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The Perfect Storm - Santelli Meets Farage
The undisputed champion of European political ranting (UKIP's Nigel Farage) discussed the sad reality of Europe's inevitable demise with the reigning US chief of non-hype Rick Santelli in a no-holds-barred cage-match of like-minded skeptics. From Rajoy's incompetence to the 'genius of mutual indebtedness', Farage explains the problem is 'bedeviled with complexity' as, for example, the last summit left "the Finnish and Dutch finance ministers leaving with a very different perspective on what happened than the rest" and now even Merkel is arguing domestically what she has and has not agreed to. From the simple self-referential idiocy of Spain's EUR100 billion bailout - that creates vicious circles on all the peripheral 'bailing' nations; to "the same bundle of money going round and round in circles" leaving Nigel tempted to describe it as "a giant ponzi scheme"; Santelli, not to be outdone, explains how the US is just such a money-circulating ponzi scheme as "one part of the government issues debt as another part is buying". The ECB, of course, is becoming plagued with more and more of the ponzi-like peripheral paper and as Farage notes "the day Greece leaves the Euro - and it will - the ECB is left with a massive paper loss" leaving the ECB under-capitalized - which in all its wonderful craziness means "it has to go and get fresh capital from the other countries that themselves have been bailed out and are in fact in trouble". A farcical perfect storm as the "medicine is killing the patient", and he fears if the nettle is not grasped (Euro break-up) now then the markets will overwhelm the whole thing this summer.
If the clip is not working (since it seems CNBC has been a little flaky with this embed - perhaps due to its rough content) - here is the link to the clip.
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What really gets me is the sheer inability of "market participants" to perform simple arithmetic and figure out that Europe is totally busted. The US is in a similar position.
The only people who have any sense are the ones selling Spanish (junk) bonds.
I blame a lot of it on HFT as it shortens the time horizons.
The perfect storm would be if John McCain met the windshield of a bus.
Couldn't agree more.
I'd rather see Cheney hit the windshield... but either way is a strong step in the right direction.
What cave did you just crawl out of Golum? He already did.
Who the hell is Nigel Faronz?
LOL i was thinking the same thing.
Santelli sure seems to be pronouncing his name incorrectly, or maybe I've been pronouncing it incorrectly.
Just a litle help:
In all modesty:
Substitute,G in Garage to F,and put a litle Frence sound in it,and the wheels should turn.
The man is fantastic,a knife thats cuts through,The Eliterian high classed plumcake toppins.
Whos Nigel Farage? Nobody. Who are you? Do you know who i am?
Is that you, John Wayne?
Is this me?
Outfucking standing
http://www.youtube.com/watch?v=rgIeru8ZD94
Indeed, the situation in Europe is getting worse. Both the economy and the markets will suffer falls very important, so it is very important to be placed in the appropriate place in the market.
Farage and Santelli get it.
I love two-fers.
Italy must borrow at 7% in order to lend that borrowed money to Spain at 3%. Too freaking funny.
Usually that costs extra, Cotton.
http://www.bloomberg.com/quote/GSPG10YR:IND
That's Spain's 10 year bond. Present yield: 7.062%
Italy is close.
"The rate on 10-year Italian debt climbed eight basis points to 6.11 percent and reached 6.18 percent, the highest since June 28."
http://www.bloomberg.com/news/2012-07-09/german-two-year-yields-approach-record-low-before-crisis-meeting.html
If CNBC had more guests with common sense like Farage
maybe their ratings would go up
Perhaps. But not their ad revenue.
What else can be expected from globalists?
Mr. Barroso is Maoist, a fan of the biggest mass murderer in history! And the western media, exemplary democrats who are upset if someone doesn't like jews, don't even find it worth to inform the people about the extreme political agenda..
Angela Merkel, was working for agitation & propaganda in the communist GDR and was a StaSi (the murderous political police of the GDR) informer called "IM Erika", is the political daughter of former FRG chancellor Henoch Kohn (under the Pseudonym aka "Helmut Kohl"), also a follower of Coudenhove-Kalergi's racist Pan-European-ideology from 1924, which was sponsored by Warburg and Rothschild, about performing a genozide of the white european nations with mass immigration from Asia and Africa. This ideology is the official ideological foundation of the EU and the media are silent about the criminal ideology behind it!
