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Steward "the comedian" shows Cramer that is a "naked cheerleader"
Stewart has used his medium and position to clearly show how utterly naked the entire illusion of the US Financial Market has become---it is the Emperor's Clothes in real time. The game was clearly simple; the derivative market was simply about the largest raid on the US savings assets that included the home market, 401K, IRA and pension funds. It was an unspoken conspiracy and collusion where they held the propaganda machine with all the business news, the agents of sales, the actual holders of banks, the ratings services, and the government.
How is 35-to-1 leverage sane? The bubble was "30% return from 1999 to 2007" the cheerleader's response. Selling the idea that you don't have to do anything is the big lie. Is US wealth our collective labor (meaning hard work) or the collective paper value of the illusion? Yesterday I had a conversation with a former mortgage broker who said that you have to make your money work for you?
I said money does not work, that is a metaphor! People work, labor is hard work, money can be a result of hard work if someone buys it and you invest in things that are based on hard work---hoping it results have an added value. Added value is not about a zero sum game, there is loss value to zero sum transactions the only increased value in society comes from non zero sum efforts where collective efforts create greater results. He was still too addicted to understand, he wanted the casino to reopen, he didn't want to work anymore he simply wanted to make money off of other people.
Yes, I hope we as a society to go out and fully investigate the entire ruling class that has raped our society over the past decade, Cheney's hit squads, all the war crimes and unconstitutional surveillance activities, but also the financial robberies constituted by Wall Street and beyond. Funny thing, I recall that in the late '70's and early '80's there was a call for "ethics classes" in business and college schools. It didn't materialize and this is the generation outcome---Cramer and his ilk who still can't see that they are naked cheerleaders.
Cramer for all his attempt at mea culpa was actually unrepentant, he was still cheerleading the cause----he didn't get it even though he was as naked as a patient in a doctor's examining room. Kudo's to the comedians who see all the hypocricies. What has really got the attention is that Stewart's ratings are going up like a rocket.
How is 35-to-1 leverage sane? The bubble was "30% return from 1999 to 2007" the cheerleader's response. Selling the idea that you don't have to do anything is the big lie. Is US wealth our collective labor (meaning hard work) or the collective paper value of the illusion? Yesterday I had a conversation with a former mortgage broker who said that you have to make your money work for you?
I said money does not work, that is a metaphor! People work, labor is hard work, money can be a result of hard work if someone buys it and you invest in things that are based on hard work---hoping it results have an added value. Added value is not about a zero sum game, there is loss value to zero sum transactions the only increased value in society comes from non zero sum efforts where collective efforts create greater results. He was still too addicted to understand, he wanted the casino to reopen, he didn't want to work anymore he simply wanted to make money off of other people.
Yes, I hope we as a society to go out and fully investigate the entire ruling class that has raped our society over the past decade, Cheney's hit squads, all the war crimes and unconstitutional surveillance activities, but also the financial robberies constituted by Wall Street and beyond. Funny thing, I recall that in the late '70's and early '80's there was a call for "ethics classes" in business and college schools. It didn't materialize and this is the generation outcome---Cramer and his ilk who still can't see that they are naked cheerleaders.
Cramer for all his attempt at mea culpa was actually unrepentant, he was still cheerleading the cause----he didn't get it even though he was as naked as a patient in a doctor's examining room. Kudo's to the comedians who see all the hypocricies. What has really got the attention is that Stewart's ratings are going up like a rocket.
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Jim Cramer naked...thanks a lot for that mental image. Now please pass the brain bleach.
March 13, 2009 3:01 PM | Reply | Permalink