 4956201 Save_America1st
Save_America1st's picture

Santelli rocks.  Why doesn't he leave that punk-ass, propagandist, shit-for-brains, White House d!ck sucking, dying, so-called "network" and at least move over to Fox Business.  He can still do what he does and at least he won't be doing it on air to maybe 500 people/losers and where we only hear about it later on ZeroHedge because we certainly won't watch CNBS just for him to give them any ratings. 

Mon, 07/14/2014 - 14:43 | 4956273 MeBizarro
MeBizarro's picture

Fox Business?  Rick would need to get a blond wig and 34C implants.  They're the most worthless of the 3. 

Mon, 07/14/2014 - 15:14 | 4956395 t0mmyBerg
t0mmyBerg's picture

LOL.  That is hilariously true.  I cant stand the cupi doll look of the fake people on fox.  But I hate the intellectually vacuous lunacy on CNBC even more.  And I will not even spend a minute on the network of Mike "they cant live without me so I will change the law to have a third term" Bloomberg, fuck him and his elitist anti second amendment bullshit.  Which leads me back to Fox.  If Santelli moved to Fox, it would be the channel I had on all day.

Mon, 07/14/2014 - 15:16 | 4956408 twh99
twh99's picture

Actually Maria Bartoromo's show is one of the best Sunday morning shows around.  Even though it is business based, she gets into politics and has a definite air of skepticism when it comes to this adminitstration.  Refreshing!

Mon, 07/14/2014 - 15:59 | 4956632 InjectTheVenom
InjectTheVenom's picture

she can go munch on a bag of dicks for all i care ... bring me someone fresh & real

Mon, 07/14/2014 - 16:36 | 4956772 Bingo Hammer
Bingo Hammer's picture

"she can go munch on a bag of dicks for all i care"

Just had to repeat that, LOL, too funny, thanks "Venom"

Mon, 07/14/2014 - 17:54 | 4957083 Late onset ADHD
Late onset ADHD's picture

munch, munch... munch a bunch o'  _ _ _ _ _




Mon, 07/14/2014 - 18:43 | 4957248 stocktivity
stocktivity's picture

She works for Fox! She has to have a negative view of Obama.

Mon, 07/14/2014 - 14:44 | 4956275 The Limerick King
The Limerick King's picture



Santelli was classic today

His unabashed truth on display

His marvelous wit

Unleashed on a twit

Once LIESman had entered the fray

Mon, 07/14/2014 - 15:08 | 4956359 Save_America1st
Save_America1st's picture


Mon, 07/14/2014 - 17:59 | 4957096 Late onset ADHD
Late onset ADHD's picture

exactly how much thorazine did liesman inject before that interview...



Mon, 07/14/2014 - 14:46 | 4956281 redpill
redpill's picture

Because he gets well paid by CNBC to appear unhinged so the gravy train Wallstreeters can treat his point of view as one of extremism instead of calm reason and truth.


Mon, 07/14/2014 - 15:16 | 4956411 t0mmyBerg
t0mmyBerg's picture

That is a seriously cynical view.  I have talked to Santelli in person.  He seems a genuine sort of guy who is merely telling it like he sees it.  So I do not buy your Santelli is bought by the Wall Street scum assertion.

Mon, 07/14/2014 - 15:21 | 4956443 JLee2027
JLee2027's picture

I hope you're right. But Bart Chilton looked pretty good for a while too. 

Mon, 07/14/2014 - 15:30 | 4956497 rayban
rayban's picture

I concur. Rick was a trader and he seems to have something more valuable than his CNBC paycheck at stake.

Mon, 07/14/2014 - 15:39 | 4956537 The Limerick King
The Limerick King's picture



A verse on controlled opposition

Santelli may hold that position

A rant this insane

Is a status-quo gain

He looks crazy by any admission

Mon, 07/14/2014 - 15:48 | 4956573 hedgeless_horseman
hedgeless_horseman's picture



This is one of you best, LK.

Mon, 07/14/2014 - 20:14 | 4957475 The Limerick King
The Limerick King's picture

Much appreciated HH.

