True News 24 - Jon Stewart, Jim Cramer and the Truth

[genghisdon1]

another great vid. I still can't fully embrace non violence. Jim Crammer deserves a painful death

[123ableTHERollyboy]

Turn money into gold and gold into money at Gold Trading Academy. If you have spendable money, come trade gold! Come visit my website Gold Trading Academy.

[macgeek2004]

@Hypatia1951

BTW, government can be a _wonderful_ thing! After all, it's what made the 50's so perfect, dreamy, and successful!

[macgeek2004]

@Hupatia1951

I'm sorry to say this, but you are brainwashed to believe that that is still true. It isn't. Not anymore. It was when they started the system, but over time as moron, bought republicans started deregulating said system, the banks abused it hard and continue to do so. Oil speculation is the same way.

It'd be like me buying gas from the refinery for $2.25/gal, but selling it to the gas stations for $3.50/gal. You get what I'm sayin'?

[Hypatia1951]

Can't get behind the hatred of speculators. Speculators are professional savers---nothing more. They smooth out price changes. The harm is always produced by government.

[fryingnemo420]

bullshit.. john is bringing up the real questions.. whats incredible is hes on the comedy channel.. therefore he will always be taken as a joke..BUT he is the ONLY person in media other then Alex Jones who dares to ask what we are all thinking.. but pay attention.. the questions are always answered but in a pre determined scripted performance... JOHN PLEASE SHOW US THE TRUTH

[fryingnemo420]

they lied? more like they forced.. it dosnt take a genius or conspiracy researcher to see how they are forcing the markets to fail so they can invest in markets to fix it.. its a profit to fail.. profit to win.. why do we allow this.... lets do a serious experiment.. post here who you voted for.. if any.. if not.. say none.. if you did vote.. say party name alone.. i promise the majority of votes on here will not be who won... how does that happen...

[fryingnemo420]

Japan has openly opposed the world government the americans are trying to enforce... and i agree with then 100%.. we need a world power.. no doubt.. we are all human.. race means nothing.. but if the UN and the USA cant control it all.. there will be war...

[fryingnemo420]

the market really works by making damn sure we owe them everything for all time.. we ALL are forced into debt for an entire life... our children are forced to pay our debt before they are even born... DO YOU ALL NOT SEE?

[fryingnemo420]

at 30 years of age... i can work full time every day for the next 65 years and NEVER make enough to be ahead of my worth.. bills.. mortgage.. basics like food... why are you all letting the americans to get away with this shit.... there are more of us then of them....its not the american people/.. its who they think is thier leader..

[fryingnemo420]

i will be honest.. i work retail.. i make 10.25 an hour minimum in canada... in a 40 hour week i make 600 dollars.. off the top 300 is taken on average... and for what..war? we should al have the right to not pay into this nonsence if we do not agree with their bullshit

[fryingnemo420]

these assholes are inforcing their will on the world with your money... these guys were all broke cunts before and if we stopgiving them our tax money..(which we have the right) they have zero power without our money....

[fryingnemo420]

shows like cramer are intentionally on tv to try to motivate you pawns into investing.. dont by into this shit.... what does money even mean now? its just a myth.. buy gold.. fuck thier paper promise paper... unless you like dry ass rape.. and if thats the case.. email me im lonely...

[mickslovespuds1]

This all seems as if it is beyond repair

[Thanatos6619]

The free market is the reason that people money is hearded into the stock market because having that money in the stock market is GOOD FOR THEM the government is a puppet of the corporation at this point which is why its actions created a market that makes these people ridiculous amounts of money

[ulysseinvest]

Man. Oh, man. This video hurts. It's just too painful. For there is only so much truth my brain can actually digest in any given hour. This video made my brain feel like I've just eaten for a full week and my brain is so loaded that I cannot stand the thought of food/truth anymore for my brain's going to explode. Thank you.

[Eldeecue]

How dare you insult Jon Stewart by accusing him of being in favor of Free Market capitalism.

He's not retarded.

[pretorious700]

@Eldeecue Like you?

[Entropy137]

Does anyone know if you can buy commodity ETFs through your 401k? Thanks

[Chrismonchan]

@Entropy137 Do you mean commodity ETF dependent 401k plans? If so, then yes.

[MarmaladeINFP]

"the fantasy rape of the uneducated investor"

LOL

[MarmaladeINFP]

Nice video. There was something quite satisfying about the tongue-lashing Jon Stewart gave Jim Cramer. I didn't lose money in the stock market, but I dislike this kind of deception. Jim Cramer is a good example of the connection between capitalist power and media propaganda.

