I used to dislike Cramer but I have to admit he's performed a valuable public service explaining the financial meltdown. He was ahead of the curve, too. Some of the things he said back in August 2007 were prescient.
I think it's unfortunate he uses the word "show trials" because show trial refers to trial used for propaganda purposes only. The people tried and punished weren't necessarily criminal. These trials, if they happen, would serve more than propaganda-the perps are real crims.
Instead of throwing away a trillion dollars and having the federal government take over our banking system, there is one very simple solution that is guaranteed to stabilize Wall Street.
We go back onto the Gold Standard. It worked well for most of our history and it can again.
For those of you who aren't old enough to remember, we were on it until Richard Nixon helped take us off it in 1971, so its not that big a step go back.
The earth can't be destroyed by humans yet. Even with a nuclear holocaust, species of beetles and deep sea worms would thrive, the earth would have a harsh period but renew itself shortly. The earth probably wouldn't mind, actually.
However, you need to stop the conspiracy theories...some of the people on this planet do care about the continuation of our species. People have been saying the world is going to end every couple decades now...can't help but say "Boy Who Cried Wolf".
thats what happens when you are a socialist!!wait some assholes will say usa is not a socialist state!!u pay taxes to fund wars,dats enuf 2 show dat u live in a socialists country!!
BUCK STOPS AT THE TOP... republicans run us into the ground once again.... W BUSH and his criminal cronies.. cashing in heading for the hills.... you pay your money .. you take your chances america.... POVERTY AND SOCIALISM... THE REPUBLICAN VISION FOR AMERICA..
If you investigated this you would find that the root of the problem is the vote-whores legislating lower credit requirements. This started before Bush was even in office. People like Barney Frank are more responsible for the mess than the Republicans. The idea that poor people should be borrowing for something they can't afford is something the left has trumpeted for years.
I disagree. As an investigative lawyer, the 'root' of the problem is that ALL of the alleged loans were made out of thin air. There is NO "lawful money" out there and the Fed Reserve is private. Kennedy was killed because he wanted to get rid of the Fed Reserve. I am now getting rid of ALL loans/alleged debts for people by using their own laws against the lenders.
Of course the money came out of thin air. It was the vote-whores that wanted to make housing affordable for the poor. The vote-whores used Freddie/Fannie to get the money out there, then all lenders had to jump all over it. If the poor could then get houses, the higher incomes can borrow more and the train gathers more steam. Low interest rates fueled the boom more. The Republicans aren't blameless, but at least some effort was made to fix the mess before it imploded.
Search for the video - "Democrats Covering up the Fannie Mae, Freddie Mac and Economic Crisis"
The Bush administration warned of the looming problem as far back as 2001. The congress resisted efforts at reform and you'll find it was people like Barney Frank who told everyone there was no problem at Fannie/Freddie. Of course, there was no problem because much of Fannie/Freddie profits were finding their way into the Democratic party. The biggest crooks were the biggest contributers.
helmuthedd- i too agree with thehuncher. the problem is that our money is not backed by gold. the predatory lending practices & the loe interest rates were just a distraction from the truth. just as 911 was a distraction from the money stolen from the pentagon. and the pane (missle) just happened to hit were the accounting offices were investigating the missing money. hmmm
@kissmybuttdimple Haha, I know u posted 2 years ago but I have to ask, how do you like your 'Change'? Obama campaign promises to close Gitmo, Out of Iraq in 6 mo., No troop surge in Afghan, transparent gov't, a bill will sit 5 days before signing, abolish the Patriot Act, help mortgage holders, control spending, tax the super rich and corporations? All not done, oh wait, he did pass an unconstitutional Health Care Bill. Im very disappointed him him. Both Rep, Dem & the Fed are to blame.
@glenlackey2 President Obama HAS been a disappointment. i can't imagine what he will say to the american people to get RE-ELECTED. but after 8 years of W BUSH there was NO WAY IN HELL a republican was going to get elected in 2008. and as bad as President Obama has been he was a FAR BETTER choice then HILLARY CLINTON. i knew we were in trouble when President Obama made his CABINET CHOICES.
