"It's All The Fed's Fault" Santelli Rages, They "Will Certainly Turn Us Into Japan"
Who is to blame for all this volatility? CNBC's Rick Santelli scoffs at the growing mainstream media's recognition that The Fed is to blame for daring to raise rates - "a group of unelected officials ruining the party and taking away the punch-bowl."
Santelli's problem is that "every time the picture of the world was not what The Fed wanted us to see, they changed the channel," and now they are cornered in their lies, "all along The Fed should have been honest about the true quality of the jobs data.. and now they are force to tell the truth about it, they risk losing all of their credibility."
"The notion that a small group of people should control the price of money should be under review," Rick rages, warning that "if stocks are rallying because The Fed is retreating, we certainly will turn into Japan."
Here is Santelli with two minutes of simple truth...
(36 votes)
»
- Login or register to post comments
- Printer-friendly version
- Send to friend
- advertisements -
If the last decade isn't a "lost decade" like the ones Japan has had, what is?
Greedy bastards, did the FED not funnel enough money into your assholes?
Late to the dance, Rick.
Depends on what Rick's employment contract has to say on his ability to speak truth on the air. He and many others may be muzzled by large amounts of fiat against speaking the truth.
Good point. Freedom gets squelched at many levels.
Exactly. Why didn't we hear this outrage 7 years ago?
Answer: Because Santelli and other financial news pundits haven't been worried about getting their own asses handed to them on whatever they've invested in until now.
The neon signs in my town have changed from Japanese to Chinese over the last few years and we have welcomed our new overlords with gusto.
Why are these idiots on TV that noone watches always screaming?
Um, I watch Swuak Box every morning. Although Becky is a skank. I think she went to Rutgers. They suck too
It is a TV reality show; it really isn't news...it is only what they call it.
Five Steps to REAL Federal Reserve reform:
1. The Federal Funds rate shall float as a market rate of interest
2. The FRA7A dividends and interest payments on excess reserves shall be permanently set to 0%
3. All private equity stock in the Federal Reserve shall be confiscated from the member banks and delivered to the Congress.
4. The only instrument that the Federal Reserve shall be able to buy or sell is a US government bill, note, or bond.
5. All Federal Reserve Board members and Board of Governors shall be assigned by the POTUS in offyear elections.
The FED is only one of many symptoms; not the disease.
One Step to REAL Federal Reserve reform:
End the Fed
It's like a cockaroach infestation. It doesn't matter how many you exterminate if you don't root out every last one.
Congress is using sugar instead of using poison because they learned to live on cockaroach shit. Hey, nobody's forcing them to do anything different, so why should they? It's working out pretty good for them.
Hell, they haven't even had balancing a budget as part of the job description for over 100 years. Fuck it, put it on the credit card. All fixed.
Jesus Farting Christ... Are we stupid, or what? It's like we gave a 9 year old our credit card and wonder why we're broke and everythings turning to shit.
Maybe we should make a suggestion that we should maybe STOP letting private banks control OUR money?
Just a wild idea. Forget it.
When we are Japanified (understatement) it will be more messy here. I have a soft spot for the Japanese and enjoy thier culture but their .gov has done one hell of a job at creating a hive/borg mentality among those people.
They suffer is silence and are more likely to kill themselves than stage a serious revolt or get ugly in any fashion. We are not very likely to revolt either but what we will do is devolve into a twisted version of Mad Max and start killing eachother and destroying things. We may have some Borg to us as well but make no mistake the US will not suffer in silence. Maybe some will rebel in sensible ways but for the most part we will likely go collectively "when keeping it real goes wrong".
Wait.... it's already happening.
The disease is fundamental.
Total disconnect in the way humans are designed to live and thrive vs the modern reality.
You don't kill the food you eat, you don't harvest or even gather the food you eat but you go buy it from a store where someone you never met did it for you.
You use money you made through a vast financialization system where everything has a value or it's worthless. If you can't sell it you can't monetize it then it does not have any value. How do you monetize love? You can monetize sex sure but not love.
The food we do eat?
We grew it all using insane amounts of chemicals we penned up chickens like we sadistically hated them or something, we shot the cows, chickens and pigs, full of hormones to make the grow fatter faster or make more milk or live longer or what the fuck ever.
We plant GMO crops then spray the fuck out of it with weed killer that should fucking kill the crops too but don't because we modified them to tolerate the stuff and we say that the bioaccumulation of that shit is fucking fine.
We have people hoarding vast sums of wealth by setting up systems to convert everyone to debt slaves.
We have people panting about the enviroment and their biggest concern is a gas fucking plants live on. Nevermind the assraping of our planet by radioactivity and just our trash piles that are growing to the heavens.
All our wonderful technology is either spying on us or fucking us in the ass while taking our jobs.
Almost nothing we do is sustainable or in harmony with the fucking planet that gave birth to us all and we wonder why we are fucking in such sad shape?
We are prisoners here and we're the ones building the prison.
I can tell you this if you have to hunt down your dinner you probably aren't going to be fat our out of shape, ditto for fucking growing it yourself.
You are going to realize how precious the food is and you won't be able to look your damn chicken in the eye unless you treat it well while it waits to be dinner.
People can't get through their days now unless they are on either illegal or prescription drugs of some kind because they are literally DYING inside. Their lives have no meaning and they know it and to live like that you have to be numbed down or you will go FUCKING INSANE.
All this technological progress is stripping out the last shreds of our humanity, we have lost our connection with nature and we're going to be exterminated for it if we don't cut this shit out fast.
Sounds as though you agree with our Creator that we are all slaves to either light or darkness, but nonetheless salves or enslaved. Freedom proves to be an illusion when one actually looks at the definition. Just saying.
