Rick Santelli Bashes Central Bankers’ ‘Sand-Castle Economies’ (Video)

Santelli Bashes Central Bankers’ “Sand-Castle Economies” (ZeroHedge, Feb 19, 2013):

It has been four years since Rick Santelli’s epic “are you listening Mr. President?” speech and the bad behavior has merely been more and more rewarded. Assisted by the enablers of the world – Central Bankers – and their liquidity pump of awesomeness, Santelli exclaims that all we are doing is “promoting bad behavior,” as the elites “build sand castle economies.” His frustration is contagious as he outlines just what has not happened in the last four years – from no-budget to blow-out deficits, and from grand deals to grand bargains to no deals, and Europe’s imploding economies – he sums it up perfectly – “we’re gonna need a lot of luck.”

Leave a Comment