When asked “if you were 20 years old, would you be protesting down at Zucotti park?”, Cramer replied “probably yes.” Then his face instantly dropped, like WTF did I just say? Oh no, my bank friends are gonna be sooo pissed, OMGROFLMAO.
Lame.
If you enjoy the content at iBankCoin, please follow us on Twitter
Cramer is smart enough to know that socialism and communism does not work well in the long run. However, to remain friends with his half-wit liberal buddies (and to avoid marital strife) he’ll sometimes talk nonsense.
The real leftie on CNBC supporting the Occupy idiots is that effeminate British twit.
I wasn’t aware anyone in the Occupy Wallstreet movement had received a bailout. This is breaking news! Communism is what you get when you intervene in markets to prevent creative destruction from occurring. Can you think when this may have happened in the last few years. You capitalist shills are all the same, decry communism but when you fuck up scream “too big to fail” and stick your hands out to the taxpayer. Who’s the true commie comrade?
Soros and the major Unions are their bailout.
And look for taxpayers $$ being funneled through what used to be ACORN groups. Several of 0bama staff members are connected.
Most Tarp funds were repaid back with interest.
There are exceptions and a notable one is GM(contrary to what the CEO advertised).
Has the UAW paid back what was sent to them?
Take a guess.
The pension fund was bailed out while the bond holders of GM were screwed by 0bama.
Those idiots (assembly union workers plus the management)making crap cars are still over paid and GM will be toast.
Some of us read material other than the crap generated by the NY Times,NPR,CBS,CNBC,FOX (yes Fox), etc.
http://video.cnbc.com/gallery/?video=3000050634
TARP repayments were a smokescreen so that everyone could claim that the big banks were off the government drip. ZIRP is an active banking subsidy. I’m not supporting the OWS crowd (yet), but capitalists the bankers are not.
Bailouts are not a part of capitalism, that’s where you marxists get confused. That is a part of corruption in the system caused by a market that hasn’t been a true “free market” since 1913 when the federal reserve was founded but still was largely free until 1940 when taxes were small and less than 5% of the population had to pay taxes. It is the creation of the federal reserve that created the need for the IRS and that is when the industrial revolution started ending and all the entrepreneurship and technological boom of the early 1900s of railroad growth, radios, automobile commercialization, and creative people stopped showing up like Nikola Tesla and Thomas Edison as the school system was no longer designed to teach innovation, but instead train people to become factory workers, teachers, firemen, government dependent workers and socialists. This was actually somewhat productive for a few decades because at the time as factories required mass assembly and required a larger worker class. But not only would that idea get stale, but as politicians tried to fix education, they only made the problem worse and threw even more money into a failing system to make i fail even larger. As early as the 50s the negative results of not having innovation showed. It was overdone and innovation should have been the prime focus but ironically the real intelligence of the late 1800s and early 1900s was dead (in the late 1800s 8th grade math books are more advanced than college courses).
These were the early stages of government and business MERGING which is what some may consider a facist empire.
But like it or not, It is too late to go back to the gold standard overnight without deflation and the decimation of everyone who uses credit or has a job paid for by consumers and businesses using credit and if the spending habits continue without requiring politicians to have better economic and financial education starting in grade school, and voters as well to hold them accountable, we will end up shipping all the central bankers all the gold and socialism will not last very long at all anyways, because empty socialism promises of politicians are never funded anyways and they crush the desire and need for anyone to innovate.
Realistically, under socialism the banks will control the government which will control you and me and it will be too big to be stopped because of the marxists that fail to realize that money in the hands of the government is far more dangerous, for they make laws, have guns and tanks and seek absolute power, while businesses can only produce with workers, that they can only pay the market price or else other businesses will offer them a better job. Of course the possibility for an oligopoly setting wages too low will continue to exist which is a problem along with unemployment as long as the school system (modeled after Germany in 1800s) remains one where people are trained to be factory workers and employees.
