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Rick Santelli Unleashed: It's Not The Economy, Stupid - "The Central Planners Are In Control"
"China is not doing anything that the US has not already tried," exclaims Rick Santelli as he derides the 'entitlement' society has reached the investor class. Whether it's US, Japan, Europe, or China, "the idea of trying to prop up returns in the equity market - admitted or not - is going on," Santelli notes, asking - after forcing every mom and pop out of savings and into investment, "if it doesn't turn out well... do they have a moral obligation to help out?" Simply put, he rages - drawing the chart of the year - "the central planners are in control... and I don't suspect they will give up the reins any time soon."
Three minutes of reality check...
We are sure one day the world will realize the smoke and mirrors that have been promulgated as 'free markets' and 'free economies' has morphed into nothing more than an ongoing can-kicking exercise in futility as the endgame is self-evident - that which cannot go on forever, won't!
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the central planners are in control
At least 6 years too late - that's why he is on TeeVee.
Stevie Wonder saw this manipulation 5 years ago.
ZIRP Bitches
Soon to be NIRP bitchez!
I think Rick is right. It's not so much that CB's are in control, so much as they learned their lesson in 2007-08 that in a system as overleveraged as today's banking system is, that there is no such thing as small orderly bankruptcies anymore. Back in '08 they thought they could still play by their own rules and got a very rude wake up call that their rules can't handle current financial markets when put to the test.
CB's are "all in" these days and Japan has proven that if they really want to throw enough money and manipulation at the system they can drag this mess out for a very very long time regardless of market gyrations. They just wont let anyone fail, the system and it's players will be quietly backstopped and bailed out.
Until the whole world implodes in a global currency crisis and the masses lose faith in fiat money and CB omnipotence ...... then it gets real ugly real fast
The Road to Serfdom....
We're on the road to another "Dark Ages" where people will look at these huge empty, decaying buildings and empty massive paved roadways and think what a great society we had that could build, and had a use for those big structures.
Just like the barbarians in Europe looked at Rome back then.
102 years too late.
Central Planners have created "Too Big To Fail Markets."
Central Planners have not considered actions by Rogue countries like North Korea, Iran and Israel.
Why should I accept this list as ROGUE?
Well, DPRK is utterly controlled by PRC,
others are supposedly out of rational control
You, sir, are asking a really good question!
- Ned
Exactly porkboy.
Who the fuck signs Santelli's pay check?
The Central Planners!?
IMELT, bitches! Connect the dots you fucking idiots!
Stackers is right that the can-kicking can go on for long enough for civilization to slowly degenerate rather than collapse suddenly. And the reason behind this is the same reason we will never return to an environmentally sustainable society: those with the money can insulate themselves from the deteriorating effects. so - those that could effect the greatest change have the least motivation to do so, whether economically or environmentally.
One potential issue that may force sudden collapse instead of the slow grind into the dust (aside from natural disaster or nuclear war) is the DERIVATIVE threat.
Because these bastards have been too clever by half and changed the system in a way that is now utterly unable to be controlled. Unless EVERY govt on the planet outlaws and nullifies all current derivatives at the same time (and even that may cause unsurpassed volatility as the imperative to rehedge with traditional investments hits home) Dreivative meltdown is the hope of libertarians and sound money advocates
MSM propaganda labels every country that does not have a BIS tied central bank as "rogue". They are not part of the system and hence rogue.
However, I would definitely agree with you that Israel is a rogue country.
Free markets will probably never come back until after the BIG BANG.
How about a Santelli/Farage ticket !
The Parasite Class is large...you have.
- Wall Street Bankers
- Every Organization benefiting from ZIRP
- Government Employees
- Traditional Welfare (everything from unemployment to SS) Recipients in all shapes
Only a total meltdown could shake this Parasite Nation Army
But we don't know when the currency crisis is going to happen.
Happened with the first dollar printed.
So what's Ricky's angle? I mean there's gotta be a buck in there for him. He is a politician isn't he? Trut be told, there are no politicians alive that speak truth. Its not part of their vocabulary and it gets them shunned..
c'mon. Bit of bloody solidarity, pleez
save your fire for the real fukkn enemies
Rick said Central Planners not Central Bankers.
Was that intentional? To me they are one in the same because the banks own the government, but is Rick trying to differentiate or avoid an airplane crash. Until the sheep realize they are being fleeced by CB's, nothing will change.
You have to be careful what you say on Zio Tee Vee
or
Who is Rick Sanchez for $500 ?
If it's on TV, it's always scripted. Santelli is just another actor on TV remember.
So everyone who's interviewed on the street is an actor? Even if Santelli were/is an Actor, the truth is discernable in what he says. Actors tell the truth . . . if it's in the Script.
I'll take the "If it's on TV, it's always scripted" argument
Rick said Central Planners not Central Bankers.
Was that intentional?
