Rick Santelli Quotes

I am specifically concerned about the idea that the legislative process is one that gets characterized the way it is as the 'fiscal cliff.' At the end of the day, the United States is the biggest economy in the world, and the dollar is the reserve currency in the world. I think it behooves us to act in a much more responsible way.

The markets are much more interested in America's long-term trajectory than they are in feeling that there is an acute short-term crisis.

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.

The dollar used to be a gold standard currency. And the dollar is really good in the last century, I mean in the 19th century.

What is important for a central banker is that you have to convey that you know what you are doing.

Whenever global economy is reasonably doing well, the investment flows.

I don't think Congress, in general, has done a good job articulating to the American public how inextricably linked our credit markets are to our entire economic system.

When the former Fed chairman was in, Alan Greenspan was in, there was a saying back in those days that you called the 'Greenspan put.' Any time the treasury secretary - for the Fed chairman - said something, the market saw that as good news, and it took off.

I think some people don't truly understand the situation, and they think, you know, the debt limit, it doesn't really mean anything, and they don't understand the implications on the U.S. economy and on the global markets.

Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it's historically low. Hence the fact that central banks are trying to increase their holdings. They've got a long way to go to get where they need to be.

Roaming the world as a foreign correspondent for more than a decade, I was able to observe how a variety of vastly different nations organized themselves economically. The inescapable conclusion was that no politician anywhere on the planet has ever actually created a rupee's worth of prosperity.

Currency stabilization is just one of the old fetishes of so called ‘international bankers”.

Since I’ve become a central banker, I’ve learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

… international confidence is the foundation stone of international credit, and international credit is essential to international trade.

In a global marketplace with its increased insecurities and - indeed often - volatility and instability, national economic stability is at a premium, the precondition for all we can achieve, and no nation can secure the high levels of sustainable investment it needs without both monetary and fiscal stability together.

The lesson of 2008 is that ultimately our markets are driven by confidence.

Relative to other economies in the world, India has a good feel to it.

The Treasury Department has a critical role to play in helping to set the direction of a U.S. and global economy, a role that reaches back to America's founding.

The IMF acts on the mandate of the international community.

Grand economic theories rarely last more than a few decades. Some, if they are particularly in tune with technological or political events, may make it to half a century. Beyond that, little short of military force can keep them in place.

Making economic policy isn't a popularity contest, especially when financial markets are in a panic.

The Federal Reserve places great importance on our relations with the Bundesbank. Few such relationships have been as important, over the decades, in promoting financial stability and prosperity around the world.

The U.S. currency has been the most attractive currency to be in for very, very long periods of time.

In general, global economic growth supports Russian economy.