Mon, 07/14/2014 - 16:33 | 4956762 bitterwolf
bitterwolf's picture

LK spot on lyrical logic

controlled oppostion

logical to play all positions

to support THE position

Mon, 07/14/2014 - 22:54 | 4957863 t0mmyBerg
t0mmyBerg's picture

well said.  i grant you this point.  he is not a master wordsmith and his passion can look untethered.  but christ i just cannot stand the smug face of that asshole liesman and his self-assured bs "you could not be more wrong".  really steve?  prick

Mon, 07/14/2014 - 21:38 | 4957684 Miggy
Miggy's picture

He probably knows this and is genuine but if it's the only way he can get on the air to give his point of view so be it. Nader knew he would never win the presidency. By running he at least got some air time.


John 3:16

Mon, 07/14/2014 - 15:19 | 4956434 JLee2027
JLee2027's picture

It's hard to tell where real starts and contrived ends. 

Mon, 07/14/2014 - 16:47 | 4956815 crazzziecanuck
crazzziecanuck's picture

Clearly, people are getting frustrated and rightfully so.  Notice how the "establishment" players are trying to play the cool levelled headed people as sh*t is burning the f*ck down all around them.

One gigantic episode of the Emperor's New Clothes...

Mon, 07/14/2014 - 14:33 | 4956224 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

America often seems to live on drama.

Mon, 07/14/2014 - 18:47 | 4957262 stocktivity
stocktivity's picture

I thought America lived on Dunkin'

Mon, 07/14/2014 - 20:31 | 4957527 mjcOH1
mjcOH1's picture

America lives on the EBT.

Mon, 07/14/2014 - 15:45 | 4956559 SilverDOG
SilverDOG's picture




I'd rather see him walk onto CNBC NY camera and pound the crap out of that stupid, fat, cherub.

The one who lies like a rug and was molested and now molests young cherubs for sure.

Somebody RUN that mutated toad OVER.

Liesmanass with his beady little eyes would make a popping sound.

Mon, 07/14/2014 - 14:42 | 4956267 spekulatn
spekulatn's picture

I would add that maybe Steve is trying to get Rick to blow a gasket so severe Rick drops dead of a massive heart attack on national tv.  

Ratings will then green shoot through the roof.


Mon, 07/14/2014 - 16:41 | 4956793 Duffy Duck
Duffy Duck's picture

Why would he envy lads who possess a diminutive phallus.

I like your stuff Hippo, but sometimes it's like you're from another planet.


Mon, 07/14/2014 - 17:49 | 4957060 Late onset ADHD
Late onset ADHD's picture

does this central bank...

make my butt look big?...



Mon, 07/14/2014 - 18:48 | 4957267 stocktivity
stocktivity's picture

If you're an American, your butt makes your butt look big.

Mon, 07/14/2014 - 18:28 | 4957196 More_sellers_th...
More_sellers_than_buyers's picture

i used to work on the street. And I used to laugh at Rick, because his knowledge of capital markets was very limited. (circa late 90's ).. But he has grown. He is not out spouting conspiricy shit. He is not lying. He is disputing a tool like liesman.  I like Rick, he is the only one speaking the truth, and his knowledge has grown of his surroundings. God bless him. My only advice to Rick is dont buy a nail gun

Tue, 07/15/2014 - 08:08 | 4958469 Antifaschistische
Antifaschistische's picture


Come pick me up, and take me for a ride around my city and show me the capital investment you're referring to!!

All the cheap homes that are being built with staple guns?

Runaway .gov debt?

Is he referring to the epic stock buy backs?  (that's not capital investment)

Okay..."fracking"?   Is that it?

Go to parts of the world where they understand capital investment.  Building something, that will employ hundreds, thousands, tens of thousands of people.   That's capital investment.  It's not happening here.

Mon, 07/14/2014 - 14:17 | 4956155 knukles
knukles's picture

Saint Santelli.
One of the last of the good olde fashioned bond guys from when bond people were the crazies....
Now, the only sane ones left.

Mon, 07/14/2014 - 14:47 | 4956284 edotabin
edotabin's picture

and unfortunately, he's about to have a stroke if he keeps raising his blood pressure like that. I get the frustration but he's gonna have to dial it down a notch or two.