Yes, the Central Planners include the Central Bankers and the "establishment" politicians of both parties.... and the major donors who pull the strings behind the scenes. Central planning takes the form of crony-capitalism, fascism, socialism, communism but always amounts to an oligarchy of the elites who deprive the people of freedom of the same opportunities they have.
The truth is that bankers and financiers are nothing but useless overcompensated middlemen now. There is no real collateral requirement in modern finance!!!! There is a computer/printer "creating" credits out of nothing and then there are the producers/consumers in the real economy.
The fucking bankers and financiers are in between. Fuck em, time to cut the heads of these useless middlemen!!!
"Until the whole world implodes in a global currency crisis and the masses lose faith in fiat money"
You had me right up to there.
And right there, you are just wrong. There is no "until". There is no "implode". Yes you can have a crisis, and that can go on a long time maybe forever. You can wonder aloud how that is possible, but you cannot question the evidence all around you that it can go on for an arbitrary long period of time and maybe forever.
And you cannot postulate the masses losing faith. That it has come down to articles of "faith" at all is proof that we're deep into the weeds here. People can have faith in all kinds of silly things, and money is easiest of all. You print them bales of money and hand them out on the corner, the masses will dance a jig and go out and buy everything in sight, off to Disneyland, new cars paid in cash no questions asked by anyone not once. The only thing they fear is not having any paper money, and any kind of paper will do if it is accepted at the grocers. You could print US dollars on actual toilet tissue, nobody would blink.
Central Planners manage every aspect of all of the above. Period. There is not now and never was an inivisible hand; the hand was always right there handing out the Benjamins. And the CPs can continue to play that game a long time and maybe forever. They have nothing but time, and nothing but all the power, and they don't mind stringing people along who are happy to be strung along and nobody is going to question any of it ever, forever.
Here is something that does happen, however. Eventually nobody cares. Eventually, as people start again to do what people do naturally which is transact deals face-to-face, all that CP bull-pucky drifts off the radar.
It's like this. Somewhere in the world is a small Soviet planning committee made up of old men who still wear their old party-approved clothes and pins, still meets every so often to discuss "the economy", and nobody cares. They type up proclamations on an old Remington on official letterhead, use carbon paper for the only duplicate copy, publish 100 page tomes of prescriptive economic goals, and nobody cares. They make copies of their plan available at the public library, and nobody cares.
And that is how these things end. Not with a bang, not with a whimper, but with cruel and indifferent forgetfulness.
Bullshit, you can print right up until the producers of real shit, go out of business and simply stop producing. It's okay of these are producers of non-essential shit like plastic toys from China, food on the other hand...
yes, just like the former Soviet Union...
"go out of business and simply stop producing"
Yeah whatever. I hear that around ZH all the time. But how does that actually happen? What is the mechanism? How does anyone in this scenario fail and go out of business? They get paid in cash by customers with paper fiat, so they produce. Fiat handed out on street corners by TPTB looks just the same as anything else they metered out more judiciously before. If you don't like the deal because it is socialist then someone else will like the deal and under the exact same circumstances and they will produce instead of you, taking fiat in payment. If TPTB hand out bales of fiat then suddenly there is purchasing power on the streets and the producers produce into demand, making profit and happy to have it. If you think it is ultimately inflationary then think what you like, until it actually is it isn't and even if it is so what. We've had 100 years of dollar inflation already, nobody blinked. I mean nobody.
There is no actual mechanism for "they stop producing" except personal politics or fundamental disruptions in natural resources (which are headed our way for sure) and until that happens the spice will flow.
Not sure if I fully agree but I had to up arrow you for the Dune reference.
We're headed towards a complexity collapse, and we'll likely hit it before the theoretical limit for fundamental disruptions in natural resources. The reason is that the costs for the complexity that we live in are becoming greater than we can afford. When I am talking costs, I'm talking more than just currency too. The mounds of bureaucratic paperwork that you have to do just to conduct business or file your taxes is also a cost. And yes, this is all tied into physical resources. Never forget that our monetary system requires perpetual growth, which has been increasingly replaced with fraud. The growth doesn't even need to stop to throw a wrench into things. It just needs to not be fast enough. Barring something catostrophic like WWIII or an 8.5 earthquake in California, the mechanisms that are likely are that a major financial institution gets whacked for trillions, and either the financial system totally locks up and people can't get paid, or Janet puts Ben to shame to try to make up for it. At some point, those FRNs overseas either fall out of use, or they come flocking home.
The tell that you should be looking at is that we have ZIRP, and the cost of servicing all of our debt is still rising.
"We're headed towards a complexity collapse"
Yeah that's a bigger problem IMO, and it's the real "crisis" here. TPTB are piling up compromises in a complex netowrk of dependencies. The Chinese are getting a little taste of that right now. We saw a little of it when Lehman went down and all the underground interconnections locked up over night. What was that about? It was about being embedded in complexity.
