Rick Santelli: Ranting, But Still The Voice Of Reason

[lordhighexecutioner]

Santelli knows nothing about the monetary system. Creditors force them? Interest rates are as low as ever and they're buying treasuries. The debt to gdp ratio of Japan is far higher, has been for over a decade, they still sell treasuries with low interest. Even if they don't buy there's the option for the Fed to buy the treasuries and default is impossible under a fiat currency. He just wants to kill the poor. That's the only method to his madness.

[lordhighexecutioner]

What have currency speculators and hedge fund managers produced to deserve billions of dollars in bonuses - what "fish" are they reeling in for society and why do they have the right to claim so much of this "fish" for themselves? As long as the elite want a reserve army of unemployed many people won't have any chance to fish at all and this is to keep wages down, to drive people closer to a state of slavery, to more of fruits of their labour are skimmed off and taken from them.

[cmpm439]

they redistributed property taxes rather than using them for basic services. redistribution only ripples. it is the same as if the business expanded it's plant but never put it into production. the only benefit would be the ripple of money that passed on to the contractor who built the plant. no jobs created. no product added to society. no economic expansion, just passing the same money down the line until diluted, totalling 70% ripple according to imf. if it's borrowed money, we lose 30 cents.

[cmpm439]

it is as simple as the old axiom, give a man a fish, he will eat for a day. give a man a fish and he will eat for life. when the fed takes business profit to redistribute, it feeds a man for a day. when a business keeps it's profits and expands it's operations, it provides a job that feeds a man for life and puts additional product out into the community. rather than sharing one pie, it is much better to create many pies. this isn't rocket science. why do the marxists never seem to learn?

[cmpm439]

oops. give a man a fish and he eats for a day. give a man a fishing pole and he eats for life.

[cmpm439]

amen, rick santelli. for all we have spent, we should have a 21st century infrastructure and zero unemployment. redistribution just ripples. fed employment rarely adds to production and even if it did who wants big business with taxing, policing, and lawmaking powers. even the jobs that add to the nation's production see very little of the investment after it is run through the washington sewer. a positive business climate coupled with business wealth means investment and jobs without debt.