The Golden Truth: Is CNBC's Steve Liesman Retarded?

Tuesday, November 3, 2009

Is CNBC's Steve Liesman Retarded?

I always thought his brains must have fallen out of his head with hair. For whatever reason, Liesman once again shows his complete lack of knowledge about economics as he shows himself to be the strawman for the Fed:

Video link courtesy of http://www.clusterstock.com/

This one's for you, Steve:

We are the hollow men
We are the stuffed men
Leaning together
Headpiece filled with straw...from T.S. Eliot's, "The Hollow Men"

6 comments:

KristjanTuesday, 03 November, 2009
People yelling at each other over falling trees, only on CNBC.

It's sad that people are so stupid that they have to use examples like falling trees or burning houses (this one was the favorite of Obama and Bernanke *if you're neighbours house is burning yada yada*) to make their point. This clearly illustrates that they've got nothing, they're empty suits, men who talk the talk, but don't walk the walk.
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AnonymousTuesday, 03 November, 2009
k - I'm assuming you're kidding. Santelli is spot on. Liesman is a schill.
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AnonymousTuesday, 03 November, 2009
Is Steve Liesman retarded?

Obviously a rhetorical question.
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GaryTuesday, 03 November, 2009
Somebody should kick his ass (Liesman, that is).

Just kidding.

Not really.
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EconomicDisconnectTuesday, 03 November, 2009
Dave,
I love it when Santelli gets riled up! It like the Jerry Springer of finance TV. All we need is some midgets and some thrown chairs (duck Geraldo Rivera) and I would be hooked.

Any ideas on why Silver is not running with the golden bulls?
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Econ JoeTuesday, 01 January, 2013
Steve Liesman is infact a retard. He is wrong time and time again. He is likely a schill for the federal reserve.
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Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.