But I know something about complexity ... and it's fractal. Complexity is continuous. You are always somewhere along the curve of complexity, but as complex as it seems to you right then it isn't complex to someone else. The complicated shit we deal with every day (cars and portable phones and credit cards) would have blown the minds of people living a few generations ago. Today, meh what'ev. But sure there is something bad coming, something so complicated it will blow your mind. Send you reeling, break all the jars, etc.
And so on. You get the idea. But it's fractal ... there is no bottom.
There is no edge either. Complexity wraps around on itself like a Mobius strip made of reflective plastic, mirroring it's own twisted impossibility as it twists and twists into itself.
I know this woman. Her name is forever. She standing right here and if I say anything more on the subject she's likely t
c_w: the children in the room may know academically, through Gleick or whoever, what you mean wrt "fractal", but they (in general) can't grok your assessment.
I concur with your comment: "There is no edge, either." It will unfold over time and space.
I know a similar woman, her title is Mrs_Meat and she is tasking me as I type ;-)
- Ned
They don't really need to grok it for it to work. I am a ghost in this machine. The time here is my penance for past sins, you are all my demons, and this here is my circle. I will leave here one day absolved. And when I do I will not look back.
They should grok what they will, or no. I require nothing and expect even less. But I meant it when I say that I will not look back.
Cougar the problem is they are not handing out dollars on the street corner. They are basically giving money to the elite. Eventually everybody else cant afford to buy anything and then the companies start going out of business and the riots start. this isnt about economics. It's about unbelievable greed destroying itself.
The banksters are putting gold and silver miners out of business right now, by engineering a price below the marginal cost of production.
The silver mining industry lost 3 billion dollars last year. Gold miners at the margin are swimming in red ink.
This is destroying lives and livlihoods, and is just one example of ziosyndicate bankster crimes against humanity.
Fair trial by a jury of their slaves, then off to the hague with the megalomaniac bastards.
Will never happen that way. Nobody will notice it did not happen that way. Nobody thinks these thoughts and the human world is not the world.
The only way they will stop is when supply chains fail. They will fail some, then come back some, little brown outs so to speak. They will paper and propaganda over it. They will get more control. But only when supply chains fail BIG will people, in mass, wake up and get it.
This is fascism. We are in it and offered "choices" that don't matter. We are offered dumb downed educations, cattle feed, entertainment, and pacifying drugs by the handful. They are going to keep doing it because they can. No one cares until they are not comfortable any more.
This is going on for a while still, I think. If they can keep the spice(s) flowing, they will keep their banking empire.
Think that was what Couger was saying...........the spice must flow..............until it doesn't.........
That is when questions will be asked. But can they be answered with any type of cognizance to the problems? Education has dumb down the sheeple that I shudder at what solutions will be proposed.
Hi Ms, one hopes that you 'n' yours are doing as well as they can ;-)
Our prototype of this was the SARS thingie in China and how e.g. Cisco couldn't ship. There was an incident a year or so ago where we were worried about all of the so-called "supply chain".
Seems to me like a mutual assured suicide pact if anyone drops the ball and then the situation devolves into finger pointing. or if the cash flow dries up and then everything seizes up.
Glad u are around,
- Ned
disagree
They won't get it until they've been living in FEMA Camps, at government expense, for at least two weeks.
… “free markets”, “free economies” and
FREE GOODIES !
Rick Santelli is the US version of Nigel Farage. Give 'em hell, Rick!!!!
pussy down-voters have to be Anglo-phobes who think that Farage can't carry Santelli's jock strap.
Greece is really about the Proles taking it up the a$$ so the owners can continue in caviar...already here in the good 'ol USA: Jeb Bush "Americans should work longer hours"...A$$hole
Greece is really about the Proles seeing their gravy train of 1, 2, 3, 4, 5, 6, 7, etc. pensions starting at the young age going away.
And I concur, Juan Ellis Bush is an asshole, but his comment that the total working hours ought to increase? Ya gotta' really resolve your anal-cranial inversion on that! Thingie is called the "participation rate" and it sucks worse than back in the Jimmah Cahtah regime.
Don't cha' know.
- Ned
Thatz my reddie!
Stevie Wonder can see, don't be fooled by the dark glasses. :-)
Luckily for us the Powers That Be haven't managed to stuff Rick into a trunk by now. Too high profile?
Cuomo suggests 'deporting' Trump
http://tinyurl.com/o66qx5u
"holy fuck, our ratings are shit, we need some truth while most sheeple will ignore it and other aware people will bond to any statement of truth they can find. Pay us money and we will serve the master."
Very superstitious...
Writing's on the wall.
I LOVE RICK SANTELLI!
It amazes me that he has been able to keep his job on CNBC Propaganda Channel.
They view him as comic relief
Provides sheeple credibility to the news outlet. But, just like Nigel, not many truth-tellers are allowed in any one space. Don't want them to have any real credibility. Just the news outlet by appearing to care about balanced reporting.
(I almost wrote "jews outlet" instead of news outlet. Had to think for a minute before deciding to change it).
If you feel strongly against an industry, then make your critique about the banks and media, not the ethnicity.
