Transcript of exclusive interview Russian Finance Minister Siluanov is giving on CNBC Squawk Box tomorrow morning.

I just received this via email. It's the transcript of an interview that Russian Finance Minister, Anton Siluanov is giving with the clowns on CNBC Squawk Box tomorrow morning.

Interesting where he says Russia would give financial aid to Greece. Break up the Eurozone. Good idea!

If you read the whole thing you'll see that this guy's head is totally in a gold standard/fixed FX mentality. Will constrain Russia forever.

CNBC EXCLUSIVE TRANSCRIPT: ANTON SILUANOV, RUSSIAN FINANCE MINISTER

Foulds, Hugo (NBCUniversal) (Hugo.Foulds@cnbc.com) 

PRESS RELEASE 

CNBC EXCLUSIVE INTERVIEW: ANTON SILUANOV, RUSSIAN FINANCE MINISTER 

Russia would consider giving financial help to debt-ridden Greece 

WHEN: CNBC EXCLUSIVE, today Thursday, 29^th January 2015. 

Following is highlights of the unofficial transcript of a CNBC exclusive interview with Anton Siluanov, Russian Minister of Finance with CNBC’s Geoff Cutmore. 

Full interview will be played out in Europe tomorrow morning on CNBC’s Squawk Box. All references must be sourced to a ‘CNBC exclusive interview’. 

CNBC’s Geoff Cutmore (GC): Even as we’re speaking to each other, we know that there’s a meeting going on in Brussels they’re talking about potentially another round of sanctions. Can I ask you, how worried are you that another round of sanctions at this stage, would cause a crisis in confidence in the Russian economy? 

Anton Siluanov (AS):  Well it has always been our official position that we are against any form of capital or trade controls  - and of course any sanctions are harmful because they cause a slowdown in the global economy. And the sanctions that have already been imposed against Russia did negatively affect us. However, Russia companies have adjusted, and Russia’s balance of payments have adjusted, the rouble weakened, and as you might be able to see life still goes on here and we just keep on living. 

Our estimate is that last year the Russian economy experienced two kinds of external shocks - one is from oil prices and another from sanctions. The cumulative effect of those shocks is around 200 billion US dollars - maybe a little more, but the main, major influence was the fall in oil prices. Our estimate on the sanctions is a roughly 40-50 billion shortage of capital, but again the main driver of this slowdown is the oil price. 

CNBC village idiot, Joe Kernan, doesn't know Ireland uses the euro? Tell me this is a joke.

Tell me this isn't true, please. Tell me that Kernan actually knows Ireland uses the euro, but was just trying to pull off some dumb, feigned display of incredulity just to make a point.

CNBC has already jumped the shark more times than I can count with such things as the Santelli comedy hour and Kernan's morning "servicing" of the corporate bigwigs who parade across his ratings challenged, Quack Box every morning. But, folks, this goes even beyond jumping the shark.

Check out this interview with some CEO from Ireland. (Skip to 8:30.)

Hey, Comcast, you're good with this?

Maria Bartiromo leaving CNBC for Fox Business. What took her so long?

The "Money Honey," Maria Bartiromo, is finally taking her Wall Street apologist, criminal banker loving excuse for a business anchor TV sideshow to a place where it will be really appreciated: Fox Business.

I'm tempted to ask what took her so long, however, I think the proper question is...why? Why would she go to Fox Business when CNBC has already become a Fox knock-off, with the same endless stream of make-you-want-to-gag out of paradigm economic vomit that worships austerity, corporate welfare and fraud, gold buggery, worker income debasement and the quest for inequality to the nth degree?

I'd like to think that CNBC was already considering canning her, but I doubt it. That would be giving the "brain trust" over there--Sr. V.P. and Editor in Chief, Nik Deogun, CNBC Managing Editor, Nick Dunn and President, Mark Hoffman--way too much credit.

But the real joke is on Gary Schreier, the former Fox Executive Producer who formerly produced all of Neil Cavuto's shows, who jumped ship for CNBC about a year and a half ago, apparently lured over to try to get Bartiromo's in-the-toilet ratings out of the toilet and at least onto the toilet seat. Guess that didn't work out too well, eh Gary? With any luck you'll be soon looking for work.

All we need now is to see that slouching clown, Joe Kernan, and supply-side Bozo, Larry Kudlow bail for the Fox network and the hilarious coup will be complete: The Three Stooges will have found a new home.

Honestly, if Roger Ailes thinks that Fox Business's ratings will climb with the edition of air head Bartiromo or the other two losers, if they happen to go, then all I can say is I envy him. It must be fun playing sadist to Rupert Murdoch's money. The old geezer Murdoch is probably already senile, so he doesn't even know.

CNBC,Fox, you both suck!

