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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 | 2765104 BaBaBouy
BaBaBouy's picture

Trillion Pocket Change

Wed, 09/05/2012 - 13:55 | 2765126 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 | 2765140 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 | 2765173 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 | 2765197 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 | 2765241 economics9698
economics9698's picture

MDB did good today.

Wed, 09/05/2012 - 14:28 | 2765311 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 | 2765319 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 | 2765407 JPM Hater001
JPM Hater001's picture

Nigel and Rick should have a baby...

Wed, 09/05/2012 - 15:19 | 2765495 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 | 2765509 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 | 2767260 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 | 2765484 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 | 2766494 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 | 2766621 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 | 2765209 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 | 2765595 Chuck Walla
Chuck Walla's picture

love MDB's performance art.

He keeps forgetting the /sarc.

 

FORWARD SOVIET!

Wed, 09/05/2012 - 19:38 | 2766295 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 | 2765142 Pladizow
Pladizow's picture

YAWN.

Wed, 09/05/2012 - 13:58 | 2765143 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 | 2765185 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 | 2765154 sm0k4
sm0k4's picture

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

Wed, 09/05/2012 - 14:11 | 2765219 lasvegaspersona
lasvegaspersona's picture

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

Wed, 09/05/2012 - 14:12 | 2765230 Xibalba
Xibalba's picture

what the hell are you talking about?!?!

Wed, 09/05/2012 - 15:08 | 2765459 BeetleBailey
BeetleBailey's picture

Fuck You douchebag MDB....period.

Wed, 09/05/2012 - 16:38 | 2765737 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 | 2765875 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 | 2766499 Overfed
Overfed's picture

That was some funny shit there!

Wed, 09/05/2012 - 20:48 | 2766522 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 | 2767030 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 | 2765159 madcows
madcows's picture

Press Cntl P enough times and it will be.

Wed, 09/05/2012 - 14:30 | 2765325 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 | 2765564 francis_the_won...
francis_the_wonder_hamster's picture

Pocket Change You Can Believe In.

Wed, 09/05/2012 - 14:22 | 2765108 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 | 2765287 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 | 2766132 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 | 2765112 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 | 2765233 blunderdog
blunderdog's picture

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

Wed, 09/05/2012 - 14:14 | 2765243 nope-1004
nope-1004's picture

lol, +16

Wed, 09/05/2012 - 14:42 | 2765365 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 | 2765408 The Continental
The Continental's picture

AMERICA!!!!  FUCK YEAH!!!!

Wed, 09/05/2012 - 14:36 | 2765349 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 | 2765114 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 | 2765207 Pladizow
Pladizow's picture

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

Wed, 09/05/2012 - 16:23 | 2765700 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 | 2765239 blunderdog
blunderdog's picture

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

Wed, 09/05/2012 - 17:41 | 2765904 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 | 2765121 rfaze
rfaze's picture

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

Wed, 09/05/2012 - 14:02 | 2765181 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 | 2765217 rfaze
rfaze's picture

Then I guess it is important.

Wed, 09/05/2012 - 14:11 | 2765226 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 | 2765265 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 | 2765915 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 | 2765342 jvetter713
jvetter713's picture

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

Wed, 09/05/2012 - 16:26 | 2765691 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 | 2766534 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 | 2765125 juicyfruit
juicyfruit's picture

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

Wed, 09/05/2012 - 13:56 | 2765130 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 | 2765250 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 | 2765134 prains
prains's picture

1 trillion goats would do better than congress

Wed, 09/05/2012 - 14:11 | 2765221 HelluvaEngineer
HelluvaEngineer's picture

Potted Plant, 2012

Thu, 09/06/2012 - 03:40 | 2767280 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 | 2765145 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 | 2765236 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 | 2769272 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 | 2765148 jmcadg
jmcadg's picture

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

Wed, 09/05/2012 - 13:58 | 2765150 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 | 2765471 viahj
viahj's picture

Step 1) Pass a budget

Wed, 09/05/2012 - 13:59 | 2765160 jmcadg
jmcadg's picture

MDB is back - more hilarity ensues!

Wed, 09/05/2012 - 14:00 | 2765167 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 | 2765227 Ms. Erable
Ms. Erable's picture

Success - another village's idiot found!

