Carl Icahn: The Fed Can't Keep Printing Money

Carl Icahn, chairman of Icahn Enterprises, says he can't predict when a bear market will occur because there are too many variables. But he says the Federal Reserve and government can't keep handing out money. He speaks to Bloomberg's Erik Schatzker.

[@jamespacheco8280]

The Market has been pretty bad until today it decided to surge. Everybody was Practically Crying then. It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Hilder Ferguson. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profits

[@leahroberts2]

A wise person should know that in order to build success, you should invest wisely and have proper knowledge or guide in the finance market.

[@oliverclinton5145]

I trade with expert Hilder Ferguson trading services. With her strategies i have been able to recover my lost and still earning.

[@jamespacheco8280]

@Steven Enriquez you can reach her on Telegrm

[@jamespacheco8280]

"Tradewithhilder"

[@jamespacheco8280]

That's her username on Tele Gram

[@charliebarton]

In 2006 I was in Poland talking with some university students and they were telling me how there was an illiterate populist farmer who ran for office saying that all the government had to do was print money and make everyone millionaires and everything would be good. They lamented that he got a chunk of the vote. Years later I thought of that that farmer and concluded that he might not make a good Polish president, but an excellent head of the Federal Reserve.

[@markburnham7512]

And there are a few people who are smart enough to find great opportunities in the midst of terrible situations, and you can bet your life Carl is one of them.

[@princetate1586]

🍿🍿🤣Greetings from Zimbabwe ☕

[@lliamjurdom9505]

Milton Friedman said inflation was always the fault of the money printer of a country ... many countries have been doing this .... thats why inflation has flowed so rapidly ....

[@nadiasmith226]

Why is it that when people have experience they are never listened to. It’s like taking to teenagers. ( yeah that was then and this is different mentality) People only learn after the fact.

[@MegaUali]

Inflation or not, Carl needs to stop throwing boogers at that wall!

[@sunnyd4734]

I wondered 🤔 what that was 😆🤣😂

[@patrickpellegrino]

Carl: fed can’t keep printing money! 💸 Fed: hold my beer

[@randomdude7384]

"Hold my printer."

[@mr.v3061]

Funny fact: The Fed hasn't even printed a single dollar.

[@tktimber418]

@@mr.v3061 you are talking semantics.

[@gr1iev3r10]

made my day XD

[@euop3418]

Didn't they announce they are going to stop printing starting March?

[@RHt09]

“You can’t keep printing money” “I don’t want to say the fed is doing a bad job” Lol Come on man

[@acegibson9533]

Carl is only a tough guy when he can bully someone around.

[@herojiro31valmire32]

America can't afford to tighten or raise rates. USA has to pay off the debt with inflated dollars. Taxes must be raised - a sad fact.

[@harrisonwintergreen1147]

The Fed have painted themselves into a corner with 2 options: inflation or recession. And nobody has backbone to call for short recession to cure chronic inflation

[@titaniumsandwedge]

Recession is not a foregone conclusion. Powell needs to raise rates just enough to remove enough demand to reduce inflation. Tough job.

[@CamelCase-gz2ti]

It won't be short.

[@ReinaldoMichael]

it's between hyperinflation or greatest depression (worse than 1929). Thats why it is tough call

[@meh4770]

There is no painless inflation this time. Debt levels are too high. The solution is 5-10% inflation for a decade to reduce debts and then raise rates.

[@cathode5115]

@@meh4770 bold of you to assume they'll stop adding debt

[@creepycrespi8180]

This is not a bear market. This is a lifestyle change.

[@Vl7248]

I just payed $5/gal for gas.

[@sumitomoO0O]

FED saved the rich people, those who have stocks. Risk takers (stock holders) never lose. If economy is good, the stock market up 25% every year. If economy tanks then FED does QE and stock holders make 30% a year. All that QE is resulting in inflation, but asset holders are happy as their assets inflated to the moon. Shame on FED

[@redman3863]

Correct

[@Hddftkkk]

So keep investing :)

[@Defy_Convention]

The market is only supposed to return 8-12% per year, people have unrealistic expectations if they think they're supposed to make more than that.

[@asolano]

Maybe you should have put some money into stocks instead of buying into the crypto hype.

[@kaskoosek]

@@Defy_Convention the question is real or nominal. I think its closer to 3 percent in real terms.