Does this look like tumblr? You should hike up your skirt, get your purse and leave. Men are talking nancy.
Right Mercury, blame the car not the driver. Blame the gun, not the killer, blame every futhat zionists do on the institutions they own and direct. Is that what you propose? Go dig your head out of the sand..
You blame every driver for one collision? You blame every gun owner for one murder? You blame every Jew for the Zionist?
The OP wrote Jew, not Zionist.
It should amaze you.
Controlled opposition perhaps? Let's see what he has to say after the crash and burn happens... if it is anything other than taking control of money creation and the monetary system itself out of the hands of privately owned banks then he is a tool.
Until then I love him.
It's the ratings. He's got 'em and the sponsers will follow him if he bolts. So they pay him the big bucks to stay put.
It is the economy STUPID...
The market having gone MAD under the aegis of Reaganomics and Pax Americana hubris; its time somebody pulled the plug on this incommensurable manipulation we call "invisible hand".
Those who decreed "our money your problem" and "our way of life non-negotiable" stand in front the inexorable gaze of history.
Oh don't forget about Bush, Clinton, Bush and finally Obama---who has increased the US debt more than all of the rest of the presidents before him COMBINED.
Yes, all of them served Capitalism..you know the great gift of Pax Americana to the world that never stops giving.
No don't puleese define Capitalism like Honest Ann : a system that only concerns her and her next neighbour who is not within a 100 KM ! Patagonia must be nice in Winter.
Debt is par essence the best tool of capitalism : as its OUR money, our debt is YOUR problem. Why doubt that?
You tea drinkers would define tea as cawfee if it were indexed to the market cap. hahaha!
When fools think tea is cawfee we are in "What else" land!
Sorry but we don't have a "capitalist" system in the US, so quit blaming capitalism. The only thing "crony capitalism" and "capitalism" have in common is the word "capitalism". There is NO free market here in the US.
Congrats Falak, some of the dumbest, most ignorant comments ever posted at ZH. Moron.
@falak pema
Clearly you don't understand capitalism. We do not practice capitalism here. We practice Corporatism. There is a difference, i.e. if we really practiced Capitalism, we would allow failures and no bailouts. Govt created special interests such as big banks and big corporations have been exempt from the negative effects of a free market. They get bailed out, they get corporate Welfare and we end up with a Corporatism.
Yes and we don't practise religion either, we practise a corrupt form of it.
You first have to begin with fact, and when you find theory does not fit it you junk the theory not the fact.
Now capitalism is what we do in its name; thats fact; not what we wank about in Utopia.
I understand capitalism as I understand Communism as I understand religion as I understand democracy.
It is what it is until we change the way we act in its name.
Don't use theory to manipulate reality like the Popes tried to do with religion.
When reality shows us capitalism as you define it I will applaud it. Until then it is what it is and I deplore that reality as practiced by all "capitalist" nations.
By your own accounts this is a reality that exists since 1913...when the FED was born.
Now that is one hellva wank you tea drinkers are on.
So based on your theory North Korea, properly called the Democratic Republic of Korea, is a democracy. After all they call themselves a Democratic Republic.
You are using a very childish logical fallacy. You can call an apple "orange" but it does not changes its characteristics. Names are supposed to describe the attributes in reality not dictate them.
Similarly, calling the misnamed corporatism that exists world wide by the name capitalism does not actually makes it capitalism nor markets today are free markets. There are no free markets in the planet today. Closest you might find is Hong Kong and HK is closer to an oligarchy than a capitalist free market.
The closest thing to free markets in agrarian societies to post agrarian societies < EVER > were/are black markets. Usually a lot of people die who are involved in those. Legitimate markets, by nature, are well organized and regulated and come complete with authorities waiting to dole out "justice". Government was invented, basically, to organize, regulate and protect markets and market participants. This is why governments do not tolerate black markets. Sometimes government acts as a moral protectorate for a society, but those constraints rarely affect the market makers. Furthermore, it has always been that those who create and regulate the market place stand to profit most from the commerce of the market. They also tend to control the government because of the nature of government being just a functioning arm of the market. As long as there is enough profit left for those trading in the market, most are content. When there isn't, the market makers will adjust the market to insure their cut. Black markets arise when there is enough discontent with the legitimate markets' modus operandi Thru this process, wars are fought, revolutions happen and sometimes nations are born. New markets are made, with new rules and authorities and (eventually) always to benefit the market makers the most.
A legitimate "free market" is but a myth. At least that is my understanding.
Socilaism works just fine buddy , it just requires a lot of capital to get it started. It only fails when that capital is depleted.
or when essential resources are depleted. And when diminishing returns damaged demand.
You don't believe there would be a glut of $50 oil today, if the global economy were growing like 2006, do you?
Essential resources are not depleted. That is a myth. What is happening , due to an unsound debt-based currency we now have a technically and mathematically impossible unpayable interest burden. Capitlism assumes a sound money supply , take that away and capitalism is impossible to sustain.
