UGO04: CNBC Legend on the Price of Losing Price ft. Rick Santelli
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 670 Ratings
🗓️ 15 July 2025
⏱️ 44 minutes
🧾️ Download transcript
Summary
Rick Santelli joins Cem Karsan for a conversation that cuts through the noise. From the floor of the Cboe to the era of central bank primacy, Santelli reflects on how markets have been reshaped... not just by technology or policy, but by the loss of honest signals. They cover the Fed’s shift from restraint to control, the unintended consequences of zero rates, and why housing, credit, and the long bond may be nearing a breaking point. This isn’t a retrospective. It’s a clear warning from someone who’s seen what happens when incentives go unchecked.
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Episode TimeStamps:
00:02 - Introduction to the UGO series
01:26 - Introduction to Rick Santelli
05:16 - The first trade Santelli ever made
06:32 - The historical performance of gold
08:39 - Why did Santelli move to interest rates?
10:28 - How technology impacts the way we invest
13:30 - A shadow Fed president
14:46 - How Alan Greenspan changed everything
18:47 - We are starting to pay the price of overspending
22:04 - Money printing - a daisy chain of a closed circuit
23:50 - How do we get out of debt and how does it end?
29:06 - How do you invest wisely in today's economy?
36:48 - Cost of credit: The lurking financial threat
39:03 - How
Transcript
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| 0:00.0 | You got, you got, you got, |
| 0:05.0 | You got, you got your trade. |
| 0:07.0 | You bet, you bet your money just got laid on sex. |
| 0:11.0 | Welcome to You Got Options, an exciting series right here on Top Traders Unplugged, |
| 0:17.0 | hosted by none other than Jim Carson, one of the sharpest minds when it comes to |
| 0:22.7 | understanding what's really driving market moves beneath the surface. In this series, |
| 0:27.8 | Gem brings his deep expertise and unique perspective honed from years of experience on the |
| 0:33.0 | trading floor to candid conversations with some of the brightest minds in the industry. |
| 0:37.9 | Together, they unpack the shifting tides and underlying forces that move markets and the |
| 0:43.4 | opportunities they create. |
| 0:45.1 | A quick reminder before we dive in. |
| 0:47.1 | You got options is for informational and educational purposes only. |
| 0:50.8 | None of the discussions you're about to hear should be considered investment advice. As always, please do your own research and consult with a professional advisor before making any investment decisions. |
| 1:00.0 | Now, what makes this series truly special is that it's recorded right from the heart of the action on the trading floor of the Sibo. |
| 1:07.0 | That means you might catch a little background buzz. |
| 1:09.0 | Phones ringing, trade or shouting, as Jam and his guests unpack real-world insights in real time. |
| 1:15.5 | We wouldn't have it any other way, because this is as authentic as it gets. |
| 1:19.4 | And with that, it's time to hear from those who live and breathe this complex corner of the markets. |
| 1:24.7 | Here is your host, Gem Carson. |
| 1:31.1 | Welcome back to another episode of You Got Options from the Cibo floor. Brought to you by Kai Media and Top Traders Unplugged. Today we talk to no other than |
| 1:38.1 | Rick Santelli of CNVC. He's the one usually asking the questions today. I get to ask the questions. |
| 1:45.2 | We go back to 1979 when he started here in the pits of Chicago, cover his history, think about the future and |
... |
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