When you are facing the wilderness on your own, you have a totally different attitude to someone who works in government or who has a monthly cheque.
Rick SantelliI personally think money in politics on any level is horrible. I'd like to see a set amount and have every candidate spend it. Have it be completely transparent. But actually getting to that spot, as we have learned through all the legislation over the decades, is very difficult.
Rick SantelliYou need more people to perpetuate a myth because if the people stop the myth is known to all.
Rick SantelliThe government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard
Rick SantelliIn normal times, investors should pay more attention to the credit markets because it's the energy by which everything is driven. It's the oil in the engine.
Rick SantelliI can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.
Rick Santelli