The whole EU establishment is marxistic and their REAL agenda is the destruction of the homogenous white european nation states and establish the euroean part of world government as part of the NWO.
If someone begins to understand, that the EU establishment follows the most extreme political agenda humans can think about, it's not all all surprising, to see the criminal mental illness which Marxism is, spread with it's absurdity into the financial world.
They make it up on volume
It's kind of like the United States borrowing money from China to give to Israel.
I hate common sense and facts...they are so old hat.
This is like a room full of people requiring CPR. They perform the procedure on one another. Okay, now you blow and I will beat. Okay, now you beat and I will blow. Okay, now you blow and I will beat. Okay, .....
WTF! How long can this go on before the whole damn room is full of dead bodies?
Remember this is not a 100% efficient system. Things are skimmed off the top on every hand off. Some people are getting rich.
The banks are not too big to fail. They are too big to succeed.
At this point, they are resorting to skimming off the bottom.
Roubini was saying that the Too Big To Fail banks have become Even Bigger To Fail.
Priceless!
http://www.zerohedge.com/news/roubini-2013s-global-perfect-storm-and-greedy-bankers-hanging-streets
Issue: Banks insolvent and pose systemic risk to global economy
Response: Give them more money (borrowing from central bank, who is creating it out of thin air)
Result: Banks incentivized to become more and more systemically important to get more and more money.
That is why the crisis is fabricated. And blow hards like Farage only serve to confuse the public.
Dude, You need to take a red pill.
Ignore collaborators.
It is this fact that turns the entire global financial system from a laughable farce to what I call a "guillotine-ready public works opportunity."
These two should have a 30 minute chat about the Euro Crisis.
THAT would be fun television!
hellz ya! lol
grate popcorn munching content that would be...
this is obama nation... we dont want to hear or know the truth..1plus 1 equals 4 not 2..lol
US citizen media circus. It is all great fun, offuscates reality to the most voluptuous pleasure of US citizens and the talking mouths are well paid.
Everyone is happy.
US citizenism at work.
Your comments offuscate reality to voluptuous pleasure of nobody. Farage is English, a Brit, from the UK.
He is a proponent of 'Americanism'
Get on the page.
AnAnon you are a one trick pony that was never funny or eye opening from the get go.
Correction: AnAnnoyingMouse has been an autistic, retarded, bigoted and simple-minded one trick pony from the get go.
Austistic from what? bigoted against what?
Remember your own US citizen propaganda: 'Americanism', 'Americans' are not supposed to exist. They are all supposed to be figments of my imagination.
Christ you're tedious.
...no....he's assholius
Now.....hold on there.......
And US citizenism is what? Lethal?
That which is mythical cannot be lethal.
(Except that, having been created in your own mind, it has clearly been lethal to your mind.)
akak you left out tedious (thanks to hellfish below) that sums it up I think, normally I don't respond to him but holy shit its like a swarm of flies that poster.
Correction: like a swarm of flies around a roadside pile of Chinese shit.
The smell of US citizenism must attract me here.
.
That smell which you find so attractive is your own unwiped ass.
Bear with it.
I could smell that anywhere I go.
That is the best comment you've ever made
Hahahaha,,, ROFL.
Infact, after a while you get used to the smell and dont notice it.
Or the smell of US citizenism suppresses it.
You crack me up man!!! Really know how to wind people up! LOL
Dont worry about these US Citizen losers, Im with you and thats all you need with Chicken Chow Mein.
And in China, you undoubtedly do, on public sidewalks and roadsides, indeed.
Only among Chinese Citizenism citizens is the art of defecating in public like pre-roasted dogs considered an art form, and raised to the highest levels. Almost, in fact, as high as the levels of hyperbolic insanitation prevailing among autistic and retarded Chinese Citizenism online trolls.
AnAnonymous, referring to his attraction to the aroma of his own unwiped ass, said:
...and I'm sure that you do exactly that.
+1 for the lulz!
you stink up this place...for sure
Hard to stink up a place full of US citizens...
And yet, your excellingness in such matters is beyond disputationalizing.