[@prakashdayanandan3176]

erik is the best interviewer ive seen on US tv.Great questions

[@sanjose101ful]

i just sold my 2000 camry with 205Kmiles for $3200, which i have bought for $500 during the pandemic. Now that said a lot about the money...it is worthless !

[@albertalbert4333]

That, is a staggering example of the current state of currency.

[@sang3Eta]

I know someone who bought an Audi RSQ3 for £40k on credit and sold it for £50k 3 months later, a 25% profit. The inflation is insane when you can trade cars like stocks.

[@asolano]

No, you just found somebody in desperate need of a car.

[@albertalbert4333]

@@asolano actually, Mike's story is repeated many times. Can't write it off as a " one off".

[@Vl7248]

@@asolano because all other cars are $10k++. $3200 is a bargain for a running car

[@stefanpatric2740]

Nice shirt Carl! A red one would be better.

[@dannypowers4995]

Money has to mean something. Not jus a piece of green paper. Its being reported January inflation was up 1%. Revised from .5 %.

[@chrissinclair4442]

When interest rates hit 18, I doubt kids will have the manhood to put everything in bonds.

[@happycakes1946]

If inflation is 50% I won't be putting money in bonds.

[@robobrio3580]

I shall simply put my manhood in blonds at 18%. So funny, I get 14.5% from Uncle Carl right now in IEP. ❤️ U Carl

[@noahwhipkey6262]

do you have the manhood to buy crypto. no? :)

[@YallaMiami]

Bitcoin is the answer 🥲

[@vitalsigns6403]

Fed has done a good job saving the economy? Wow. What a sellout! The Fed is the main reason we are in this mess Carl🤡Come on man

[@asolano]

So you are better qualified than the people at the Fed to steer the economy. You must think you're really smart.

[@vitalsigns6403]

@@asolano come on brother. The FED has destroyed the purchasing power of the US Dollar. They have now moved us into the highest inflation in 40 years, crushing the buying power of the people they claim to supposedly want to help. I am not academically smarter than anyone in the FED. However, everyone knows they are obviously wanting all this inflation to float away the debt while they pretend to say they will fight it. They are smart, but they are also deceitful and immoral. That my friend is why I say “End the FED”. Let free markets happen and let the chips fall where they may.

[@asolano]

@@vitalsigns6403 end the Fed? You need to do some reading and stop listening to all the nonsense about money on KZbin. Read the article about Wildcat banking on wikipedia to get some idea why we need the Fed.

[@vitalsigns6403]

@@asolano agree to disagree my friend. Need to go back to the gold standard. No more free $, QE, buying of MBS, etc. Every fiat experiment always goes to zero crushing buying power all the way down.

[@gen-X-trader]

This is like the same speech we have heard ever since 2011. I'm sure it will be correct eventually

[@jorge1170xyz]

Each time the train started to come off the tracks, the Fed smashed interest rates down to a new low and revved up the printers even more. Now the Average Joe is feeling the pinch of all those devalued dollars and excess artificial demand. It's going to interesting to see how they fix this mess they made.

[@philolen481]

Uncle Carl knows -- The FED should have raised rates last summer 1/4 at a time you never would of had this hyper inflation that is going on Now & STOP printing money

[@asolano]

Hyper-inflation and high inflation are two very different things. The only way we'll see hyperinflation is if the government were to lose its ability to collect taxes... wich will never happen as long as we have a country.

[@frankg8861]

Wow Carl looking not too healthy

[@orwellhuxley6301]

This is a movie we’ve all seen before. Please tell me something I don’t know. Back in the 80’s I purchased my first home with a 16% interest rate. We got a long way to go boys and girls.

[@asolano]

The snowflakes want everything handed to them for free.

[@dannypowers4995]

Back in 1982 I bought my 1st CD at 9%. Great times. Simple living.

[@kennethciardullo3534]

They have to bring in the oil and natural gas. This will help us greatly

[@Rethanos]

Billionaires: "God alright guys, even we're getting embarrassed by how much you're handing us."

[@dannypowers4995]

Money always flows up never down.

[@MistaSmilesz]

sooner or later can mean decades, or centuries we all know it’s dysfunctional, but they’re not going to stop

[@jackjohnson9449]

FN Brilliant, keep it simple.

