Rick Santelli Tells The Truth AGAIN
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-05-31 14:46
by Karl Denninger
in Other Voices
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Rick Santelli Tells The Truth AGAIN
 

Watch at 3:30 or so into this clip.  Pay careful attention; this is the truth -- the compare this truth against what so-called "Tea Partiers" tell you.

Those that don't speak to this truth are liars and frauds and must be expelled and shunned.

http://video.cnbc.com/gallery/?video=3000093397&play=1

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User Info Rick Santelli Tells The Truth AGAIN in forum [Market-Ticker]
Marvinmartian
Posts: 746
Incept: 2011-03-16
Green
Pasadena, CA
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Its a lonely path to take, but I'm urging my friends and family to shun the TBTF banks.

There are lots of credit union alternatives. Most people dont consider the TBTF banks as evil the way I do.

Anyone have a more effective argument?

Reason: add qualifier
Donethat
Posts: 770
Incept: 2009-04-22

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Santelli jumps the meteorite that is going to hit the earth. KUDOS
Themortgagedude
Posts: 8841
Incept: 2007-12-17
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saint louis
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Damn shame that you can't put Karl and Rick in a room and let them figure this mess out. Not that anyone would follow their advice anyway.

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I'm already visualizing you with duct tape over your mouth.
Flappingeagle
Posts: 1224
Incept: 2011-04-14

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Quote:
A large swath of the globe is basically insolvent.


Now there is some truth. The only way the US isn't insolvent is that most of its governmental promises are not contracts so they can be reneged on at will with to recourse for those left holding the empty bag(s).

The role of the little guy is to be the empty bag holder.

That is the crux of everything now from what I can see. I spend my time thinking of two things, how can I not be the empty bag holder and, how might I actually gain during the coming ****-storm. In reality I spend most of my time on the former and little on the latter.

Good luck to all;

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
Rutben
Posts: 1414
Incept: 2007-07-27
A True American Patriot!
Phoenix, AZ
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"Those that don't speak to this truth are liars and frauds and must be expelled and shunned".

Bill Black on Alyona Show today explains that he has been "unfriended" by congress. Starts around 7:30. Encouraging though that "like minded" individuals are now formally getting together to get the truth out.

http://rt.com/programs/alyona-show/black....
Steelhead23
Posts: 2037
Incept: 2008-09-09
Green
Portland OR
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I must be perverse. When Santelli is talking about a systemic collapse, I cheer. At the same time, I weep. It would be tough to hold up my "Told ya so!" sign while begging for food.

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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
Pika-steph
Posts: 54691
Incept: 2007-09-11
Gold A True American Patriot!
Live Free Or Die; US Army Est. 1775
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Quote:
Bill Black on Alyona Show today explains that he has been "unfriended" by congress. Starts around 7:30. Encouraging though that "like minded" individuals are now formally getting together to get the truth out.
'Bout ****ing time. We tried to initiate something like that over 3 years ago and were rebuffed.

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
inline
"The only regulation that really works is failure."--Rick Santelli
Rutben
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A True American Patriot!
Phoenix, AZ
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"3 years ago".....4 years ago. Time flies when you're having fun. Maybe we should have a reenactment of the "toilet bowl" protest on the 4 year anniversary (July 10, 2008?) and invite Black to be guest speaker.
Options
Posts: 152
Incept: 2007-09-03
Gold
Chicago
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Santelli is a friend from the floor. You should hear him not on camera. I pass him in the hall nowadays and just say, WTF Rick? He's like, yes, WTF are they doing?

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I think we should drink, heavily.
Buddy
Posts: 157
Incept: 2008-10-25
Gold
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Simon would make a great PR person for a hospital: "our comatose patient in the icu may have a poor prognosis, but we are keeping his vitals normal, and his potassium level normalized today "
Genesis
Posts: 130663
Incept: 2007-06-26
Admin A True American Patriot!
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Yes! Toilet bowl!!!

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Jslique
Posts: 464
Incept: 2008-07-28
Silver
Melbourne
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Define not insolvent.
16 Trillion in debt borrowing 1.5 trillion every year on a 2.0 trillion current income. To me that is insolvent but then again brainier people than me tell me its not.
Sadly most of the world has done it to support a lifestyle we think we deserve. while shifting our productive work to other countries. Only makes you feel all warm and fuzzie for a short while though.
Gates
Posts: 6258
Incept: 2008-01-29
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Scottsdale
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That "warm and fuzzy" is gonna turn into a fiery road rash when the wheels come flying off this piece of **** farce...
Jonesapple10
Posts: 379
Incept: 2010-11-09
Green
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Not that I've felt good about things lately, but it seems this last 2 weeks has been especially bad. Perhaps we're finally entering the meltdown stage.
Rutben
Posts: 1414
Incept: 2007-07-27
A True American Patriot!
Phoenix, AZ
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"Yes! Toilet bowl!!!"....I'll be there in a heartbeat if we could get Black (and everyone in his group), Tavakoli, Whalen, etc. all to agree to come. The highlight will be a special guest appearance by Lauren Lyster, who is already there. Wonder if we could get them up to speed on the original protest in time for them to seriously consider appearing.....corner of the Cannon Bldg. Obama et al wants some transparency so we should show them how it's done.
Widgeon
Posts: 13481
Incept: 2007-08-30
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Region formerly known as the United States
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I'm sure they aren't driving the price of gasoline down because everything's rosy. That's an easy means to shift some consumption dollars to elsewhere in the economy.
Jonesapple10
Posts: 379
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Quote:
I pass him in the hall nowadays and just say, WTF Rick? He's like, yes, WTF are they doing?


you should tell him he has a BUNCH of fans on the Ticker - he is the only reason I can stomach CNBC. I hope one day he hits Liesman over the head with, well, anything.
Mgpacher
Posts: 141
Incept: 2011-03-03

Indiana
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What do "Tea Partiers" tell us? Do they tell us something more rosy than regular Republicans? Or regular Democrats? Or any other political group or faction?
Jack_crabb
Posts: 2396
Incept: 2010-06-25
Gold
Peoples' Republik of Maryland
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+1 Jonesapple.

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Molon Labe

Where is Henry Bowman when you need him?
Crzymorse
Posts: 1183
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Maryland
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Happy to go over here.
Bullionaire
Posts: 2220
Incept: 2007-12-21
Silver A True American Patriot!
Fear The People
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It is 4 years....I still have 2 "Stop The Looting And Start Prosecuting" bumper stickers left.....collectors items at this point.......

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"Anytime a financial company can take your hard earned money and keep it for decades without promising a set return, and even penalize you for early withdrawal it is a con. America has been conned by the whole 401K concept." - Ignorance Is Bliss, from a ZH comment section


Tarmoney
Posts: 335
Incept: 2008-01-23
Gold A True American Patriot!
LI, NY
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Got mine...
Inline

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"Then have a recession. It's a financial enema for a sick animal." - Rick Santelli
I really can't wait to see all these guys twist on the rope... -me
smiley
smiley
Options
Posts: 152
Incept: 2007-09-03
Gold
Chicago
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Rick is well aware of the Ticker Forum and his fans here, I assure you. I have personally delivered Tickers to him. He never speaks ill of anyone. Even when I have prodded him on Liesman he says he's not a bad guy, he just doesn't know what he's talking about. I say Liesman is full of ****.

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I think we should drink, heavily.
Jonesapple10
Posts: 379
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Quote:
Even when I have prodded him on Liesman he says he's not a bad guy, he just doesn't know what he's talking about


I'm not surprised - he seems like a truly decent guy (Rick that is).
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