CNBC

On the Trump Tax Issue, Warren Buffett is Full of Crap

by John Galt October 10, 2016 20:55 ET Today the financial propaganda infomercial media, aka, CNBC, published the following story: Warren Buffett fires back at Donald Trump’s comments about his taxes In the story linked above the Orifice of Omaha stated the following: “I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward,” Buffett said in a statement. So let’s…


Watch a CNBC Commielib Get Pissed When Former Wells Fargo CEO says He’s Voting Libertarian (VIDEO)

by John Galt June 27, 2016 20:55 ET Thank you CNBC for the priceless picture of your commielib market propagandist when she got her Hillary Mojo look on. Does she look mad to you? To me, she’s freaking furious. Why? A guest did not follow the CNBC libtard script even though he is a West coast multi-millionaire. Who pissed her off? The former CEO of Wells Fargo Bank, Dick Kovacevich who failed to answer the robotic “well Hillary is better than Trump” softball question tossed up to him. His answer however,…



The Unofficial Oct 28 RNC Presidential Debate Drinking Game

by John Galt October 28, 2015 19:30 ET My how times have changed. Just yesterday we were all lamenting the loss of what his name and whoevermuhsuch the former Governor of Texas (no, not Bush) leaving the Presidential contest. Now the Democrats have reduced their choices between an honest by God Marxist and a dishonest by God Fascist, so that leaves the Republicircus to proceed full steam ahead to reduce the contest down to someone the Kingdom of Saudi Arabia actually approves of! First, let us all ignore the dwindling and…


Is it time to Panic because the DJIA was down almost 6% Last Week?

by John Galt August 23, 2015 17:10 ET The world went into full hysteria mode last week trying to decipher the meaning of the Federal Reserve minutes on Wednesday, and selling off into the close on Friday with just under a 6% decline on the major indices for the week. Is this time to panic? CNBS doesn’t think so: In fact few if any financial programs I took the time to watch or listen to (so you don’t have to) mentioned the words panic, recession, or bear market. Much like their…


All the Recent Economic Doom Videos Which will Make You Cry like a Bitch

by John Galt July 27, 2015 18:00 ET   From CNBC this morning, Marc Faber this morning calls for a 20-40% decline in equities as a realistic possibility: But before that he warns, as I have, about the lack of demand for commodities causing the crash in prices (CNBC also): Gerald Celente supports Faber’s warnings in his Global Trends update via video on July 23rd: Mish Shedlock confirms that the collapse is coming in this interview via the X22 Report via YouTube: Meanwhile, CNBC had technician Carter Worth on today with…


The Other Housing Data the Media Will not Share

by John Galt February 18, 2015 21:00 ET While the Bubblevisions continue their unrelenting used car tactics to convince grandma and grandpa that the $0.70 per share biotech stock is where their retirements should be, the selective propaganda from the various entities which provide financial news have agreed with the US government to use contrived data by displaying “annualized rates” or “percentage change month over month” rather than telling the tale of reality: Housing has not recovered and it is not even close to recovering. 4 charts courtesy of the Federal…


The Faux Bull Stock Market is Spraying Bullsh** on the Idiots

  by John Galt April 7, 2014 23:30 ET   Welcome to the Twilight Zone. Where reality meets fantasy. Where Game of Thrones meets Geek living his life out as a Wall Street Trader. And where Dennis Gartman dares to counter against the opinion of a Merrill Lynch/Bank of America analyst who wore a flower in her hair to reflect the “April showers bring May flowers” mentality that they wish to impart on the terminally stupid of the 100 or so thousand people WORLDWIDE who might be watching this piece of…



Yes Jim Cramer, you are Ridiculous Too

  by John Galt August 2, 2012 19:30 ET   On CNBC today, Jim Cramer made a big deal about the Knight fiasco and offered his own commentary in support of the average investor:     Yes,  Mr. Cramer, we are disgusted with the lack of ethics on Wall Street.   And YES, Mr. Cramer, we are sick and tired of market gurus and sycophants who claim to be for the average man or investor only to discover how corrupt they really are.   For example, this article from the New…


