Budget deficit putting Treasury prices in danger zone, suggests CNBC's Rick Santelli

[@RobAllen28]

We work for years to earn £1million on our retirement while some people put thousands of dollars in bitcoin and they become millionaires

[@michaelbenjamin2643]

I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.

[@RobAllen28]

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[@FDWhiteInvests]

That disclaimer came on real fast after Rick was done😅😅😅😂😂😂

[@VeritasLuxMea4]

Lmfao fr but he's the truth. I could talk hours with this guy 😅🤣😂

[@EriksJourney]

I love Rick. He keeps it real. He’s a legend.

[@willtwain1383]

Rick is insane.

[@durkdiggler4346]

@@willtwain1383lmfao

[@BRuane-pw6xq]

Hates debt only when Dems are in White House 😂😂😂😂. Trump exploded debt both before and after the Covid excuse .

[@BRuane-pw6xq]

​@@willtwain1383He once suggested we have parties to spread Covid in Spring 2020. How he kept his job was astounding to me

[@willtwain1383]

@@BRuane-pw6xq Rick is a complete hack.

[@MikesRestorations]

I love it! Go Rick!!

[@donpresidente2121]

I couldn’t agree more Rick !! 👍

[@2023gainer]

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[@LetsGoPats819]

The bond markets are going to continue to rise. It doesn't matter who is president. Both parties can't stop spending. Someone at some point is going to have to be the bad guy, do the right thing and cut the spending.

[@PLASTICPIPE]

100% CORRECT!

[@onionpeeler2023]

Rick Santelli is bearish, I don't hear this very often...

[@goma12x]

Get em Rick.

[@guominwu2812]

Rick Santelli is the best!

[@georgemaximus694]

Wow Rick is really hyped up about this.

[@dennism7909]

the 10 year will be back below 4% when hurricane helene effects show up in the data

[@emmany5302]

The dollar's status as the reserve currency is diminishing. BRICS will try to sideline the dollar further making it harder to fund the US deficit.

[@LetsGoPats819]

I thought inflation was caused by greedy corporations? 😅

[@Niseedyyube6486]

No need to yell, but at this level of yield, it's very dangerous.

[@daveg.9939]

Santelli doesn't ever "sugar coat" it..........if it's good or bad........Rick's gonna announce it with a bullhorn........

[@thomasruge]

Rick gets hangry when he misses his afternoon snack.

[@Chris-xv7wd]

Boomers did this. History will not forget

[@seanclarke4875]

Wow, that was clear

[@rustinjarrell2717]

“We still have the reserve currency, and I don’t think that will change.” actually the possibility of that changing is the highest it’s ever been.

[@ronsmith2587]

My 👀 are still clearly focused on the ongoing depression.

[@PP-oz2oj]

Who knows quality of Treasury debt better than Russia?

[@drscopeify]

Russian people are kept poor on purpose by the Government in Russia so that the oil the Russian government sells and export gives Putin total control over the country and economy. It's a game with a balance between inflation of cost of manpower, AKA the value of Russian people VS the income of the Government/Putin from oil/gas and other exports

[@jp-sl7cd]

@1:52 "really no competition on quality of debt US offers for sale"(rephrased) lol, 35 T in debt, 2 T deficit, 1T interest payments, sanctions left right and center (example on russia).

[@danielhutchinson6604]

Last information that I hear, $1.3 trillion is the interest payment. For almost 20 years the Treasury have been shuffling numbers through other Government offices, to provide an appearance of avoiding Default.... Now another Gold Standard Currency becomes a opportunity, for the Nations with a majority of essential elements of industrial production. US Fiat Currency seems to be pricing itself out of the Markets? The US Treasury might just be "Dead Broke", as Senator Tommy Tuberville has been heard to say.

[@drscopeify]

We had very very little trade with Russia so that's nothing

[@jp-sl7cd]

@@drscopeify but the rest of the world looks at it with an obvious question - are their deposits safe with US or they can steal them as well?

