Fast money's Dylan Ratigan dispute with Bert Ely 2009.01.06

Before recession ("hey, they don't call it correction for nothing") I kind of hated this program ("Fast money"). But after they had discovered, that downtrend is also possible and losing money could be common, I've started enjoying watching this show.
This is hot dispute of fast money's Dylan Ratigan with guest, Bert Ely, about responsibility of failed banks and which money is whos.
Enjoy!

Category:

News & Politics

Tags:

• Dylan
• Ratigan
• FED
• fast
• money
• CNBC
• Bert
• Ely
• dollar
• gold

[2TheDeath]

God these shows are so obnoxious. Why does he have to shout into the mic?

CNBC is good only to know what not to do in the markets.

[peacespeech]

You're right, I always have to turn volume down when this shows starts :>

Maybe this is some "media trick" or they have to fire their mixer console operator.

[Tasadaru]

Humanity's worse enemy is not a dictator or some government, it's the people who control one of the basic needs for all societies: money. Those who control the money of nations controls the world. The practice of fractional reserve banking with fiat money must come to an end. We should see prosperity again when we come back to a gold and silver standard.

[CheeseBoy86]

All of these shows isn't necessarily a good thing... It is certainly good to know what is going on, but with 300 professionals saying one thing (clearly an opinion) and the other 300 saying another, it is very confusing to watchers...

[StephenABBbbBBB]

Does'nt it make sense to favour a "certain type of lender"?,i.e. the ones who are more likely to be able to pay back the money they borrowed??.

The alternative would be to continue to lend to the high risk borrower as they did in the past,which in turn leads to the same mess we're all in now through default.

I have never studied economics in my life,it seems to me that 50 % of the people who did were hoodwinked by the other 50%,or is it more accurate to say 95% by a very astute 5%?.

[gsxr750ia]

Dylan's the effing MAN!..tellin' it like it is......I watch him now on msnbc ....screw the cnbc " financial" cheerleaders..they all outta be fired....they supposed to keep the viewer informed??..or duped ??..dont think 1 of em even went to college for journalism OR finance/business....prob all idiot lawyers....rofl

[garyowen4ever]

the great theme from the great 70's tv show, 'WELCOME BACK KOTTER," is truly appropriate for dylan ratigan's return to his own show on MSNBC,,,,,,,,,,,welcome back Dylan!

[NicosMind]

The people who predicted the crash or people like Gordon Brown who said 'We've ended boom and bust'"

After all Gordon Dung sold 400 tonnes of the UK's gold when it was the cheapest its been for 20 years, it was 200 dollars and ounce and went up to 1000.

Lol i just heard the interview say who are we gonna listen to :S

Anyway check out "Peter Schiff was right" video. Also Austrian Economics :)

[NicosMind]

Yeah but not if you know econmoics. Ive started studying thanks to people like Peter Schiff and Ron Paul. Ive also subscribed to channels that plays vids like that.

Im sure its confusing to listeners but thats unfortunate, and considering alot of professionals know bad things are coming and its their job to say otherwise. Ive heard Jim Rogers talking about this refering to a bank manager that came onto one of these shows one time!

What i say to my friends is "Who are you gonna trust? cont.

[tclapham1]

Apparently we live in a society where actually answering the question that was posed to you on national TV is optional. I expect such dodging and weaving from politicians. Now we're seeing it from financial pundits and commentators. I hope Ely was banned for life from CNBC for this pathetic display.

[garyowen4ever]

seek out dylan's GOLDSEEK RADIO INTERVIEW OF LAST WEEK,,,,,,,it was one glorious "LAST STAND."

[laburnum12]

you must be one those college professors who has never seen a trading floor. Step into the real world.