Mon, 07/14/2014 - 20:59 | 4957609 venturen
venturen's picture

sadly he is one of the few that understands that the path we are on....ends the country. Laugh if you want....but debt KILLS COUNTRIES. Obama and his cronies would steal their grandmothers last can of dog food. We are talking about the END! Goldman et al...with just move to the next host beast and don't give a SHIT if the USA goes down the tubes....the tribe has occupied many countries...

Mon, 07/14/2014 - 14:26 | 4956202 yrad
yrad's picture

This book is on my bed-side table...

Mon, 07/14/2014 - 14:36 | 4956242 Save_America1st
Save_America1st's picture

Same here...I have 3 copies currently.  Had 6 but gave 3 away to those who became worthy of knowning and who I knew would actually read the book all the way through.  Others who I wasn't sure were worthy enough only got the online .pdf file copy...if they're worthy then they'll read it...none of them have yet.  When they don't understand what I'm talking about in these matters is when I ask them, "Have you read the Creature From Jekyll Island yet?", and of course I get the typical, "No....I haven't had the time..." blah, blah, blah. 

I also talked 2 people into buying a copy from Midas Resources because with the purchase of the book for 25 bucks you get a free silver dollar.

You can't freakin' beat that deal since the coin is worth around 15 bucks and destined to be worth a helluva lot more in the near future which equals Free Book!

Mon, 07/14/2014 - 14:57 | 4956310 HardAssets
HardAssets's picture

@Saved_America1st - - -  good job !

I can't get people to read anything, - - even that written at a comic book level (and comic book length). 


Here's a great series of 5 videos to pass on to others on money/gold/banking. It's called 'The Hidden Secrets of Money' and does an outstanding job explaining these concepts so that anyone can understand them. Its valuable for anyone, but particularly for those who will watch a video before reading a book. And, it doesn't take that much time to watch all 5 videos and have a very good idea how the system works:


Mon, 07/14/2014 - 15:25 | 4956448 Save_America1st
Save_America1st's picture

Thanks definitely ain't easy to get people to read anything other than the garbage and nonsense on their dumb-ass phones or Fraud Book, Twatter, etc. 

And yep...I have also sent Maloney's series from his youtube channel to my lengthy distrubtion list of friends and family.  Probably several times since the first episode came out.  And you know what I've gotten back in return so far?

Crickets, man....nothing but crickets.  I certainly can't get anyone to read about this stuff if they won't even watch what is probabaly the best series on the subject for free in short episodes. 

That's worrisome to me too, because my email list is long and 100% patriotic, convervative, anti-obama, anti-Commies, etc. etc.  Yet it's been near impossible to get much effort out of many of them over the past 6 years or so while I feel like I've moved leaps and bounds away from them in what I have taught myself over the same time frame.

I definitely understand the old addage that you can lead a horse to water, but you can't make him drink. 

Same thing applies to "the path".  You can show it to people, tell them all about, etc.  But if they don't want to walk the path and figure all this shit out on their own then it's virtually impossible to get them interested much farther than just blindly agreeing with you about how messed up things are and why even if deep down they don't really get what's going on.

It's the same thing with stacking phyzz and prepping supplies, getting out of the banking system, arming yourself and training for any SHTF scenarios.  They just don't want to believe what's going on right in front of their eyes.  You start to feel like it's the Matrix and you're just one of the few milling around in it who actually knows it's all a fraud while everyone else wanders around content in their normalcy bias and apathy. 

But I keep trying.'s a good write-up today from Economic Collapse Blog:

The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming

The head of the BIS says this shit's getting real, ya'all. 

Mon, 07/14/2014 - 14:26 | 4956203 asking4it2k
asking4it2k's picture

The FED cant raise interest rates without crashing the big bank's "interest rate derivatives" market. Your looking at trillions of losses.

Title II of the Dodd-Frank Act allows for the big banks to legally confiscate YOUR DEPOSITS.

Scary stuff !


Someone needs call out Janet Yellen on this.

Mon, 07/14/2014 - 14:27 | 4956208 astoriajoe
astoriajoe's picture

I'm sure those Fed shareholders feel plenty good.