@kissmybuttdimple Right you are buttdimple. btw-I love butt dimples on a woman. One of the sexiest things for some reason. So do think the US Dollar and economy are headed for a huge crash? Do you know about the Bilderberg Group and what they do? The Fed just keeps printing money and OPEC is thinking about dumping the dollar for the stronger Euro. Over 13 million americans have lost their homes in the last 4 years. Do you like Ron Paul? Any Republicans? If Obama wins again it will be bad.
How long before the angry mobs start to form? My prediction is it will happen around the beginning of the year, after the holidays and end of year layoffs. Expect many major layoffs by the end of the year. The economic locomotive that has been pulling the US economy has just derailed. Profits are going to dive and CEOs will scramble to eek out any possible gains to secure their bonuses. Mark my words, a day of reckoning is upon us all.
Look who's eating humble pie now. It was with the help of perpetually bullish wallstreet jerks like Cramer that brought on the housing mania and subsequent crash which brings us to today. My own predictions, without Cramer's crystal ball, is that the US economy will be a real slouch for the next 10-15 years similar to that of Japan after the IMF crisis that began in '97.
Cramer and the rest of the "market anylysts are predicting doom if the bailout is not initiated. Why? Because they have extensive funds of their own in these institutions. A recent article in the Post reveals the motives and incestuous relationships between these finacial "gurus" and their total lack of objectivity. His assertions are nothing more than self interest opinions based on his own portfolio. He and most of the others stand to profit hansomely if the fed bailout becomes reality.
So do alot in congress so I betcha out of self interest they will do the bailout, then when the rest of the poorer folks backs break because of the load (of borrowed money with interest) on a debt that is not theirs breaks, they will come after everyones homes faster then anyone can bat an eye. People can barely chose between gas for work and eating lets chuck this on these folks as if thats not going to create more bankruptcies, forclosures and homelessness, this is sickening
what's scary is cramer is so calm on the shows lately. i think he has his crystal ball out and is worried sick; he knows even if this bail out passes it's still a crap shoot. i know some people say don't listen to him but i think he is spot most of the time.
IDK but I hope so...That would be the best thing that could happen...Take your money out of the big banks and put it in the smaller mom and pop credit unions...
I think it is purposely spoken so that we could not understand.
Robert Lichota
rlichota1 5 months ago
He might have fucked up! But he still made money for people through the years.
spernoadversa 2 years ago
Thank you for allowing me to stop by!
Hey this is really GREAT STUFF HERE!
I would like to share with you what The Bailouts have been doing for us:
click on the link here or type in 4tomhenry the search
Enjoy and keep passing all of us at YouTube around!
4tomhenry 2 years ago
No one's going to jail, even Madoff cut a deal and will never see jail. The law and business worlds are too closely related (Jewish).
dodododa 2 years ago
Of the millions of people he scammed and rendered bankrupt? He'd be lucky to go to jail. What worries me is he might get assasinated.
tellhansel 2 years ago
The stock market took a big stinky dump today, dropping 300 points = 7200
TruthandJustice101 2 years ago
Where did the Bail Out money go ? It is not trickling down to the middle class !!
GA7777777 3 years ago 2
It returned to the thin air from wence it came...
Nexus974 2 years ago 2
This has been flagged as spam show
lovin this video!! leave me a comment
energetic fun smart and loves this video V0
1143443 3 years ago
This has been flagged as spam show
want to chat with singles
just moved new area QE
7ahg 3 years ago
I used to dislike Cramer but I have to admit he's performed a valuable public service explaining the financial meltdown. He was ahead of the curve, too. Some of the things he said back in August 2007 were prescient.
I think it's unfortunate he uses the word "show trials" because show trial refers to trial used for propaganda purposes only. The people tried and punished weren't necessarily criminal. These trials, if they happen, would serve more than propaganda-the perps are real crims.
