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This Man Will Never Be Invited Back On CNBC
And now for something completely unexpected: 2 minutes of pure truth (courtesy of Mizuho's Steve Ricchiuto) on CNBC...
148 seconds of awkward uncomfortable truthiness...
While Steve had a number of hard to hear quotes for the CNBC anchors - such as:
"There is no acceleration in underlying economic activity," and
"There's this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth... It's not happening!"
A stunned Simon Hobbs rebuffs, "That's a long list of non-ideal situations we find ourselves in," to which Ricchiuto snaps back "and we can keep on going!"
"After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy's good - it's not good!"
It was Sara Eisen that had the quote of the brief clip... (which has unbelievably been edited out since we posted it seems at around the 1:40 mark) when faced Steve's barrage of facts about the real economy, replied:
"but the key is that's not what The Fed is telling us."
Summing up the unbelievable 'faith' (misplaced beyond all reputational loss) that so many have in the central planners of the world.
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Is there some way to count items sold ???
I go to the grocery store and less bags cost me more.
Inflation - GDP is up - Quantity of goods sold is down - NOW figure in debt !
check out John Williams' Shadow Statistics site. he does all that hard work for you -- tracking all the major indices the way they were originally defined before the "adjustments" begain getting folded in. pretty damning numbers these days. he is far more pessimistic on the future than any of the mild pessimism seen here on ZH.....
This isn't easy to calculate but here's an example. Lets JUST look at GDP and increase in Government debt (which mostly flows into the economy and gets counted as GDP increase). Then we can add all the other shit later.
Year Gov debt GDP
2014 17,824 17,600
2013 16,738 16,872
2012 16,066 16,066
2011 14,790 15,587
2010 13,562 15,058
2009 11,910 14,384
2008 10,025 14,843
2007 9,008 14,570
And here's the difference between 2007 and 2014:
Gov Debt increase 2007-2014 8,816
GDP increase 2007-2014 3,030
The difference is 5,786 trillion. 8,8 trillion of increased Government debt has been assigned to the GDP for these 7 years in various doses. Most of it has been added but some of it has flowed out of the country to finance wars etc of course. Let's add all increase in QE, credit card debt, general consumer debt, student debt, shadow bailouts etc since 2007 and see what happens to year by year GDP.
The average annual contribution of increased year-by-year Government debt to GDP is around 8% for 2008-2014.
And this is what Max Keiser's been saying for a couple of years now. $1.00 of government debt only creates 33 cents worth of GDP.
Classic end game scenario. They will let it end when they want it to end. But even "they" don't understand all the black swans coming in dozens all over the earth.
Evil eats itself. Be calm, have faith, drink a good beer. Relax.
"The average annual contribution of increased year-by-year Government debt to GDP is around 8% for 2008-2014. "
This only captures the on-balance sheet increase of .GOV 'debt'. FED monetization/QE is not included.
Neither does this percentage/ratio capture any other debt emittance and thus does is not computed for the sake of generating this GDP 'growth' rate. State/Municipality debt, Corporate debt, personal debt, etc. are not included for the sake of calculation.
I guess that some people might deduce a sustained inflation rate of well over 8% except that the rest of the debt implied would push the rate much higher...
Don't forget that much of the inflation is "exported" abroad via petrodollar export. This situation would be totally impossible without the reserve currency status of the dollar. Everything would have blown up long time ago.
What is keeping the afloat now are two things:
1) Transfer of assets (and work) from the working and middle classes to the issuers of debt which is indirectly brought about by money printing. The US non 0.1%er public has lost more than half of their assets since 2008 if I remember correctly.
2) Transfer of assets (and work) from abroad by the sales of dollars as reserve currency. The Fed prints and exports dollars (and inflation) and the US imports goods for them.
More or less the entire middle and working classes of the world are now slaves to the Fed printing machine and its owners. Those who are not being sucked dry by the Fed are being vacuumed by the ECB.
I think your going to win someone else's testicle.....
Both are true. The economy is shrinking; but, inflation -the amount of debt-moneyness being added to the system- is above 8%.
Inflation is additional credit/debt-moneyness on balance sheet. Leverage.
By your calculations below it would appear that the Federal emmission component is at something like 8%, and this ignores all other debt issuance and pyramiding such as mortgages, corporate and state bond issuance, re-hypothecation and margin trading, etc., etc. etc..