Chinese Citizenism New World Odor.
blobbing up...
Edit: (speaking of blobbing up) ^
Akak now I stand corrected :)
two points: (1) you are correct he is an asshole, (2) leave autistic people out of it.
Eye opening? US citizens know of themselves, their eternal US citizen nature.
As to entertainment...
There's "sum ting wong" with you. I just cant put my finger on it.
Dont worry, there is nothing wrong about you as there is something right about you: you have shown your US citizenism in two sentences.
Very good.
I cant help it man, they keep waving the flag at me and telling me stuff through the TV, my citizenism cant be escaped from. Its like a monster or something.
Citizenism? Nope, US citizenism.
US citizenism is 'Americanism'
And that 'Americans' are to express their nature, well, it is a given as it is eternal.
Well im not an American cheif, so it seems you really do have your wires crossed. You have mixed up the objective with the subjective somewhere along the line, its all gone horribly wrong. Stop talking in verbal parabola's, calm down.
Dont worry, there is nothing wrong about you as there is something right about you: you have shown your US citizenism in two sentences.
Do you even have the slightest clue about the bullshit you are throwing around?
I didnt think so.
Your posts are like some kids cartoon Babblefished into chinese and then babblefished back into English.
You make no fucking sense at all and you dont grasp that simple thing apparently.
Unfortunately, coherence and consistency are not a priority for AnAnonymous.
Unfortunately, coherence and consistency are not a priority for AnAnonymous.
_____________________
Unfortunately? Why would that be that?
Coherence and consistency, US citizens have known a lot about that or the lack of.
US citizens are the people who declared liberty a an unalienable right to human beings and who kept slavery up.
How coherent is that? How consistent is that?
The lack of coherence and consistency is top priority for US citizens.
You didnt think so? You changed your mind?
For US citizens, the group is all. Watching US citizens jumping on the band wagon of the chinese angle is exquisite.
The proud US citizen individualists have no other recourse but jumping on wagons like Chinese citizenism...
Delightful.
Is Chinese Citizenism a wagon?
I always thought of it more as a Long March of Insanitation, a Great Leap Forward into blobbing-uppityness, as it were.
akak asked:
Ah, ah, being that resultation of looking through unjaundiced eyes of US citizenism.
Chinese citizenism yes being of a wagon. You never the hearing of Chairman Mow's little red wagon?
If you keep up, after a while you can make sense out of his posts and realise, hes quite witty and sharp. Really good for the LULZ in the greater scheme of things.
US Citizens should shake his hand.
.
He'd need to wash it first. The ripeness of insanitation is unbearable.
yeah, you nailed this one, '58. Maybe... it's a chatbot, being beta tested from some Hong Kong internet cafe, to auto-harass places with actually interesting threads. It would take many, many auto-bots to overpower zh, i'm afraid.
You must be Chief Douchebag of The Citizens of Assholia, where you reside in the Lobotomy wing of Enema General Hospital in downtown Diarrhea
That made me crack the fuck up and I don't know why other than its sheer immaturity.
"Get on the page." Is that you, Senator Chambers?
Brilliant!
-
Black hole event horizon bend vicious circle form death spiral, no citizen escape black hole death spiral.
- Confucius
Sigh.
There Is No Reason For Greece To Leave The EU. They are getting free money! Why would they leave? And the money they are getting is not really gotten. That money flows right back out to service the IMF and ECB debt that they hold. They can't be cut off!
There is no treaty mechanism for a country to leave. There is no treaty mechanism for forcing a country out.
The flow of Euros electronically from the ECB to the Greek banks COULD be cut off, but the ECB is not subject to EU commands and as I just pointed out, the EU has no mechanism for issuing such a command.
That it is all insane is unquestioned. But what IS questionable is this blanket presumption that Greece leaves or is forced out. The more likely event is total disintegration, all at once, in complete upheaval. If there is any sense of organization and structure, then the treaty holds and it does not allow countries to leave.
Exactly. Greece will not leave as long as free money is provided. The ecb will not stop the money for as long as it's able because if Greece leaves they are broke. And it goes on and on. It's a complete circle jerk. And this is just one example. Germany is in the same boat. They can't cave at this point. They played their cards long ago and are commited. To pull out now would break them.