YusefAsabiyah 3 years ago
are you putting me on?
hes a dope!!
he was wrong about his so called bottom and Phil Grande smoked his ass!
johnnecron 3 years ago
I thought the consumer decided who stayed in business?
I guess now the government decides who stays in business
rokuez 3 years ago 2
Exactly lets go get some banker heads
bananito2 3 years ago
crook talking
hktraveller 3 years ago
This has been flagged as spam show
Instead of throwing away a trillion dollars and having the federal government take over our banking system, there is one very simple solution that is guaranteed to stabilize Wall Street.
We go back onto the Gold Standard. It worked well for most of our history and it can again.
For those of you who aren't old enough to remember, we were on it until Richard Nixon helped take us off it in 1971, so its not that big a step go back.
Eric13Bravo 3 years ago
On Decemer 21 2012, the economy will completely fail and it will be the end of the world... good luck
Peetsadoe450 3 years ago
The world isnt going to end. Thats impossible, Earth will exist after nuclear war, asteroids, etc.
The doomsday prophecy talks of a great change or shift of life on Earth.
ottomisso 3 years ago
The earth can't be destroyed by humans yet. Even with a nuclear holocaust, species of beetles and deep sea worms would thrive, the earth would have a harsh period but renew itself shortly. The earth probably wouldn't mind, actually.
However, you need to stop the conspiracy theories...some of the people on this planet do care about the continuation of our species. People have been saying the world is going to end every couple decades now...can't help but say "Boy Who Cried Wolf".
andid 3 years ago
thats what happens when you are a socialist!!wait some assholes will say usa is not a socialist state!!u pay taxes to fund wars,dats enuf 2 show dat u live in a socialists country!!
sshapewa 3 years ago
Funding wars isnt a valid example. Entilement programs, talks of free health care and increasing government makes us socialist.
ottomisso 3 years ago
BUCK STOPS AT THE TOP... republicans run us into the ground once again.... W BUSH and his criminal cronies.. cashing in heading for the hills.... you pay your money .. you take your chances america.... POVERTY AND SOCIALISM... THE REPUBLICAN VISION FOR AMERICA..
kissmybuttdimple 3 years ago 4
If you investigated this you would find that the root of the problem is the vote-whores legislating lower credit requirements. This started before Bush was even in office. People like Barney Frank are more responsible for the mess than the Republicans. The idea that poor people should be borrowing for something they can't afford is something the left has trumpeted for years.
HelmutHedd 3 years ago
I disagree. As an investigative lawyer, the 'root' of the problem is that ALL of the alleged loans were made out of thin air. There is NO "lawful money" out there and the Fed Reserve is private. Kennedy was killed because he wanted to get rid of the Fed Reserve. I am now getting rid of ALL loans/alleged debts for people by using their own laws against the lenders.
thehuncher 3 years ago 4
Of course the money came out of thin air. It was the vote-whores that wanted to make housing affordable for the poor. The vote-whores used Freddie/Fannie to get the money out there, then all lenders had to jump all over it. If the poor could then get houses, the higher incomes can borrow more and the train gathers more steam. Low interest rates fueled the boom more. The Republicans aren't blameless, but at least some effort was made to fix the mess before it imploded.
HelmutHedd 3 years ago 2
Search for the video - "Democrats Covering up the Fannie Mae, Freddie Mac and Economic Crisis"
The Bush administration warned of the looming problem as far back as 2001. The congress resisted efforts at reform and you'll find it was people like Barney Frank who told everyone there was no problem at Fannie/Freddie. Of course, there was no problem because much of Fannie/Freddie profits were finding their way into the Democratic party. The biggest crooks were the biggest contributers.