The "total" inflation caused by debt injection into the US system is almost impossible to calculate. The total "rate" is a combination of the US inflation rate (probably x2 the official number) and the part exported into other currencies. The total global inflation caused by US debt increase could easily be twice or three times as much as the US number. If, say, one trillion dollars get destroyed (value wise) in the US per year, the figure may easily be similar in the rest of the world - or larger. The US economy/financial system is completely open that way to the rest of the world unlike any other system, except the Euro (but on a smaller scale).
would like to hear this man
talk the truth for another 30 minutes...
any links ..?
Flashback:
Loose lips sink ships? Fed’s latest transparency sows confusion, says Mizuho’s Ricchiutohttp://blogs.reuters.com/macroscope/2013/07/16/loose-lips-sink-ships-fed...
The complexity of non-traditional monetary policy is hard enough to explain to other economists and policymakers. Market participants prefer sound bites, opines Steven Ricchiuto, chief economist at Mizuho Securities USA in a note. As such, the more the Federal Reserve Chairman Ben Bernanke tries to explain the Federal Open Market Committee’s position on tapering and policy accommodation the more he confuses the message, Ricchiuto says.
Truth. (Notice there is no berg at the end of his name.)
I would bet that he just had a new set of "Boston Brakes" brand brakes installed free.
The banksters need to repay us.
Tyler take note, another blogger to re-post. ZH upcoming star!
Great Report
Yes he could have been more negative. More jobs have opened due to hourly cuts due to ObamaCare. Many of the retail outlets around me had signs out for employment. However, when you stop in and ask it is due to keeping everyone under 30 hours.
If you get your info from LIARS .... that makes you the LIEE !
Exactly. That is the elephant in the room....yet never looked at or ever (god forbid) mentioned. SHHHHHH..........
....bullish
he should be the first guest on Zero hedge TV
ZHTV...where all the presenters look like clones of the Unknown Comic.
I'd hire Lauren Lyster.
You'd think the CNBC wizards wouldn't act so surprised as he's disputing the same $hit being spewed the last 5 years at this time, first with Green shoots...He nailed it and he won't be back
Swingin a mean cluex4!
" Rate increase ". It used to be called jaw-boning.
I think the guy (bottom left) got caught watching MR ED reruns. Turns it off mid way. Hey Wilbur
Probably lives unhealthy lifestyle. Easy to plant apparent heart failure and hide amidst "cardiac arrest". Don't ask.
It's diet-cheat-day! Another slice of polonium pie, sir?
His name was Steve Ricchiuto
Speaking of truth....
Daughter Of Chinese Premier That Supported Tiananmen Square Massacre Had Money Hidden By HSBC Switzerland
China Elite Taught Global View in $103,000-a-Year Swiss Schools
UK’s GCHQ ‘guilty of unlawful surveillance’ With U.S.
China & France Sign Science Sharing Agreement Including Military Technology
U.N. Food and Agriculture Organization (FAO) Opens Liason Office In Russia
IBM Opens Finance Processing Center In Russia
Just how much makeup do those news anchors put on? They look positively glow in the dark.
Ok. So some guy says the so called truth. He will live. We know the truth.
THANKS STEVE
from all of us at ZH.
Should of interviewed this guy instead... Basically what the Fed is telling us.
http://m.youtube.com/watch?v=QTYID4lXhM0
Thanks for that dish of fresh Ricchiuto, that was awesome, full of wholesome truthyness, so much better than that Brusca dish you had on the menu for awhile.
Don't the girls on CNBC make fun of these kind of people?
You know, truth tellers.
You can read all the tea leaves you want at the country club.
You want to know what is going on in the economy?
Just wake up at 6AM, pour yourself a cup of coffee and sit on your front porch or stoop and watch people (not) leaving for work some morning.
Just pick houses within eyesight of your home - maybe ten or twelve and watch the front doors open or the cars leave the driveway.
It's a quiet morning in Amerika folks.
The Green Shoots are spray painted.
The only people making bank are the Chicago linked democratic party folks that got Obama's memo written by Cheney to convert government operations to under the radar non-profits for the good of The People and The Party.
Even my Chinese friends that survived the Cultural Revolution are freaking out about what modern fascism looks like in Amerikant.