Mon, 07/14/2014 - 14:36 | 4956227 piceridu
piceridu's picture

....And most importantly, to Wage War without asking anyone for permission. 

It's pretty simple...would there have been an Iraq and/or an Afghanistan war if the war hawks (Bush, Cheney, Obama, McCain et al) asked every man, women and child to send in $5,000 each to fund it? Without a FED, how do you build 13 aircraft carriers and how do you develop and use $2m (each) bombs? And let's not do you fund a mercenary army?

Mon, 07/14/2014 - 21:33 | 4957677 LibertarianMenace
LibertarianMenace's picture

Really, how do the progs fund ANY of their castles in the air? Not one, i.e., NONE, of their ideas are economic. Progressivism if and only if central banking. For progs and plutocrats the existence of the Fed serves as a kind of patronage, like that between marx and engels.

Mon, 07/14/2014 - 14:39 | 4956252 tradingdaze
tradingdaze's picture

The stated original purposes were to protect the soundness of the dollar and banks and also to lessen the jarring ups and downs of the business cycle.

Protecting banks seems to be their only purpose.

Mon, 07/14/2014 - 14:43 | 4956270 The Econ Ideal
The Econ Ideal's picture

"The Fed was created by the big banks to eliminate competition and guarantee profits for the big banks."

Hedge fund for the Treasury, and all the while a guarantee for bailouts and cheap money for "special interests." Created by politicians and cronies to ensure financial repression

Mon, 07/14/2014 - 15:21 | 4956439 tempo
tempo's picture

Be Thankful the FED gave us a few more years because the it will end in misery. Only a question of when.

Mon, 07/14/2014 - 15:40 | 4956538 Chief Wonder Bread
Chief Wonder Bread's picture

Thankful for what?! The excesses continue to build up in the system. The final act will just be that much worse. This is nothing to be thankful for imho.

Mon, 07/14/2014 - 15:50 | 4956583 hedgeless_horseman
hedgeless_horseman's picture



Thankful that we have kicked the can so our children and grandchildren will pay the price for our easy living!

Mon, 07/14/2014 - 15:59 | 4956622 Tall Tom
Tall Tom's picture

The FED has not given us a few more years. They have raped the US Treasury of all of the assets during the past few years leaving you with the crumbs....Table Scraps.


If the Fed never happened we would be a lot richer and quite better off.


They are nothing but parasitical leeches sucking the vitality out of a once vibrant Nation.


They have delivered nothing but suffering. They have not given you a few more years. They have stole your livlihood.


Let the guillotines roll. The Day of Reckoning approaches.


Shoot down the aircraft leaving the REGIONAL AIRPORTS on that day as that is how they plan to escape.

Mon, 07/14/2014 - 16:42 | 4956795 Bingo Hammer
Bingo Hammer's picture

True, the more they delay the more people wake up, the longer they leave it the better prepared people will be for "when" it goes over the edge

Mon, 07/14/2014 - 17:09 | 4956899 villainvomit
villainvomit's picture

Fuck the Fed !

I like Santelli and think he is a pretty sharp guy, but I also think that his rants against LIESman are for ratings.  Hell, they won't even make LIESman shut the fuck up for two seconds with all his ass kissing bitchiness. 

Let LIESman do his talking during five, five minute rounds.  Then he gets to adress Santelli's points of concern.

Mon, 07/14/2014 - 22:59 | 4957877 TheReplacement
TheReplacement's picture

Maybe that is what it was created for, but that is not what it is being used for.  Reality is sometimes far worse than the conspirators dreamt.

Mon, 07/14/2014 - 14:43 | 4956268 HardAssets
HardAssets's picture

Not a 'feel good' institution ?

How can that be since they're always raping us ?


Oh . . he meant not 'feel good' for us, just for them.

Tue, 07/15/2014 - 02:34 | 4958168 Mabussur
Mabussur's picture

It is not rape if one consents. The population consents=it's a misdemeanor at best.

Mon, 07/14/2014 - 14:12 | 4956121 gmrpeabody
gmrpeabody's picture

OT..., I thought ZH would do better when they decided to allow advertisements..., guess I was wrong.

