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Friday
Sep092011

Marc Faber's Warning Shocks CNBC Anchors: 'Don’t Store Your Gold In The United States!' (VIDEO)

Last week on CNBC the following classic exchange occured:

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Friday
Sep092011

CLASSIC CNBC EXCHANGE - Rick Santelli Battles NYT's Tom Friedman Over Social Security: "You're An Idiot"

CNBC Video - Santelli Battles Friedman - Sep. 8, 2011

Great clip from this morning's Squawk Box.  Transcribed inside.  Runs 1 minute.

In terms of unfunded liabilities, Medicare is 6X the black hole that is social security, which can be solvent for 50 years with a few tweaks, but Santelli speaks through the lens of his 19 year-old daughter (as he often does), and channels the anger of today's typical college student, which to me at least, is completely understandable.

The correct answer is to cut war spending by 50% over the next 5 years, and use the savings to fund Social Security (without changes).  Medicare, on the other hand, and it's completely unpaid-for, and incredibly irresponsible Prescription Drug Benefit (Part D), is going to need a substantial overhaul to survive, the majority of which will need to come from means testing of the wealthy.

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Friday
Sep092011

Video: Man Drops Pants In Bailout Protest As Police Use Water Cannons On Belgium Crowds

Relax, it's Friday.  Police used water cannons and tear gas to disperse the crowd.

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Friday
Sep092011

Caught On Tape: Obama's Hypocrisy On Energy Consumption & The 2012 DNC Convention

Friday
Sep092011

DOW Plunges More Than 350 Points

Friday
Sep092011

Ponzi Nation: Colbert On Rick Perry & Social Security

Colbert Report On The GOP Debate & Social Security As A Ponzi Scheme - Sep. 8, 2011

Decent clip from last night's show.

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Friday
Sep092011

PHOTOS - Rick Perry Threatens Ron Paul

More photos inside.

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Friday
Sep092011

GOP Debate Highlight - Ron Paul Reminds Sheeple That 'One Gallon Of Gas Only Costs A 1965 Silver Dime'

Video - Inflation Bithchez!

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Friday
Sep092011

VIDEO - Ron Paul Campaign Ad Attacks Rick Perry's Support Of Al Gore

The newest ad from Dr. Ron Paul, the anti-Rick Perry, we-don't need-dangerous-HPV-mandates-because-my-campaign-aide gets-paid-by-Merck candidacy.

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Friday
Sep092011

REPORT: Bank Of America To Cut 40,000 Jobs

How many will be lost before Geithner's TARP 2.0.  And will Kashkari be brought back for off-camera fluffing?

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