[@Equitybonds24]

You can't predict it but Icahn

[@nacomdt]

"Not predicting a bear market"... He actually kinda is.. but doesn't want to say it.

[@asolano]

He is not because he doesn't want to sound like every other fool who is. Nobody knows what's next.

[@mendoblendo321]

I'm Glad my grandparents raised me. They saw and live through all kinds of shit like this. Not selling out of stocks. Hold and believe gents

[@joehenderson1]

They never could print money in the first place- they print currency.

[@bradleyqueen3879]

couldnt agree more.

[@mgtowbylogic5592]

The fed: “… hold my beer.”

[@LouWillx23]

Government can’t control inflation so what do we do, pick a fight with RUSSIA 😂🤣😂

[@jaemoon3593]

I think it's too late. Fed can't taper or stop printing if they wanted to.

[@dementeduncle]

They have to inflate the debt away. No other choice now.

[@Okokikinokokoninin]

great man

[@johnconley3473]

The Federal reserve has propped up the stock markets and zombie corporations.

[@anthonyhu742]

This showed up in my search for count dooku.

[@RabbiRabbit87]

Wow what a revaluation!!!! Who would have thought.

[@Officialkiddleon]

Old school grampa billionaires has a way of explaining markets in the most simplest ways.

[@anthony212459]

😂🤣😂🤣😂🤣. Oh man that was a good one.

[@Mishk]

Instead of the fed giving our private sector a reason to do stock buybacks using fed money, we should have the federal government be pulling of a Modern era New Deal. Investing in our communities for the future.

[@OG_Jin_Bling]

The problem with that is that most of the money will be spent on non infrastructure related things that entice reps to vote in favor, and planning to one day do the work.

[@Mishk]

@@OG_Jin_Bling are you suggesting it’s better to not bother trying and stick with the current way we are also not spending money for investing in national growth?!

[@Mishk]

@@artandarchitecture6399 nothing you said is wrong. The only difference is the workforce participation rate is extremely low right now. Many people are not working. I think people are sitting on the sidelines bc the quality of the jobs are bad. Having more competition for the private sector to provide better jobs is not a bad thing

[@sundancer7381]

Since banks can loan 10 to 1 (assets in bank) .......it's already printing money. How's that going to change?

[@andio310]

If they think the fed will be aggressively slowing down the economy the banks will choose to lend less.

[@asdfgh26049]

Keep pushing out money hand over fist and destroy the currency.

[@mauriceorayii2964]

Don't get distracted from the DC convoy.

[@shiba7446]

There only 2 options print and inflation or unemployment pick one please.

[@bc5843]

Have not even had a correction yet. It's going to be ugly.

[@jaemoon3593]

Investors believe we will actually cut rates by 2023. Fed forever.

[@Ricocase]

So...what are people supposed to buy?

[@mytakeoncurrentevents3065]

What is important is what is done with the money that is printed. If the money is used to fund research and development like that will create value like the computer industry or the cell phone, industry the economy will outgrow the debt. Innovation is the key to reducing the American deficit.

[@BoomBustProfits]

The FED funds the Banking Cartel, it's friends, and the Government, that's where it goes...GOvernment is BY DEFINITION as shown by all of history & simple logic an inherently inefficient, wasteful, & coercive territorial monopolist of ultimate decisionmaking & violence. There has never been a fiat currency that has not failed. How much value have Federal Reserve notes (aka US Dollars) lost since their creation? The last 5% or so will go even quicker....By the way, the Federal Reserve, Bank of Japan, and especially the ECB are all insolvent...and become MORE insolvent as rates rise. Central Banks are completely Trapped with no safe exit.

[@asolano]

Or used to turn raw materials into valuable things like homes... the Fed knows more than these morons give it credit for.

[@mcr257]

Dollars are not money, and the fed has not been printing them. (Gold silver and Bitcoin are Money, Dollar is a currency)

[@augustuscaesar4180]

Gran Tierra energy GTE on the NYSE

[@klam77]

This is wisdom? Water cures Thirst.

[@jaemoon3593]

Fed still buying bonds...

[@asolano]

As they should. It's their job.

[@Driven-Productions]

I agree - but market is resilient and holding up. Another bounce off the 200 daily today. Or we could he making a right shoulder.

[@albertalbert4333]

The feds market desk keeping everything propped up. When it stops... it will be very fast.

