2009-07-16 CNBC: You Owe Investors An Apology

[badsign1980]

its like owning the casino, employees, machines are all rigged, and they still can do the hardest thing that is loosing money and when they do they say to the gov. or you pay for our fuck up and greed or we will crash the market with our manipulations and speculation and all our dirty little friends too... goldman sacks is like jewish nightmare come to light its jewish behaviour at its most exposure, like a decease that makes system convulse with high fevers and takes arsenic for medicine

[badsign1980]

gm and ge where long time owned by rothschilds agents they dumped the companies and took with profits on the gov goldman sacks are bunch loosers that can only win while corrupting the whole gov of usa and making laws and having not only inside info on gov and companies but also the green light for market manipulations in the real world goldman they would be bankrupted in the first year they are bunch shit crusted jews not even if u have a rigged game u too can win, only in the usa this crap

[MrPigNuts]

Look Karl, you could not trade your way out of a wet paper bag.

You think because you punched your lottery ticket & cashed out on a tech bubble it makes you special?

You should wake every morning & kiss the ass of Goldman & the like for permitting you to gargle with their toilet water. Guys like you are a dime a dozen.

What I would give to have watched you piss yourself when the news broke on Roubini. Your spewing of hot air is sickening.

[Stringbender666]

BRAVO!

[ragratt]

lol. this is great

[seeya30]

look its a kool aid drinker. Mr Pig Nuts your a looser and a coward.

[MrPigNuts]

If a revolution were to occur or even just a common everyday emergency. You are going to pick up the phone & call for help. Those people who respond will save your pathetic sniveling ass. You will become their long lost buddy & their single greatest fan.

Those are the same people whom you feel collect absurd pensions & do not deserve to have benefits that permit for a reasonable amount of comfort while in retirement. Americans who sacrifice their health & safety for your well being.

[MrPigNuts]

You could give a Rat Fuck about the working class American in this country.

Your agenda is to see the collapse of wages & assets so you can capitalize off of sitting with a pot full of money. Starts & stops right there.

You are no different than the Pig Men, except for the fact that they wipe their ass with the kind of money you have. You just hope to be aligned with the thugs in the advent there is a revolution.

[KeeperOfMajorKey]

INTERESTING!!! YouTube referred me to this vlog based on some other things I was perusing. I looked to figure out who this bright guy was with whom I agreed so strongly. Karl Denninger -- I used to subscribe to Market Ticker, and then you seemed to disappear in what sounded like utter disgust. You've pegged CNBC, you've pegged GE... Keep it coming! Nice job! (Glad to have re-found you) Love the Pavlov's Dog comment. :)

[MortalAndKnowingIt]

to all GE/CNBC whores who troll this forum ... i have only one FACT for you --------> GE 470 billion of debt + 47 % decline in revenue yoy... and i hope to God that by this time next year all of you lose your jobs ....

[Stringbender666]

Sound the alarm! Warning Warning!

HEY DOUCHE BAG - Who got slaughtered on Friday, huh genius? What a load of crap ... How can anyone take this joker seriously?

[myheadhurtsnow]

which jokers do you take seriously?

[Stringbender666]

None of them, not one. I make money in the market on my own volition. I lay blame to no one but myself.

[anolmec]

"forcing the bankruptcy of irresponsible borrower"?Did i hear that??Isnt that like blaming exploding Pinto's on irresponsible drivers? Try this on genious. Pinto's exploded because the were engineered poorly. Homeowners were duped into a poorly engineered security transaction, not a mortgage.With one breath you slam the shills of cnbc,and the next you help spread the lie.Lay the blame where it belongs,On overleveraged,designed to explode securities, disguised as mortgages. goog neil garfield

[bryphi77]

Some people just want to live their life and do what they love, and not have to worry about greedy fucks like yourself trying to steal their retirement money.

I have been seeing a lot of guys like yourself bitch about the system lately. The problem is your not bitching for the well being of the American people!You are bitching because you are loosing money at your own game, and now you want to change the rules so you can continue on with your greed.

You are part of the problem.

[glassman1313]

Karl is shining the light on the greedy fucks that are stealing your retirement, get a clue.

[bryphi77]

No he wants the market to get back to a position where he can continue his greed! It has nothing to do with helping you or me or anyone but himself !

[Stringbender666]

Look at the facts, Karl is wrong. It's all a big conspiracy to Karl because he's a lousy trader and needs someone to blame for his lame trading decisions. He's the one who needs to apologize.

