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Santelli On "Why Money Is Important" And A Trillion Is A Big Number

Tyler Durden's picture





 

Fresh from his vacation with Mickey and Minnie, CNBC's Rick Santelli is back and mind-blown at the total cognitive dissonance of the fact that we just broke through $16tn debt. The relaxed Chicagoan summarizes, in words and tables that any Disney-princess-loving 6 year old girl could comprehend, why "a trillion is a big number" and while not dissing the first lady's speech, he notes that unlike her "money's not important to Barack" comment, when the number gets this big, it better matter to someone.

 

 


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Wed, 09/05/2012 - 13:51 | Link to Comment BaBaBouy
BaBaBouy's picture

Trillion Pocket Change

Wed, 09/05/2012 - 13:55 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

We needed to bail out the banks, and that was unfortunate. But now is the time to make up for the past by letting a small group of smart, trustworthy regulators to override the decisions of management. Consumers are not capable of, or responsible for, assessing which financial institutions to trust, so they need the government to do it for them. The government represents the will of the people by forcing them to comply with regulations. Under this system, risk is elminated and we cannot make bad choices because every decision is validated by the infallible moral judgement of the government regulators.  

Wed, 09/05/2012 - 13:57 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"trustworthy regulators"

Sorta like "military intelligence".....right?

I love MDB's performance art.

Wed, 09/05/2012 - 14:01 | Link to Comment BaBaBouy
BaBaBouy's picture

LOL ...

 

""" Under this system, risk is elminated and we cannot make bad choices because every decision is validated by the infallible moral judgement of the government regulators. ""

 

LOL ... HAHAHAHAHAHAHAHA ...

Wed, 09/05/2012 - 14:05 | Link to Comment nope-1004
nope-1004's picture

A billion minutes ago Jesus walked the earth.

A billion dollars ago at our present clip was 8 hours ago.

MONEY IS WORTHLESS, and Mrs. Odummer is correct - It doesn't matter, it's not worth anything.

 

Wed, 09/05/2012 - 14:14 | Link to Comment economics9698
economics9698's picture

MDB did good today.

Wed, 09/05/2012 - 14:28 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Enter the SOUTH AFRICAN SPRING.

SA protesters have decreed the gold mines MUST BE CLOSED by tomorrow. Failure to shutdown the mines will result in death to mine managers:

http://mg.co.za/article/2012-09-05-miners-threaten-to-kill-lonmin-manage...

 

The threat was made by representatives of hundreds of protesting workers who marched to Lonmin's Karee mine, from Marikana on Wednesday.

The five representatives told manager Jan Thiroun that management had Wednesday and Thursday to close the mine's K3 shaft or they would end up dead and the mine would be burnt down. The shaft is where most of the mine's operations take place.

GOT PHYZZ?

Wed, 09/05/2012 - 14:28 | Link to Comment Precious
Precious's picture

The only people who seem to protest loudly are the fools who still have some skin in this racket.

Wed, 09/05/2012 - 14:53 | Link to Comment JPM Hater001
JPM Hater001's picture

Nigel and Rick should have a baby...

Wed, 09/05/2012 - 15:19 | Link to Comment Element
Element's picture

Rick, you forgot one thing.

To show how many trillion in Nov 2008, and how many trillion it'll be in Nov 2012.

That might be an important number too ... maybe next week

Wed, 09/05/2012 - 15:22 | Link to Comment Kitler
Kitler's picture

The gold mine owned by Nelson Mandela's grandson and President Zuma's nephew is also in the news for the shootings of 4 miners.

http://www.independent.co.uk/news/world/africa/now-four-miners-are-shot-...

Looks like the new boss is the same as the old boss.

Thu, 09/06/2012 - 03:22 | Link to Comment Sparky_ZA
Sparky_ZA's picture

I am from South Africa

We just doing our bit to correct the price of PM's.

Probably find the mines are nationalised soon. All depends on who is voted in next. 

I was stacking until aliens came and took it away for there atmosphere.

Wed, 09/05/2012 - 15:17 | Link to Comment Zero Govt
Zero Govt's picture

MDB has his knickers in a twist. The banks "did bad" so we need to trust the perfect judgement of Regulators. Where was the perfect judgement of Regulators while the banks were piling on leverage, risk and debt? 

Earlier MDB approved of bankers getting their foot in the door of political decisions. That's the exact same bankers that "did bad"

I'd question MDB's judgement but he clearly hasn't any

Wed, 09/05/2012 - 20:34 | Link to Comment DumFarmer
DumFarmer's picture

Hook, line and sinker.......MDB outs another newbie. Or is it a lack of sense of humor...