Bingo, tictawk!
@tictawk
"Clearly you don't understand capitalism. We do not practice capitalism here."
Yes you do. Animals, plants evolve and so does capitalism. The more wealth it concentrates, the more it wants and the more it changes the laws to enable wealth accumulation.
So, what you have in plain old capitalism in its final stages, when it turns into the destructive mess that was built in its DNA.
Given its basics, there was no way it was not going to evolve into that aberration.
bingo to you too, Lea
Adam Smith couldn't possibly have known that captalism would evolve into a Judas Goat leading us all to the slaughter house.
"Ave, Oligarchum, morituri te salutant"
Capitalism did evolve into corporatism. Evolution suggest an adaptation to conditions in order to thrive. Corporatism is the genetic mutation caused by governments intervening in the market and using chronyism in order to benefit some at the expense of others. You can not call a bird a fish just because it once was a fish and evolved out of the oceans. You can not blame fish for the evolution.
If you want to lay blame, do not blame capitalism but government. Government created the conditions that fostered corporatism. The ability for some to hold absolute power corrupted the system.
Capitalism assumes a sound money supply. As soon as the money supply becomes a fraud then capitalism has no hope.
Isn;t capitalism just that? The accumulation of money which equates to power? I have to agree with the above posters point that capitalism has morphed into something else, and yes, corporatism or fascism come to mind. But it's still hailed as capitalism at the altar in NYC, so don't bet the farm that that isn't what it is. A newborn vulture looks nothing like the full grown version either, but he is in fact the same thing.
When capitalism DEVELOPS into corporatism it is evidential that it is the order of events.
It is actually cyclical and the people will ultimately revolt in an attempt to remove the chains of bondage. At times there is a renaissance of capitalism. More often than not the result is one of despotism.
The folly is that capitalist systems are sustainable when it is evidential that they are not. Socialist systems, as Corporatism IS a Socialist system, are also not sustainable.
What is troubling is that far too many desire growth and change while erroneously believing that the growth and change that is desired will not affect the social framework and just serves to erode the traditional values that initiated the birth of Industry and Production in the first place.
If one value in a dynamic function changes then there is an adaptation by all other interdepentent functions. as the equation must balance due to the Laws of Nature. This is not only a mathematical truth but also a practical truth as well.
It is totally irrational to expect that that if there is a change in the system, caused by GROWTH for instance as GROWTH is a DYNAMIC by mere definition, then nothing else will change. It must. There is a natural balance, a natural order, to events.
People want to place blame on the GROWTH OF GOVERNMENT, the GROWTH OF DEBT, THE GROWTH OF INDUSTRY, THE GROWTH OF...THE TUMOR...but what everyone misses is that KEYWORD, "GROWTH".
The problems in Industrial Society can all be reduced to that aspect, that dynamic, that of the desire for unlimited growth while in a limited resource environment.
Unfortunately the stocks of resoorces have been depleted. The Socialist paradigm is just as reliant upon growth as the Capitalist paradigm.
The truth is that we grew too large and too rapidly and this is what will seal our fate and forthcoming demise. This is the PREDICAMENT which we face. There is only an outcome which is dismal at best for few, if any, but fatal for many Billions, if not extinction, as our Planet faces a mass die off.
I do appreciate Ted "the Unabomber" Kacynski as he has opened my eyes to this dynamic in his Manifesto published in the 1990s. I happen to enjoy his cold mathematical logic. He was a Math Professor after all.
In fact it will surprise many who post on ZH, many of YOU, that if I were to publish quotes from that Manifesto without attributing the quotations to him, that I would have so much agreement.
It is an outright critical attack of the Socialist and Corporate State.
That is right. Many of you share his mind set...most of you.
So just why do you think that the US Government is so damned scared of us?
He acted. Maybe you will too. His ideas are infectious.
Happy reading...
http://www.pdfsebook.com/read/unabomber-manifesto-aHR0cDovL3dlYi5jZWNzLnBkeC5lZHUvfmhhcnJ5L2V0aGljcy9VbmFib21iZXIucGRm/
"Capitalism is an economic system and a mode of production in which trade, industries, and the means of production are largely or entirely privately owned". Corporatism/fascism are forms of capitalism. Free markets or small states/government are not defining for capitalism.
It's not the ECONOMY!
It's the STUPID!
it is the economy; just ask those who play the market; they make the HFT'd economy.
But you can call it what you like.
Reality has ONE face. Reality stays reality as long as the power mantra says it is reality.
Santelli speaking the truth once again! How does this guy keeps his job? The only one on the entire network with ANY credibility. Go Rick!
They have to keep him. You want zero people to watch CNBC?
Rick's got more job security than anyone there. All the other hosts on CNBC are there for a 1-2 hour shows, and they're gone for the day. They drop Rick Santelli segments in throughout the day as a teaser so viewers will stay tuned in.
He forgot "Soviet."
I'm amazed that they still have Santelli around since he's a known bomb thrower and all-around terrorist
G.W Bush
What a schmuck he was...
