Rick Santelli has been known to call the baby ugly when needed. During an epic panel discussion around the motives and intentions of President Trump’s trade reset, Santelli gets passionate when describing the valid reasons for Trump’s tariffs.
The CNBC panel, mainly Steve Liesman, tries to downplay decades of the working-class being diminished by economic panel, and Santelli was having none of it. Video prompted, WATCH:
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Posted in Auto Sector, Banking and Finance, Deep State, media bias, President Trump, Trade Deal, Uncategorized
Don’t worry, President Trump is implementing shock treatment, that’s exactly what a good economist would do. Just keep fighting inflation, don’t let corporate america raise prices.
Make corporate america work to keep prices down or lose their ass! – they won’t be getting subsidized this time!
They’re not going to be able to sustain monopoly prices in the environment President Trump is creating rapidly, this is our last big hurdle against the idiots.
This will be easier than the election and take less time, it will also come naturally to all of us – just only buy what’s necessary (that’s a good way to live your life anyway: “only what’s necessary”), and think out of the box to find better products at cheaper prices, and if you’re not satisfied with any of their crap use your imagination and do without.
This is a philosophical, theological, patriotic duty, – our last big fight – Hurrah!
don’t buy foreign, if you have a choice.
USA USA USA USA USA
Keeping the supply chains short is a good thing.
Really like your moniker MG.
No subsidies. No bailouts. No special insider deals. No foreign giveaways.
Right. And no carve outs. No “minority” set asides either. No market distortion.
“Make it yourself, make do or do without”
Leigh & Robert Bortins – Why Parents Are Ditching Public Schools for Homeschooling
It’s all connected
Eyes Right…
naturally
“Experience has proved to us that a dollar of silver disappears for every dollar of paper emitted.”
–Thomas Jefferson to James Monroe, 1791
fwiw. No affiliation.
-Dealer Reveals Test for Fake Silver & Gold – DON’T GET SCAMMED!
https://rumble.com/v5yaqu5-dealer-reveals-test-for-fake-silver-and-gold-dont-get-scammed.html
You have been flagged ,now get lost.
Buy used when and where feasible. Americans throw out and trade in a lot of stuff that still has a long service life, even if it is no longer “the latest coolest thing”.
Almost everything I own is used. It saves a ton of money.
LetTrumpGovern….this is what I voted for
CNBC panel is not talking economics. They are talking Democrat narratives that have no basis in reality. President Trump is a genius and I pray that everything that he wants to get done actually gets done in this term.
Praying along T2!
Me too!
He’s definitely smart enough to know who to hire. He’s got some great people working for him
Buy🇺🇲iCan
Joe Kernan is a MAGA patriot.
He sure is.
“That’s because we’re the richest country in the world”
What a doofus, if being 37 trillion dollars in debt is being the richest country what’s the poorest?
We have been completely gutted.
How much further can we go as a service sector economy?
As Sunny says, “Main Street vs K and Wall St”
That bogus, guilt-inducing sentiment that, “we’re the richest country in the world” has been used to justify the looting of America over the past 70+ years. It has to be stopped one way or another or America is finished.
I trust Trump to get it done.
All these Money morons at CNBC – CNN – Fox…
They are just another version of the 51 Intel officers…
They are the ones crashing the markets…and they are not going to stop…
Thy want Trump gone more then the lefties
Key give a way is how almost giddy they are reporting on the market. They’re almost as giddy as they were during covid.
modern fascists called harris waltz voters uses nazi tactics but hide behind people of color card
Hitler whom want to continue war after chamberlain appeasement=dnc love bonus proxy war after install biden in oil
love demonize anyone as pro-putin if you don’t blind follow pnac agenda plus smear symbols to break glass 2017 inauguration
demonize unvaccinated to ave grand ambitions of occupy 7 countries in middle east
false flags=
“DC District Chief Judge James Boasberg gives Ray Epps a walk. A year probation for his role on J6!!
“Judge Boasberg also happens to be the judge that gave Kevin Clinesmith a free pass for fabricating evidence during the Russia Collusion Hoax to obtain a FISA warrant on Trump.”
TheLastRefuge
@TheLastRefuge2
This is very well said. From “Joe S”, pay attention: …”Over the next 6–12 months, globalists will do everything they can to stall Trump’s trade reset. They can’t stop it head-on, so they’ll slow it down just enough to let rigged election cycles or bureaucratic drag kill the momentum.