[Larkinchance]

I remembered this clip and just went back to look at it again..I found you because apparently the original clip has been buried in a sea of clips that try to rehabilitate Cramer or trivialize John Stewart. I suspect that Jim Cramer's image is very import to a lot people beyond his own network. I searched and only found clips by news channels that edited out of context and tried to balance the argument between the two. this is discouraging. many thx for your report and i have just subscribed

[johnedwards1968]

This whole rail against fiat money is ridiculous. The stock market crashed many times, while the US dollar was still on the gold standard. In point of fact The economy moved through much larger periods of inflation and deflation under the gold standard.

The truth is there ARE too many uneducated investors in the stock market. This has nothing whatsoever to do with fiat currency.

[Bilakaifa]

Here you are, have a nice day...

mises(dot)org/images/SeanMalon­eRiseFallDollarMedium.jpg...

[Jcolinsol]

I have heard the argument about free-market recessions before, however, when I asked for evidence I never got a response.

Please offer a logic argument and some references so that I can evaluate your argument.

thank you

[dkleitsch]

"This has nothing whatsoever to do with fiat currency. "

Yes, it does. I'm sorry you don't understand it all.

[johnedwards1968]

You don't have to invest in the stock market to make RRSP contributions! I'm not sure where you get that from!

[Goohuman]

Do you think Jon may have lost a lot of money on investments based on Kramer's remarks?

[snaxs2000]

The market is NOT Guaranteed money, that is why its called investing. There is risk. Period. The market is up 30%. where were all of you? Probably still watching Jon. Sucka plays, get Sucka pays.

[tiredoflies]

Investing is buying things like bonds, which ARE guaranteed.

What you're endorsing is GAMBLING.

There's a big difference, and they shouldn't be treated as the same things.

[Entropy137]

Umm...no. Bonds entail risk as well. Default risk and inflation risk. There's no fundamental difference between investing and speculating. Investing is just long term speculation.

[j102753]

RIMM - Research In Motion was the one stock in which I lost the most money. It was tauted by everyone on Fast Money and Mad Money - frickin scumbags. They

probably shorted it.

[alagon]

Jim Cramer likes to pump and dump.

[majspejsiak]

COuldnt have agreed more.

I believe though that Cramer is just a tip of the Iceberg. If he wouldn't encourage buying bear he might have been in trouble with the powers to be.

But who knows.

Anyway I think you provided a very indepth analysis of the situation. And I say that as a proffesional journalis which is a job I work in in my country.

Again Congrats.

And sorry for the shitty spelling. It is the middle of the night here in my country and I already run off the cigs ;)

cheers

PS

[Kl0kw3rk]

Getting out of a business because some other people did bad things is rather cowardly, no? That's what socialists do: hide in an office in an IT job to avoid the scary world.

[Mystylplx]

[Getting out of a business because some other people did bad things is rather cowardly, no?]

Not if the business is inherently immoral or dishonest. Cramer is a snake oil salesman. Just because he didn't happen to be one of the ones who was caught doesn't change the fact that he's a snake-oil salesman.

[mtlsoul]

Good reference to the Stewart interview. Cramer may actually be trying to be the lesser of two evils at this point. Is it worse to be a schill for snake oil, or to be the producer of snake oil who adds the opium to it? Or can we even make a distinction? Or do you think that Cramer is on the take, trading favorable press for advertising?

[buddahbubba]

Speculation wouldn't exist to nearly the extent it does if the fake money wasn't constantly being inflated. You couldn't count on the price always going up.

[Mystylplx]

[Speculation wouldn't exist to nearly the extent it does if the fake money wasn't constantly being inflated. You couldn't count on the price always going up.]

If the money constantly being inflated is the reason for stock prices going up then no one would speculate. It's a no-win situation. Stock prices would go up at the same rate as prices for everything else.

[mtlsoul]

I had a different understanding, the way I understood it, these big banks and such are the ones who get first access to the inflationary money, if they push up the stock prices more than the prices of consumables, they are inflating their assets faster than the general rate of inflation. They then sell the assets, pocketing the money, and the retail investor is left holding an asset that goes down in value. I could very well be wrong though.

[Rayzkevin]

He knew the guy for 20 years. God forbid you try to make money. Buying in selling stock is not illegal.

[HisNailPiercedHands]

Awesome video, I'm ripped off my dome and I found it interesting and informing.

Haha, if there was a God, and layers of hell, hahahahahaha.

[pelespoland]

I agree with most..but talking about "speculators" as the pure evil of stock market is just cheap populism.

[LFZ15]

I agree. Speculators are just capitilists trying to make money. It's not like they're the root of all evil or anything.