Watch everyone's spare time rocket to the Moon once Obama and the NSA-FCC-Comcast reg-out the inter-tubes next year and your friendly neighborhood Stingray starts lumping torrent traffic with rag-headed ISIS kiddie pornsters.
Dear Fed E-con-o-clasts,
A healthy economy requires living wages.
Dumb-shits.
Vuuuuut? Are these be Potemkin Palm Tree, comrade?
define"living."
Drove two hours up the big I to see one of the kds the other day before I go back to Bangalore. Hardly no fucking 18-wheelers.
Hmmmm....could their tape edit be any more obvious? Nope, I don't think so.
He's right. The balance of probability on raising interest rates any time soon in the US & UK is way below 50% for the reason he states: there is no improvement in the economy. And there are other reasons, like the interest on sovereign debt etc.
Dude has some marbles ..
Magic 8 Ball sez "Outlook not so good."
If he proves correct he certainly will be back.
Now wait, there has been plenty of growth over the last five years. The national debt and the Fed balance sheet have grown very steadily.
CNBC SUCKS ASS AND NONE OF THEIR VIDEOS EVER FUCKING PLAY ON OS X. FUCK YOU CNBC!
Have a nice day everyone.
Don't get pissed, find it elsewhere. Without nodes pointing, they lose ad revenue. I dumped flash video plug-in a month ago. It saves me 1 to 2 minutes of my life watching an advertisement video.
But Brian Wiliams says everything is just peachy.
that's because he just swallowed the pit...ugh
LATEST ANNOUNCEMENT:
ZERO HEDGE is excited to announce our newest member senior economist Steve Ricchiuto formerly of Mizuho
At that point ZeroHedge will have a monopoly of truth-speakers. The government will then step in and file an anti-trust lawsuit ;-)
404 ZH Not Found.
ummmm, that would be horrible, what other medium would we turn to?
Have no fear guys. Providing ZH is still running and they only block the regular DNS to its normal web address, it can still be reached here:
http://www-zerohedge-com.aracari.warpmail.net/
Try it, it works. And for my next trick: ;-)
Stevo connected the dots (and I do not mean LSD either)
CNBC - Channel Nothing But Crap....
There are not enough nail guns to stem the swell.
Great frigging humour and total ignorance being i/behind it. Idiot.
Step away and think.
This guy's sharp, so what the fuck is he doing on CNBC? Which brings us to the CNBC special called "Lies and Videotape - The Brian Williams Story."
Network is really of two minds on the fall-out about this whole Brian Williams thing.
As much as they are encouraged (from a retail consumption perspective) by his commitment to serious therapy by attending a 12 step program at Lying-Sacks-of-Megalomaniacal-Shit Anonymous they are also concerned about how such remedial treatment will affect his ability to do his job properly.
AA would probably work just as well, and it's easier to remember.
Pilot: "I have never seen anything like this! Brain grabbed the RPG before it hit us and ripped off the detonator, rewired it, and tossed it back onto Hadji!"
Blonde is hottt - switching from Bloomberg to CNBC Europe ;)
25 Euros for a BJ from her!
oh well, like CNBS will be there to be invited back to.
and who's that british bitch with small tits and thining hair?
HUSH YOUR MOUTH BOY....IF WE WANT TO HEAR THE TRUTH WE WILL GO TO CHURCH
Yh, like the guy really did walk on water.
Plenty of information on second link. Rub their nose in the turd.
http://www.nowandfutures.com/forecast.html
A world of possible futures – Index page
"Awkward truthines"... love it!
Everybody’s talking their book here but the man who can really talk book is John Williams of Shadowstats: for when he talks, his book is the U.S. economy and his take comes not from hopes and personal investment but from real statistics, i.e., evidence (not government statistics). And his view is that the economy is in desperate shape and gold and silver prices will explode. Guess what? Inflation, big inflation.