Wed, 09/05/2012 - 21:24 | Link to Comment EINSILVERGUY
EINSILVERGUY's picture

This is like the early scene in Shawshank redemption when the cons bet on which of the newbies is going to star crying first

Wed, 09/05/2012 - 14:07 | Link to Comment Muppet of the U...
Muppet of the Universe's picture

I get 1 day to cut up.  So I JUST DONT GIVE A FUCKING SHIT ABOUT FORMALITIES, bitches.

http://www.youtube.com/watch?v=eX9UurI-nR8&feature=BFa&list=PL1766AE15B0...

^  Sup now?  Brass Tax taking names and faces, with pocket aces.

Wed, 09/05/2012 - 15:50 | Link to Comment Chuck Walla
Chuck Walla's picture

love MDB's performance art.

He keeps forgetting the /sarc.

 

FORWARD SOVIET!

Wed, 09/05/2012 - 19:38 | Link to Comment The Alarmist
The Alarmist's picture

"I love MDB's performance art."

Like a crucifix in a jar of urine, MDB leaves a steaming pile on a stack of crisp C-Notes.

Wed, 09/05/2012 - 13:58 | Link to Comment Pladizow
Pladizow's picture

YAWN.

Wed, 09/05/2012 - 13:58 | Link to Comment BaBaBouy
BaBaBouy's picture

Trillion USD Fiat Is Pocket Change, when the ACTUAL Debt
and Liabilities could be up to $200 Trillion according to many...

GOLD $50K...

Wed, 09/05/2012 - 14:02 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Looks like at this rate ($3,401,360,544/day in new debt) our Federal Government will hit the debt ceiling around December 19, 2012. Repulibcan "conservatives" and Democrat "liberals" will, yet again (as Obama and Ryan and Biden has shown through their voting history) extend the debt ceiling with no cuts. USA! USA! USA!

Wed, 09/05/2012 - 13:59 | Link to Comment sm0k4
sm0k4's picture

I must admit, you are getting to be a pretty good troll.

Wed, 09/05/2012 - 14:11 | Link to Comment lasvegaspersona
lasvegaspersona's picture

did the USG get the Vatican to lend it some of its infallability?

Wed, 09/05/2012 - 14:12 | Link to Comment Xibalba
Xibalba's picture

what the hell are you talking about?!?!

Wed, 09/05/2012 - 15:08 | Link to Comment BeetleBailey
BeetleBailey's picture

Fuck You douchebag MDB....period.

Wed, 09/05/2012 - 16:38 | Link to Comment Random_Robert
Random_Robert's picture

Who on Earth would dare to junk MDB for such poetic wisdom...?

 

"infallible moral judgement" and "government regulators" in the same sentence...?

c'mon, who else but MDB could have pulled that off? 

 

It's like aligning the postive poles on two magnets and somehow still managing to get them to stick together. 

 

It's almost God-like.

Wed, 09/05/2012 - 17:33 | Link to Comment Slightly Insane
Slightly Insane's picture

You are wrong on every part:

a) we needed to bail out the banks (wrong) - let the losers die, criminals go to jail

b) trustworthy regulators (wrong) - ineptocrats taking bribes (election contributions)and picking winners over losers

c)Consumers not capable for assesing which financial institutions to trust (dead wrong .... are you just stupid?)

d)"they need government to do it for them" - wrong - Consumers are far wiser then regulators, they make decisions based upon their own interests

e) "The Government represents the will of the people" - are you kidding me or just stupid?  (Look at popularity of congress)  Why do you suppose some idiot would spend $10 million dollars or allot more  for a position that pays a $160 grand per year .... unless it gave them an opportunity to rob the public, all under the guise of being "legal".  You're dealing with psychopaths here.

f) risk is eliminated - wrong again (you raise the risk in the system anytime one uses "central planning" as the "few" cannot possibly understand all the unintended consequences - hence just how do you suppose we got here with credit default swaps, home ownership bubble, dollar devaluation ecetera  (these are all policies designed by central planners to run the market in a direction opposite of natural forces).

g) "infallible moral judgement of government regulators" - now I know you are either a communist, socialist, or just a brainwashed government shill.

you are a government shill.  Are you paid by the government to make these comments?  Are you one of these "intellectual" idiots at a university, who is supported by my tax dollars for something I would not hire a person to do?

Wed, 09/05/2012 - 20:36 | Link to Comment Overfed
Overfed's picture

That was some funny shit there!

Wed, 09/05/2012 - 20:48 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Come on now MDB is expressing "Eloquent Sarcasm"

Vote 1 MDB ....he cuts to the bone

He is my daily laugh and not the same planet as that other Wanker - Robo Troll (where is that smug fuck any way...... banned by his Mum from posting I guess)

Thu, 09/06/2012 - 00:48 | Link to Comment Shizzmoney
Shizzmoney's picture

We needed to bail out the banks, and that was unfortunate.