This will not end well.
yes, I always listen for the points where an analyst says "it's obvious, of course it's going to happen" -- that is their blind spot, usually, the limit or premise of their ability to think through the chessboard.
I think the ECB will ask for more money from its members...and no one will pay...that is what will happen in my end of the EURO....what will they do..write a nasty letter??????....will they just print then...or will they fold...will they give money equally to everyone according to their share..or only to their friends that did what they said to do???? Simon Says...od Simon didn´t say...it is a joke now...Spains new numbers...lol.....and it was just a few short months ago where Rajoy said no problems here in Spain....but gold and silver are down.....????? fixed pricing at $1600 I think...in 20 years when this is studied and written about....it will be a sad story full of lies, corruption, cheating, stealing, and finally murder
I like the reporter, but the "... turn another chapter..." - he's too pumped.
Be in the world of finance, Laddie, but not *of* it - all that glad-handing, back-slapping up-ness HAS GOT TO GO
Center the energy, breathe, and don't be a goddamn cheerleader for Pete's sake
god i love to see these two address congress and obama
Don't you fucking love to have ZH as your home page!!
I do indeed
As long as the Ledner of last resort and the SPender of last resort are one and the same, and all can be borrowers, What is the problem?
"medicine is killing the patient"
Spot on - Just like a cancer patient on chemo!
"medicine is killing the patient"
cancer patient on chemo!
that is because the rockafella and rothschilds.
run the london and wall street money markets.
run cancer giving nuclear power markets.
run cancer giving depleted uranium nato missile markets
and run the cancer giving and medical care hospital and drugs markets.
an inbred elites version of the problem,reaction ,solution equation
If they're going to make a decent tag team Rick has to stop calling him Ferange.
That's just Chicago coming out.
Pronounced with a French accent it could be a unit of BS exposure within sanity limits. Recommended maximum daily dose: 50 Ferange. 1 TOTUS speech = 30 Ferange. 1 Fed speech = 35 Ferange. 1 Cramer Stockpick = 10 Ferange, and so on
all you need to know:
spain owes 90B EUR to ESM.
greece owes 25B EUR
italy owes 125B EUR
in other words, the ESM will never even be activated.
Atta boy Ricky throw him the ol' #1.
Fraance joins Germany and Switzerland in the negative yield club. This is will NOT end well.
http://confoundedinterest.wordpress.com/2012/07/09/france-sells-6-month-bills-at-0-006-yield/
Throw in Biderman for a THREE-WAY!
Farage for POTUS.
RIGHT ON!
(It's no longer required that the POTUS be a natural-born any more)
Has anybody told Farage that the City is collapsing?
If we wait an other year his UK Banking masters are out of business and Farage is will lost his funding.
He seems fairly level headed to me, I'm pretty sure he knows the situation in London and the UK. Thanks tho for the heads up
I think total disintegration is more likely. Countries realize they are fucked either way- in or out so they go for the change.
I would like to see Jon Corzine in prison with the same choice- either he takes Bubba's lovestick in his mouth or up his ass, neither option is pretty but either way he's gettin a lovestick
Jimmy Cagney had it right, back in the day, when he was running the West Berlin Coca-Cola offices during the Cold War:
'You mean that I have been a Capitalist for only 3 hours and already I owe $10 thousand dollars!?1!'
"That's what makes our System work, everybody owes everybody.'
https://www.dropbox.com/s/rerjitcp6lw6le7/WhatMakesOurSystemWork.mov
DUMB and DUMBER - part DUH
don't you libertarians get tired of your hypocritical fingerpointing at the eeeevil guv'ment all the time? how terrible it must be to constantly KNOW DEEP DOWN that the person to blame for this mess is looking back at you in the mirror.
but then, denial always transforms into something else.... which explains the virulency of the libertarian CULTISTS' when their delusions are challenged.
Hey so called Rastamon, ever heard of Rastafari speak of Babylon as in "Babylon will collapse" or burn? They're talking about the same things.
The Collieman
What's really funny here is that you aren't even trying to troll, but rather, are likely this incoherent naturally (unless you're purposely putting forth a fail troll, which seems kind of a waste of time).