Cont…
And…
Doug Ross
@directorblue
Interesting hypothesis. Two thoughts: 1) Large percentages of the IMF and World Bank are funded by… us. So in doing so, they may FAFO.
Cont…
America giveth, America taketh away
Pull it up by the root, President Trump!
“Those who make peaceful revolution impossible will make violent revolution inevitable.”
– JFK
excellent comment and links
Why the US Can Impose Tariffs and Still Remain Attractive to Trading Partners
https://ceobloc.com/blog/why-the-us-can-impose-tariffs-and-still-remain-attractive-to-trading-partners?twclid=217ujlkj6du7bmxyhzdxifae3w
If we can understand that the US has over 7 trillion dollars of debt coming due THIS YEAR, it becomes understandable why tariffs are on the table. Will the stock market crash? Probably, who knows how much. But the Fed has to get their butt whipped so they’ll lower interest rates to the satisfaction of 47. Then when we get this behemoth of a sovereign debt crisis landed we can get on to the next phase. In the process, IMO we’ll see the money printer go BRRRRRRRR again and debase the USD much further. Not good but if anyone can make a deal to help our middle class (me) we got the right man on the job.
CBDC is not on the table. Trump has said this and I take his word on that. SBR, all the Bitcoin ETFs are in play and now they’re looking at a Bitcoin backed bond that has some very interesting upsides, both for the govt and the holders.👀
Keep the powder dry, stay humble and stack sats if you know how. If not, put some time to learn bitcoin! I’m screaming it from the top of my branch over here. 🫡
As other countries debase their currency, to absorb and offset the tariffs, a “strong dollar” actually hurts us, because our products are more expensive to sell into other markets.
So, a little devalueing if the $ is just fine.
All politics is local. All economics is also local. What helps your family and your community is what matters. Nobody but the globalists care what benefits the worldwide trade system or workers in another continent.
I was just thinking; if we had a situation where Wall Street made out like bandits while we stagnated, couldn’t we also have the flip side, meaning middle class doing OK if we’re thrifty and cautious even if Wall Street is taking a bath?
Only 8% of Americans live off the market.
Collin Rugg
@CollinRugg
NEW: UK Prime Minister Keir Starmer to declare that globalization has failed, plans to show that he understands President Trump’s tariff decision.
The announcement is set for Monday, according to The Times.
Cont…
What a stiff. Looks like he belongs in Madame Troussants Wax Musium
If thats legitimate, he’ll be talking thru clenched teeth, but has no choice.
Now Brexit, even as half-assed as it is, pays off.
As the other countries of the EU see the deal they could get, they will break away.
End the EU.
A big knee has bent, if this holds. The EU will follow. They have no choice.
Yes.
The turnaround on PDJT’s brilliant tariff policy may be even shorter than some of us feared.
Liesman is a well-known tool
Name says it all.
Fed is always right lap dog. Insufferable.
Why the stock market calamity? It’s because all of these US companies out-sourced their manufacturing over the past 50 years in order to maximize their profits on the backs of the middle class. How about we get the middle class off of public assistance and back to work? Personally, I like Trump’s tariff implementation because they are not truly reciprocal and rather than protect American business and labor, they tend to provide enough of an incentive for them to attempt to compete. Many are approximately half of the tariffs faced by American goods in foreign markets. As an engineer I firmly believe that American ingenuity can make up a lot of the difference and certainly more than enough to compete globally, even against slave labor in many cases. Forward thinking US companies will make technological adjustments to capture additional market share even in markets where there are tariff barriers in place.
So-called American companies were falling all over themselves to move factories overseas so they could make more money. Life has been great for the 1%ers. Particularly with all the deficit spending and inflation over the past 5 years with most of the money landing in the pockets of the 1% . Trump tries to unstack the deck against middle class working Americans, just a little, and the RINO class, limousine liberals, and other globalists are crying out over how bad the economy will be hurt. God forbid their wealth is not growing at an obscene rate and middle class people might actually have a shot at quality jobs.
You mean robot labor?
How does that help the majority of the working class?
The robots need to have people set them up to run their tasks. People need to make the tooling these robots run. Maintanence is high on robotics, need people for that. The face of the jobs change as technology marches on. You always need competent people no matter how much automation comes into play.
Think horse and buggy to automobile. I’m sure many thought the sky was falling then.
The more automated something is the brighter the repairman has to be.