"We needed to bail out the people, and that was unfortunate."

What is "Things you will never hear from a Statist Liberal"?

I'll take: "Hypocritical Liberals", for $800, Alex Trebek.

Wed, 09/05/2012 - 13:59 | Link to Comment madcows
madcows's picture

Press Cntl P enough times and it will be.

Wed, 09/05/2012 - 14:30 | Link to Comment Dr. No
Dr. No's picture

No.  They need a script to run that.  Pressing CntlP a trillion times would break the finger, keyboard, and countless printers...Trillon is just too big for a mechanical device to handle.

Wed, 09/05/2012 - 15:41 | Link to Comment francis_the_won...
francis_the_wonder_hamster's picture

Pocket Change You Can Believe In.

Wed, 09/05/2012 - 14:22 | Link to Comment Bastiat009
Bastiat009's picture

Santelli cannot be right and he is annoying because he doesn't worship Barack and Michelle the most wonderful parents and the two best Chicago lawyers ever therefore a $16T debt is good.

Wed, 09/05/2012 - 14:24 | Link to Comment Bastiat009
Bastiat009's picture

I see that a majority of readers worship the Obamas too. I like Santelli better.

Wed, 09/05/2012 - 18:52 | Link to Comment Whiner
Whiner's picture

Good parents don't lose their law licenses. Father doesn't have hiested SS Card and forge Draft Card.

Wed, 09/05/2012 - 13:53 | Link to Comment Cdad
Cdad's picture

So...if I follow...a trillion is a large number....and following that discovery....16 trillion is...bigger?

Wed, 09/05/2012 - 14:12 | Link to Comment blunderdog
blunderdog's picture

Yeah, it's like...a HUNDRED times bigger!

Wed, 09/05/2012 - 14:14 | Link to Comment nope-1004
nope-1004's picture

lol, +16

Wed, 09/05/2012 - 14:42 | Link to Comment Nothing To See Here
Nothing To See Here's picture

It'll be like 911 times 100.

Omg, that's... yes... 91,100.

Wed, 09/05/2012 - 14:53 | Link to Comment The Continental
The Continental's picture

AMERICA!!!!  FUCK YEAH!!!!

Wed, 09/05/2012 - 14:36 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

 <--< YES

 <--< NO

slewie opinion poll:  should US Mint-produced gold and silver coinage be restored as LEGAL TENDER in the US as per the US Constitution and not subject to the fuking "collectibles" and OTHER TAXES?

yes or no? VOTE!

...please...  L0L!!!

Wed, 09/05/2012 - 13:53 | Link to Comment Temporalist
Temporalist's picture

Speaking of digital currency:

Bitcoin theft causes Bitfloor exchange to go offline

"One of the biggest Bitcoin currency exchanges has been taken offline after 24,000 units ($250,000; £157,800) of the virtual currency were stolen from its computer servers."

http://www.bbc.com/news/technology-19486695#sa-ns_mchannel=rss&ns_source...

 

Wed, 09/05/2012 - 14:05 | Link to Comment Pladizow
Pladizow's picture

Stick with GOLD & SILVER!!!!!!!!!!!!!!!!!!!!!!!!

Wed, 09/05/2012 - 16:23 | Link to Comment baltar
baltar's picture

 

Bitfloor just left their Bitcoin laying around on the floor basically, if you did that with gold or silver someone would take it from you as well.

Gold and Silver are great, but I can't pay my programmers in Jakarta with it, with Bitcoin in a few minutes my programmers know that I've paid them and they are happy, no stupid paypal, no wires, no banks.

Sure Bitcoin has it's issues, everything does, one thing that will fix a lot of these thefts is the new feature that requires multiple signatures for transfers of Bitcoins, of course you have to implement it, so who knows if people like this will.

 

 

 

 

 

Wed, 09/05/2012 - 14:14 | Link to Comment blunderdog
blunderdog's picture

Hah.  Hope they had a dye-pack on all that dough.

Wed, 09/05/2012 - 17:41 | Link to Comment Slightly Insane
Slightly Insane's picture

All they have to do is ..... steal it back?   It's all ones and zeroes ...... "rehypothecated ones and zeroes".

Wed, 09/05/2012 - 13:54 | Link to Comment rfaze
rfaze's picture

Money is never important.....When it's not yours.

Wed, 09/05/2012 - 14:02 | Link to Comment madcows
madcows's picture

Well, at about $140,000 per taxpayer, it is your money, I mean debt.

Thank you congress for your largesse.

Wed, 09/05/2012 - 14:10 | Link to Comment rfaze
rfaze's picture

Then I guess it is important.

Wed, 09/05/2012 - 14:11 | Link to Comment prains
prains's picture

at 286 days to go from 15 to 16 how many days to 17 and then 20?

