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Santelli Slams Protesters Blockading CME As Traders Unload On "Soros Paid Morons"
The entrance to The CME has been blocked for most of the morning by "Soros-paid Morons" according to one trader. Rick Santelli has a few opinions on the apparently ill-informed protesters' actions, and concluded, "It would be sad commentary - based on what the politicians have done with the budget - to chase more companies out of Illinois."
The CME is being blocked...
Marchers surround #CME #moralmondaysil #shutitdown pic.twitter.com/ubnwsnikBg
— ONE Northside (@ONENorthside) November 2, 2015
#cbot security doing their best. pic.twitter.com/s1rvmhzBIh
— Matt Stankowicz (@MStankowicz) November 2, 2015
Protesters crash Cbot/Cme .. pic.twitter.com/i0knW8n8ua
— Paul M May (@MCmepuck) November 2, 2015
Bouroudjian adds some color...
Soros paid Morons blocking the entrance to CME. Makes me wonder, maybe Darwin was wrong! pic.twitter.com/nFVnC5BRdz
— Jack Bouroudjian (@JackBouroudjian) November 2, 2015
Santelli explains...
But it appears the police are preparing to disburse the crowd...
Protestors are blocking in and out access to Board Of Trade... pic.twitter.com/lbvviHOdke
— John Balla (@jbwalleye) November 2, 2015
Guys if your inside get long PLASTIC ZIPS @chicagopolice getting ready! #AskingForAFriend pic.twitter.com/4fpsrjJ0NU
— Tommy Grisafi (@IndianaGrainCo) November 2, 2015
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These would be the Robert Reich supporters?
Crowd-sourced riots, its all the rage.
Off (to Homan Square) with their heads!
Look at those cowardly bastards protesting on the street about greed, inequality and corruption!!
They should grow a pair and anonymously whine and make snarky comments from their computer like I do.
Pussies !!
those hippies ain't shit unless they have a verified protest riot dog ready to get in there and kick some ass!
Fahque Imuhnutjahb,
Hard to believe that you have 26 up votes and none down. Wonder if some readers missed your point.
Anyway, Santelli is hopeless disconnected—An Emperor that has no clothes.
This old post by Cognitive Dissonance summarizes it pretty well:
The absolute best controlled opposition is one that doesn't know they are controlled. The way I see it Santelli's problem (shared by the vast majority in the financial field of which I am a part) is that he honestly believes in the system itself and feels that it has been hijacked and corrupted. In other words, just remove the cancerous tissue and the body will be fine.
Sorry Rick........but the system can never be cancer free. The system IS the cancer.
I figure most of the folks on here are pretty sharp and know what my point was.
If not then fahq 'em.
Police are "disbursing" the crowd? I didn't know Soros-paid morons were the new currency. Finally an end to fiat money?
hope soros dies today
Hope that CME dies today so that the Gold and Silver Market manipulation will stop.
The manipulators are powerless without their willing stooges and all CME Traders, as they are the willing stooges, need to be CRUCIFIED.
Burn the CME into ashes and hang Jeffery Christian from a lamppost.
Then move it over to the Hamptons in New York and burn it...to the ground.
When white people riot they do not burn down their own neighborhoods. We burn down yours.
Look at Iraq, Afghanistan, and other playgrounds if you need the clue.
I just want to see Chicago go down in flames.
Patience grasshopper, it takes time for a really big bonfire......
Actually I liked Chicago, where I lived for 20+ years, including some down on the floor, but I left when it was clear it was going to go down in flames.
But the real problem lies in Washington DC and NYC, as well as some foreign cities where various Primary Dealers, Central Banks and SWFs live. Of course the people protesting there today wouldnt have a clue about all that.
And to the antisnark behind the computer guy, I have protested in the public square as well as writing snark so we arent all just desk jockeys sitting on our asses.
What's wrong with Single White Females?
Used to live there... for 15+ years. Worked in finance in loop. Great city way back when. Then in 77 it all started going to shit with Bilandic, Byrne and then .... Washington. When even the parks grass didn't get mowed. Now, what do .... Oh, never mind.
Used to lunch on the top floor of the Italian Village with Vinnie the bartender cooking "beef-fucks" as he called them. Biggest damned piece of steak. He'd hand us table cloths to use as aprons while eating the damned things sitting at the bar.
Yeah! Where the hell is Mrs. O'Leary and that damn cow when you need 'em? If it burns it'll be a boon
for ol' Rahm, with his disaster capitalism meme; he'll be makin' Lemon Manischewitz.
Block Baby Block
Don't blockade it, burn it down.
We have noted your comment and will be in touch shortly.
Regards
NSA
If your just watching me now, I really over estimated your abilities. Being a Veteran and having no problem espousing my love of the 2nd and for State's rights and a debt free currency. I figured I was already on multiple lists.