Robots are overhyped. They are still basically dumb machines that can do some sweet tricks when programmed. I wrote code for one that worked on the shuttle. The robots at a McDonalds kiosk still need someone to fill the ketchup, mustard and mayo dispensers and clean them periodically. The fryer needs its oil changed and the burger, chicken and fries need refills. In addition to cleaning, somebody has to go fix the messes created by unexpected power outtages and electronic glitches. The more complex the machinery and electronics, the more frequent the faillures. Surely, you have heard sad tales about anti lock brakes, self driving teslas and rear view camaras failing in some situations or before mechanical parts do. Yes, there will be automation and lots of it. It will not be the human free world the globalists have envisioned.
Theis panel sans Santelli are morons and they cannot even pretend to be smart.
I am bored with their mental vacancy.
This is disgusting! He should be crushed!
Hedge Funds are part of the Wall Street parasites that have sucked the life out of the American manufacturing base. They all need to face the music of the schemes they created and not be bailed out. If they go bankrupt so be it. Returning our country to the people and Main Street means Wall Street and their ilk need to be the ones who pay the price for their Ponzi schemes.
One of major Ukrainian volunteers, Madyar, said – as soon as the war is over, he will grab all of his money and leave the country, because he does not see his future there. So basically people like him took Ukraine, turned it into a kamikaze state, crashed it into Russia, turned it into unliveable wasteland and now plan to leave. This is all you need to know about the kind of people that lead Ukraine right now. Another person – Arsenyi Yatsenyuk – he said on Maidan square in 2014 – “if its bullet to the forehead, then its bullet to the forehead”, as he promised that in case of a war with Russia he would go to the frontline. Where is Arsenyi now? He now lives in the US and gives interviews. This is all you need to know about people that are currently running that “country”. During USSR Ukraine was building helicopters and cars, ships and nuclear powerplants, it was one of the most industrialised countries in Europe and had 50 million people with population going up, now its a Call of Duty map where western pharma tests their products on humans and where people are shoved into mini-vans like farm animals.
Wow, dianwong!
My compliments, your english has improved tremendously.
And your comments are astute, abd right on point.😀
Do you see why I said what I said friend Dutch? I believe they are one of our friends from the Russian side of Europe.
“Yats is our guy.” – Victoria Nuland
and the same kind of people were running the US and using Ukraine for their proxy war with Russia.
They just don’t get how it works !!!
President Trump is flipping the tables like it’s Palm Sunday.
I think we need something like a monopoly game to make tariffs understandable to a simple mind.
They are so stuck in the obsolete system they can’t handle the risks they fear.
Even my conservative friends working in the produce department are asking me to please tell them that it’s going to be okay.
President Trump just needs to create a little leverage to move that mountain. I have faith.
The hysteria will continue until crisis is established.
https://theconservativetreehouse.com/blog/2025/04/04/the-apoplexy-over-the-trump-tariffs-is-the-trillions-at-stake-part-of-our-decades-long-discussion/
Conservatives are the new liberals and liberals are the new conservatives.
It’s April Fools, everything is the opposite of what it should be. – 47
When I was a kid in school we were actually taught how tariffs work, and what they were for.
You’re lucky!
I learned it right here at CTH University.
CNBC is owned by what President Trump has long referred to as the CONcast corporation. Be worried if any Comcast unit starts supporting specific actions by President Trump. They are the “Canary in the Coal Mine”. If NBC/MSNBC/CNBC are happy, Americans are in trouble. The angrier they are, the better! 🙂
“The better we do, the more dramatic they become.” – 47
This is your brain.
https://x.com/Banned_Bill/status/1853842945767592429
This is a noose.
https://rumble.com/v3v03a8-fake-news-is-the-worst-of-the-worst.html
This is your brain on fake noose.
Santeli, Santoli and Kernan are the only ones on that network worth unmuting
Here’s another idiot you can’t trust.
His moniker is Doctor Grande?
That’s quite the level of self-adulation. 🤣
Hey look at me, I’m on the web, I’m a doctor, and I’m grand!
Oh looky!
New strategy emerging: Trump’s an economic terrorist, bullying Congress, lobbyists, and anyone else who gets in his way!
https://www.politico.com/news/2025/04/04/trump-tariffs-fear-lobby-business-congress-00006608
Reruns, remakes, and reboots.