No. 692: SPECIAL COMMENTARY February 2nd, 2015
• 2014 – A Year of Market Hype, Manipulation, Intervention and Misdirection • 2015 – A Year of Reckoning, Economic Turmoil, Dollar Panic and Hyperinflation • Federal Reserve and Other Central Banks Have No Way Out as Dangers from the Panic of 2008 Persist • Global Financial, Economic and Political Instabilities Are Pushed to Limit • Economic Reality versus Illusion: No U.S. Recovery or Boom Is in Place; No Economic Recovery Is Likely This Decade • Extreme U.S. Fiscal Imbalances Unresolved • U.S. Dollar Remains in Great Peril; Underlying Perceptions and Fundamentals Already Are Shifting • Low Oil Prices Would Prove Fleeting with Dollar Plunge • Soaring U.S. Inflation Should Accompany Dollar Demise in 2015, Leading to Domestic Hyperinflation • Gold and Silver Prices Will Explode in Flight from Dollar; Holding Physical Precious Metals Remains Best Store of Wealth…
http://www.shadowstats.com/
Thanks! I'm looking at some Perth Mint bullion right now...dammit! It went down the sewer drain!
So help me... I am instant messaging this guy in the morning to thank him for speaking the truth. And I might mention, in passing, to go ahead and get his organ donor cards filled out and his estate in order. You know ... just in case.
Those hosts will probably be fired. They let the guest talk too long without interruption.
This guy will make an excellent candidate for the government's new experimental re-education trial program.
And it is gone... the link has been taken down and clicking it only takes you to cnbc site.
I guess I will stop waiting for it to load then.
It is pretty telling when an outfit that claims to be financial news censors out material they don't like.
I call that extra credit bonus points.
Like I say "Thewayitis". No growth for the last 5 years. And.....Every Year the Economy is "RECOVERING". Right.....
I agree! I am of the opinion that almost if not all the GDP "growth" we have seen is simply under counting inflation.
Awaiting the inevitable "He ran himself over with his own car, after nail gunning himself to the wall, and before lighting his house on fire with a magnifying glass in the hot Arctic sun."
The real question is how many balled-up Big Mac wrappers this guy has stashed in the lower drawer of his desk. That would appear to be a significant driver of economic growth in the retail sector, and it's impact cannot be overstated..
While your comment is demeaning to a guy who is speaking the truth, it did make me laugh, so 1 up for you.
Thanks. Guess I should've used the /sarc tag... The cat is speaking the truth, yes. But I think those of us that would be paying more than the usual attention to this abberation from the usual Fed-fluffing 'script' already know the score. The realization that the 'truth' has become a life-threatening novelty, a nailgun worthy offense, makes gallows humor my last refuge.
It's a good thing he didn't say that on Bloomberg Radio!!! Kathleen Hayes would have gone into a full blown conniption fit!
Tom Keane's bowtie would have unraveled.
It was nice knowing you Steve old buddy....................
If they want 'truth' they'll give it to you
The fascist despotic Obama regime will have to unperson this man.
Whats the big deal?...Peter Schiff says this every time hes on CNBC.
People never take Peter seriously simply because he DOES say the same thing every time. It's just that what he has been warning us about for so long is not only GOING to happen but because the Fed has been digging the financial hole deeper and deeper it will be much worse. The media will only admit to the terrible condition of the economy when there is a republican in the WH.
Bingo, give the man a prize on his last sentence.
Peter Schiff is brought on just for sideshow entertainment. He's somebody to throw tomatoes at and stir up some euphoric Keynesian banter.
Yeah, but this guy's monicker is "Official US Economist."
"Massive force feeding of QE into the economy."
Hey Heavy! Does it go a little summpin like this? Hit it
https://m.youtube.com/watch?v=aH7bEytedtE
"In order to quell riots in Detroit and Chicago, Premier Chalky today announced an airdrop of ferns into the urban centers. Chairman Yelling is directing operations."
Brian Ross is much more investigative. Don't know why he works for the bureau of misinformation
How dumb do you have to be to not clearly understand the banks started funding Projects overseas to make loans And money plus take the financial markets all over the world. Now there is no more growth because they have got it all. The world is one big corporate clusgerfuck where every operation is being streamlined and cost reduction means technical efficiency. People are not ever going to be needed in the numbers necessary to fuel growth. Deflation is a certainty we are fucked globally. And locally. Ownership is not cost free if you can't manage the costs your operation is going to cease. That will accelerate. To a crash and burn everywhere including local government and pe soon funds plus banks and insurance companies. Right on out to farmers. If they have debt the farms will not produce the funds to pay since most people will be destitute. That is game over time.
some sort of glitch in the matrix
"Agent Smith, Report to Port 4534; Glitch Stitch needed."
Nobel prize winner right here...
Plaque and a nailgun...
Truthiness can only be held off for so long.