We're a government agency we provide a service with similar efficiency to other government departments. All about the pensions bro.
That 500 million Soros took from Gross is being put to work. First he funds a European invasion and now this. I guess he has plenty of chaos left on his bucket list before the decrepit old fossil dies..., if ever.
I guess Bill jumped off the Soro's "One World" bandwagon Doc.
Can the undead be killed?
This is Bullish for Employment right ? Somebody is getting paid that's a good thing...
we need more of that... /s
It starts ....
Windy City breaking wind yet again.
Santellli...
the fake free market crusader...
all hot air..he is another Wall St. banker whore...
FUCK U RICK U DICK....
and for the protestors...u share balme for ur finanacial deprivation...
why????
cause u know nothing of the creatures who have created the situation - The Fed, and the MoneyChangers...
and u know nothing of REAL MONEY...
"and ive got one more Silver Dollar
but i'm not gonna let them catch me - no
not gonna let them catch the Midnight Rider..."
junk away...
"."
Great tune and analogy for those of us that want to understand the problem KS!
thanks bro...
its sad that so many do not understand that shunning their system and their worthless paper is a profound step towards recapturing thier freedom...
is what it is...
I don't see what Soros has to gain in something like this. Sounds like propoganda and an attempt to delegitimize an agenda.
I dunno. Think about it. Rahm Emanual gave the CME a huge tax break and they still cut jobs by closing the trading pits. Corporations are living off subsidies now and claiming they're successful. Maybe we should cut corporate subsidies and let the free markets decide.
Bingo
It's also funny that both the Soros side and the Santelli side try to formet some "division" via propaganda like this. The Santelli coporate fascists will say, "Oh, look at the idiot protestors! They are just lazy leftists who don't understand OUR markets!" The Soros paid union flacks will then retort: "We need more taxes! Support our budgets!".
If they ppl had any idea that the majority of Americans could give two fucking shits about BOTH of them now, and that if they ever did (and when SHTF in these "markets", it will).....that both of these lots of sycophantic douchebags are all fucked.
when I saw the Madigana and Cullerton sign, then the Rauner sign it became clearer.
Madigan and Cullerton are old school Chicago Machine
Rauner is trying to fix things.
The Old school and liberals believe the excesses & promisses should be covered by higher and higher taxes. Screw them all.
Chicago and Cook Cty were always liberal machine bastions and the pols got in bed with the unions . Ask about Streets and sanitation in chicago. 7 man crews to fix a pothole. 2 junior guys work and the other 5 stand and BS.
I remember the dealmaking well. I grew up in the "hood" and knew the families in the machine.There were no problems as longas you "took care" of teh people". A little smear here and there went a long way.
Now theres no money--the city demograpics are low income and teh youth just startign out. The rich have condoes in the city but have residence in FL or TX or NV to save on taxes. Chicago and Illinois not going to be able to come back without concessions from unions. Don't hold your breath waiting. It wil take bankrupcy and court rulings.
I regret that I have but one upvote to give to this comment... this is Illinois, where _everyone_ is on the govt tit... let's rip that out from underneath everyone in the state, corp and citizen alike, and see what happens... you can start by declaring DEFAULT and work your way from there...
socialism.. it's running out of other peoples money ..
actually socialism hasnt been using 'other peoples money' since we started massive QE. socialism is working off the teet of QE now. whats left of the middleclass is still being tax raped but QE money is the trillions spent now....
Yeah, running out of other people's credit. Cuz in a world where "money" is "credit," that's soooo much different...
Give them some more IOUs
I would ivite them in and let them shut it down...and see what comrade Obama does say...a week into it
Pride goes before the fall. of the guillotine
No word on what they are protesting?
It may be related to the recent hikes in the property tax.
http://globaleconomicanalysis.blogspot.com/2015/10/chicagos-aldermatic-s...
The braindead sheep who voted for left-wing dopes got sheared down to their bare asses and they are looking to take out their
frustrations on the 1.0%. Keep doin' what you're doin' and keep gettin' what you're gettin'!
Moral of the story: be the 1.0% but live somewhere other than Chicago.
It would save the bankers a lot of legal trouble is someone just paid a bunch of protestors to burn that place down.
It would save the bankers a lot of legal trouble is someone just paid a bunch of protestors to burn that place down
Just watch . . . if for some reason in the future there is a rush by investors to demand delivery on sliver and gold contracts (or any PM's) there will be an incident similar to Building 7 at the World Trade Center giving CrimEx a convenient excuse as to why they can't fulfill those contracts.
So this is what a civil war must look like. I don't like or trust anyone I see on either side.
I don't know enough about all this, but Santelli doesn't need to get too sanctimonious trying to tell people how the economy should operate. Maybe he needs to explain how financializing everything that moves in this country, while shifting production off shore and destroying the middle class, is the way things should be in a sound economy.
