Rick Santelli to Liesman- How Long Can Anybody Borrow 42 Cents of Every Dollar They Spend

[meltdown53]

Want a balanced budget? Stop entitlements and I don't mean the Soc. Sec. and Medicare I've been paying for for 40+ years. I mean food stamps, welfare checks and free healthcare (at my expense) to everyone to lazy to get off their backsides and get a job. No more freebies to illegal aliens. No more money to IMF or the UN. No more relief money to anyone in the world except Americans who have lost everything to fires, floods and tornadoes.

[TheJonasFrimodt]

" it would be incredibly bullish if i could win the lotto " HHAHAHAHAHAHAHAHAHAHAHA santelli is the maaaan

[RicPhlare]

Liesman sounds dumber the more he talks. At 7:25 - "We can essentially print money to meet our debts...". What a fool. The ponzi scheme won't even last until 2026.

[littlebear2211]

Santelli has it right. This guy understands the market and has blatant common sense. Besides, If they (The IMF) sets the currencies, what does the dollar really represent. I think it's playdough and the markets are manipulated and they're going to trash the old currency system when volatility becomes the norm.

[jakesteel1]

Anyone in the US who is old enough to vote or donate, please consider supporting Ron Paul. He has been warning us on the debt, borrowing and inflation issue ever since the US discontinued the gold standard.

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Give the man 1 chance.

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Lets say Ron Paul is elected as President and lets say his policies do not work as well as expected. Fine.

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There will be a hundred establishment Republicans and Democrats to take his place and return us to our current state of decline.

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Give real change a chance.

[straty01]

@jakesteel1 'sigh'.....I think Washington itself is so corrupted even Jesus could not fix it, Obama was change and he has spent more, killed more, all any president is, is a puppet. The real power is not from government, it is the military/industrial/banking complex, the Rockefeller faction and so on. Instead of looking outwards for change we must all look within, real change never comes from government, it comes from the people themselves, when was the last time a western society stood up?

[roseagain2]

I was wondering where you went. Subscribing again.

[mindrapeart]

massive head trauma.

[longtrader782]

This Clip is from March 2011, I will be uploading more recent clips as they come in, but this was one my favorites.

[longtrader782]

I have completely turned and become and an inflationist. I will be uploading more clips of our favorite people. So please make sure you subscribe to this channel and my blog, where i will start updating once a week or so.

[dv2012]

@longtrader782 It takes a big man to admit a mistake.

While the market forces after credit/debt crunch are necessary deflationary, any bets on inflation/deflation are essentially bets on the Fed's response to deflationary market forces. Will it, or will it not, print vast amounts of money to inflate its way out of debt? Because democracies necessarily involve a system where parliament members wish to be reelected, they tend to pick inflationary solutions to debt problems.

[straty01]

@longtrader782 shit dude, I'm gonna have to trade against you now, its worked well so far......., only joking!! The market is just so fake right now. Marc Faber has been calling for a correction for 3 months now, he is one of the best. What about all those empty chinese cities, over leveraged against the commodities market? Its all fake fake fake, how can the FED rig the market? Its unsustainable. Europe is a basket case.

And yes, it takes a big man, a smart man to admit a mistake, kudos 2 u

[WesSeid]

@straty01 If Marc Faber has been calling for a correction for 3 months, does that mean he's been wrong for 3 months?

[straty01]

@WesSeid ha ha, I suppose so, at least the Chinese will get some use out of the empty cities,eventually, derivatives on the other hand are a complete illusion of mass destruction