We make money the old fashioned way...

We make money the old fashioned way...
We print it.

Thursday, December 1, 2011

The first rule of Fightclub....

"The first rule of Fightclub is you do not talk about Fightclub.  The second rule of Fightclub is you DO NOT talk about Fightclub."   -Tyler Durden

One benefit of getting back to the gym is I subject myself to mainstream propaganda on the stairmaster, which has the same motivational effect as Heavy Metal music for me.  I spotted this today and had to pass it on.  To preface for those who don't follow finance,  Rick Santelli is usually the "champion of the little guy" on CNBC.  However,  he cashes his paycheck from you-know-who so he can't just come out and say "IT".   Jim Iuorio is a trader and frequent guest (maybe not after this).  This piece details the announcement by the Federal Reserve yesterday to bail out Europe by printing more money, and what that will mean to everyone.  The whole piece is only 7 minutes and worth your time, but it gets very interesting at the 4:50 mark.  Watch the look on Rick's face when Jim unloads some reality on him after this exchange.  It's the look you get when you go a little too far in the "Your momma!" insults game...