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« El-Erian: Discussing Green Shoots and Fed Exit Strategies (Clip) | Main | Female Fed Tin-Hatter: Maybe Just A Bit Over The Top (Clip) »

Bailout News Video: He's An Original. He's Back. And He's Still Not Very MF'ing Happy. America's Most Talented Economic Ranter Has A Few Words For You


Editor's note: This story was originally posted in February meaning most of you haven't seen it.

The genius has returned.  Walstreetpro2 is fresh off his unfair suspension on youtube and is back to making sense on the airwaves. It's 8 minutes and completely profane. NSFW.

Watch out Washington, a star is being born and he doesn't seem like the type who's gonna back down as his audience grows.  Up for discussion is federal bankruptcy, gold, debt monetization, California, Kansas, job losses, Geithner, the Federal Reserve.  Heck I lost count.  Watch it.

"We are in some hella-fied shit if Kansas is fucked up."

"Everybody knows when you're borrowing money just to pay interest, you're fucked."

"What the fuck's a temporary tax hike?  Everybody know when they raise taxes, that shit ain't temporary." 

"How do you gurantee paper with more paper?"

"They're gonna monetize this federal debt, and destroy this fucking dollar. I mean destroy it."

"That's always the last step, monetizing the federal debt."

"I mean they're gonna print money on top of money on top of fucking money."




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Reader Comments (20)

holy shit. is there more of this guy?
Feb 18, 2009 at 6:41 PM | Unregistered Commenterboo2200
He got so freaking worked up around the 6 minute mark...he had to stop the tape....hit a joint and then pick it back up. Check out his eyes...the only stoner I ever saw that could stay ticked off and carry out a rant like that without busting out laughing about how eff'd up everything is. He's right but what cha' gonna do? This guy would explode without the green weed.....I worry for his lifespan.
Feb 18, 2009 at 7:00 PM | Unregistered CommenterAin't Bullshittin'
He makes far more sense than most of the poltroons running this country (government & industry) do.
Feb 19, 2009 at 4:46 AM | Unregistered Commenterrjk999
My porr neighbor bought a home he can't afford. Now we have to hold his hand and help him with his payments. The borrower says he thought the teaser rate of 2% will tsay..This is the biggest joke ever. All these borrowers need to get wiped out and lose their homes. they took all the risk. they were greedy and stupid.

Feb 19, 2009 at 12:45 PM | Unregistered CommenterWeapons of Mass Toxic Assets
LMAO....or g-d the Grand Canyon or some shit? Who is gonna pick up the first bong and head for DC?
Mar 2, 2009 at 4:15 AM | Unregistered CommenterGetOnABandwagon
walls - right howya gona gurantee paper with more paper. but he is kidiing about kansas right? i mean were in hella fire'd shit if kansas is f'd too. kansas nah, no way
Mar 7, 2009 at 8:30 AM | Unregistered Commenterthe low roller
For any real progress to be made people need to separate two things... cause and effect. Some of what this stoner rants about are legitimate issues. Should taxpayers have to bail out banks? No! Will the bailouts cause hyper-inflation? Quite possibily. But you have to separate the discussion in to two parts:
(1) What got us into this position?
(2) How do we get out of it?

There's no question that Bush's policies of deregulation got us into this mess. Banks and most big buisiness were encouraged to "go for the gold" (or at least the dollar) regardless of the concesquences. The policies of greed within these companies wasn't kept in check... in fact, they were encouraged. So what effect did this have on our economy? There's really little choice but to bail out these greedy bastards who were allowed to promote their own self interest because Bush allowed them to weasel their way into positions of national importance that would harm our national financial standing if they failed.

So, the current position is that the bailouts are a nose-holding, unlikeable option to a position that we've been put into by the right wing, neo-fasciost faction of our government; but one that's necessary to save our country. Personally, I hope that Obama comes out on top ont this one.
May 21, 2009 at 12:14 AM | Unregistered Commentermhughes

I respectfully disagree. The idea that we have to keep bailing out these companies or else the sky will fall is just plain wrong. Besides, let's be clear what the bailouts mean. It's not the operations of these companies/banks that are being saved -- it's their debt. The banks/firms are more or less bankrupt -- they can't pay off their debts. And that's who is being bailed out -- their creditors (bondholders). The operational assets and functions of these banks don't disappear under bankruptcy/receivership, they just change hands. Basically, the shareholders lose their ownership of the bankrupt firm and ownership, in one form or another (cash or stock), is given to the creditors (i.e. their bondholders). That's all.

Now, there could have been serious problems if all of the big banks had failed all at once -- unexpectedly, but that's not the situation we've been in for the last few months. That's not where we are now. All we're doing now is subsidizing the banks' bondholders so that they don't have to take a single penny in losses. But why? The world won't change when Citi or Bank of America is put into receivership, broken up and restructured. Their bondholders will take the losses they deserve to take, but it won't bother the depositors or the taxpayers one bit. The biggest fear that pansies like Bernanke and Geithner have ( I think) is what will happen to the derivatives contracts that are tied to the solvency of these banks. The payouts on the derivatives will simply have to be worked out in the bankruptcy courts, or else voluntariliy restructured by the parties involved. I'm not sure Bernanke or Geithner are really the right men for the job. But that doesn't mean it can't be done.

Remember, Bernanke is an academic who thinks it's still 1930, and Geithner is friends with all of the TARP execs. When he was at the NY Fed, Geithner's job was basically to serve THEM. Unfortunately, he doesn't realized that his job is now to serve US.