HelmutHedd 3 years ago 2
helmuthedd- i too agree with thehuncher. the problem is that our money is not backed by gold. the predatory lending practices & the loe interest rates were just a distraction from the truth. just as 911 was a distraction from the money stolen from the pentagon. and the pane (missle) just happened to hit were the accounting offices were investigating the missing money. hmmm
billsarebullyesyes 3 years ago
@kissmybuttdimple Haha, I know u posted 2 years ago but I have to ask, how do you like your 'Change'? Obama campaign promises to close Gitmo, Out of Iraq in 6 mo., No troop surge in Afghan, transparent gov't, a bill will sit 5 days before signing, abolish the Patriot Act, help mortgage holders, control spending, tax the super rich and corporations? All not done, oh wait, he did pass an unconstitutional Health Care Bill. Im very disappointed him him. Both Rep, Dem & the Fed are to blame.
glenlackey2 7 months ago
@glenlackey2 President Obama HAS been a disappointment. i can't imagine what he will say to the american people to get RE-ELECTED. but after 8 years of W BUSH there was NO WAY IN HELL a republican was going to get elected in 2008. and as bad as President Obama has been he was a FAR BETTER choice then HILLARY CLINTON. i knew we were in trouble when President Obama made his CABINET CHOICES.
kissmybuttdimple 7 months ago
@kissmybuttdimple Right you are buttdimple. btw-I love butt dimples on a woman. One of the sexiest things for some reason. So do think the US Dollar and economy are headed for a huge crash? Do you know about the Bilderberg Group and what they do? The Fed just keeps printing money and OPEC is thinking about dumping the dollar for the stronger Euro. Over 13 million americans have lost their homes in the last 4 years. Do you like Ron Paul? Any Republicans? If Obama wins again it will be bad.
glenlackey2 7 months ago
How long before the angry mobs start to form? My prediction is it will happen around the beginning of the year, after the holidays and end of year layoffs. Expect many major layoffs by the end of the year. The economic locomotive that has been pulling the US economy has just derailed. Profits are going to dive and CEOs will scramble to eek out any possible gains to secure their bonuses. Mark my words, a day of reckoning is upon us all.
PlanoFool 3 years ago 3
Look who's eating humble pie now. It was with the help of perpetually bullish wallstreet jerks like Cramer that brought on the housing mania and subsequent crash which brings us to today. My own predictions, without Cramer's crystal ball, is that the US economy will be a real slouch for the next 10-15 years similar to that of Japan after the IMF crisis that began in '97.
HowieTheFink 3 years ago
Cramer and the rest of the "market anylysts are predicting doom if the bailout is not initiated. Why? Because they have extensive funds of their own in these institutions. A recent article in the Post reveals the motives and incestuous relationships between these finacial "gurus" and their total lack of objectivity. His assertions are nothing more than self interest opinions based on his own portfolio. He and most of the others stand to profit hansomely if the fed bailout becomes reality.
mick0057 3 years ago 4
So do alot in congress so I betcha out of self interest they will do the bailout, then when the rest of the poorer folks backs break because of the load (of borrowed money with interest) on a debt that is not theirs breaks, they will come after everyones homes faster then anyone can bat an eye. People can barely chose between gas for work and eating lets chuck this on these folks as if thats not going to create more bankruptcies, forclosures and homelessness, this is sickening
KARStarla 3 years ago 3
what's scary is cramer is so calm on the shows lately. i think he has his crystal ball out and is worried sick; he knows even if this bail out passes it's still a crap shoot. i know some people say don't listen to him but i think he is spot most of the time.
stshell 3 years ago
economic bailout news and updates on army occupation of another sovereign land
watch?v=P1qOMCBLIB0
ethogenic 3 years ago 2
The Government has just announced they will start printing a $1000 dollar bill. ( Easier to withdraw your money without a wheelbarrel)
jfcrow1 3 years ago 2
is this true?
aln2325826571 3 years ago 2
they've been making thousand dollar bills for yrs...
alabamafilmfestival 3 years ago 2
but are they printing more of them?
aln2325826571 3 years ago 2
IDK but I hope so...That would be the best thing that could happen...Take your money out of the big banks and put it in the smaller mom and pop credit unions...
alabamafilmfestival 3 years ago 2
BOOOYAHHHHH
japee5 3 years ago 2