Why did Rick Santelli Explode on TV today? Maybe it’s idiotic ideas like this…

  by John Galt July 24, 2012 22:00 ET   On CNBC today, Rick Santelli let loose with another epic rant:     Why is he so disgusted? Perhaps it’s idiotic ideas like this one presented by Steve Clemons and Richard Vague in The Atlantic on July 22nd: Economic Growth Idea: Forgive or Restructure Debt U.S. Citizens Hold   Ah yes, the grand social experiment proposed by Marxists for over a century to eradicate the greed and sins of capitalism instead of punishing the stupid and inept who made decisions that…


Liesmanomics is proof of CNBC Insanity

  by John Galt June 6, 2012 22:55 ET     America can only service its long term debt by refinancing and borrowing from China with short term debt, yet the debt has expanded to astronomical proportions.   The Federal Reserve is holding hundreds of billions of dollars of substandard, non-AAA paper on its books with no buyers and yet is expected to create a new QE program to bail out the banksters and keep the stock market from crashing before the election.   Idiot savants like Larry Summers are calling…


This CNBC Story Proves that Atlas has Shrugged

by John Galt May 16, 2012 22:00 ET   This afternoon on CNBC, a young lady whose name is irrelevant representing a heretofore never heard of group called “Ultraviolet” made the case to demand a seat on the board of directors for a private corporation, Facebook, because they had no female board members.   Not one female venture capitalist put up any money to deserve a seat on the board.   Not one single reason financially or qualification was put forth for such a nomination.   Not one excuse for the…



CNBC again Validates the Reason Drugs Should remain Illegal

By John Galt August 3, 2011 I’ll let you read the insanity at the link below and decide for yourself. The statements inside the article and the headline at the top of the page on CNBC validate the cause of those who say drugs should remain illegal because there is no other explanation for nutty postulations like the one presented in this article. The author “could” be correct if the Federal Reserve declares that every molecule inside the United States is a candidate for monetization but unless that is going to…


Uh, Paging Brian Wesbury: Commercial Real Estate IS a Disaster

By John Galt July 30, 2011 On Larry Kudlow’s CNBC program tonight, perennial mega-unicorns-pooping-rainbows-and-skittles bull Brian Wesbury from Cumberland er now First Trust Advisers, made the following statement on commercial real estate in this economy: Uh, Mr. Webury, I’m fairly certain you can afford or already receive the Financial Times and read this story today: Rating move shocks CMBS investors In the article by Tracy Alloway the following doesn’t sound like we’re experiencing a boom and in fact the long predicted second shoe is not only dropping but cratering through the…


A Chinese Example of American Propaganda

By John Galt July 17, 2011 It’s almost as if Steve Liesman was reading the report himself in your living room on Bubblevision Channel 1. However this is not about the financial propaganda the U.S. media portrays using selective data presentation to spin it so Der Buglehead looks good, this is about the ChiComs learning how the game is played. As markets open around the world tonight there is a little tidbit of information that was presented with two wildly different twists of the same data. FYI, “FDI” = Foreign Direct…


No Picture

A sign of American Decline and Crisis: Bacon Prices

By John Galt July 2, 2011 From FinViz.com: Of all the stories that should have you in a panic, of all the news about floods, tornadoes, earthquakes, nuke plants leaking, or total implosion of the American economy, the one story which indicates a total decline in our society and a reason to declare this period of time a triple red alert set your hair on fire and freak out, is this story from CNBC: The Crisis We Should Be Panicking About: Bacon Prices Who cares about the stupid debt ceiling? Why…


No Picture

A Sad Silent Key: Mark Haines, CNBC 1946-2011

By John Galt May 25, 2011 It is truly a sad moment for those who followed Mark Haines career at CNBC. He was one of the few journalists who actually asked the hard questions and did not participate in the financial markets as either a cheerleader or reporter with an agenda. Godspeed to you Mr. Haines and may everyone pray for his family.


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