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CNBC ANCHORS CAUGHT OFF GUARD AND STUNNED: ‘There Is No Economic Recovery’ (Video)
Having been in the stock market for 5+ years now, it is unbelievably clear that the ” condition of the economy” isn’t based in reality. The News has recently been shouting that the Economy is on an aggressive recovery. Obviously, nothing could be further from the truth. Basically, the stock market conitnues to go up because of the lies the MSM spoonfeeds everyone. Know this, the majority of investment bankers and hedge fund controllers are completely clueless about what’s going on. However, many know the truth. (My cousin, who works at a hedge-fund inside HSBC.) All of this happens while the global economy is intrinsically “bleeding out”. The real American government has no money. QE was the latest mechanism to keep the economy going. Once the risidual effects from it fade, we will probably then see the collapse.
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CNBC ANCHORS STUNNED: ‘THERE IS NO ECONOMIC RECOVERY’
Investor launches into breathless rant about REAL financial situation
by PAUL JOSEPH WATSON | FEBRUARY 11, 2015
Steve Ricchiuto stunned CNBC hosts when he launched into a breathless rant about how there is no real economic recovery and that the Federal Reserve’s forecasts are pie in the sky.
Ricchiuto, Managing Director of Mizuho Securities USA, left anchors Simon Hobbs and Sara Eisen scrambling for words as he reeled off a barrage of factors as to why there is no acceleration in economic activity.
The highlights;
“There is no acceleration in underlying economic activity.”
“There’s this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth… It isn’t happening!”
“We had a horrible retail sales number, we had a horrible durable goods number, we’re likely to have a very disappointing retail sales number coming forward, this month we have a strong payroll number we say everything’s great – it’s not great….it’s been the same thing for the last five years,there’s no improvement in the economy!”
“After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy’s good – it’s not good!”
“And we can keep on going,” Ricchiuto responded when Hobbs interrupted him.
According to Zero Hedge, the clip was also edited to remove host Eisen’s glib response to Ricchiuto’s sobering reality check on the real economic figures.
“But the key is that’s not what The Fed is telling us,” she stated.
So according to the financial “experts” at CNBC, actual economic numbers are less important than placing blind faith what the Federal Reserve claims is happening in its press releases.
Is it really any surprise that CNBC is hemorrhaging viewers because of a lack of transparency and a complete failure to question the Federal Reserve’s monetary policy?
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Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.
Finally someone told the truth that we out here in the private sector already know. It shocked the puppets because he refused to read from obama’s tele-prompter.
It’s really not that simple.
The panel on CNBC’s Squawk on the Street is full of complete fools who believe pretty much anything they’re told. They aren’t ‘good’ people because they help propagate the lies, however, they certainly aren’t ‘hiding the truth’. They simply don’t know it. They know that they lie/falsify stories sometimes, but they think it is just part of the job, nothing bigger.
We need more truthers to break into the mainstream media.
That’s why I called them puppets, they are semi-conscious beings doing what they are told.
Yeah, I just think acting like Obama is the controller of all evil is pretty silly.