Mon, 07/14/2014 - 14:18 | 4956168 isudas
isudas's picture

The advertisements you see are based on your browsing history.  If you don't like your ads don't let your teenage son use your computer.

Mon, 07/14/2014 - 15:29 | 4956493 philosophers bone
philosophers bone's picture

I was uncomfortable having all of "Buy Silver" and "Chinese Dating" ads come up (I was also receiving "Muslim Dating" ads after going to al  But you can change the target demographic that they assign to you.  So I simply changed one variable - "Male" to "Femaie".  Now I get ads for pregnancy clothes.

Mon, 07/14/2014 - 15:54 | 4956604 gmrpeabody
gmrpeabody's picture

Never used to make it past my Firefox, but I see they have become more smarter...

Mon, 07/14/2014 - 16:46 | 4956808 Bingo Hammer
Bingo Hammer's picture

Darn, that son of mine is watching too much porn on my computer!

Mon, 07/14/2014 - 14:20 | 4956173 Frank N. Beans
Frank N. Beans's picture

"do better," not sure what you mean, but I am seeing a clusterfuck of new ads right above the comments section even when my AdBlock Plus is running.

Mon, 07/14/2014 - 14:23 | 4956188 Hippocratic Oaf
Hippocratic Oaf's picture

Is ZH asking any of you motherfuckers to pony up for FREE information?

Most of it vital and informing?

Let the ads run, I say

Who gives two fucks

Mon, 07/14/2014 - 15:46 | 4956563 TeamDepends
TeamDepends's picture

The ladies are usually attractive it can not be denied.  But if Tyler starts running ads for the FED with Yellen in a bikini....

Mon, 07/14/2014 - 19:24 | 4957362 ajax
ajax's picture



"but I am seeing a clusterfuck of new ads right above the comments section even when my AdBlock Plus is running."

Me too Frank N. Beans

Mon, 07/14/2014 - 20:11 | 4957468 r00t61
r00t61's picture

Adblock Plus sold out, for cold hard fiat $$$.

Use Adblock Edge instead.

Mon, 07/14/2014 - 21:44 | 4957699 LibertarianMenace
LibertarianMenace's picture

What could one expect from Mozilla*??

*Mozilla is a trademark of Google corp. All rights reserved.

Mon, 07/14/2014 - 21:43 | 4957697 Miggy
Miggy's picture

AdBlock Edge does the job nicely on Firefox. (You got me by a few seconds) edit

Mon, 07/14/2014 - 14:34 | 4956235 kchrisc
kchrisc's picture

I let the ads run, as it supports ZH.

I even click on some now and then.

The alternative is that ZH starts charging. Not the end of the world, and probably won't be expensive, but then come the debt-card companies and banksters demanding "controls" in content and comments due to "pressure" from the DC US, etc.

Then one day the DC US comes and says that a comment was "terroristic" or that some pic was child-porn and has the banks yank "processing"—Poof, all gone!

Yeah, I like the ads.

Mon, 07/14/2014 - 14:12 | 4956126 RevRex
RevRex's picture

Someone is going to shoot this guy soon

Mon, 07/14/2014 - 18:12 | 4957144 junction
junction's picture

Now Santelli has to worry about someone mailing him a nail gun.

Mon, 07/14/2014 - 19:26 | 4957366 RafterManFMJ
RafterManFMJ's picture

He likes to run his mouth but the fact is, I AM driving my new Bentley to work at the hair cut emporium.

Only 90 bucks per week on my 120 month payment plan, and one balloon payment at the end. I dunno what that means, but I do know they like 1 dollar for 25 at WalMart so I'm good.

Mon, 07/14/2014 - 14:10 | 4956107 So Close
So Close's picture

NEO, do you ever get deja vu?  or sense that something is just not right?  That is a flicker in the matrix.

Mon, 07/14/2014 - 14:15 | 4956147 frankTHE COIN
frankTHE COIN's picture

Hang in there Rick. They had to Gang up on him today. It then became a little personal on their part. They could'nt even acknowledge any point he made that was clearly true.