At this point if CNBC has any chance at all it needs to dump its editorial line, stop with the unbridled worship of corporate greed, austerity and cease with the needless blowing of smoke up the asses of Wall Street billionaires.

Oh yeah, I forgot about Santelli.

On second thought, I think there's no hope at all.

CNBC morning clown show continues

Starwood Chairman, Barry Sternlicht, on Squawk Box (lowest rated morning cable show), said that all his money manager friends were "ready to sell" at any minute because of the Fed's bond buying, which he says is creating asset bubbles.

My first response is why should we care that his money manager friends are waiting to sell? Given the notoriously bad track record of professional money managers (90% can't beat the market averages and the other 10% are trading off inside information or rigging trades) should their desire to sell really make us worried? Maybe it's better to ask, isn't that a good sign?

As far as the "asset bubble" thing all I can say is this: Sternlicht may know something about real estate and the hospitality business, but it's clear he doesn't know jack shit about monetary policy.

On the one hand he says that the Fed's bond buying is "creating asset bubbles," then he goes on to contradict himself by saying there's "all this cash sitting on the sidelines."

Well, if there's all this cash sitting on the sidelines, Barry, then how the fuck is the Fed creating asset bubbles?

It also doesn't occur to real estate expert Sternlicht, that four years of sub average housing starts means means that the nation's housing stock has shrunk and is dilapidated. This means prices will rise to "replacement cost" and that could be pricey given supply the shrinking/substandard supply.

Meanwhile, clueless Joe CLOWN Kernan sits there eating it all up.

Our skepticism toward David Tepper's ubber bullish call back in January proved correct

Remember when David Tepper was super bullish on the U.S. economy and stock market back in January? He was basically saying that nothing could go wrong, yet we pointed out that we were on the verge of tax increases, sequesters, entitlement reform, debt ceiling turmoil?

We called out Tepper (here and here) on his wildly bullish call and especially made fun of his claim that things were going to be booming because the deficit was shrinking. That was really ignorant.

Tepper was on CNBC this morning and FYI, I didn't listen, however, I did tweet over to the show reminding them to ask him how things were going now that the deficit had shrunk so much.

@SquawkCNBC @TheStalwart @RobinHoodNYC Don't forget to ask him about his super bullish stock market call because the deficit was shrinking.

— Michael Norman (@mikenorman) October 15, 2013

Maria Bartiromo: total Wall Street shill

Maria Bartiromo is nothing more than a Wall Street shill. Watch the clip as she defends Dimon and JP Morgan because it "makes money." Nothing else matters. Hey, Maria, the Mafia and drug pushers make money, too, so how 'bout we just let them pay a fine and not admit to any wrongdoing, like your good buddy, Dimon? What a suck up. CNBC is full of these apologists.

What is wrong with Comcast to allow this to go on even as their ratings plummet? Hard to figure.

Robert Shiller--The best, brightest and least productive?

So much of our national "brain power" is siphoned off into finance where nothing of value is produced and rent seeking on already exsisting assets extracts a high cost on the rest of society. Yale Professor Robert Shiller sums it up pretty well.

To some people, the question is a moral one. Trading against others is regarded as an inherently selfish pursuit, even if it might have indirect societal benefits. But, as economists like to point out, traders and speculators provide a useful service. They sort through information about businesses and (at least some of the time) try to judge their real worth. They are thus helping to allocate society’s resources to the best uses – that is, to the most promising businesses.

But these people’s activities also impose costs on the rest of us. Indeed, a 2011 paper by Patrick Bolton, Tano Santos, and José Scheinkman argues that a significant amount of speculation and deal-making is pure rent-seeking. In other words, it is wasteful activity that achieves nothing more than enabling the collection of rents on items that might otherwise be free.

We hear people defend these predator rent-seekng finance capitalists all the time. Just turn on Fox News or listen to resident CNBC idiot Joe Kernan gush about "producers" and why they should be taxed less and regulated less. It's bullshit.

Shiller hits the nail on the head. Read the full article here.

Way to go, Kernan, Santelli! CNBC viewership drops to a fresh, 20-year low!

When you have clowns like Joe Kernan, Ranting Rick Santelli and Larry Kudlow as three of your top anchors, what do you expect? Even the uneducated public is smarter than these three when it comes to financial matters.

CNBC execs should wake up and smell the coffee. When it comes to economics and Wall Street, this show's content is comically out-of-paradigm and irrelevant. That's why nobody watches.

Are you listening, Mark Hoffman, Nik Deogun, Nick Dunn?

Read about their ratings plunge here.

CNBC resident clown, Joe Kernan, email's me

So I guess my post about Joe Kernan being absolutely clueless touched a nerve. Here's an email I got from him earlier:

He'd rather have Carrot Top on than me, the "bitter party of one."

Even Carrot Top would decline, Joe. Nobody watches your crappy show.