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. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to
[email protected] And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Cem on Twitter . Follow Rick on X. 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