Wed, 09/05/2012 - 14:13 | 2765234 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 | 2765255 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 | 2765293 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 | 2765169 buzzsaw99
buzzsaw99's picture

it's only clownbux

Wed, 09/05/2012 - 14:01 | 2765171 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 | 2765260 NotApplicable
NotApplicable's picture

Yeah, but that's different!

Wed, 09/05/2012 - 14:22 | 2765273 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 | 2765274 madcows
madcows's picture

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

Wed, 09/05/2012 - 14:03 | 2765175 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 | 2765276 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 | 2765522 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 | 2765528 wagthetails
wagthetails's picture

not with this country's zoning and occupancy laws. 

Wed, 09/05/2012 - 14:02 | 2765177 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 | 2765195 buzzsaw99
buzzsaw99's picture

CONgreff controls the pursestrings. LEAVE OBAMA ALONE!

Wed, 09/05/2012 - 14:16 | 2765246 lasvegaspersona
lasvegaspersona's picture

are you the blonde who insisted we LEAVE BRITTANY ALONE?

Wed, 09/05/2012 - 14:23 | 2765284 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 | 2765337 buzzsaw99
buzzsaw99's picture

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

Wed, 09/05/2012 - 14:42 | 2765362 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 | 2765369 buzzsaw99
buzzsaw99's picture

racist :P

Wed, 09/05/2012 - 14:02 | 2765184 time2blowitup
time2blowitup's picture

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

Wed, 09/05/2012 - 14:04 | 2765194 Meesohaawnee
Meesohaawnee's picture

blankfuck.. hes got a jerkface

Wed, 09/05/2012 - 14:29 | 2765320 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 | 2765202 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 | 2765306 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 | 2765205 buzzsaw99
buzzsaw99's picture

can we choose a central banker's mama?

Wed, 09/05/2012 - 14:21 | 2765271 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 | 2765211 magpie
magpie's picture

long bernanke doppelgaengers

Wed, 09/05/2012 - 14:08 | 2765216 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 | 2765721 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 | 2765264 Dr. Engali
Dr. Engali's picture

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

Wed, 09/05/2012 - 14:28 | 2765316 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 | 2765354 “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 | 2765192 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 | 2765296 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 | 2765201 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 | 2765218 Brazillionaire
Brazillionaire's picture

A brazillion is even bigger. Google it.

Wed, 09/05/2012 - 14:55 | 2765414 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 | 2765203 ptoemmes
ptoemmes's picture

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

Wed, 09/05/2012 - 14:19 | 2765266 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 | 2766054 BeerBrewer09
BeerBrewer09's picture

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

Wed, 09/05/2012 - 14:06 | 2765206 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 | 2765213 LouisDega
LouisDega's picture

Carl Sagan x 1000

Wed, 09/05/2012 - 14:12 | 2765228 Brazillionaire
Brazillionaire's picture

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

Wed, 09/05/2012 - 14:20 | 2765252 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 | 2765290 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 | 2765300 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 | 2765257 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 | 2765262 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 | 2765270 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 | 2765277 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 | 2765307 Nobody For President
Nobody For President's picture

And beer - don't forget the beer.

Wed, 09/05/2012 - 14:36 | 2765348 IridiumRebel
IridiumRebel's picture

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

FOOTBALL!!!!!!!!!!

Wed, 09/05/2012 - 16:20 | 2765687 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 | 2765331 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 | 2765352 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 | 2765376 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 | 2765435 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 | 2765597 sdmjake
sdmjake's picture

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

Wed, 09/05/2012 - 15:02 | 2765440 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 | 2765479 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 | 2765482 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 | 2765583 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 | 2765489 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 | 2765582 Poetic injustice
Poetic injustice's picture

Trillion? That's soooooo 20th century!

Wed, 09/05/2012 - 15:55 | 2765619 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 | 2765708 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 | 2765743 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 | 2765763 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 | 2765799 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 | 2765851 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 | 2766127 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 | 2766303 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 | 2766593 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 | 2766699 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 | 2773985 lin3694
lin3694's picture

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Sun, 09/09/2012 - 13:02 | 2776293 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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