[MortalAndKnowingIt]

cnbc whores like you got no right to speak about ANYTHING .... and you can troll this forum until the judgement day, and that doesn't make you right ... and i also bet that you don't have a clue about trading, and that you had never traded a stock in your life .... and tell your whore cnbc owners that when the revolution comes, and it will come, there will be some " special treatment " for them ... now fuck off you worthless troll ...

[Stringbender666]

You must be a bear - Loser

[MortalAndKnowingIt]

how's it feel to suck Kudlows dick every morning for some pat on the back and a nice bag of " nose powder " ..... oh shit man .... your nickname says it all ... stringBENDER ... yeah ... i bet you bend over every morning for Liesman and junkie Kudlow to ram their cocks in you ... you're nothing more than a trolling GE whore ... oh and say that bitch Bertilomo that she's becoming more of the wail every day, and tell the other whores that i have a pack of 1 dollar bills to show into their

[MortalAndKnowingIt]

thongs for when they lose their job once GE goes bankrupt, and they start working for a guy named Moe in a stip joint in florida... now fuck off !!!

[Stringbender666]

Yea loser, I'd be pissed off too if I was taking Karl's lame advise. Hey markets up today and you're still short ... BWAAAA HA HA HA HA!

[galezstuff]

Thank you for your video and for speaking the truth. If anyone listens to CNBC or what ANY of the media has to say will only get one side of the story...THEIR SIDE. They rely on the people trusting in their opinions. THEY lead the people in the direction THEY want you to go. Think for yourself.

[CarryANationIII]

CNBC is nothing more than propaganda/public relations for Goldman Sachs, JP Morgan, and Citi.

[afc0ne]

Thanks , and good job!

[smartfan2]

CNBC is a Dog and Pony show.

[housechores]

The markets are going to start their collapse next week. Peak oil is for real. Goldman Sachs is the epitome of greed and deceit. And Karl hits a home run again.

[Zile77]

"Peak oil is for real."

LMAO!

[Bassmarko]

Make more videos Karl, You rock on your blog and I love your videos. I wish I could see at least one a week. They are hard hitting and easy to forward to unsuspecting friends and relatives.

Spot on as always!!!!

Thanks!

[quicktripgas]

Karl are you sure you don't have two brains!!!?

[qminusis]

Thanks.

For me as a foreigner, your insights and conclusions are very interesting and helpful.

I'm amazed about the 30% contraction of the real economy. We don't hear this kind of information here in Switzerland although its said that we experience American trends about a half year later.

I'm wondering how the bust of CIT will effect the European markets if they do so. I'd really would like to hear your comments about the situation in Europe from your American viewpoint.

Anyway. Thanks.

[ChaiVat]

Just want you to know, Mr. Denninger, that I really, really enjoy and appreciate your channel here on youtube and I learn a lot.

[mikeshareiq]

Are you just upset cos you were short this week???

Re. CG on CNBC - there is as many people that him and leisman push the market down...

Roubini thoguh needs to be respected but did not influence market yesterday...now youve thrown your toys out of the cot and had your rant..i hope you have covered your short positions and learn the cardinal lesson of investing that the market is never wrong!!

[Trapster99]

The best Ticker vid EVER!

Karl calls it straight: The Bankers create a bubble economy through issuing bad debt and stuffing their pockets will billions, then sticking the US Taxpayer with paying for and cleaning up this mess.

Folks, we are headed to a full cascade waterfall economic collapse.

[jamiedore]

Karl - as a Welshman living in Oz - having a fraction of the knowledge bestowed upon yourself, I would like to thank you for your systematic, unhindered and clinical analyses, let alone your 'individual' way of putting it over.

There are people who 'perceive and absorb'

I am Luke. You are my Father.

[motorolarules]

STOP USING THE MARKET! Stop watch TV. Let the cronies invest their money and we save our in a saving account or under the mattress.

[crasster1]

Karl, what is going to happen to the dollar?

DUX09 chart going down. Wondering if it will crash.

[davincij15]

Karl needs to wake up to the fact that crony capitalizm is not going to change unless there is a revelution.

So if one assumes that the right thing will never be done what should a person do?

Gold and silver can not be cheated forever. Get the physical stuff for long term savings while the government is holding the price down.