Crossfire Hurricane 4: In Crowdstrike We Trust
https://www.politico.com/story/2017/01/ukraine-sabotage-trump-backfire-233446
“The tariffists hate us for our freebies.” – New Woke Order
Crossfire Hurricane 2: Build Back Terror
Santelli deserves a Presidential Medal of Freedom.
Wasn’t he also the “You Lie!” guy?
I have a vague memory that he stood up at some key moment way before PDJT and pointed out some scathing truth…
Wait – handed my question to the Brave browser’s AI guy Leo, pretty good:
Rick Santelli is best known for his famous comment made on February 19, 2009, on CNBC. During a live broadcast from the floor of the Chicago Mercantile Exchange, Santelli criticized the government’s plan to subsidize homeowners who were delinquent on their mortgages. He accused the government of “promoting bad behavior” and suggested the possibility of a “Chicago Tea Party” to protest these policies, which many credit as igniting the Tea Party movement as a national phenomenon.
He said stuff later that more directly got the tea party rolling, but hnwas 100% reght about enabling people to buy and stay in homes through fraudulent mortgages.
Thank you, Sundance!
Global corporations followed cheap labor. Supply vs. Demand. American companies could not compete with cheap ((fill-in the blank: Chinese, Indian, Taiwan, Vietnamese) labor and were forced to off shored labor or disappear. We lost our machinery, know-how and creativity to make things. Stunningly, we lost the manufacturing of things we need for our national defense. (Think chips and medicine). Combine this strategy with a central bank (that is neither federal nor reserve), whose a monetary system is based on debt (selling US’s bonds to foreign countries) and based on fiat currency (debt notes) not tied to gold, silver any commodity under US control(yeah that petro dollar didn’t help millions of Americans in the 1970s-I remember the odd-even license plate days standing in line to get gas). Perfect system for those who set it up to steal the labor energy of those involved. And, that doesn’t count the immoral laws, policies, rules and regulations or the “off the books money laundering of USAID.
Yes!
And don’t forget steel.
“Chamath’s Three Takeaways from Liberation Day 🇺🇸”….
That was a very good, quick explanation. Thanks for this, Trouble…
What I told everyone (including here) before the election is Both Sides had a visible TRACK RECORD.
Trump had his first term and Biden (actually Obama) had his.
Trump put tariffs on Iron, Steel, and Aluminum in his first term ands everyone screamed inflation, Inflation, INFLATION>
When Trump left office inflation was 1.4%.
Now he is putting tariffs on everything and everyone.
We shall see, but I can see both track records.
Rod D. Martin
@RodDMartin
🚨 BREAKING: Ford’s MASSIVE response to Trump’s tariffs – and it’s a game-changer for American car buyers. Let me break this down for you…
Cont…
https://threadreaderapp.com/thread/1907935156650008818.html
Honda is third in US manufactured percentage (62%)?
That’s better than I imagined.
Wow. This means I may actually get to replace my 2014 Honda someday – it’s still running beautifully after 11 years for this retired 🐈⬛🐈⬛ Cat Lady for Trump 🐈⬛🐈⬛ (granted, it is lightly used). Maybe even with a Honda made 100% here…
Daring to dream.
Liberation Day and Trump tariffs are not the end of trade. It’s only the beginning
https://www.foxnews.com/opinion/liberation-day-trump-tariffs-not-end-trade-its-only-beginning
You have been flagged ,now get lost.
Reading the comments on YT is truly disheartening, where people buy into the CNBC opinion, and call Rick a ‘nutjob’.
It just means Santelli is over the target….when the Fake News stops spewing Hate News against Trump…be worried…be very worried.
The absolute erosion of moral hazard in the financial world has unveiled a dark underside of the human soul. These “Experts” have all been programmed to optimize production for the maximization of consumption. In a vacuum, this is the essence of true capitalism. however in the modern reality of mega corporations its a recipe for bifurcated society. The true strength of our capitalist system is small business not big business as many globalists believe. The US is a consumer nation and without those small businesses the consumer base erodes and dies. This is the key metric the experts keep overlooking. Since the 1960’s the middle class in America has absolutely been the beneficiary of a raw deal from the “Experts” at the federal reserve. They’ve essentially been inflated out of their standard of living and forced to abandon the traditional American family life and have both parents enter the workforce. This started a real transformation of the electorate as subsequent generations were raised differently all the way till today where kids are raised largely by technology. IN the end the biggest thing we’ve lost is community, and strangely I believe Covid was engineered to make that permanent.