Hey, the fat-guy jokes are lame.
He kinda reminds me of Peter Griffin of Family Guy, actually; but I could care less what he looks like. i
It's nice to hear something that isn't total propaganda and bullshit even if the guy delivering it doesn't look like Brad Pitt.
Quality of comments has taken a deep dive and irreversible trip off the edge of reality on this thread. Who cares wht the guy looks like ffs.
We are all narcissists now....
Whoa, whoa, whoa! Steve Ricchiuto apparently doesn't understand what CNBC is for... anybody else sensing a bit of antisemitism here?
Well, he is Italian.
What kind of Italian? There are so many.
Them presstitute folks is getting sloppy. They're letting a vice or two slip into the whorehouse with the Johns.
Well, ain't that refreshing. The truth! Thank you. CNBC? Holy crap, They get rid of Brian Williams and now this?
Holy crap!
I heard the Brain was on a 6-mo suspension.
That's enough time to learn to catch those RPGs and toss 'em back at Hadji.
Steve Ricchiuto will now join Richie Incognito as the 2 most influential goombahs of the 21st century..
I just shot my load. Jesus that was great.
I hope his car doesn't have a Snapshot in it, for his sake.
Not to worry, he'll likely commit suicide by some horribe method like ingesting fire or knife to the heart, or the ever popular leap off a tall building.
Let's not forget the plane colliding with snow removal equipment.
Ha, all 8 torpedo's launched in under 3 minutes. Runnin' hot and straight. Sweet.
I saw that clip as being relatively soft-core.
The lies have gotten so bad that this clip gets a big reaction here.
What a shame.
I'll watch it when it hits youtube.
These news sites place so much CRAP on your computer it's unfuckinbelievable.
If you're running firefox and add "NOSCRIPT" you'll see exactly what I mean.
All of the hidden junk ALL news sites add to your computer is why I do not click on anything they report on.
https://www.youtube.com/watch?v=wk6QBqRWvEc
I use Ghostery.
You can tell how bad it is on some sites, they are so loaded with spyware. I just avoid the sites.
Mr Freedom Glenn Beck has like 454 cookies each time you try and vist his 'news for J**s' site. I never click on it anymore. He is always 'Blazing away' for the Tribe.
Adblocker plus, you're welcome.
You can't fix Systemic Stupid, people can grow or change, but not Systemic Corruption.
-
1913 - Federal Reserve Act (third US Central Bank)
1998 - Brooksly Born Rejected on her concerns on OTC Derivatives
1998 - Derivatives expanded and were not regulated
1998 - Citicorp & Travelers Insurance Merger
1999 - Gramm–Leach–Bliley Act (Phil Gramm, W. Clinton, followed by 2008 Financial Crisis)
1999 - bombing campaign in Kosovo (W. Clinton, over 60 days)
2000 - Commodity Futures Modernization Act of 2000 (P. Gramm, W. Clinton, derivatives)
2002 - McCain–Feingold Act (G.W. Bush, Campaign Finance, soft money unlimited)
2005 - Energy Policy Act (G.W. Bush, subsidies, excluded clean air Water acts)
2005 - Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA).
2005 - CAFTA-DR Ratified, 2006 El Salvador, Honduras, Nicaragua, Guatemala
2009 - $800 Billion Tarp
2009 - Unlimited QE, NIRP/ZIRP, and unlimited Federal Reserve Loans, even loans to foreign Entities
But that is not the whole story. The crime is the cover up with .gov statistics about the damage to the economy: retirements, universities, municipalities, counties, and ... the driver of the economy small business and middle class.
- Lots of Houses were put in delay status, not foreclosed after 2008-2009 years.
Delinquency Rate On Single-Family Residential Mortgages, Booked In Domestic Offices, All Commercial Banks 2014:Q3: 6.98 Percent, Quarterly, End of Period, Seasonally Adjusted, DRSFRMACBS, Updated: 2014-11-19
http://research.stlouisfed.org/fred2/series/DRSFRMACBS
Looks like Delinquency Rate should be 2% conservatively.
So 7% is a Huge Problem for Cities, Counties, States... for Education Funding. Wow. Check the Trend. Really is not getting better.