Wed, 09/05/2012 - 14:19 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

$3,401,360,544 a day since the $15 trillion mark was passed on Movebmer 16, 2011 (294 days ago).  About $3,401,360,544 a day? 

 

 

Wed, 09/05/2012 - 17:45 | Link to Comment Slightly Insane
Slightly Insane's picture

fewer than 286 ..... and if interest rates rise ..... far, far fewer.  You will get to know exactly what "juice" is from.

It is logarithmic.

Wed, 09/05/2012 - 14:34 | Link to Comment jvetter713
jvetter713's picture

It's not mine...mark my words.

Wed, 09/05/2012 - 16:26 | Link to Comment Colonel Klink
Colonel Klink's picture

Well I stopped being a taxpayer about 3 years ago when I quit my job, handed the underwater house back to the bank, and took my 401k out of the markets.  Going Galt bitchez!  Fuck'em one and all!

I guarantee I'm not the only unintended consequence of bad monetary policy.  Who's willing to pick up my share of that debt now?

And the Feral Reserve wonders why things aren't recovering. Hahahahah

Wed, 09/05/2012 - 20:52 | Link to Comment Mentaliusanything
Mentaliusanything's picture

I didn't inherit that! somone else did (said as he reaches for the Jonny Walker)

Wed, 09/05/2012 - 13:55 | Link to Comment juicyfruit
juicyfruit's picture

system is filled with  a trillion lies and deceptions....bullish .buy evrything

Wed, 09/05/2012 - 13:56 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"Fresh from his vacation with Mickey and Minnie, CNBC's Rick Santelli is back and mind-blown at the total cognitive dissonance of the fact that we just broke through $16tn debt."

Wait until they double the debt in one fell swoop to pay for SS and Medicare. THEN you will see cognitive dissonance.

Wed, 09/05/2012 - 14:17 | Link to Comment NotApplicable
NotApplicable's picture

Nah, the true CD is when they double the debt, but don't bother to add it to the books, yet still claim they are squared.

All with a straight face.

Wed, 09/05/2012 - 13:56 | Link to Comment prains
prains's picture

1 trillion goats would do better than congress

Wed, 09/05/2012 - 14:11 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Potted Plant, 2012

Thu, 09/06/2012 - 03:40 | Link to Comment StychoKiller
StychoKiller's picture

Mr. Plant, what is yer position on abortion?

Are you gonna get to the root of the Gay Marriage issue?

Wed, 09/05/2012 - 14:12 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Graph the debt by year on an x & y axis.

Unless the U.S. truly slashes its budget by a genuine 25% (and that's just not going to happen so long as the government is as deeply captured as is now the case), in a decade 16 trillion will look as relatively small as our 3.5 trillion USD debt did in 2002.

What politicians now call "budget cuts" amount, at best, to a deceleration in the growth of spending, and at worst, a total lie that attempts to deny the fact that spending is still increasing in absolute terms.

The U.S. is spending 40% more than it takes in. There's absolutely zero indication that anything will change this pattern.

The debt will never be tackled until it has to be. And that's going to be a truly painful moment.

Wed, 09/05/2012 - 14:13 | Link to Comment lasvegaspersona
lasvegaspersona's picture

you dream

the debt will never be dealt with....the plan is hyperinflation....it has worked 56 times recently and it will work again...nominally you will be fine...

Thu, 09/06/2012 - 16:07 | Link to Comment TruthInSunshine
TruthInSunshine's picture

That's a fair point. I've not been able to model any scenario whereby the U.S. can service its interest payments on its debt, let alone retire any significant portion of the underlying debt, absent high inflation (aka currency debasement).

I may be overlooking something critically important in the new race-to-the-bottom/least-ugly-fiat-in-the-show global economy, however, and am keeping my mind open on the implications of the currency wars.

Wed, 09/05/2012 - 13:58 | Link to Comment jmcadg
jmcadg's picture

I think that is FUUUUUUUUUUUUUUUUCK! That's with 16 U's

Wed, 09/05/2012 - 13:58 | Link to Comment Bennyandthejets
Bennyandthejets's picture

Step 1) Balance the budget for one whole year

Step 2) Take it from there

Wed, 09/05/2012 - 15:10 | Link to Comment viahj
viahj's picture

Step 1) Pass a budget

Wed, 09/05/2012 - 13:59 | Link to Comment jmcadg
jmcadg's picture

MDB is back - more hilarity ensues!

Wed, 09/05/2012 - 14:00 | Link to Comment billwilson
billwilson's picture

Where was Santelli at $5 trillion, $6 trillion, $ 7 trillion .... a bit late to the party. Didn't Reagan say 'deficits don't matter", at least that is what Bush thought as he blew a balanced budget to fight two wars on the credit card and give tax cuts to the 1%.

