Rick is one of the three people we listen to on CNBC. Somebody has to run turn up the sound when he comes on and he usually doesn't disappoint with sanity and good logic.
CNBC's Rick Santelli asks the (rhetorical) question that everyone should ask:
"[What the Fed minutes said] is, listen, we have to wait for bigger
confirmation that the economy is doing better; and for that, we're going to look
at the employment side. [At the same time] we have the fewest people working
that can work in 30 years, and all-time-record-high profits for corporations.
Now, does that strategy sound rational to you?"
It seems,
now that Ben Bernanke has seemingly promised that it will really never end, that
Santelli's question will become increasingly critical in this country.
Never, in the history of the world, have the 1% made off with so much from the poor.
CEO of the Parisian Family Office. Retired/Founder of CHIPPEWA PARTNERS, Native American Advisors, Inc., Registered Investment Advisor. White Earth Chippewa, educated conservative, raised on Indian reservations across Great Plains. Began Wall Street career in 1982. Always been, will always be, an optimist. Pureblood, clot-shot free. In a world on a dopamine binge, this is his take on life. Written at MT Ghost Ranch or Pamelot, TN farm or his winter camp in San Jose del Cabo, Mexico.
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