Mon, 07/14/2014 - 14:18 | 4956161 slaughterer
slaughterer's picture

Santelli was angry today cause Kev' stopped out the 7X leveraged ES short he set up at last week's lows. 

Mon, 07/14/2014 - 14:40 | 4956259 nasdaq99
nasdaq99's picture

did you guys break that one segment up into 4 pieces to sell 4 adds instead of 1?

Mon, 07/14/2014 - 15:25 | 4956468 tempo
tempo's picture

Iam old and rich, I only care about today . Let the shit rain on the future generations.

Mon, 07/14/2014 - 15:25 | 4956469 tempo
tempo's picture

Iam old and rich, I only care about today . Let the shit rain on the future generations.

Mon, 07/14/2014 - 16:51 | 4956829 Jannn
Jannn's picture

Chinese Gold Demand 973 MT YTD, Copper In Backwardation On The SHFE

Mon, 07/14/2014 - 17:42 | 4957039 Cattender
Cattender's picture


Mon, 07/14/2014 - 23:45 | 4957990 MontgomeryScott
MontgomeryScott's picture

@ 'SmittyinLA':

You seem to be missing the point.


The FACT that 'insider' whistleblowers and those that have been 'turned' within the 'PMSNBC' corporatocracy are daring to send out links to the likes of'ZeroHedge' regarding a video of Pete Santelli slamming the FED. RES. should be giving you a small modicum of hope.


INSTEAD, you talk about muting the 'white noise', as you smoke your blunt.

Why don't YOU 'insert the downfall dialog stream to his rant'. huh?

You 'saw his rant on mute'.

Would you mind repeating the 'lip-service' thing that you eludicated yourself with while NOT LISTENING to what was actually SAID?


Tue, 07/15/2014 - 06:39 | 4958371 doctor10
doctor10's picture

The Fed can't wipe out regulation and taxation and restore the 4rth Amendment. which untill a lot of this happens-capital is worthless in the USA

Mon, 07/14/2014 - 14:08 | 4956089 10mm
10mm's picture

Santelli needs a shot at a cameo appearance in a mob flick.

Mon, 07/14/2014 - 17:26 | 4956217 HardlyZero
HardlyZero's picture

Reminds me of scene from Invasion of the Bodysnatchers, or Night of the Living Dead.

Sane Santelli among the insane Fiat Financiers.

Mon, 07/14/2014 - 14:08 | 4956090 DoChenRollingBearing
DoChenRollingBearing's picture

Oooohhh, I wish I had seen that live!  I'll go watch the videos now...

Mon, 07/14/2014 - 14:10 | 4956094 Duc888
Duc888's picture




What a clown. The Fed is in business to protect it's members banks.  It's all about the skim.  Always has been, always will be.


Think Lucy >>>>football >>>> Charlie Brown.

Mon, 07/14/2014 - 15:02 | 4956338 Urban Redneck
Urban Redneck's picture

If people didn't ascribe such value to it's useless printings, the beast would immediately lose all its power.

Codependence is bitch.

Breaking the spell, and quitting cold turkey really is that simple... and painful.

Mon, 07/14/2014 - 16:54 | 4956827 Tall Tom
Tall Tom's picture

You can say that again. Codependence is addiction.


Break the Fiat Currency addiction.


Is there a Twelve Step Program for that?


The Road to Economic and Financial Recovery


Step 1 We admitted that we were powerless over Fiat Currency Creation and our economy had become unmanagable.


Step 2 We came to believe that a Power greater than the Federal Reserve and the US Government could restore the people of the USA to sanity


Step 3 We, as a Nation, made a decision to turn our will and our lives over to the care of God. We returned to being a Nation of Moral People, living by a Moral and Ethical Code.


Step 4 We made a searching and fearlesss audit of all Financial Accounts as well as our own Personal Finances.


Step 5 We admitted to God, to ourselves, and to the Nations of the World the exact nature of our Financial Frauds and Deception.


Step 6 We were entirely ready to have God remove these dysfunctional behaviors from our Economy and Personal Finances.


Step 7 We humbly came back, as a Nation, to God and asked Him, in earnest, to remove these Fraudulent and Deceitful behaviors from us.