[Mystylplx]

[I agree. Speculators are just capitilists trying to make money. It's not like they're the root of all evil or anything.]

Speculators aren't evil, they're just parasites. It's not wrong to try to make money--it's wrong to try to make money by gaming the system and without producing anything of value. The system works a lot better if we get rid of the parasites.

[mekus2009]

Awesome Video...I like your analysis and presentation.

[weemary1]

Thank you. Good job

[seinfeld11123]

do you have friends? your looking at a webcam, with the gheyist headset, talking about what john stewart and Jim talked about on the show, so basically you are just re reporting it! and for what reason, your not good looking, so please no disrespect, delete this vide and just link the real (original, and funny show)

thanks for trying, but dont ever stand that close to a webcam, with a ghey headset ever again

Good day sir

[vikingaprinsessan]

"sleezy scumb bag in rolled up sleeves"

made me laugh out loud... hilarous

[paulpembroke]

HERE is the Truth: GE (General Electric) and Chevron (CVX) will make you money

[DevilsAdv0kate]

Well I made it ~1 minute in. No thanks.

[StevePalRP]

Great analysis of all of this crap.

Thanks, Stef

[vegnagunL]

making money out of nothing... this is so wrong.

ohh its legal so its oook....?

[Probesoul]

foamulator, I will never believe anyone who uses filthy language and calls large groups of people names. I find that people who use this tactic of verbal insults are always the ones who are telling lies and covering up the truth.

[foamulator]

wah wah wah..........................

[Probesoul]

Thanks for explaining it so folks like me can understand some of this stuff. I put just a little bit into RRSPs briefly just to see what it was all about then after I cashed out they eventually gave me some complicated and incomprehensible written statement for taking away almost 50% of it. I couldnt understand how they could tax it at almost 50% because of my low-income bracket. After that I said better to put my money into a hole in the ground than into RRSPs.

[foamulator]

YOU obviously dont watch the mad money show. Cramer TOLD EVERYONE TO GET OUT OF THE MARKET LAST YEAR. And he got in trouble for making that remark........So all you left wing Jonstewart butt sniffers can go fuck yourselves. The only question I have is why he didnt smack him in the mouth for being such a opportunistic jerk.. I hate people sucha as you that climb on politically inspired bandwagons, when you clearly dont know the subject.

[RedTurbocar]

stop having tunnel vision, they made a cure for that a long time ago

[ufee]

"...when you clearly dont know the subject."

Classic YouTube.

[paulpembroke]

Buy General (GE) Electric dude- Guaranteed Winner

[Iseeyoursoul]

just image googled jim cramer to see who he was and one of the first images to appear is him giving the baphomet club hand sign, how fitting.

[FistsoFuckinFreedom]

I like how you said "Cosmo" when this video started. Cosmo Cramer.

[gypster2004]

BRAVO!! Thank you!

[RyanPig]

Very good job, Stef. I have no criticisms this time :).

[Ipluckithard]

He increased the college drop out rate 2x fold with his and MSNBC's "Cramer College Tours".He figured the college campus would have a ton of suckers? He is a snake oil sales man of the highest caliber.I'm glad he's proud of himself. I figured he owed someone money from one of his failed hedgfunds. its been difficult watching a low life with a big mouth do what he's does and not believe he is is such a pickle that he simply has to do it? But then again I'm loosing hope in the human being.

[Ipluckithard]

GO Pen State!

[hkweasel]

stef, really enjoyed this one. thanks.

[mitchrix31]

You say greed exist because of excess liquidity? The free market doesnt work cuz of fiat currency? cmon

[NatureLegalized]

Great vid. You sent a clear message about what actually goes on.

[CelticReject]

This makes me reconsider Celente and Rogers et al

[CelticReject]

What does 'Buying Short' and 'Buying Long' mean. I hear it all the time but I still cannot get it? Please, someone, educate me. Thank you.

[pseudonous]

Buying long is when you buy the stock hoping to sell it for a higher price later. Buying short is when you sell the stock before you actually buy it.

[kinglewisjtl24]

short term longterm

[dieonyourfeetDEC16]

Buying Long- you buy the stock now because you believe the price will GO UP and then you´ll sell it at a higher price and make a profit.

Short Selling- You make an agreement to sell a stock at the PRESENT PRICE at a FUTURE date. So you´re betting that the price of the stock is going down, you´ll buy it in the future and a lower price and sell it at the present higher price, making a profit.

[dieonyourfeetDEC16]

sorry i got it wrong,

short selling- you sell a stock you borrowed today and you buy it at a future date, hopefully at a lower price.

