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Epic Daily Show Last Night Features CNBC's Jim Cramer
Is Jon Stewart a whimsical jokester, who specializes in political satire or an industry watch-dog, here to save us all from “The Man”? It was hard to tell during last night’s Daily Show on Comedy Central.
After ‘calling out’ Jim Cramer for a week, Stewart’s influence finally convinced Cramer to come for a good old fashioned, late night bullying. Stewart, who has showcased many of Cramer’s past mistakes, brought out plenty of new footage, that Cramer was apparently surprised to see, from a 2006 interview on TheStreets.com. There is much jockeying for position in Cramer’s rhetoric, as he claims he never did certain things, while in the tape, immediately played after, he states the opposite.
The interview takes up the whole show and is a must watch. Catch it here, on Hulu.com.
The show exposes the fallacy of trusting someone like this with your money. He goes on theory and speculation, so in his defense, I will say that people who followed him deserved a small portion of the hit they took. Also apparent in this interview, is the lack of balls/heart in networks such as CNBC, when it comes to having our back. Everyone in America was making money off of this, it was fake, and people knew it. Looking at any number of economic charts, housing indexes, stock indexes, or hell, just some balance sheets at investment firms, made the whole mess obvious. At least you would have expected someone on CNBC to speak up more about Nouriel Roubini’s foreseeing of this whole calamity.
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cramer, daily show, interview, jim cramer, jon stewart, stewart
Jim Cramer is an Jackass and John Stewart is a gutless weasel, so it was a lot like watching Animal Planet.
http://www.alistz.net
While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.