I remember well the look on his face when he announced it - The look of a man with a gun to his back.
Be advised Feds your HAL niner triple zero comp has a malfunction
Everyone's on the dole
Didn't fight the Fed in 2008 and am not now.
Made good coin doing that...300 plus percent darn good in my book.
Too bad I'm still Jobless/Homeless guy.
"Slumdog Millionaire for you!"
You've learned so much during your time on this board, Grasshopper.... (Yes, that was sarcasm)
Do you even bother to read Tyler's stuff?
Oh wow... congratulations. On behalf of all ZH posters, we are so proud of you!
Is that what you're looking, or are you just an insecure serial bragger by nature?
He's bullish then, right ?
Central Planners=Penn and Teller. Levitate and distract. Repeat.
Yea but at least Penn and Teller do put on shows telling you that what they do is just trickery.
I'd buy the man a beer if I ever met him. Cheers!
Pretty soon Santelli will be taken to the woodshed if he keeps speaking the truth. Mr. Yellen is not pleased....
Woodshed self-crucifixtion by nailgun.
Obvious suicide.
Two pneumatically driven 16d sinkers to the left temple. Yep, suicide all right...
If I can't make money investing, I might have to get a proper job making useful products or providing useful services.
I want to sit on my arse and let my capital do the work.
What is happening to America?
You can't spell santelli without NAIL.
Stay away from home renovations, rick.
I'd mention hot-tubs and small planes, but i just did.
freak-economies
I just wish my life would start a big reversal. Yep, still have a sizable retirement, then go back to when I retired, spin back 30 years to the start of my carrier; get out of college; high school and the awkward dating scene, break out in pimples clear them up and be talking like a kid , with a child voice; listen to my parents and kiss all those aunts, have poop in my diaper,,,, then go out with a big orgasm......
No SHIT, Dick.
I become ill everytime I see dick wtih shit in front of it.
Depending on how you gender roll in life, better layoff tha buttseckz
CNBC is the broken clock which is right twice a day, when Santell is on.
I respect Rick Santilli. I'll never forget his infamous RANT that literally started the Tea Party - that was ONE HELL OF A RANT!!
Tea party for a day.
Why not just cut the shit and give everyone a constant direct injection of new MMT bum-paper every week and be done with it? Call it paper 'ration cards', whatever, because that's all money really is, an access to resources. And many people are getting that for nothing now via welfare, or the-tools-that-be prop and expand 401Ks via QE, ZIRP, mark to model and other fun 'tools'. Just give people the ration cards and pay their rent, and close down the wall street illegal casino. Saves all the stuffing around.
So there is a 'free' lunch after all.
I wonder whay it always collapses everytime its tried ?
Obviously not enough central planning was the problem, or so says Krugman and/or Falak.
The free lunch has already been eaten by the Bush marketeers; sorry the Neo-con buccaneers; sorry the sons of good ole Ronnie R ; who all believed their country would never be anything but Top of the heap. Now you guys weep about a passing age.
For MAggie to talk about socialism being about living on other people's money; since when has "our money your problem" capitalism been anything else?
As for the Oligarchy town she built in City...lol, its Dodgier than Dodge and has now become a true Tombstone for the locals who can't afford it.
But then Maggie did have the eyes of Marilyn and the smile of Caligula when she asked the French to give her the codes to the Exocets they sold Vidella's Argentina.
Didn't stop her from bending over backwards to support that other scion of freedom, Pinochet, her loved one of Chile. Now what a wonder he was in his killing Stadiums. Even the FIFA can't match that level of scamming.
Oh yes...where there is discord she brought harmony like Calamity Jane. But why not let her sleep her well deserved sleep; after all she was so proud of having spawned New Labour and Tony Blair in her spitting image. You know the guy who has turned New Labour into Pax Americana's poodle.
And as for rule Britannia colonialism; or opium war gunboatism; are you listening Winston or are you drowning in your Havana smoke of illusionary jingoism ?
Next time you see Marx's grave please don't piss on it; you never know even the dead are known to rise to the occasion.
what you imply is a system that guarantees a universal basic income.
The Council on Foreign Relations ran an article on that about 6 months ago. True.
When they finally figure out demand aint comin back, that is what they will have to do.
Free money. Thus destroying the need for gold.
Its for the children.
Yeah, the MMT crew in US and Australia were pumping out ideas in 2009 about guaranteed living-wage jobs (doing what ever - they call it mandatory 'work for the dole' here, for the unemployed, but its anything but a living wage for real work) for all who can't find jobs in the real economy. Plus 100% bond market monetization with zero public debt. Of course the thing they never want to discuss much are the inflation ramifications. Or possible chronic systemic stagnation. All very experimental, but theoretically ideal. Yeah ... OK, but I'd prefer not to be living in a cardboard shipping crate used to import someone's third replacement Chinese fridge.
But of course the only reason why MMT ever proposed this is because states spent beyond 100% debt to GDP, and still keep running out deficits well above 1% GDP.