Wed, 09/05/2012 - 14:11 | Link to Comment Ms. Erable
Ms. Erable's picture

Success - another village's idiot found!

Wed, 09/05/2012 - 14:13 | Link to Comment Milton Waddams
Milton Waddams's picture

In the late 90's / early 00's the Federal Reserve began worrying about the affect the surplus would have on Treasury debt outstanding and how a reduced supply might impact how the Fed conducts monetary policy.

A little bit of guns and butter later and the problem was averted

Wed, 09/05/2012 - 14:18 | Link to Comment blunderdog
blunderdog's picture

It was Dick Cheney who said deficits don't matter. 

He credited Reagan with that discovery, although it's likely a misattribution.  They did end up reversing some of the tax cuts enacted during Reagan's first term.

Wed, 09/05/2012 - 14:25 | Link to Comment bilejones
bilejones's picture

This is the lie that will not die.

Here is the history of the debt.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm

It has gone up every year since 1958.

Note:”Includes legal tender notes, gold and silver certificates, etc. ”

If you are reckoning debt you don’t just count the bank loans but the credit cards, iou’s, pawn tickets and the mob marker you’re paying the weekly vig on.

Wed, 09/05/2012 - 14:00 | Link to Comment buzzsaw99
buzzsaw99's picture

it's only clownbux

Wed, 09/05/2012 - 14:01 | Link to Comment Bastiat
Bastiat's picture

Wasn't it just revealed, in the Fed audit, that the Bernanke handed out just that amount, $16 trillion,  to the banksters, domestic and foreign? 

Wed, 09/05/2012 - 14:18 | Link to Comment NotApplicable
NotApplicable's picture

Yeah, but that's different!

Wed, 09/05/2012 - 14:22 | Link to Comment Bastiat
Bastiat's picture

I guess I'd need an Ivy League Econ Phd to understand.  I'm glad we have really smart people taking care of all this.

Wed, 09/05/2012 - 14:22 | Link to Comment madcows
madcows's picture

it's not REAL money.  It's electronic.  big difference.

Wed, 09/05/2012 - 14:03 | Link to Comment Bennyandthejets
Bennyandthejets's picture

Edit: In reference to deficit spending...I've said this for years, you lose your job, go and take the family to mom and dad's finished basement/spare room.  3000 square feet for all is a f'n joke.  Let brother's buy with brothers and split a house.  People adapt, they'll manage.

Wed, 09/05/2012 - 14:22 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

The people adapt, they'll manage crowd hasn't explained how they manage without food when oil scarcity keeps trucks from filling grocery store shelves.

And don't reply that "we used to get along without oil", because that was 1 billion people, not 7.

Wed, 09/05/2012 - 15:26 | Link to Comment Bennyandthejets
Bennyandthejets's picture

I am talking about adapting to losing ones job, bringing in less income, or no income at all.   Oil scarcity/depletion is another topic alltogether.  

Wed, 09/05/2012 - 15:29 | Link to Comment wagthetails
wagthetails's picture

not with this country's zoning and occupancy laws. 

Wed, 09/05/2012 - 14:02 | Link to Comment Snakeeyes
Snakeeyes's picture

Love Santelli. At least he isn't one of the "We are better off than we were 4 years ago" crowd.

Fed debt up 50% under Obama (although Bush was no slouch either).

http://confoundedinterest.wordpress.com/2012/09/03/obamas-record-on-the-...

Wed, 09/05/2012 - 14:05 | Link to Comment buzzsaw99
buzzsaw99's picture

CONgreff controls the pursestrings. LEAVE OBAMA ALONE!

Wed, 09/05/2012 - 14:16 | Link to Comment lasvegaspersona
lasvegaspersona's picture

are you the blonde who insisted we LEAVE BRITTANY ALONE?

Wed, 09/05/2012 - 14:23 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

If that is true, then credit for a surplus in 1999 goes to Congress, which was GOP controlled.

Wed, 09/05/2012 - 14:33 | Link to Comment buzzsaw99
buzzsaw99's picture

fine, i don't care who gets credit/blame for what

Wed, 09/05/2012 - 14:42 | Link to Comment DosZap
DosZap's picture

CONgreff controls the pursestrings. LEAVE OBAMA ALONE!

Sure they do, when they get a 2000+page Health Care Bill shoved up their, and our asses..................and 48hrs to digest it.

Plus da bitch can Veto it,correct?..............

 

Wed, 09/05/2012 - 14:44 | Link to Comment buzzsaw99
buzzsaw99's picture

racist :P

Wed, 09/05/2012 - 14:02 | Link to Comment time2blowitup
time2blowitup's picture

If you could punch ONE central banker in the face who would it be??