There is no way to predict the effects of Trump’s tariffs, there is no way to know whether it will be a success or a failure, but one thing is absolutely certain. The current trajectory of the USA is 100% unsustainable and will lead to an economic civil war in short order. So bravo President Trump for having the courage to try.
Your appreciation of the current situation and atmosphere is well considered and accurate. This response is essentially an effort to say thanks for sharing.
Perhaps a paraphrase of F.A. Hayek can be provided where he summed the attitude of those who believe they know better —
“Democracy cannot be allowd to ‘interfere’ with the plans of the administrative state. The key objective will be disrupted and undone by such meddling. ‘Progress’ will be stopped. The coercive powers of the state must therefore be unleashed to insure that ‘progress’ and attention to ‘threats’ are maintained.”
Trump’s Golden Age
Back to the Gold Standard ?
Just asking .
Maybe, maybe not. There are reasons the world moved away from the gold standard. Some of those reasons are no longer valid, others remain so. Digital transactions have many strengths, a gold standard keeps countries honest.
This trade reset is EXACTLY one of the reasons I voted for Trump. This whole process is what the US desperately needs if we are to survive and thrive into the future. My life has been made pretty damn hard by the globalist parasites. I’m glad to see this outrageous theft put to a stop.
Also, and I cannot possibly stress this point enough: screw communist China.
Nearly four decades ago I lived in a small country where locally made jeans were more expensive but these were good quality and were passed on from the older to the younger and my sister-in-law also passed on clothes from her older children. Then cheaper clothes were imported from the far east. Not only did this destroy the local manufacturing but the quality was much poorer and they wore out quickly. We had a local expression that cheap products were costly. This did not matter to the wealthy experts but it sure did to poorer people.
That bald clown with the big nose is great at “pretending to be confused”.
No wonder no one watches this crap.
Quick hint: If you want people to watch your “Financial Opinion” Show, then don’t be confused about of all things “Finances”.
Not a good look. Not a look that instills confidence in your “Financial Opinions”.
How sad!
I just got to this article and haven’t read the comments yet.
But when I listened to the video and the fat guy at the right of Santelli said, after a long pause, “I’m confused…”, my cat almost got drenched in a shower of morning ☕️ covfefe!
🤣
We are in a paradigm shift. Trump is dismantling the globalist economic order that has failed our nation for decades. Whether Trump does it or not this system cannot last much longer with the untenable debt levels we’re in.
Liesman is a member of the progressive “dislike America, more government spending” globalist gang. He is so ignorant that he can’t even understand that once more things are made/sold in America, that sales/property/income tax revenues will more than make up for the reset in tariff income that Trump is “currently” using to make America wealthy again by reducing our debt/deficits, government spending, and interest rates.
Average folks simply don’t get what Trump just did….
The entire Chinese business model (Communism) is to steal IP and use slave labor to control the means of production for the world. That’s it…
Trump’s Tariffs just put a stop to that …..COLD.
China’s big problem is they don’t consume anything(relative to production), they only produce and as such their entire business model is dependent on exports. Trump’s Tariff plan just leveled the playing field for the rest of the world.
In short, no other world leader has done as much to combat Slavery since Abraham Lincoln.
I laugh at the people who turn around and say Ronald Reagan is rolling in his grave as Trump levies tariffs….Then I remind them that Reagan beat Communism using Economic power, not military power.
Santelli was a leading voice in the beginning of the Tea Party. He has the chops.
They don’t want to sell to us?……”woe be to them.” (They’ll sell to us and Ursula will tariff them to make sure.)
And #3 The EU must defend itself against China dumping cheap products into the EU now rejected by the USA.
https://theconservativetreehouse.com/blog/2025/04/03/eu-president-ursula-von-der-leyen-is-apoplectic-worries-of-asian-product-dumping-into-eu/
Everyone on that show hates Trump but Santelli and it prevents them from looking at what Trump is doing objectively. They aren’t even listening to him.
Chicken little
The sky is falling, the sky is falling
LIESman is still alive?
He’s been libtarding on CNBC since the early 2000s. Such a hack..
These people have forgotten the 1990’s experiment with “free trade” cost the US worker fully funded pension plans and company sponsored healthcare The experiment of free trade also left us with new state called “The Rust Belt”.. nothing is ever free even in trade .. the experiment failed as every other party of the jackass plan has..
Baffling how stupid the left really is…. Worse than peasant stupid. Worst than the genetically malformed brain that can’t understand, this is the liberal base people.