So the entire MMT deal is really a theoretical reaction to the common failure to simply bankrupt, nullify and eliminate the public and private debt in banks and eliminate that failed corrupt and criminally undermined non-trustable banking structure, reset, and start again.
So as I see it, the MMT ideal is really exactly what the bankers want us to want, as an ideal outcome. To just settle for the bucks and permanent corruption structure, destruction of all value and costs, and eternal rule by bankster.
Nah ... I'll pass ... Bankrupt the bastards and write of the debt.
i.e. credit write-downs, 90% haircut on every institution, globally. And the personally richer you become, the progressively more you're PERSONALLY taxed, not as jagged steps, but as a smooth graduated continuum rise in taxed amount a personal wealth rises.
There's no reason to keep suffering simply because of fractional reserve creation of debts out of literally nothing.
Fiat is irrelevant, and it is going to be retained one way or another, but institute a 90% global haircut on everything and aggregate demand and trade will be back over night and the next billions of developing humans are also not being stymied from having a viable life as well, due merely to fractional reserve debt and economically and socially murderous destabilizing interest. That won't 'fix' everything, but it will fix a lot of things, especially the things that count.
Sort out the details.
2 cents
the show must go on.
The BANKsters have total control over the financial systems by using computer algorithms that run trading robots. The result is financial advantage for the investor class where investment profit is an entitlement.
I think I am in the wrong job :)
Yeah, it’s called the new trickledown theory in central economics. Criminals are not all bad; they still make their bribery payments to feed their corruption. Ha. Ha. Ha.
They need to run the tape a little longer so we can see the faces of the CNBC anchors after a Santelli rant.
What, and see LIESman's smirking mug? No thanks.
For all we know China found some big artifical shorts taking place in their stock market and stopped the "foriegn economic invasion" by the Soros group. It's one thing to stop a falling market when it occurs naturally, but when there is a western attack on your market by a central bank that can print unlimited money, that's when China has the right to stop the machine and threaten arrest of any BIG traders that are in it to sabotage supply and demand.
A "regulated capitalist" advocate forms a plan looking for details where it will fail and anticipates failure. Failure and rebirth is essential. Bailouts RUIN capitalism, bailouts CANNOT be combined with capitalism, only regulatory reform, less or more, can be the response to failure. Regulation is NOT anti-capitalist, gov't funding is.
A socialist forms a plan looking only at how it will succeed, and does not anticipate failure. When failure is acknowledged, it is only acknowledged as justification for more gov't funding and increasingly complex rules. Bailouts are essential to socialism.
It took seven years for cnbc to tell some truth. And, you can bet your ass that santelli has immunity from the cnbc pumpers to tell a little truth. He'd be happy to lie his ass off if they told him to. He's the whore just like the rest of cnbc's "journalists."
I haven't watched TV in 15 yrs, or so, so was surprised at how young Santelli looked. Is flying off the handle every now and then the key to successful aging?
Rick must not be Jewish?
you are not running the world anymore.. its russianchina dragonbear so zerohedge.cn/ru would be more convincing
This guy is always good for some theatrics. ..High Paid CNBS Show Biz. .
But where does he live, who does he work for, and most importantly, where are his interviews telling us where he stands..??
What a big black hole is Rick Santelli....
Keep yelling Rick, the CNBC idiot audience will keep drooling into their spittoon.
According to Fed prez Kocherlakota, all we need is more debt.
http://pebblewriter.com/kocherlakota-more-cowbell/
What does that guy call "central planning"? Does he mean the CBs domination?
That's not central planning. That's called the defeat of politics and ultimately, of humanity.
Money can't rule. People should. When money takes over - which has NEVER been seen in history before neoliberal economics and get-rich-quick schemes corrupted political leaders - hell is unleashed on millions. Don't forget that money breeds passions like no other force. Plenty would kill their own families for a bit more, so everyone can be the next target.
And you end up with a country that's run by a force that plain old wisdom knows should normally be harnessed and kept in check, GREED.
Nothing to do with central planning, which has been the tool of kings and emperors since time immemorial. You have to be particularly ignorant of history and economics to use these words to define unaccountable faceless bankers, algos and hordes of ever-hungry shareholders.
damn rick's still angry? move on to acceptance dude before you pop your cork.
What's really amazing is that CNBC hasn't canned him yet for daring tell the truth. Course, if they did, they'd lose their last three viewers...
euphemism
original Orwell
Propaganda is in control of the discourse, but mathematics, and dark pool derivatives, are in control of the Central Planners. And the Central Planners don't control us. Ergo, the Central Planners are effin' screwed, but some of us might actually make it out of this alive after World War Three exhausts all the firepower.
Well, something is in control and I don't want to introduce God into the conversation.
I'm here because of the quality of the discourse, but I came here with a belief and nothing has ever been said to dispel it.
It's the oil, stupid.