Wed, 09/05/2012 - 14:04 | Link to Comment Meesohaawnee
Meesohaawnee's picture

blankfuck.. hes got a jerkface

Wed, 09/05/2012 - 14:29 | Link to Comment pndr4495
pndr4495's picture

The man bears a striking resemblance to Wallace Shawn's character of Vizzinni in the movie "The Princess Bride."

Wed, 09/05/2012 - 14:05 | Link to Comment jmcadg
jmcadg's picture

Can I choose Jamie Dimon instead. That fucker needs the shit kicked out of him.

Wed, 09/05/2012 - 14:27 | Link to Comment azzhatter
azzhatter's picture

It would be fun to mess up pretty boy Dimon's face. Blankfuck is already an ugly fucker

Wed, 09/05/2012 - 14:06 | Link to Comment buzzsaw99
buzzsaw99's picture

can we choose a central banker's mama?

Wed, 09/05/2012 - 14:21 | Link to Comment madcows
madcows's picture

pick his daddy and punch him in the berries.  make sure he doesn't reproduce.

Wed, 09/05/2012 - 14:06 | Link to Comment magpie
magpie's picture

long bernanke doppelgaengers

Wed, 09/05/2012 - 14:08 | Link to Comment Inthemix96
Inthemix96's picture

One fucking banker?????

How 'bout all fucking bwankers?

And here, I am at the front of the fucking cue, with a nice big bat.  Cunts

Wed, 09/05/2012 - 16:32 | Link to Comment vato poco
vato poco's picture

Pound 'em in the gut with a sack of oranges. They'll never shit right again.Or if you wanna get creative, break both the arms. They'll be unable to feed themselves, dress themselves, wipe themselves, scratch their nose when it itches....bitter will be their tears.

Wed, 09/05/2012 - 14:19 | Link to Comment Dr. Engali
Dr. Engali's picture

That's easy William Patterson...the father of them all.

Wed, 09/05/2012 - 14:28 | Link to Comment azzhatter
azzhatter's picture

Fuck You Bernanke I would like to kick you in the dick until you cry like a sissy

Wed, 09/05/2012 - 14:37 | Link to Comment “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

I'd like to gouge Jon Corzine's eyes out with a sand wedge, then socket fuck him until I'm exhausted and need a nap.

Wed, 09/05/2012 - 14:04 | Link to Comment pdl
pdl's picture

Slightly off topic question:  why is marketwatch running headlines like "euro rallies on bond-buy talk"

 

Surely printing euros is a negative for the currency?

Wed, 09/05/2012 - 14:25 | Link to Comment Nobody For President
Nobody For President's picture

It's gonna be 'sterilized' bond-buying, silly. No printing involved.

That's what Draggy said, and we believe it!

Wed, 09/05/2012 - 14:05 | Link to Comment Boilermaker
Boilermaker's picture

A trillion is not a big number.

A Quintillion is a big number!!  Everyone knows that.

Wed, 09/05/2012 - 14:10 | Link to Comment Brazillionaire
Brazillionaire's picture

A brazillion is even bigger. Google it.

Wed, 09/05/2012 - 14:55 | Link to Comment kito
kito's picture

this whole to-do about a trillion being a "tremendous number" is misplaced. a trillion may be a big number, but the federal governments revenue is over 2 trillion a year and the gdp is 15 trillion a year. its not as if a trillion dollars is some unheard of sum..........the problem is the debt is 7x the revenue, and interest on the debt is increasingly eating away at the revenue...........................and there are hundreds of trillions in unfunded liabilities. now hundreds of trillions......thats a big sum.........

Wed, 09/05/2012 - 14:05 | Link to Comment ptoemmes
ptoemmes's picture

I wonder if it will all blow up before the first Trillion Dollar PowerBall?

Wed, 09/05/2012 - 14:19 | Link to Comment madcows
madcows's picture

If my odds of winning are still 1 in 175 million, then I'm throwing a trillion at it.  cash money.  I can buy one of every combo and it will only cost me an hour's wages.

Wed, 09/05/2012 - 18:28 | Link to Comment BeerBrewer09
BeerBrewer09's picture

If I won that, I'd buy nothing but silver.

Wed, 09/05/2012 - 14:06 | Link to Comment Meesohaawnee
Meesohaawnee's picture

because market watch is one of the many paid propaganda machines... dont believe a word they say. except Farrell. hes the only one who has a clue.

Wed, 09/05/2012 - 14:09 | Link to Comment LouisDega
LouisDega's picture

Carl Sagan x 1000

Wed, 09/05/2012 - 14:12 | Link to Comment Brazillionaire
Brazillionaire's picture

Carl just didn't think big enough! "Billions and billions" is so 1980's.