We have a surplus of employees and a shortage of employers. That is why unemployment is so high. Anyone with half a brain can understand this. We don’t need larger government, and smaller government after the government has already created such a dependency for citizens upon the government would cause more pain before things get better like a serious drug addict quitting cold turkey (the withdrawl can kill if it’s bad enough). Before we do anything with government, we need education for the masses that isn’t corrupted by the government business empire.
What you marxist continue to assert is “capitalism” that is ruining this is the problem when this nation hasn’t been truly capitalistic in a long time. Yes, we do need structural reform, but until economic+finance are studied along with an in depth look at history and an understanding of how capital concentrates in a global economy, (not an island economy as most theories are about), and until school systems are reformed to create EMPLOYERS, unemployment will continue to grow, and it will only get worse if this government run economy movement continues.
The government will continue to cause problems without realizing it, just finding a scapegoat to incriminate afterwards rather than doing anything to PREVENT problems, instead they cause them in their ignorance and the only thing they are good at is manipulating people to vote for them, The most manipulative president will always win until we are taught to look at substance and facts andthe school system isn’t a bullshit no child learns shit and only learns what the government tells them to.
Wake up dude we haven’t been a capitalistic society in a VERY long time. And bailouts aren’t a part of capitalism, it’s a part of corruption in government enabled by the government’s growing absolute power in managing the economy. Capitalism started dying in the early 1900s when the school system was designed by factory owners for the creation of factory workers. It may have been a good idea initially, but it expanded as government expanded, due to taxes. In 1913 the corrupt federal reserve was formed and the IRS was created soon after, and government continued to make the education system worse. Look up text books in the late 1800s 8th grade text books teach calculus that a college student would struggle with.
The seeds that would be sewn causing problems really started when the federal reserve was formed and prior to 1940 less than 5% of the population was taxed. Comparatively the United states GDP growth relative to other countries peaked in the 50s. The US has been in a slow motion freefall in terms of it’s global market share ever since.
fuck, sorry for the excess repetitive posts the comment was awaiting moderation
I like the brit dude, he’s the one person asking interesting questions.
Privatize profits, socialize losses. It’s in the U.S. Constitution. It’s right next to the clause about the Federal Reserve being run by John Galt and the requirement to keep interest rates at zero to create stock bubbles and housing bubbles.
I think you mean John Gotti
Unfortunately, tonight’s entertainment will not include watching the protesters don billy-club skull caps. I was really looking forward to it after reading about the proposed clean-up and the unwillingness of the mob to vacate. Nanny Bloomberg continues to disappoint.
Wake up dude we haven’t been a capitalistic society in a very long time. And bailouts aren’t a part of capitalism, it’s a part of corruption in government enabled by the government’s growing absolute power in managing the economy. Capitalism started dying in the early 1900s when the school system was designed by factory owners for the creation of factory workers. It may have been a good idea initially, but it expanded as government expanded, due to taxes.
In 1913 the fed reserve was formed and the international revenue service was created soon after, and government continued to make the education system worse. Look up text books in the late 1800s 8th grade text books teach calculus that a college student would struggle with.
The seeds that would be sewn causing problems really started when the fed reserve was formed and prior to 1940 less than 5% of the population was taxed. Comparatively the United states GDP growth relative to other countries peaked in the 50s. The US has been in a slow motion freefall in terms of it’s global market share ever since.
The IRS was formed when the fed was formed because it was needed to allow the gov’t to pay the perpetually growing interest. Education has been in a freefall for quite some time, if you don’t believe me check out an 8th grade text book in the late 1800s
In 1913 the corrupt federal reserve was formed and the IRS was created soon after, and government continued to make the education system worse. Look up text books in the late 1800s 8th grade text books teach calculus that a college student would struggle with.
The seeds that would be sewn causing problems really started when the federal reserve was formed and prior to 1940 less than 5% of the population was taxed. Comparatively the United states GDP growth relative to other countries peaked in the 50s. The US has been in a slow motion freefall in terms of it’s global market share ever since.