Santelli knows this better than anyone, and his "SAntelli Exchanges" quite clearly have pointed these problems out.
How's he know, someone fill me in, it's Soros' guys and why would Soros be involved here? Specifically, I mean...
Fuckin' guy is like Nightcrawler - just appears and reappears all over the globe.
You have to consider the possibility that Soros was the Roman soldier who stuck a spear in Christ's side.
Whatever, he's got a lot of Joo World Order money and it has been proven to go to places funding faux populist protests of the liberal persuasion.
How can we tell if a protest is grass roots rather than astro turf? What's the litmus test?
Is it tweets from this Bouroudjian guy? What's his source? Maybe these are just pissed off
peons who resent their property taxes being jacked and feel like the pain needs to be
shared with CME---transaction tax. This guy probably throws out Soros' name just to get
a knee jerk, jump through your ass reaction, and to distract and discredit.
Methinks the old fossil is a reptillian.
The signs that say " Fund Education" should say, " Fund Indoctrination".
George Soros: Top 10 Reasons He Is Dangerous | Human Events
This is just for starters.
A prelude on what is soon to happen on the COMEX.
Imagine if the protesters were black. You'd have a Freddie Gray, Eric Garner, Sean Bell all at the same scene. At least someone called it what it is though, SJW's, Soros Justice Warriors.
If they were then they'd be burning down their own neighborhoods.
You'd never see that rioting happen at the CME...so that is beyond my imagination...
And the markets are soaring. S&P500 about 1.5% away from its all-time closing
high (2131). Smooth sailing until May. Upside is probably quite limited.
CHICAGO (WLS) -- Activists with Moral Mondays Illinois are protesting at the Chicago Board of Trade to demand a tax on financial trading in Chicago. The protest comes less than a week after the City Council approved Mayor Rahm Emanuel's budget, which includes a $588 million property tax increase.
"You and I will soon pay 10.25 percent sales tax at the store," said Toby Chow of Fair Economy Illinois. "Right now, big banks and corporations buying stocks and futures in Chicago don't pay a cent. A tiny sales tax amounting to less than .002 percent of the average contract value would scarcely be noticed by the big corporations, but it would generate billions of dollars for vital resources that we need in our communities."
http://abc7chicago.com/news/hundreds-protest-at-chicago-board-of-trade/1064464/If they did increase financial transaction fees by $0.67 they will just reduce the education budget by that fee revenue and spend it on something that is not an investment in the future.
From George Soros deluded mind> "I admit that I have always harbored an exaggerated view of my self-importance—to put it bluntly, I fancied myself as some kind of god” or “I carried some rather potent messianic fantasies with me from childhood, which I felt I had to control, otherwise I might end up in the loony bin.”
Santelli likes the economy rigged in his direction, and he gets very telegenically angry when it isn't. The last thing on Earth guys like him want is a truly free market. They want their game their way, and they don't like anybody messing with it; particularly people who aren't already members of the club.
It's particularly telling that he and his pals are using the new meme that anything that doesn't benefit their little club is funded by George Soros.
Santelli is really pissed (as opposed to his pissed theatrics, which are also real but entertaining) because he couldn't take a smoke break in his usual spot. Nicotine is a hell of a drug
Is this the Illinois that hasn't had any net job growth for over 15 years while taxes increase to support a bloated cost structure? This looks like Mike Madigan got the cronies out for some headlines--raise taxes. Rahm just passed a massive tax increase, too, that doesn't even balance the budget in Chicago. Where are the people who are willing about cutting costs and improving effectiveness/efficiency while making long term positive return investments?
That's pretty hilarious. Where are those "people who are willing about cutting costs and improving effectiveness/efficiency while making long term positive return investments," indeed.
They're not working in a ZIRP and NIRP environment, for one thing. You can't do public finance over a long period of time without a functional bond market. The problem is very basic. You can't base a system on debt at interest as money without infinite growth. You can't have infinite growth on a finite planet. Nobody will take on new debt at interest today if they don't think they'll have more money tomorrow to pay that debt. If they won't take on the debt, money can't be created the organic way. So it has to be printed. With the consequences we see all around.
A major reason the cost structure in Chicago, Illinois, the rest of the US, and the rest of the world (increasingly so) is that a lot of the calculations used to set up that structure assumed 5%-8% annual bond income. Make that 0.5-3% instead, and public finance pukes. If long-term investment means inevitable losses due to interest rates well below inflation, then the base costs have to be paid out of today's money. So taxes have to go up, or expenditures have to collapse. There's a reason we have those costs. Before we had those costs, we had regular economic collapses and social upheaval. The "nanny state" was established by the Elites to keep order. Then they decided they didn't want to pay for that order, so they pushed the costs lower on the socio-economic scale. The Middle Classes never could foot that bill; it's just taken until recently for that to become inescapably obvious. So they cooked the books again, and again and again. Now the created crisis is coming to a head, once again. Time for some more book-cooking.
