16 votes

Rick Santelli to Bernanke: "Ben, What Are You Afraid Of?!" (7/21/2013)

Nice to watch retrospectively, after that tapering "option" now off the table.

And nah... Rick didn't even come close to really losing it. Why you ask?


http://youtu.be/-73Cp5ByS20

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this is media

trying to get your goat. they want you to be pissed off. they want you to rebel. they are testing numbers. how many of us are there?

I agree.

The only way to win, is to not play.

Good stuff. Rick Santelli

Good stuff. Rick Santelli really gets the situation.

The scam will work till it doesn't anymore.

Michael Nystrom's picture

When will it stop working?

That is what I'd like to know

Watching the stock market jump like a soldier at his words today disgusted me.

That an entire market, so large, should react according to one man's words?

Wow. That is power.

Of course, that power is basically from a spell. And that spell could wear off at any moment.

The only way to make sense out of change is to plunge into it, move with it, and join the dance. - Alan Watts

I saw his 'tea party' rant live on tv at the bank where I drank

free coffee.

I said 'holy shnikies. This is going to create a whole new faction of the Republican party.'

It was probably the pandas.

Cyril's picture

Warning: gagging or vomiting hazard

Warning:

gagging or vomiting hazard from mark 3 min 42 secs and on.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Michael Nystrom's picture

Hey thanks for posting that!

I remember that rant. Very entertaining, that is for sure.

At the puke mark at 3:42. I was waiting for that because of what you said.

And that was pretty fascinating to see: That contrast. First of Obama renominating him, then sacking him, then dodging the reporters question about him.

Ben really wants to wrap operations up, I think. So what is Ben afraid of? Is he afraid of Obama? Is that what Rick was getting at?

TPB - and that, believe me, is over Obama's head. Obama's just an actor. He's the front man. He's the guy that keeps us distracted with his good looks and that winning smile. He's just out there joking around. An empty suit.

TPB want a pliable Fed head. Bernanke, pliable, but not pliable enough. Summers? Definitely not pliable. That guy is like a wild boar. That guy would be trouble.

Yellen? Mild. More easily pliable? Is that what they think, that a woman will be softer, more easy to manipulate?

I guess we'll see. It is delicate, because it is a handoff. And sometimes, the handoff is fumbled. And watching that in football, or in this kind of politico-economy realm, they're both equally fascinating social events.

The only way to make sense out of change is to plunge into it, move with it, and join the dance. - Alan Watts
Cyril's picture

'Welcome :)

'Welcome :)

Yes, I enjoyed much how Rick played naive, so to speak, and articulated his rant around the one simplest and spot on question that has one's finger poking where it hurts; I'd rephrase:

"Economy doing great? Er... why still on that QE life support plan, then?"

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Now I get it. The football connection.

Got it.

It's about simulated warfare on the political field versus the battlefield.

It was probably the pandas.

Michael Nystrom's picture

Right. Basically everywhere we go, we play war.

In relationships, in business, in pro sports, in advertising. And then right up there to the very top, at the USG, who actually does have the capacity to wage actual war.

So all of things are fascinating to me. It is the same impulse being played out through different media.

Just like thought processes are played out in handwriting.

They're played out in other ways, too. Through facial expression, gait, attitude, outlook on life, hygiene habits....

The impulse, from the source, is some kind of simultaneous creative / destruction impulse. It is a bullet, and the bullet is shaped like a yin-yang. And when that bullet breaks through to this side - to the side of the living, from the side of the void, it has these different expressions.

Football is one of them. The creative, destructive force. Simultaneously. Sometimes the yin yang is expressed more extended in time. A long wave of creation, followed by a long wave of destruction, for example.

That is playing out on the economic "field" That is a long, slow, doozy of a game. But the pace is quickening there.

That seems to be an attribute of all games: They're all quickening.

The only way to make sense out of change is to plunge into it, move with it, and join the dance. - Alan Watts