[sshepard94]

and you have to personally cover any dividends while holding the short position as well!

[jakster72]

Saw it..what a crock..disengenuous..funny and sick!! Best interview Ive ever seen on this. Lied to him?? jeeez louise, it would have been easy to nail him as the msnbc ringmaster of stock market herding, but Stewart, I think has other friends like him!Timley post stef,nice one.

[ForOrAgainstUs]

Just a reminder, Stef:

You don't have to convince me. You are still talking to the person who has not heard the "against me" argument. Anyone who has either agrees with you or they don't/

You did a great job at the liberty forum. You are really learning how to narrow it down for people whom are willing to listen. I was really impressed with your audiences responses. I hope you continue to do so well.

[tattootomorrow]

This was a really interesting video. I hadn't heard much of this, and still don't understand it, though you've explained it mostly understandably. You've peppered it so powerfully with moral tones, and given me too few examples or visual hooks for it to get huge, but I think this is the best video on the Cramer/Stewart debate.

Listener supported is great, but fuck, everything I listen to is listener supported, and I fuck, don't want to give you any money.

Fuck.

[CelticReject]

3 fucks. WoW!

[tattootomorrow]

That's true.

Kind of a crazy comment.

[larma7]

Yeah, I'm pretty jealous myself.

[thechitowncubs]

Why do all my youtube subscriptions ALWAYS have around ~200 views after they are recently posted.

Because they are all TRUTH-related. Expose the propaganda.

[Ape65]

1) RRSP's don't force you to invest your money in the stock market. Over a year ago I sold all my mutual fund holdings and invested everything in a boring old certificate of deposit.

2) Even in a stateless society you would still have fractional reserve banking. You would need a state to outlaw the practice. 3) You can have fiat money without a state, it would just be issued by the banks (as in Scotland). 4) there were bubbles long before there were central banks (i.e. Dutch tulip bubble)

[erhnamdj]

Aye, you could, but why would people choose to use them? Either they would be stable or people would use something hard i.e. gold or silver.

If you could use gold right now without having your brains splattered over the pavement, would you still use dollars?

[Ape65]

I could probably use gold now without danger, but it would be inconvenient for the many small purchases I make daily. Some of the earliest paper money was bills of exchange and receipts form goldsmiths. Private paper money existed before the state version. Central banks, minimum reserve requirements and state-legislated legal tender fiat money were created as a response to bubbles and financial crises, and in fact have reduced their frequency and severity.

[Ape65]

(Continued) The current crisis is caused by the dozen largest financial institutions in the world mounting what is essentially a ponzi scheme based on credit default swaps in the unregulated "shadow" banking system, using ridiculously high leverage multiples. Now that the ponzi scheme has collapsed, and they are all essentially bankrupt, they are now trying to use governements run by paid and bought-for politicians and bureaucrats to bail them out at taxpayer's expense.

[atheismforthewin]

between Jon Stewart and Cosmo, i mean, Jim Cramer.

awesome

[DCLugi]

I was more surprised that Cramer agreed to appear or that his network allowed him to. What did they expect to achieve?

[AtheistRagdoll]

Good analysis of the situation involving Cramer. Too much attention being given to Cramer and not the system itself.

[larma7]

Yeah, Stewart doesn't fuck around.

Go to Comedy Central and check out his interview of Douglas Feith.

[fromeroj]

You mistakenly said: "you can't have good communism", you may wanted to say "you can't have good socialism".

Remember communism by its own definition is stateless, and it is based on voluntarism and not guns involved. For everything else, great post as usual, thanks

[BandsImWorkingOn]

that's not communism, unfortunately it involves a "rulling class elite," which is the major flaw of communism, because it favors authoritarian powers, but if an anarchist community were to use such a system then it may work

[fromeroj]

Really? where is it that definition from?

from wikipedia:

Pure communism" in the Marxian sense refers to a classless, stateless and oppression-free society where decisions on what to produce and what policies to pursue are made democratically

[BandsImWorkingOn]

from the "Communist Manifesto" you know the thing that Karl Marx and Fredrick Engles wrote. Although the way that supporters of communism such as yourself put it is idealisticly good, but it is a comunitive anarchy and therefore not communist, because if you've paid attention to Russian history you would see a lot of tension between the two gorups (Marx heading the communist), and well if you have read any Volin writings you'll know that the state supporting communist screwed the anarchists.

[fromeroj]

In the "Communist Manifesto", there's no ruling class elite.

indeed not ruling class at all, they call for abolish the goverments, and abolition of private property. (and borders among other things)

Marx didn't headed the communist in Russia since he was long dead. The communists left were killed or thrown in jail (Trotsky being the most notable).