Not even worth a down-vote.
*LOL*
'CNBC sucks!' -- Libertarian doofus
'Ooooo Farage is on! Quick make it the featured ZH article!
Now, that is definitely US Citizenism at work!
As a libertarian, I in fact do see the problem in the mirror. Hence why I will not go further into debt.
But that does not mean that I cannot get angry at my never resting government borrowing on my behalf.
pods
pods as a libertarian I have to agree with you and I try to remember to put pragmatism first, and as a person strongly moved by the message of Rastafari I try to pick myself up every day and try try try (like a libertarian). My idea of a free world includes folks with ideas and dreadlocks that at first appear strange to me...I'm not sure what the Rastamon poster is on about to be honest as Peter Tosh said "there are many men who were dreadlocks and they're a million miles away from Rasta, they are night and day...Rasta is about righteousness". Which to me means speaking the truth, or aiming to speak the truth, exactly what Santelli and Farange were doing here in the interview.
I'm noticing an interesting trend over the past few weeks... I've been seeing "Libertarian" referenced more and more. There was an article over the past couple of days through some mainstream media source about how the Libertarian vote was going to be a swing vote come November. I'm not sure what this is all about, but it certainly seems a little forced.
For what it's worth... I don't think the monetary system has much of anything to do with any political party. "Libertarians" might, on average, be in favor of some system of sound money, but the drive to politicize this as a "libertarian" issue seems odd... seems like a set-up, somehow. The FACT that our global monetary system is a debt based ponzi scheme is completely apolitical. Completely. It is, rather, a simple fact of how money comes to be. The system may leverage a political apparatus to grow beyond what it otherwise could, but the Ponzi scheme itself is NOT political... Republican, Democrat, Libertarian, Social Democrat, Green Party, etc.
Do you think state propaganda CNBS allowing Farage and Santelli to speak the truth means the zombie network see's the writing on the wall?
World FIAT currency experiments are a failure, admit it.
No, it means it's too late to avoid the consequences, so they can now start to appear like they are "leading" rather than following the debate.
Gotta keep those last three viewers, ya know.
Nigel is the man. He lets the technoeurocrats have it everytime he gets up and talks, they hate him. As the story continues to unfold it becomes more and more obvious that Europe is crashing and burning while Germany decides if it will stay or go, probvably 50-50 at this point. That would be the ultimate market destroyer, at least for a short term. Can you imagine "Germany Departs the Eurozone" as a headline one morning in the not too distant future?
When Nigel speaks to those a-holes he acts the part of the French soldier in "Monty Python and the Holy Grail":
I FART IN YOUR GENERAL DIRECTION !
Parliment: Seize him!!
Nigel: Yo.. Seize THIS!
COME AND HELP ME GET CHARLES NOMINATED!
http://www.facebook.com/CharlesPonziForANobel
Absolutely NOT. WTF is up with using Ponzi to smear capitalism? Is there nothing to be done that is NOT wholly destructive to society?
Great idea.
Insanely homicidal implementation. You're promoting the Mark of the Beast at the same time as trying to demote it.
The whole Eurozone experiment is "beginning to resemble a John Ponzi scheme".
There you have it folks.
great stuff, I was also having green screen issues on youtube vids. Turns out with an update to Adobe Flashplayer, one needs to right click on the youtube vid, go to settings and uncheck "use hardware acceleration.". Worked for me.
awesomeness
I wish they hadn't cut that piece so short. I would love to have heard more.
"Never in the history of mankind have so many owed so much to so few"
Churchhill
Go Rick! And Nigel for President, Rick for VP slot. The truth is refreshing!
Thanks!
-BD
i think it is funny when tyler can't get the TV clips from the MSM to work right
if he blows him self up at this point, who would be surprised? or even care? mauldin and casey? and mittens? some guy with a pig-tail? rPaul? soros? haroldCamping?
funny, tho, tyler!
keep drinking! maybe buy some more kool-aid too? L0L!!!
LQQK! more "lime-flavored QE" for tyler! this is from the canadian "austrian" fuktard! a gift! just in time for the fight against socialism too!
zH 2012 is certainly no "repeat of 2011"; neither have the markets been, of course, btw... those who said so early just got "majority junked"
must.fight.socialism.for.mittens'.money.