The planet will figuratively be out of oil before this century is over or sooner. And the struggle between the military and the global economy was decided for the former in 2008.
The global economy crashed and the worldwide demand for oil was stifled. The military bought some time. Time for what? Improvement in the technology it uses to 'control' events. Like the new chips that IBM announced today.
But they can not discover a cheap substitute for crude oil. And most electricity is made today with the same technology as in the day of James Watt.
Most of the terrible things out of Washington these days are out of the Pentagon, after having got the rubber stamp from the Negro.
The confrontation on Russia's western border. The challenge to China in the South China Sea.
When will push come to shove? Let me know if you find out.
Governments should just sell stock in themselves. Absolute control of the both bond and equity markets. Maybe they could create a program to vary their stock prices a bit for some realism. Dole out shares to corporations based on their existing market cap. Problems solved.
I'm actually disagreeing with him. There's very little international cash flow to PRIVATE SECTOR ventures during the U.S. trade, fiscal deficit with the world, only massive loans to the corrupt and incompetant U.S. Government.
Which gave the U.S. government a monopoly of power.
Trade deficit, investment deficit = bad economy.
Take unlimited loans away from the U.S. government and this business will fix itself.
The Central Bank knew in 2008 that they had lost control. They knew the system crashed completely, and they brought out TARP to make it look like they had a handle on the central economy when in fact they did not have a clue what they were doing, and still don't. QE Infinity was born, and now we are looking at the dominoes of countries that are in line for bankruptcy with Greece as the prototypical bankruptcy case the other EU countries will undoubtedly face after Greece goes tits up.
The Central Banks do not understand how to get out from under their own Ponzi scheme of financialization that they collectively built when they formed the EU Ponzi in 1999. In brief, one cannot reinflate a Ponzi scheme, and when they go bust, they go bust. Santelli wants us to think they have not gone bust when in fact everyone on Z/H knows that they have. What is Santelli attempting to sell us on when it comes to the ineptitude of Central Banksters?
Does Santelli think they have extra amounts of cash in a slush fund they have in the back office where the corner safe has trillion dollar coins fresh from the mint and ready to go? Santelli is a shill for the CBers.
Time to give you all the "REAL" big picture. China having drained like a vampire all the easy money and jobs from the developed countries decided tihe time had come to force a domestic market as everyone in the West has become zombie economies. Raising the minimum wage HA what a joke! As if that increases the kind of purchasing power the Chinese need. So off they go to prop up their joke of a stock market going down the same QE path as the rest of the world. With Microsoft laying off 8000 workers and robots galore lets pretend that the corporate 1 cent beats each quarter mean something while top line growth is negative world wide. At some point the "Let them eat cake crowd" will be faced with the "pitchfork" crowd but that will be forstalled by welfare money printing and other government tricks to entertain the "Rubes". Meanwhile lets party the "Titanic" is unsinkable, at least thats what they told me.
Why bother having markets if all you're only going to allow them to do is go up?
How can we have any real price discovery?
Makes me wonder about oil.. I can see a situation to where we'll have gas shortages while oil will be trading very low. Or like we see with precious metals - demand is extremely high but on paper, hey it's in a depression. This is what happens when you destroy price discovery, isnt it?
I'm no genius but it seems to me we're reaching a point to where the real world pricing is going to continue to diverge from reality until we end up with ridiculous results. The pricing signals are being so perverted we're going to be caddywhompus.
If the CBs think they are in control (they have been for the last century or so, but all good things come to an end) they are about to lose it ..
To who/whom?
It might be us guys with pitchforks and torches ..
https://youtu.be/kJR0DYs70f8 (well, at least pitchforks)
Also some who are employing former NSA and M.I.T. grads, expert in 384 (and later 521) bit encryption ..
https://app.box.com/s/769a4o7oixga7au2iz0a7nnxouicngrq
And some nobody at the time, that has a few trillions of his own. Pay attention to the following:
"...will wind up owning a sizeable number of large financial institutions, if the funds are not disgorged as will be required. Alternatively, sizeable banks will go to the wall, and their supervisory central banks will be obliged to pay..."
http://wantarevelations.com/2014/01/wanta-plan-macro-financial-economic-...
http://eagleonetowanta.com/
If any here think this all fantasy, then the following document is real (although its purpose now defunct) ..
http://eagleonetowanta.com/wp-content/uploads/2015/04/US_Treasury_Federa...
And Booney, Tropos, and Falcone may well all be dead .. (another object lesson in shooting all lawyers)
Not according to Phoenix Capital!
Any way we can recruit Santelli and Farage and just pay them to stick around and be even more visible than they already are?
Ricks rants never go much beyond the CNBS Mainstream.
It's as if they, the Anchors, become so self consumed in their own guilt, they turn to Rick for some good old fashioned S&M...
Whip me Rick, harder,,,, Harder!!!
speaking of those fucking asshole central bankers, watching the futures ''market'' right now, and out of nowhere, the futures exploded higher straight up without any downtick.
NOTRIGGED!!!