USSR stands for Socialist, nobody would say that USSR was communist, that only happened in fair tale American propaganda. Fear the commies!

[BandsImWorkingOn]

I was refering to 19th century Russia, where Mikhail Alexandrovich Bakunin told Mark to "fuck off," for advocating government, and trust me I've read the "communist Manifesto" and what you are advocating is anarchism, not communism, and I am all for anarchism.

furthermore on the wikipedia article for Bakunin it says "Bakunin is remembered as a major figure in the history of anarchism and an opponent of Marxism, especially of Marx's idea of dictatorship of the proletariat."

[fromeroj]

I am not advocating anything, I am as well anarchist myself, my thinking is closer to Kropotkin than to Marx, nevertheless, it was a simple terminology issue, communism is stateless in Marx and Engels theory. They thought however that socialism was a needed stage between capitalism and anarchism that is "the dictatorship of the proletariat" that I don't think is necessary to achieve anarchism.

[newperve]

"It's almost impossible to prove and the government has no interest in proving these things.". Generally yes, but occasionally they'll need a scapegoat or distraction for five minutes while the magician transfers the money to the other hand. Then suddenly they're incredibly interested in proving that so-and-so did it. E.g Martha Stewart.

[stefbot]

Quite right, well put! :)

[sixnba2]

great critique

[QIQrrr]

Spot on!

[thelastholdout]

Excellent video. It'd be interesting to see you and Jon Stewart get together on an expose to end all exposes.

[formulaprimer]

First of all it is CNBC and they are all ponzi scheme artists.

[ForOrAgainstUs]

When I think about all of their advice they've given, this--what you've said--is all I've ever seen from them... Never any actual economic advice.

[davebrycekopp]

brilliant

[AntiShocker]

I don't ever expect to find ethics in business. Everything is legal til you get caught. Sadly, business is not about people, it's about maximizing the potential for money.

[picapauengracado]

Adam Smith: "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."

Either way, in a free society you're welcome to keep your business within your altruist commune.

[benson471]

yep, to each his own. so long as it isn't violent.

[Spalg]

one must ask you to define ethics

[AntiShocker]

Spalg,

Ethics = Moral Principles

Companies are in business to make a profit. Would they unload a shit stock to an unknowing buyer to make a profit or hold it and suffer a loss? :-)

Business + Ethics = No Profit

Business - Ethics = Big $

[DeeperBlueX16]

Ethics =/= generosity.

[NatureLegalized]

Fairness comes to mind.

[DeeperBlueX16]

Depends on what you mean. That can be viewed from a communist standpoint. And if it's fairness you want; anyone can start a business. If you fail, then you fail. Government makes it unfair, this is true.

[NatureLegalized]

I suppose, so to speak.

[Spalg]

I know what ethics is defined as, I mean what YOUR ethics are defined as. I wasn't saying you're wrong, I was pulling a mild Socrates to see in which direction you'd be right from, if that makes sense.

[AntiShocker]

Sorry Spalg, I only answered the question as it was asked. :)

I'm not interested in anyone judging me on speculation about how I live within the society I was born into. Good or bad. I just wanted to expose people to that fact about successful business.

[Spalg]

I wasn't trying to judge you :S, as much as I was curious from which perspective you came from on ethics. You could be utilitarian/Kantian/Nietzschea­n/Christian/whatever and your statement still works. It was for clarity, not so I could come back saying you're inconsistent.

[RPFS2008]

Do that often enough and you wont make a profit for long.

[AntiShocker]

I once thought that too. Microsoft is still in business. Many computer illiterate people continue to buy their shitty products. Is it ethical for Gates to profit in the billions by selling shit to unknowing people? Further, all the others who get called out on their shit don't care because they've already made their money..

[mikepeino]

Yes, what Gates does is ethical. Not every product has to be superior. It just has to meet the needs of the consumer from HIS point of view. Gates is doing this. Not everyone needs a correctly configured Ubuntiu system to write Word documents and send email. This is the mistake computer geeks/snobs make when discussing Microsoft. They assume everyone wants from an OS what they want. If you think you can provide for people better and cheaper than Gates, then start a company.

[AntiShocker]

Yeah, Ubuntu is great. Microsoft is selling a FLAWED product new out of the box. It will not run for long without additional antivirus software which also needs to be updated daily.

10 billion flies eat shit every day, could they be wrong?

In business Ethics might be defined as the ability to keep your customers in the dark. If your customers wake up, you have no ethics.

[RPFS2008]

You know that I have to down thumb you.

Sorry.