Wed, 09/05/2012 - 14:20 | Link to Comment Lore
Lore's picture

 

 

Santelli rants, and honest analysts wail and gnash, but 1) who is really listening AND UNDERSTANDING, 2) who CARES, 3) who in the pathocracy is going to do one right thing?

You watch that video and consider its full ramifications, and intelligent people here can quibble about details, but the most important point that even Santelli seems afraid to stress is that THE GAME IS OVER ALREADY. THE SYSTEM IS COLLAPSING ALREADY. THERE IS NO GOING BACK. It's just a matter of time before the breakdown manifests at street level. God help us, because "regulators" sure didn't.

Wed, 09/05/2012 - 14:24 | Link to Comment blunderdog
blunderdog's picture

I think the plan is to try to run out the clock that's counting down to the next World War.

If the US gummit manages to keep the citizens subdued/placated until AFTER the Eurozone and China burst into flames, they can probably strongarm some new global financial hegemony.  It was a simple enough plan to come up with even way back in '08.

Wed, 09/05/2012 - 14:27 | Link to Comment Lore
Lore's picture

 

 

You make a good point. Henceforth, replace the word "Regulator" with "Enabler." 

The wheels have been greased for something TERRIBLE.

Wed, 09/05/2012 - 14:18 | Link to Comment Brazillionaire
Brazillionaire's picture

I have an aunthentic Zimbabwe one hundred trillion dollar bill that I am willing to use to pay off the nation's debt, since I am a fine patriot. But I want my change back. I'll take half of it in nickles if you don't mind.

Wed, 09/05/2012 - 14:19 | Link to Comment Vincent Vega
Vincent Vega's picture

Santelli left out my favorite: If you tied lead weights to all the bankster's and put them at the bottom of the sea; sea level would rise 1 trillionth of an inch. No really, it would. Please, try it.

Wed, 09/05/2012 - 14:21 | Link to Comment bilejones
bilejones's picture

In other news

"Tax Court Rejects Geithner/Turbo Tax Defense"

http://taxprof.typepad.com/taxprof_blog/2012/09/tax-court-rejects-geithn...

 

It's not crime when we do it.

 

Wed, 09/05/2012 - 14:23 | Link to Comment IridiumRebel
IridiumRebel's picture

FOOTBALL!!!!!!!

 

Wait, what were we talking about? Something involving my children and debt slavery? OH! The nachos are ready. MMMMMMMM......NACHOS.

Wed, 09/05/2012 - 14:28 | Link to Comment Nobody For President
Nobody For President's picture

And beer - don't forget the beer.

Wed, 09/05/2012 - 14:36 | Link to Comment IridiumRebel
IridiumRebel's picture

BEER BATTERED NACHOS AND FEAR BATTERED CHILDREN!!!!!!!!

FOOTBALL!!!!!!!!!!

Wed, 09/05/2012 - 16:20 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

FOOTBALL!!!!

Bread (food stamps) and Circuses (50 Shades of Gray for females, FOOTBALL!!!! for males) in the 21st century.

Wed, 09/05/2012 - 14:32 | Link to Comment GlomarHabu
GlomarHabu's picture

To:     Ar-Pharazon

You were right and I was wrong regarding who attacked who re: Iran/Iraq in this mornings spirited discussion on nukes etc.

Good catch, my bad.

Habu

Wed, 09/05/2012 - 14:38 | Link to Comment johnnymustardseed
johnnymustardseed's picture

Santelli didn't care about a three trillion when Bush started the Iraq war, and he did not care about $140 billion when GE the parent of CNBC was bailed out to save his job. So fuck you two face!

Wed, 09/05/2012 - 14:46 | Link to Comment Brokenarrow
Brokenarrow's picture

for the record, santelli is a cnbc whore. he's the "fair and balanced" offset. he would suck paulson's dick for $1. dont be fooled by this bs. im even starting to wonder about zh. i have lost 500k listening to their daily gloom and doom. opinions are cheap!

Wed, 09/05/2012 - 15:00 | Link to Comment Winston of Oceania
Winston of Oceania's picture

Sometimes gamblers win and sometimes they lose. When you borrow 1.x trillion every year and blow it to keep the economy from correcting a market will no longer function as it once did. No one knows how long the chirade will last but it always lasts longer than one might imagine. Don't blame anyone but yourself for losses in this casino, except maybe the people who are keeping interest rates at zero FORCING casino participation for yield.

Wed, 09/05/2012 - 15:50 | Link to Comment sdmjake
sdmjake's picture

Why are you taking MDB's investment comments as ZH advice???