A great resource, if your doubtful, are the articles written by Chris Whalen on the Institutional Risk Analytics site. Check 'em out.
May 21, 2009 at 12:50 AM | Unregistered CommenterJames H
Why is it that everyone knows that he is right, everyone talks about this shit but nobody does the right thing at the Polls. It's our fucking country not theirs.
May 31, 2009 at 11:37 AM | Unregistered CommenterSoCal
The sad part is that the real story and info never gets to the general public. NBC, CBS, ABC never really tell the whole story and are so in love with Obama(Obama big ass mistake America). The Latin American are really happy about Gov. taking care of them and don't really care that we the middle class are paying the bills. Read you history of how Germany got had in the Thirties. Russia etc. It will take a mass uprising of the Middle class to wake up America. I just hope we don't wait too long.
June 18, 2009
Jun 18, 2009 at 1:39 PM | Unregistered CommenterSt. Simons

I have become convinced that the voters will do some damage to incumbents in 2010.
Jun 23, 2009 at 12:38 AM | Registered CommenterDailyBail
Now, when we can get "John-Q-Public" to see these clips and then join "We The Pissed Of People" we just may get somewhAre........! Im a retired entertainer and could neaver hold a candle to this guy.

WE ALL, need to send this to everyone. If we can get the RPM's to hit "Red Line" then look out Washington. And all the junk about contacting our local goverment to tell them to vote in our best interest.........."FOR GET IT" they are all in on "The Dirty Little Secret" ! Its us agniest them.

We need to make this guy "Our Voice"........ They say that Wiskie & Pot makes a man speak the truth....... What we realy need to tell our local goverment is "Watch This" & Look Out.

We the Pissed of People are going to show Washington ( Real Change ) Now were going to Get Some whAre ! "OuT"
Jun 24, 2009 at 3:30 PM | Unregistered CommenterTex
A Little Less Cussing...... Sure. Would you talk like this if you lost yr job, lost yr home, lost yr car, and did NOTHING Wrong ? Ones that did would feel just like this guy.

My wife lost her Middle Mag. job to cut out her wadge after 15 years, and is working for for $9. hr. Were on the edge of losing everything also selling things just to make the bills. But having a roof over our head, we can see the funny side of this guy.

NOW, those who jump on this guy and think everything is getting better and our local goverment is working for us, are "Clue-Less"..... They are just following the sheep in front of them. After everything has colapsed and the dust clears, the sheep will be standing thAre wondering "WTF" What happned........?

If you still think there is a "D Party" & "R Party"......and a Goverment looking out for our best interest's, then yr blind like sheep. Goverment as we knew it stoped in 1912. The IMF control the world, and we the people are about to be Flushed Down that 4 leg'ed Toilet if the blind dont wake up...................!

The Daily Bail has the most info by far as to whats realy happening to our country. And follow S Gompers. Some how he knows whats realy going on, on the inside. I have posted some links on other coments, that will show the "Non Believers" the truth. God Help Us All......................! Tex
Jun 24, 2009 at 4:05 PM | Unregistered CommenterTex
@mhughes is EXACTLY right. Very well said too! Lyndon Larouche (I know, I know, there goes my credibility) propsed this exact legislation in the Homeowners and Banks Protection Act, but Obama does not have the balls to stand up to the economic royalists abroad and it is a big risk to try and tag team India China and Russia against the rest of the world (can you say "Iceland"?).

At this stage in the game, I think the problem is best approached by working it from the bottom up at the state level. If states would charter their own banks like North Dakota and use (not abolish) the fractional reserve system to build infrastructure and create credit, instead of bonding out to Wall St., maybe the Federales would get a clue.

Trying to work this thing from the top down seems hopeless. Obama sold out to special interests that are so well hidden you'll never hear about them--they don't want you to. These are the guys who practice a daily ritual of placing union jacks on a little wooden board every morning to determine the price of gold--know what I mean?
Jun 25, 2009 at 3:19 PM | Unregistered CommenterWil Martindale

Thanks for your comments and kind words.
Jun 25, 2009 at 6:20 PM | Registered CommenterDailyBail

My hope is that we have a younger Ron Paul candidate emerge and win in 2012. Someone who will try to shrink government by 50% and do away with the Fed.
Jun 25, 2009 at 6:21 PM | Registered CommenterDailyBail
@Tex who wrote:

Now, when we can get "John-Q-Public" to see these clips and then join "We The Pissed Of People" we just may get somewhAre........! Im a retired entertainer and could neaver hold a candle to this guy.

WE ALL, need to send this to everyone. If we can get the RPM's to hit "Red Line" then look out Washington. And all the junk about contacting our local goverment to tell them to vote in our best interest.........."FOR GET IT" they are all in on "The Dirty Little Secret" ! Its us agniest them.

I have added a button to the story at the top that makes it easy to email the video to a friend.
Jun 25, 2009 at 6:27 PM | Registered CommenterDailyBail
Amen brother we hear you watch your back!!!!!
Aug 30, 2009 at 12:53 AM | Unregistered CommenterWordsr
This guy is why weed is illegal. If smoking weed gives you that kind of clarity, no wonder the government doesnt want anybody using it
Apr 17, 2011 at 2:15 PM | Unregistered Commenterjust george
nice one george...
Apr 18, 2011 at 11:58 AM | Unregistered CommenterDaily Bail

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