Because the last thing the Elites will allow is people to come up with ways to cut costs and improve effectiveness/efficiency while making long term positive return investments. That erodes the privileges of the Elites, and they're not going to have that.
It's like watching the movie "Magnum Force" with George Soros playing the role of "Lt. Briggs".
Only instead of 3 psychopath police officer(s) at his command that disregard the rule of law, he's in control of whole countries that think like him and carry out the same agenda!
I mean, if you want to protest corruption and evil, the CBOT is a good place to start...
Disburse the crowd? The police are going to hand out money?
Its just the Cubs victory parade..they won the World Series right????? Oh nevermind
"Clowns to the left, Jokers to the right."
Watch the torture scene in Resevoir Dogs again and think.....
The middle class is the cop, the psycho is the ruling class, and the rest of America is the two guys who leave the cop alone with the psycho and it all makes more sense.
Is George Soros the new N.M. Rothschild?
...just trying to keep my "players program" straight in my head before they all change ends at half time.
The son of Soros runs a new thing called bitgold - a rival of the CME.
'By deception, make war' - always part of the Soros (real name Schwartz) program. See his rent a mob in Ukraine and Europe.
Nah. He is a Rothschild footsoldier. You never see a top Rothschild out in the daylight.
So they are pissed about cuts to Public Services. And they want Corporations to pay more taxes, with more money going to fund Education.
Fine by me. Versus public money used to bail out banks or spent on military adventures to secure resources on the other side of the globe.
Maybe they're in the wrong place, but it may be the only public place in town that will get them publicity. And they're not protesting because they're stupid, but because they're pissed off.
When it comes to return on investment, Public Services and Education beat the hell out of stock buybacks. Except, of course, for the Elites who have set up this clusterfuck for their benefit in the first place.
Bernie Sander Zombie Army (Free Shit Army associate organization).
Could someone please call me when Santelli gets a brain?
the FreeChitArmy grows ever stronger
Nice wordplay. ;-)
We'll all be using "wooden nickles" soon.
Not really surprised about the waste of human cells "protesting" , but the fact that CME buildings are *not* empty blew my mind.
Surely nobody will get to the server room.
It's funny that there would be dipshits like this who protest that legal entities aren't paying enough taxes to the "government" they own.
But then, a job is a job in these precarious times.
Maybe the crack about Soros paid Morons refers to the trader's awareness that George's son heads up a new thing called bitgold - a rival to the CME.
George, funding more 'open democracy' while secretly lining his family's pockets? Whodathunk it from the man who admits being a young Nazi in his native Hungary and helping steal from fellow jews...
And why is the guy at the center of one photo wearing a blanket over his shoulders? Bizarre...
santelli is a beard for cnbc. he is the "objective" guy. the "balanced" guy. he is a fucking pumper just luke he always was. they would fire his ass if he wasnt their main man. poll: who is the scumiest trash? kernan, liesman, carl "taco" quinyilla od lay, beck "buffet's birch" quick, or any of the new trash?
Yes , because protesting traders not paying enough in taxes while raking in bid ask spreads while schools and communities go broke is so horrible.
What's the connection between local government school funding and trading on an exchange in another city. What is the source of funding for a "community"?
Wait... Soros just admitted
“Our plan treats the protection of refugees as the objective and national borders as the obstacle.”. Mail to bloomberg buisnessSo that thing is to show that he is against the traders, therefore a good guy, and so his plan to take down the borders of europe is good too. btw your acting is moronic santelli
And Soros wtf who gave you the right to intervene everywhere you please, undeadable blood sucker?
The problem with the CME is not how much they are taxed, but the fact that the whole business has devolved into a fraud of naked options trading aided and abetted by the market makers themselves, shamefully settling in cash to cover the fact that they have done nothing to curb sellers on offer, who have nothing to offer but a manipulation trade where they call the market on the dip after their own put.
On top of that they do it with legal privileges that allow them to do what would land you or I in jail, and receive subsidies besides.
And there it is.
It isn't a commodities market.
It's a rent-seeker market.
Prove it. They are all vile rats. Soros just has a lead role in a cage. For now.
George Soros is an agent of the Rats at the Top of this pyramid. Deep pockets is funding this nonsense. Let's feed George to the dogs.
Renfrew
I favor simple solutions to simple problems - I would just shoot them all.
The signs are asking Madigan and Cullerton to tax the big corps. Madigan and Cullerton have been entrenched at the top of Illinois government for decades. They are responsible for creating the most indebted state in the nation. This just shows how clueless the sheeple are, believing that government and the political cronies work for the good of the people and are there to help. And they want to tax big corporations, which will be passed on to consumers, to pay for big goverment. That's all we need, more taxes and bigger government.