[@Harry71D]

Beginning to think saving American currency is foolish.

[@blanket1309]

The best investor

[@DocDanTheGuitarMan]

Good example of how to say nothing about something so important.

[@1linkbelt]

That is exactly what he said!

[@kimngantran1188]

Damn right

[@SainathKanamarlapudi]

They can bcz cash doesnt have any backbone. Its all gonna lead to hyper inflation making people poorer and poorer in all countries.

[@crb4059]

Congress must spending money we dont have on projects that dont benefit anyone

[@RandomUser25122]

Whilst Icahn is right, the alternative is to allow the largest economy in the world to go into a massive recession. I know billionaire Carl can afford to go through a large recession, but a majority of normal working people will struggle em more. So what’s your alternative, Carl? Winter in Aspen or San Moritz until the recession is over? 🤑

[@sumitomoO0O]

Koala, you have no idea. FED actually saved the stock holders not the economy. Stocks are up 70% compared to pre-covid. Rich already made 10 times more wealth than the inflation. Poor people have no stocks, so their wealth went nowhere, except that the inflation is killing the poor.

[@jameswalker366]

@@sumitomoO0O US Stocks. Other stock markets are only just back to pre COVID 2020 levels . FTSE 100, STOXX 600 for example. That’s the point that needs to be meditated on. Perhaps the US will see capital outflows.

[@patboland1650]

You cant delay pain without making it worse down the road.

[@asolano]

Agree. The Fed has done a terrific job and Mr. Icahn knows it. The lazy will always try to blame somebody else for their personal outcomes.

[@mallarchakraborty6521]

@@sumitomoO0O technically it's not the Fed's mistake. QE measures have always been part of the Fed's arsenal when the economy is facing recessionary pressures. I don't think they expected so many people in america to take their stimulus checks and use that to speculate in the stock market. As a result, market's are at an all time high. Rich ppl got richer cus 80% of their wealth is in stocks.

[@LivingWithGout]

Productivity has to increase, but so far productivity has not met monetary expansions.

[@asolano]

If we can convince more people to go in the trades and we are able to build more homes this economy would see incredible growth. Problem is people don't want to work or want jobs they are not qualified to do.

[@apmmasterpcapmmasterpc]

please print more so i can play more

[@heavyd7763]

I think Fed knows more than simple 101 economics

[@dennisbernic5856]

you'd be surprised ...

[@nadiasmith226]

Why is it that when people have experience they are never listened to. It’s like taking to teenagers. ( yeah that was then and this is different mentality) People only learn after the fact.

[@parth120990]

Come on now… Carl be a man and be direct with words… we are F*£ked and it will definitely not take 4years for us to find out

[@zenglider2145]

"If the Fed keeps printing, the economic consequences will eventually become disasterous, history shows." All the rest is equivocation, hedging, repetition and fluff despite Erik Schatzker trying his best to prevent the interview from being a trite, vapid waste of 3:28 time that added no more insight than what is stated in the title. The Icahn name was simply clickbait.

[@RabbiRabbit87]

Couldn’t agree more

[@mallarchakraborty6521]

so what were you expecting? Icahn is just gonna give his prediction out in the public for free? Man is probably sharpening his strategy for investment based on his prediction. He's not gonna tell it out loud in a bloomberg interview.

[@zenglider2145]

@@mallarchakraborty6521 Sharpening his strategy by telling anyone interested in listening to his interview something that is known to all?

[@geoffwyness2645]

Yes they will.

[@AnhTuPhucDerrickHoangCanada]

Cash is going up!!!!

[@frankg8861]

All the money in the world don't mean jack if you don't have your health.

[@WorldCollections]

1:43 you can’t predict, BUT…you can say what is more likely. We don’t care about predictions, we care about likelyhoods. Predictions are like horoscope readings.

[@england8331]

Yes, they can...

[@Giatros89]

Bitcoin is still correlated with stocks right now because a large amount of money is using it like stocks and trying to make profits on swings. Eventually people will realize that it's one of the best most liquid hedges against inflation and when that happens at least we'll have an outlet in the face of rampant inflation.

[@threeone6012]

The Fed most certainly can keep printing money. Roaring fountains of money!

[@andio310]

If anything can stop them from printing it’s Inflation. Cant fight a fire with kerosine. I mean you can but...

[@jerryware1970]

Yeh it can, but there’s a cost.