1. Government can't set it's steet price.

2. It has no CEO to lie to you.

3. Governments can't print more

4. It's freedom from the criminal system

[dbcooper4437]

You mean revolution,sorry pet peeve.

[davincij15]

Thanks, my spelling is terrible.

[u50214]

I am in no way condoning what CNBC does but, they survive on ratings to sell advertisements. When you have major revenue coming in from investment companies wanting your business, green shoot rhetoric pushes people to invest with those advertisers. Bottom line, it is a conflict of interest.

[deernardz]

u50214 - This makes so much sense and seems so obvious, I wonder how it didn't occur to me before. Thanks for this explanation.

[o0splitpaw0o]

On the ball!

[fal2grace]

Thank you Karl!

[steadtfreddy921]

Karl, for gosh sakes if you think one guy is reallly impact the markets, you are way off base

[AllahConsciousness]

C'mon folks, cheer the fuck up, we are gonna have the best jobless recovery the world has ever seen! =-D

Jobs schmobs is what I say, a good economy is all about Wall Street and Goldman Sachs making shitloads of money to buy their mountain of Columbian cocaine and hookers!

[0PsycoDad0]

My fear is:

The FED banksters manage to convince the BIS&IMF to issue their "special"drawing rights so that the FED can roll over it´s debt and we continue this ponzy game of "who gets the bad debt" for another 20-30 yrs.

[StandUp555]

Great work ... as usual.

BTW ... have you read "Crossing the Rubicon" by Michael C. Ruppert. ?

[pfowler20]

great speech.

[SeattleBeaver]

It's okay to swear if you feel like it Karl. We'd fully understand if you did.

[aceyorba]

CNBS

[BBCcashville]

I'm sending this video to everyone I know on Facebook (I'm Mahdi Awale).... Thanks Karl...

[optisoft11]

Do what I did... I canceled my cable TV and plugged a DVI to HDMI cable from my computer into my TV. Bluetooth keyboard and mouse and your set. The internet has self programmable media, which differs from the corporate programmed public media. Also, buy your meat from a meat market. Its not super processed and inflated with chemicals, and tastes MUCH better ;) Know the system, use the system, beat the system.

[taichimotion]

Exactly!!! Good one Karl, you are in top form with this one... sending this vid link to friends and family. Also today, donharold has vid about CNBS and Nouriel Roubini being misrepresented.

[navtel]

the MSM is there to deceive us.. those who do not research further than their BS will suffer in a bad way.. how can this economy possibly turn around? consumption drove this market, who do you know that are willing to continue to consume?

[GaTiger11]

Give 'em hell, Gen.

[DEMCAD]

CNBC is a joke. Who still watches that crap?

[ramwagon]

Tribeodan,

some people are smart but fail to look outside the box. Goldman Sachs and the FED run the US. Rather obvious.

[tribeodan17]

How can KD be so brilliant and not know that the media is owned by wall street? If he does know, why does he not just say it.

Sometimes I think he just likes hearing himself talk his talk

[ramwagon]

Karl, I am slamming you on peak oil, but I do really like your ticker stuff. Very informative and spot on. Peter Schiff is da man too. Peter ( inflation ) vs Karl ( deflation ) Who will win ?

[ramwagon]

Lindsey Williams is full of shit with no sources.

[gunnerrat]

Absolutely. No one blinks an eye when he says some oil bigwig threatened to break his kneecaps for revealing stuff no one cared about anymore, then suddenly said "Let me give you more material to blab about!" The utter lack of critical thinking is astounding. His story makes no sense!

[ElephantChess]

Great presentation Karl.

Thank you for your website and hard work.

[becauseicare2]

Tell me what pressure that has been pushing the market up since early march has been true. March 6 Vikram Pandit of Citigroup reports "were making money in the 1st qtr". March 7th GM makes a statement that they do not need any more aid at this time...zoom! I would not disagree that the market was temporaily oversold for such a short period of time..but this is all purely BS.

[17Spartacus76]

We need Karl Denninger, Peter Schiff, Jim Rogers and Mark Faber on air for a 1hr round table discussion about the economy.

I'd pay to see that.

[ramwagon]

Goldman Sachs runs Wall Street and the US government. BTW, 911 was an inside job. The NWO is here. Cheney, Bush and the NWO knew all about peak oil. 911 was their cause to control middle east oil.

[uclaztec2]

CNBC is just a right wing corporate sounding board. They are forever bullish and always see a goldie locks stock market. Just like most right wingers, they report delusions of grandeur and idiots fall for it everytime.