---
Existing Home Sales© (Looks like Crap, Eh) 2014-12: 5,040,000 Number of Units, Monthly, Seasonally Adjusted Annual Rate, EXHOSLUSM495S, Updated: 2015-01-23
New One Family Houses Sold: United States (Looks like Crap, Eh) 2014-12: 481 Thousands Monthly, Seasonally Adjusted Annual Rate, HSN1F, Updated: 2015-01-27
----
Commercial Banks in the U.S.
2014:Q3: 5,636 Number Quarterly, End of Period, Not Seasonally Adjusted, USNUM, Updated: 2014-11-14
http://research.stlouisfed.org/fred2/series/USNUM
--
Weekly and hourly earnings data from the Current Population Survey
Series Id: LEU0252881600
Series title: (unadj)- Constant (1982-84) dollar adjusted to CPI-U- Median usual weekly earnings, Employed full time, Wage and salary workers
Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
1979 339 334 325 328 332
1980 324 314 315 317 318
1981 317 311 304 314 312
2012 337 335 329 336 335
2013 334 333 330 337 333
2014 339 328 332
Constant Dollars, Weekly Earning same in 1979 as 2014.
Real Median Household Income in the United States
2013: 51,939 2013 CPI-U-RS Adjusted Dollars, Annual, Not Seasonally Adjusted, MEHOINUSA672N, Updated: 2014-09-30,
http://research.stlouisfed.org/fred2/series/MEHOINUSA672N
---
.gov can make up whatever numbers it wants for GDP/GNP, Inflation, Unemployment, Full Time Employment, Employment with full benefits, college educated labor without jobs, college educated without sustainable employment, etc
---
But the .gov can't cover up the fact that municipalities and countries and states have to resort to quotas:
- 1971, War on Drugs, Long Sentences for Non-violent Crimes, Consensual Crimes
- 1984, Sentence Reform Act, (R. Reagan)
- War on Blacks, Consent Decree to "stop & Frisk", target blacks or Hispanics who have lifestyle choices to use marijuana or other drugs to escape being chosen as an "Economic loser" or a "political Loser"
- Raise Property Taxes
- Raise Sales Taxes
- Raise Highway Taxes on Gasoline
- Raise Federal Taxes for Welfare, Medicaid, Social Security for Immigrants, HHS taxes for Immigrant Hospital Use, Department of Ag Taxes for SNAP
- Raise IRS Taxes for Credits given to low income families who just came across border in the last decade or whatever, or maybe they had too many children for whatever reason...
No problems with the above if you have a lot of rope or one of KChrisC's Choppers.
Ricchiuto is right and he'll still be right in 5 years. In 7 years things will be improving and in about 10 we will be back in business, barring WWIII, and I have no way to acertain the likelihood of that.
This is the crash. People will realize that years from now. It's not the crash most expected so they don't recognize it in its slow motion state.
The fire and brimstone crowd is going to be so disappointed.
Amy, Jack, or Edward Ricchiuto? What is this your man crush?
"Hey, even TPTB have a Plan until they get Pucnhed in the Face."
-Mike Tyson (sort of).
This is the way the fucking world ends. Look at this fucking shit we're in man. Not with a bang, but with a whimper. And with a whimper, I'm fucking splitting, Jack
David Stockman just hired him
i smell taper but it is off in the imagination
of the future and distance, sort of like a memory
or neurological pathway that can create a
sensation from the invocation stimulated by
a mere thought.
.
nothing more to carry to the grave.
This man will never be invited back to tv either, I think he is dead. Funny as hell. Foster Brooks - https://www.youtube.com/watch?v=sdPcjIrSvcs
She did not get hired for her financial expertise. How old is she? What are her qualifications? You guys work on that, while I cook some local italian sausage with no city water.
She reminds me of NBC's Jessica Savitch, early '80s. Savitch was quoted in the book Golden Girl, while doing a stint at the NBC in Philly -- who do I have to fuck to get out of here.
Savitch died with her boyfriend returning home from dinner one evening when their car overturned into a canal and both drowned.
Drove in to a canal near New Hope, PA.
Know the area well, my brother and I still ride bikes thru there in the summer.
I always choke up when we visit Washington's crossing. Last spring we went thru in brother's truck with my wife. I started crying at the river and brother asked for a smoke, which he never hardly does. He always gets real quiet there. My wife was upset at me, but I told her "... you have no idea what these men went thru, and neither do I. But we had a country for it." He was a Coastie, RVN 1969; I was another Branch.