THE END, BiCheZ!
Raw-Money 2012!
they say if you set a rodent in front of a keyboard, eventually he will make sense
they are wrong
LOL ... laugh of the day!
@Rastamon
You are right - we are PHUCKING tired AND...AND the guvmint IS evil - thanks for reminding us. Have you read anywhere what (as Americans-that you obviously dislike) can do legally to stem this tide of guvmint hypocracy and thievery? We would all luv to hear your take on what a course of action should be Einstein.
Burma Shave
Stay on the Road
Permant fix? Rebuh-lushun. Temporary fix Civil Disobediance. But were just going to sit and smoke Hopium, braeath aluminum oxide and drink Floridation and do shot's of Aspertaime. Americans are not just lazy, but we think were entitled, there within lies the problem.
"US chief of non-hype Rick Santelli"
Rick Santelli is a few things but this isn't one of them. He's a ratings whore who uses his share of hype and buzz words to grab attention. Doesn't mean I don't think he makes some general valid points but he isn't a non-hype type.
Brings on the thumbs down if you will but if you don't see that Rick Santelli isn't just another side of the opposite coin in the ratings game, you are either too dumb or too slow to recognize the hustle.
I think Rick Santelli knows the score (unlike some of the other air heads) but, come on, he works for CNBC. He can only go so far. He's very careful to hint at the truth but the guy probably has a mortgage and kids at college. If he goes too far on CNBC, he's down the memory hole.
The problem with Santelli is he's a fuckin' IDIOT.
Sure, he's got the most basic things down--the government is spending too much, the dole has to end, the "real economy" can't function buried under hundreds of thousands of pages of bullshit from the Feds, etc.
But at the end of the day, he's just a loudmouth moron making the right noises to draw his audience. The fact that he doesn't know the name of the interviewee isn't in itself proof of his idiocy, but it is a symptom.
"UKIP has never won a seat in the House of Commons. UKIP holds two in the unelected House of Lords, both due to defections from Conservative peers. It has 12 seats in the European Parliament, down from 13 won due to defections; but one gained from the defection of Roger Helmer from the Conservative Party"
So this is the "voice of UK"?! I guess Montana Militia or KKK should be considered as "voice of Americans" then...
I would say he is the voice of sanity.
The German capacity for sef-delusion knows no bounds. I was talking to a German friend the other day and he said that the "Anglo Saxon media" underestimates the "resolve" of the Europeans to keep this thing together. Well, my friend, you get what you ask for. Sorry. You and your country are going to be utterly ruined. The savings of an entire generation will be pissed down a black hole and will be gone for good. It will be like trying to rebuild an economy after WWII - with massive misallocation of capital over an entire generation. The stupidity of this knows no bounds.
The is a heaping pile of GS at the end of every "black hole" with money being thrown into it.
CRASH ALERT: FRENCH YIELDS turn negatives in Europe! Big Investors flee to safe havens as they believe there’s going to be another huge recession
France is a "safe haven"?!
Wow! ... Alice was right ... we're not in Kansas any more.
So how does Ireland, one of the northern most countries, become a member of the prestigious PIIGS Mediterranean Club? I guess it must be that lowest corporate tax rate of 12.5%!
Since there are no corporate taxes to speak off in the Club Med member countries, a chief characteristics that PIIGS have in common is low or non-existent corporate taxation.
Since corporate taxes are nothing but trivial($175-250 billion paid by US corporation, a contribution rate that is 10 times lower than that of individuals), it won't be long for PIIGS to become PIIGS 'n US.
Low corporate taxation leads to deficit spending and debt. Don't believe me, look at real tax rates in PIIGS 'n US.
Corporate taxation is simply passed on to the end bagholder, er I mean user which just happens to be YOU...
Roubini: “Levitational force of policy easing can only temporarily lift asset prices as gravitational forces of weaker fundamentals dominate over time."
In other words, crack can temporarily get you high and the withdrawal fundamentals will eventually dominate you making you into an addicted zombie slave to the central banks.
Crack up boom.