[ramwagon]

The US has been declining in oil since the 70's. The peaking of worlds oil and this financial collapse happening simultaneously in no coinsidence. Once you reach the limit on energy growth, your economy is over. Guess what ? We are there.

[valhala56]

Your absolutely right ramwagon. Richard Heidenberg (sic) said that when we have reached Peak Oil, people will not be talking about Petro,disel or Gasoline. They will be talking about the economy. Job loss, just what is happening now.

BTW did you happen to see that Boone Pickens Wind Turbine farm has been canceled. They claim there were problems getting power transmitted. Yeah Right.

[valhala56]

DocGorilla, unless you live on a different planet then earth then you mean 'Our" civilization, but no matter it's going down the tubes faster then an dry drunk relapsing and takeing a drink.

And like the alcholic were addicted and just don't want to admitt. Oh Peak Oil just a fanstasy huh? I guess that's why the US imports 70% of all the Oil we use every year. the Giant Canterll Oil field is in decline now, and it was only discovered in 1976. Oh yeah, I'm just brainwashed silly man.

[ThassaLeatha]

Not everything is the result of peak oil.  The current financial mess can ultimately be blamed on excess credit. At one point in time being in debt was something you tried to avoid, and you did your best to pay it back as fast as possible. But in the last few decades people started thinking that you never really had to pay it down. This happened at the government, corporate and personal levels at the same time, and because of this the US owes more then all its assets put together are worth.

[RodneyHampton]

There need not be any such thing as "peak oil." Research abiotic oil formation theories. There is legitimate science that shows that peak oil is probably an artificial shortage shakedown scam.

[mejt223]

Great Points Karl

[LisaJ4Liberty]

Does Roubini really carry that much clout with traders? I didn't know his opinion was such a big influence. Yesterday Art Laffer and Mort Zuckerman were on saying they think the economy will be in a slump for years. Why doesn't that effect the markets?

[ElephantChess]

Roubini is a well-known bear with credibility. Earlier in the week, Meredith Whitney issued a bullish statement and the markets rallied. Now Roubini was said to have followed suit and the sheeple bought. I believe Roubini carries that much weight.

[rangeyer]

LIESMAN IS A STUPID FUCK

[wizardofounce]

With a name like that, it's hard to trust anything he tells ya'. ;)

[U2ForNow]

Geesh Karl, if you wake up all the retail investors it is going to get harder to make money trading.

[shadymd4]

Keep up the good work. I have been shorting and it has really been killing me

[1mealperday]

there is an unseen cost

in dreams now lost

and fortunes gone astray.

[dleddy14]

Nice! Thanks Ticker Guy.

[ramwagon]

Denninger, listen dude, I read your stuff daily and really enjoy them. But you better get one thing straight, peak oil is the reason we are in this mess. You can't grow your economy unless you grow your energy supply. You need to get your head out of your ass and realize this. Otherwise, I love your stuff and keep it up.

[ohio1998]

No peak oil. No cheap oil either. We are in deflation and therefor have smaller demand for oil.

[U2ForNow]

ramwagon,

Peak oil it BS. Do the research. In the mean time, pull your head out of your ass.

[zrzr4]

ramwagon- Although you are entitled to that opinion, I would encourage you to listen to what Lindsey Williams has to say, as he had direct access to the Elite, when he was at the Alaska Pipeline, if you have not heard him speak already.

[zrzr4]

adding to my orginal comment @ ramwagon. Lindsey called $50 oil when it was at $120 so I have to believe he's right about what he says about oil.

[gunnerrat]

Lindsey Williams has you fooled too with his "aw shucks" spiel. It took him 10 years to be right about $4/gal gas. Why people fall for him is beyond me.

Peak oil isn't simply about the amount of oil left, it's also about the quality of oil left (not much sweet crude left) and the ease of extraction. There's plenty left, but we have to drill deeper and in remote (ie. expensive) places. The low-sulphur, easy to get to stuff is disappearing.

[wcarlpdrysdale]

china is (now) a net seller of US t bills ,,,the shit having hit the fan will soon begin it's migration out in all directions

[pacificcoast]

There needs to be some serious oversight and fines for these shows, not sure if it should be the SEC or who, but I think its great that you're keeping the pressure on.

[ClanRooster]

Thanks Karl.

[UcantBeSerious03]

sweet! luv the vidz