The ONLY person I listen to on CNBC. Just bring up CNBC website go to video and search for Santelli.
Yup.
Corruption, it's not a bug, it's a feature. It's all baked into the cake. To think it is an aberration at this stage of the game... well, you gotta be dumber than a bag of dicks.
Will Santelli still have a job?
<-- yes
<--- no or might not
"Turn us into Japan" ?
You mean :
-Highest life expectancy, lowest obesity rates in the world
-Low criminality (in spite of some of the highest population densities in the world)
- Ridiculously low gun violence
- Lowest consumption rate of antidepressants alltogether
- More social cohesion, better GINI index than most developped countries
- Real GDP per capita actually increasing
- Super low unemployement
- Less financialized economy than in the US
- Households with next to no debt
- 1st creditor nation in the world, we're still waiting for them to go brankrupt since 1994...(How are your 3% swaptions doing Kyle Bass ?)
- Cleaner environment. Fukushima sucked but remember how they were queeing for water when during Katrina rioters were bing shot from the helicopters
- A country at peace that has not fire a shot in a foreign country since 1945
- And of course, better looking, gracious, elegant women than put the rags that roam the alleys of our Wallmarts to shame...
Yeah, that sounds really awful...
Thank you for your EXCELLENT and correct post. You savedme the trouble of writing it. We LIVED in USA, and now live in Singapore and travel often to Japan. Japan is NOTHING like USA - it is MANY TIMES BETTER! Tooo bad the media protrays Japan to be a basketcase when in fact the opposite is true.
Thank you again!
Well they are stooges for our MIC.
Without our MIC and help rebuilding after the war , Japan would be far different.
Move there and stay
The japanese have repect for the elders, They have shrines for elders.
Seen any in the USA?
No blacks and very little immigration.
There stock market is what RS what talking about.
Feel free to move there. I know a guy who did.
nice that they have great respect for elders...
You are welcome to look only at the surface if you wish, but Japan is a very sick country: http://www.nytimes.com/2007/10/12/world/asia/12japan.html?_r=0.
Their women don't want to reproduce in a country whose social policy is to knowingly, intentionally let its pathetic poor starve to death.
Not to mention Fukushima, and the fact that the "cleanup" is being done by the Japanese mob using the unwilling slave labor of Japan's hidden untouchable caste (http://www.bbc.com/news/world-asia-34615972), without real safety gear.
So tell me, Rick, why do you keep working for those that benefit from those fuckers.
well it's good someone with the right way of thinking works there !
We already are jap++. PPT will move in when DJI hits 16000 to save us, otherwise sheeples will leave front yard before fed has a chance of hair removing.
https://www.youtube.com/watch?v=mgekmOqCFTU
Here are some signs of a coming recession.
1. Investors in high-yield bonds are expecting to see their first negative return since the start of the credit crisis in 2008.
http://www.marketwatch.com/story/deteriorating-junk-bonds-flash-warning-signs-for-stocks-2015-12-07?dist=afterbell
2. Factory orders continue to drop
http://www.zerohedge.com/news/2015-10-02/us-factory-orders-flash-recession-warning-drop-yoy-10th-month-row
3. Default risk spikes
http://www.zerohedge.com/news/2015-10-02/us-financials-default-risk-spikes-2-year-high
4. M&A set record
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record/
5. Iron ore prices tumble
http://www.marketwatch.com/story/iron-ore-prices-keep-crashing-adding-to-global-growth-fears-2015-11-30
6. Baltic dry shipping index tumbles
http://www.marketwatch.com/story/shipping-index-falls-to-all-time-low-stoking-fears-about-global-growth-2015-11-19
Here is how to prepare.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
Truly, Santelli tells it. And if you plot the beginning of the advance of the $ against oil, you see the deterioration of energy. It is the fault of the fomc totally, and irrevocably their creation from the beginning and to this moment.
Im glad I took shop classes!
Indeed.
By God's grace, I have accumulated many skills- some physical, some intellectual, most importantly- some spiritual.
When it comes to providing for my loved ones, all three come in handy.
I often use my skills obtained in shop class, as well as on the job training.
I am always perplexed when I hear of people who "can't find" work.
It's always there- if you are willing and able.
And NO- I'm not talking about flipping burgers, Wal-Mart, or any of that horse puckey.
You might get a kick out of this. Some cheap shop owner took one look at my estimate and said I charged the same as his layer does. I just smiled and proudly said why yes I sure do. But if you want to call the cheaper guy you are welcome too. After they screw it up I will charge you double. Or you could just have me fix it right right now. He paid up.
You get it.
I never underbid.
I am rarely the highest bidder, but I am far from the lowest.
I let my years of experience and my references do the talking.
There's a whole lot of spoiled children who milk their parents or the gubmint (read taxpayers) instead of doing an honest days work.
I know who gave him my number. He knew who he was talking too when he called me. When I was done he was happy enough to buy my lunch and chat. Asked for a bunch of my cards too. Winning in the big boy world!
The Santelli man tells it like it is. CNBC realizes they can't all lie thru their teeth. He is there to give them some shred of credibility.
I am puzzled
why Japanese are not failing
while they are not selling
Chinese have to put outflows somewhere...look at the yen
Politic and banking has been, and always will be, the same. Don't currencies always become debased, even the gold? What are those ridges for on the coins? Human nature. The difference is we have the information available, and communications available, to see and be aware of some of this business. Did I hear someone say something about making sausage? So, no I guess this time is not different!
I'm not happy Santelli is correct, but I am happy he is right.
im not worried, i a hoser. we can just go on strike! so walk off, eh!
canadiens will survive with our pancakes and ice skates!