Step 8 We made a list of all Nations in the World, and all of the people in those Nations, whom we had harmed and became willing to make Financial Amends to ALL OF THEM.


Step 9 We made direct Financial amends to the people of the Nations of the World whereever and whenever possible, except when to do so would injure them or other people in other Nations.


Step 10 We continued to take regular Financial Audits and Inventory reports and when the Accounts were unbalanced we promptly admitted it.


Step 11 We sought through prayer and meditation to improve our concious contact with the Grand Architect, the Creator, as we understood Him to be, asking only for knowledge of God's will for us and the power to carry out that will.


Step 12 We, having had such a spiritual awakening, a rejuvenation, as a result of these steps, we carry the message to others suffering from Financial Despair, and practice our principles in all of our Economic and Financial affairs.



This version of the 12 steps is an adaptation from the original 12 Steps of Alcoholics Anonymous by me.


There it is lined out for all of you.


It will be hard to admit this as many are still in DENIAL.


If we have a problem just how bad does it have to get in order to address it.


So many of you will not admit to yourselves that there is a Higher Power.


We have to change as our entire Financial System and our entire Economy has become unmanagable.


How far do we have to go before we hit bottom? Will our bottom lead us to War and to the grave?




Mon, 07/14/2014 - 18:00 | 4957104 RaceToTheBottom
RaceToTheBottom's picture

Tone down the God stuff and you might have something there.

Mon, 07/14/2014 - 21:52 | 4957715 Tall Tom
Tall Tom's picture

Ever read the Original 12 Steps in Alcoholics Anonymous?


Without God there is no recovery from alcohol, or, any addiction.

Tue, 07/15/2014 - 00:32 | 4958061 MontgomeryScott
MontgomeryScott's picture

Having had a wife who was totally co-dependent, I tend to agree with the statement that you are trying to respond to, T.


There is only so much that you can put up with before cutting the bitch loose to fend for herself. She'll naturally whore herself out to any man who will pay her bills (and at the same time give a 'sob story' about how cruel her former husband was). In the end, however, the bitch will go down in flaming spades. It's rather sad to watch in live time.


Pete Santelli unwittingly makes his 'living' on PMSNBC deriding the money-masters that have given him the house in the Hamptons. It's akin to the Kindergarten teacher who hands out 'Pixie Stcks' to the children, and leaves the room; expecting to come back to see the children are all 'well-behaved'; this 'mouthpiece'.

Have you ever read 'The Protocols Of The Elders Of Zion'? Have you ever read 'War Is a Racket' by Smedley Darlington Butler? Have you ever read 'The Creature From Jeckyll Island'? Have you ever been curious as to the collapse of WTC 7? Does the 'ORIGINAL TWELVE STEPS' give me an answer as to what happened in 1967 to the U.S.S. Liberty?

WHICH 'god' are you referring to here?

THE 'ORIGINAL' '12 steps', or the 'REVISED VERSION' of the same?

Without Monsanto CHEMICALS, LIFE ITSELF would be UNPOSSIBLE. The 'WALKING DEAD' like Pete Santelli give ample witness to my claims.

NOW, a little WINE for my infirmities. The FIRST 'miracle' that Jesus is reported to have done was to turn WATER into WINE at some wedding party. You READ THAT BOOK, didn't you?

I trust that my addiction to the TRUTH would be given it's due.






Tue, 07/15/2014 - 03:46 | 4958231 Tall Tom
Tall Tom's picture

Addressing your questions first...


Of the list of books which you have given me to read the only one which I have not yet read is "The Elders of Zion".


WTC 7 collapsed as a result of controlled implosion. To write any different would be to ignore the Laws of Physics. I cannot rationally do that.


No, the "Original 12 Steps: does not give me any clue to the undisputed fact that the Israeli Air Forces attacked an unarmed US Navy Surveilance Ship, USS Liberty, in 1967, unprovoked, sailing in International Waters in the Eastern Mediterranian, nor, will I expect them to do that. Of course they do not tell me the reason why the US Navy allowed this pounding of one of their warships. It was a totally ghastly affair which needed to be addressed with retaliation. Unfortunately the Zionists were in control of the State Department at that time.


