The only CNBC commentator who does have a clue, Rick Santelli, gave another epic rant this morning concerning the fiscal cliff, Federal debt and unfunded liabilities, and the Fed Santelli, sounding like James Grant or Tyler Durden, stated the true fiscal cliff is the $100 Trillion in unfunded liabilities, and stated that The Fed doesn’t have a clue.

Santelli’s full rant below:

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h/t SGTreport

    • Actually, no.  That IS their mission, so never mind all the hand waving and hocus pocus misdirection about jobs and stable prices… neither of which is anywhere in sight these days.

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