[@jbranche8024]

He is dead on right about US Debt today. We can only hope government can wake up and start working to reduce the debt to a reasonable level

[@drscopeify]

@@jp-sl7cd First of all, most of what was frozen was in Europe not in the USA, The amount in the USA is 6 billion which is really really small. Second, most of the money is assets that belonged to Russian companies like investments, business checking accounts, Russia did not store gold or other assets in the USA. So the amount we are talking about here is nothing crazy. You have many wealthy Americans that have more than 6 billion so this is pretty small amount.

[@KevinGetch]

Rick, you're contradicting yourself. You don't think it's the best, but you think it's the best. 😂

[@steadfastanddomino]

Sorry, I can't hear you old timer. Can you shout a little louder?

[@SimonTemplarDude]

Head on. Apply to head

[@sais1373]

Typical boomer shouting and screaming. And always talking about oh we were so good a generation back.

[@thaboog]

Boomers got us into this mess, spending belligerently since the 80s. Now the youngsters have to clean it up.

[@marcussloss6937]

@@thaboog Clinton ran a surplus. Do some homework.

[@thaboog]

@marcussloss6937 he's the only one. I've done my homework. Thanks for your concern.

[@blipblop92]

Yes because they lived longer and experienced more than you 😂

[@georgewilliams7301]

⁠​⁠​⁠@@marcussloss6937Clinton cut taxes. I did the homework!

[@Alvin_pson]

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

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Wow that's huge, how do you make that much monthly? I'm 37 and have been looking for ways to be successful, please how??

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[@JacobBrown-140]

People are ignorant of profitability in Bitcoin investment and that has been the major issues limiting their investment

[@mattiewallis21]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@theodoreleste]

keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory

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[@Dante3X]

👀

[@fafillionaire]

Budget deficit? Yeah thats what it is 😂

[@brianp1030]

They are suggesting the fed decreasing the funds rate is intended to decrease long term rates...never has that been the case. Longer term rates are more based upon inflation expectations and we have a lot of current debt and one should assume that is a fair expectation given current deficits.

[@leroyisaac1708]

Agreed, and he was shouting, since Congress doesn't do anything.

[@jaym9846]

Stocks up, Gold up, Silver up, Crypto Up. Thank you FED.

[@Bjamin9891]

Home prices up grocery and cars prices up inflation up thanks fed

[@coreyleander7911]

@@Bjamin9891wasn’t that the Covid supply shock inflation and the interest rates necessitated by it?

[@skulls121]

Stop shouting

[@ludda42]

He can’t; seriously he can only shout haha

[@stevemelton4388]

Interest rates aren’t going to 15%. Economy is too weak…. even though no one wants to say so

[@fafillionaire]

Agreed on 15% yields, but the cash on good companies balance sheets is unfathomable. The economy is strong enough to move on without help from central bankd and all that powder will result in the next commodity super cycle. Yields definitely going to 8%.

[@adeebihabibi]

You obviously don't understand how interest rates work

[@fafillionaire]

@@adeebihabibi you're underestimating tools the fed will create to fix the situation. They can do WHATEVER they want. And they want the trillions of dollars in tech companies bank accounts back into government bank accounts.

[@imranabbasi3907]

Lmao he’s so mad

[@Hannah-pb5px]

You are our hero, Rick!!!

[@willtwain1383]

Tax the rich. Tax corporations. Problem solved.

[@MotoM1234]

Until they move to other countries….

[@willtwain1383]

@@MotoM1234 Where are they going?

[@willtwain1383]

@@MotoM1234 We have the lowest tax rates.

[@willtwain1383]

Most companies cannot leave. McDonalds would have a hard time mailing burgers to customers.

[@adeebihabibi]

Nope

[@RashelYeva]

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.

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[@HaholBarton]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

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[@LouisTheTraveler76]

Rick needs to chill - he always sounds like he's arguing and yelling with an invisible sibling.

[@TorukMaktoDracarys]

Rick is 💯% Right, & we haven't seen anything yet, it's about to go dow...

[@coreyleander7911]

He’s not right. All these people screeching about the debt and how “deficits” and spending are rising are in effect lying to you. Excluding Covid, not even Biden’s fiscal stimulus has gone out the door yet - the bulk of the “extra spending” is the *inevitable* higher spending on interest servicing our yearly debt. It’s nearly a trillion alone.