[@FOXAMG63]

This dude basically was ambiguous as Fcuk. “I’m not saying we are in a bear market but someday it’s going to end badly “. Great cool, very helpful Lol

[@jaemoon3593]

Jnk bounced off 103 support. Dec 2018 waterfall began there. Fed's put is around 440 SPY. Fed won't let spy drop below 440.

[@nomad2611]

Lol 😆 440 I'd say 380s maybe

[@planofarmer294]

412 today

[@AloneInTheVoid]

Thanks for the HS economics class. I’m pretty sure I learned all of this in 9th grade.

[@solweinberg4339]

No one compares to Peter Schiff explanation. Makes these guys sound unprofessional despite all their success

[@cryptoart2794]

Carl must be out of the market before the BIG crash of 90% of the stocks in the last few months.

[@mallarchakraborty6521]

Is that your official prediction?

[@bobnobb3226]

So true, sad sad sad. But made by design, it doesn't just happen over and over again. it's made!

[@getsickiebrah]

end the fed

[@bipolarbear9917]

The way to fix it is to hike the tax on the wealthy. In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%. The problem isn't the deficit so much as where they spend it. If it always goes to the rich, that;s what screws the economy. Spend the money on the poor and working middle-class and they will spend that money straight back into the economy instead of the rich buying back their own stock or sending the money to offshore tax havens.

[@JohnDoe-bb1ib]

“Get back in there and sell Mortimer “

[@TheTraderGuy]

Money isn't created at the Fed, so he is correct.

[@boombam2285]

Wow... Carl looks way weaker than 2 yrs ago.... Hope he stays healthy

[@jamesscott479]

When inflation outgrows a average man's paycheck and he can no longer pay his bills and buy groceries having a lot of physical gold and silver around will be appreciated

[@maximo6037]

An average man cannot afford to have "a lot of physical gold and silver"

[@hRt42kuo7jTtmk14]

Can’t eat gold. Or wipe yourself with silver.

[@albertalbert4333]

@@hRt42kuo7jTtmk14 but the things you can get with it.

[@hRt42kuo7jTtmk14]

If things get that bad then rice and wheat will become more valuable than gold.

[@albertalbert4333]

@@hRt42kuo7jTtmk14 yes. It is why I've used precious metals to expand my farm. The profits from both metals have provided me with my solar panels. Basically free.

[@NoorAhmad-ts7iu]

your "unpredictability" can be phrased as Let's see who rule the world? Answer is coherency of various pieces of knowledge.

[@Burgermonster]

Great, let's raise rates so banks can make more money!

[@chriscagle4226]

Yeah they can

[@tktimber418]

Ha. They can. They will. The only thing he gets right is it will end badly.

[@asolano]

People have been saying that since I can remember. There is no money problem a little inflation can't fix. We'll be fine.

[@4240moe]

Carl is ready to buy another dip and hoping the market crush like the way he screwed up hertz.

[@luckyluke1503]

Of course they can, and things keep getting worse and worse and Dollar will crash. But The Fed has been printing money like crazy since 2008 crash.

[@asolano]

Still the best economy in the world and the best country to get ahead in life if you are willing to study and work hard.

[@asolano]

In short, the Fed is doing a good job and nobody knows when and how the movie is going to end. Got it.

[@indigoinkognito9878]

IT'S SIMPLE - "NOTHING IS SIMPLE..." PRINT MONEY AND LOST IT TO CHINA... - IT'S SIMPLE....

[@mallarchakraborty6521]

I don't know how well read in economics you are, but China is having some massive problems as well.

[@GarrettGoodenough]

Carl looks frail his edge has softened

[@haetae7904]

Icahn literally said nothing in 3+ minutes. If the US continues to print money, things are going to end badly. I don't know when, but it is going to end badly. I don't know, but it's going to end badly.

[@willybyun1834]

Tell us something we don t know mother flower

[@i.p.knightly149]

The government doesn't want you to know this but you can actually increase a number ten-fold with a single zero on a spreadsheet. It's mathification, look it up if you don't believe me.

[@danp3808]

You can also decrease the value of money a little by just putting a dot before the number

[@asolano]

You suck at math and accounting. 😂

[@carefulconsumer8682]

🥺😢

[@generemotebookkeeping6813]

Sounds like it’s time for Morse Stimmie checks to me