Yeeh, I had a brilliant idea that I was going to buy an airplane but I do not see that happening.
www.usdebtclock.org is the only resource on planet earth that anyone needs to enlighten the sheeple comatose mind that the U.S. is financially screwed!
The coffee is now burnt!
'We cunt-ed some folks on CNBC"
Bear with me as I have been drinking and am trying to find the humor and other ideas here.
- Cunted = turned men into pussies
- Cunted = created DNA facsimiles of pussies on our enemies
- Cunted = Slapped in the face metaphorically in a public or private meeting
- Cunted = Ass Reamed, with an ass reamer of any sort, any tool made of iron or steel
- Cunted = Full use of a Steel Halberd, Pike, or Sword on said bitch
- Cunted = Stripping the clothes off a public official, locking him in chains, a cage, or a machine which puts him in the position of being impaled
You see there are a wide variety of punishments for public officials found guilty of impropriety.
Don't take this casually.
He is urinating on that bronze sacred cow on Wall Street.
Employment always picks up when the Q99X2 goes to work and it aways go down when it quits working. The hell with the FED put your faith in the Q99X2 bitchez.
Hmmm
PTB slowly letting it leak out 'we' are in trouble?
Next week: "Chalky may have to cut EBTs."
A lot depends on those naughty Greeks.
***
In other news, Mr Ricchiuto was found dead today in a nailgun accident, apparently while working on a new rec room for his house...Biff, back to you."
Until this is the daily discussion on every channel it doesn't matter. It will be a one until this is topic #1.
I see a power 4-way tag team:
David Stockman
Charles Biderman
Rick Santelli
Steve Ricchiuto *the new guy*
They need to setup a strong team, and move forward across the board.
I'd pay-to-view to watch them explain what the heck is going on.
Then throw Cramer in the middle or Steve Liesman....would be a gas.
there's no interview a printing machine can't fix.
take yellen's balance sheet of 4.2T and multiply it by 3 and you get the number necessary for market growth
fed owns 35% of us bond market, why not 50 or 100% of the stock market?
right yellen you fucking asshole?
right yellen you fucking cunt? fixed it for ya...
I love HonestAnn but these Cessna 152's are right around $30K for a late 70's model 152 with current avionics. That is way more than I want to spend. I can't do that. Then it goes into this sort of thing. https://www.youtube.com/watch?v=IerahEMmYZk&spfreload=1 I know what VFR means. I really do like the fact you can fly. I want to learn but not for about 30 K for that plane. There has to be a better deal.
A recent web site I visited had flying pigs for sale. With or without lipstick.
Please find me a 1970 model Cessna 152 with "current avaionics" for "right around $30K".
I upgraded my audio panel and had a "current" GPS system recently installed in my 1970's model Piper Archer for only $15K. Replacing the "older" navcomm would be about another $5 to $7K. I would hate to think what the cost of an upgrade to a "glass panel" like those in newer airplanes would cost.
By the way, average student takes about 60 hours training to learn enough to pass the Priate Pilot test. At about $130.00 and hour for plane and instructor, that's $7800. Can go over $10K if you take longer than 60 hours. Rule of thumb for buying vs renting is: fly more than 100 hours per year then buy, else rent. Cost to fly your own airplane: 10 gallons per hour times 100 hours = 1000 gallons for fuel @ $6.00 per gallon =$6000 per year. Hanger rent can add $2000 or more. Annual maintenace and repairs figure $25 per hour or $2500. So at minimum, figure at least $10,000 per year, if you own the plane. Rentals cost about $100 or more per hour. Own your plane and you pretty well know what you're flying. Rent a plane and there is a large question about proper maintenance.
So, if you want to learn to fly, better have a good income.
sheeple gold-bugs didnt understand - no inflation - gold DOWN. Until the mid 2016 - its going to 900$ an ounce.
I don't like how MSM interrupts someone on an intelligent and fact-filled riff bc they're not giving the company line.
Don’t forget this gem…
Calls Jim Cramer “Public CNBC Guest Relations Officer” For Goldman Sachs
http://www.fundmymutualfund.com/2010/04/who-is-sylvain-raynes-and-how-did-he.html
http://www.zerohedge.com/article/cnbc-guest-tells-truth-calls-cramer-shallow-yanked-air
Memories..