As I have written before there is a distinct difference between Zionists and Jews. Just because some Jews are Zionist does not mean that all Jews are Zionist. (Some Zionists are not Jews.) 


There are many good Jews. They are somewhat willing participants in Zionism because they are ignornat. They are not that much different than Americans. We hate the wars and pay our taxes, supporting that which we hate? They are not all that different, are they?


Zionism has been around since the time of Jesus of Nazareth. Back then, some 2000 Years ago, they were called the Zealots. The Sanhedrin, the Pharisees, and King Herod did not like the Zealots at all because of their propensity to commit acts of violence against the Roman Occupation. What little power which they had retained, after the Roman Occupation, would have been removed, had the Zealots created too many problems...which they did, finally. The Sanhedrin and the Pharisees were self interested in retaining power over their slice of an Earthly Kingdom.. That is the reason why that Jesus Christ was considered a threat.


But even Jesus rejected the Zealot Movement as they were vipers seeking war instead of peace, instead of concentrating upon, concerning themselves with the Kingdom of Heaven.


The Jewish Race had served its pupose upon the Immaculate Conception as Jesus was a physically perfect Genetic Being with no Death Program within the Genetic Code.  The Christ was bred throgh a selection, somewhat like Holstien Cattle. That is the reason that the Geneolgies were so important to record.


But to the point. The Bible declares that on the account of the Patriarchs, ALL Israel will be saved. In that same passage it also declares that the Jews are to be considered the enemy of Truth. In that case you need to be directly opposed as you, as well as I, have an addiction to TRUTH.


Furthermore the Bible alludes to the fact that there will be counterfeit Jews, pretenders, which God will sort out at the end.


Yes I have read the entire Bible. I would like to brag that I have a full and complete knowledge and understanding of that document yet that would be far from the Truth.


So as for my God, He is the God of the Israelites, the Father of Jesus Christ of Nazareth, a Jew.


I hope that this clarifies my position.

Mon, 07/14/2014 - 14:08 | 4956096 power steering
power steering's picture


Mon, 07/14/2014 - 14:09 | 4956097 Kaiser Sousa
Kaiser Sousa's picture

fucking LIESman...
now words could do justice to that mother fucking piece of shit.

Mon, 07/14/2014 - 14:15 | 4956142 tarsubil
tarsubil's picture

A true sociopath. Calmly and matter of factly lying out of his ass for self serving reasons. Live by the lies, die by the lies.

Mon, 07/14/2014 - 14:15 | 4956144 pachanguero
pachanguero's picture

LIEsman is the kid in school who always wet his pants. What a tool...

Mon, 07/14/2014 - 14:09 | 4956098 NOTaREALmerican
NOTaREALmerican's picture

Dude,  relax,  we're all above average now; and so are all the indexes.

Mon, 07/14/2014 - 14:11 | 4956100 foodstampbarry
foodstampbarry's picture

Santelli can expect a bloody horse head underneath his sheets when he wakes up tomorow morning.

Mon, 07/14/2014 - 14:12 | 4956127 Pheonyte
Pheonyte's picture

No, he should expect his paycheck for doing his part to maintain the illusion that MSM is "fair and balanced."

Mon, 07/14/2014 - 14:09 | 4956102 Haus-Targaryen
Haus-Targaryen's picture

I'm not gay ... but $85 Billion a month is $85 billion a month. 

Mon, 07/14/2014 - 14:13 | 4956130 yogibear
yogibear's picture

Plus the back-door US treasury/Euro buying.

It's mark to fantasy.

Mon, 07/14/2014 - 14:09 | 4956106 Charles Nelson ...
Charles Nelson Reilly's picture

I wonder if Liesman masturbates to Santelli going beserk?  After all, the soiciopath Keynesians get off on this stuff.

Mon, 07/14/2014 - 14:10 | 4956108 gdiamond22
gdiamond22's picture

Liesman - FED cheerleader and cum dumpster.

Mon, 07/14/2014 - 14:10 | 4956115 p00k1e
p00k1e's picture

Grab what you can before the alert that the ship has sunk is blared from screen to screen.

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