Wed, 09/05/2012 - 15:02 | Link to Comment BrettFavre
BrettFavre's picture

rick santelli is a moron... here is a must read article 

http://www.businessinsider.com/how-bill-clintons-balanced-budget-destroyed-the-economy-2012-9

 

 

Wed, 09/05/2012 - 15:14 | Link to Comment Seasmoke
Seasmoke's picture

M-I-C.........SEE YOU REAL SOON

K-E-Y........WHY BECAUSE WE LIKE YOU

M-O-U-S-E

Wed, 09/05/2012 - 15:14 | Link to Comment yogibear
yogibear's picture

So, on to $20 trillion soon. As the first lady says momey doesn't matter, she have Benny Bernanke print some more up.

In the mean time Moodys and Fitch continue to rate the US credit as excellent. 

Moody's and Fitch were bankster whores when  the CDS garbage was rated as AAA. Now their whores again.

 

Wed, 09/05/2012 - 15:47 | Link to Comment Seasmoke
Seasmoke's picture

only things i remember from that girl are

1. she wasnt proud to be an American

2. i should eat better, even though she weighs more than me

 

and now 3. money does not matter

Wed, 09/05/2012 - 15:18 | Link to Comment flacorps
flacorps's picture

The Oogieloves' box office take was an extremely small number ... which proves that in a year when movie attendance was already down, product lacking a clear franchise is product nobody's willing to take a chance on.

People are broke. They barely go to the movies anymore, and when they do they expect top-quality entertainment and are not willing to go to something second or third-tier, even for a matinee showing.

The $16,000,000,000,000 number matters, but not so much as the $8 that isn't leaving the public's pocket because the public isn't doing well.

Fix the latter, and the former becomes academic. Fail to fix the latter, and the former is just one more weight crushing down on the people.

Wed, 09/05/2012 - 15:46 | Link to Comment Poetic injustice
Poetic injustice's picture

Trillion? That's soooooo 20th century!

Wed, 09/05/2012 - 15:55 | Link to Comment Uncle Remus
Uncle Remus's picture

I keep my spare change in a big plastic jar labeled "Change You Can Believe In". CYCBI and I are headed to the credit union to offset the cost of the car battery I just had to replace.

Wed, 09/05/2012 - 16:27 | Link to Comment technicalanarchy
technicalanarchy's picture

I guess a trillion is still a big number. Zimbabwe kinda took some of the luster out of it. 

It does completely amaze me how much money $20.00 is and a million dollars isn't.

Wed, 09/05/2012 - 16:41 | Link to Comment ohreally
ohreally's picture

tick tock tick tock, up goes the debt clock

where it stops no one knows, though it'll likely be when it implodes

Wed, 09/05/2012 - 16:47 | Link to Comment dugorama
dugorama's picture

In a good year American Express (a Dow Jones 30 company) posts profits of $2.5 bln.  So, it only takes 400 American Expresses to make $1Trillion.  No problem, huh?  We must have what?  millions of companies like that?  No?  Thousands? Hundreds?  30?

Wed, 09/05/2012 - 17:01 | Link to Comment Pairadimes
Pairadimes's picture

16 trillion seconds ago, the last of the Neanderthals was dying out. Except those who today are operating the Fed and the other instruments of state, of course.

Wed, 09/05/2012 - 17:18 | Link to Comment Arbysauce
Arbysauce's picture

Meh.  How about everyone over 18 would have to slave for almost 2 years at median incomes to pay it off.  Why doesn't Mr. Creosote blow up already.  

Wed, 09/05/2012 - 18:51 | Link to Comment Tombstone
Tombstone's picture

Don't like money?  The Bammer makes $50-100,000 a month selling put options.  Mamma O is lying to protect her hubby again.

Wed, 09/05/2012 - 19:39 | Link to Comment The Alarmist
The Alarmist's picture

What's the fuss???  a Trillion is the new Billion.

Nothing to see here ... back to your oar, slave.

Wed, 09/05/2012 - 21:16 | Link to Comment egoist
egoist's picture

I have grown to prefer "a million million" to a trillion; 16 million million $s of popularly known national debt.

 

Obama's a shit bag and all, but what-up with congress? How is it that an out of control nut gets the blame when 20 20s legislatures get so little blame?

Wed, 09/05/2012 - 21:54 | Link to Comment blunderdog
blunderdog's picture

People who are focused on slinging blame generally prefer to find a single person. 

Guess it's just never as satisfying to say "it's THEIR fault!" as it is to say "it's HIS fault!"

Sat, 09/08/2012 - 01:05 | Link to Comment lin3694
lin3694's picture

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Sun, 09/09/2012 - 13:02 | Link to Comment rbblum
rbblum's picture

SIXTEEN TRILLION in US debt ?  Sooner or later we will all know the definitive experience of unitended consequences . . . . though they will all be the natural components of the natural laws of economics.

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