On Jim Cramer

CNBC is to financial news as World Wrestling Entertainment is to wrestling.

On CNBC and other worthless things

I’ve heard all this shit before. I’ve heard this same song and dance after the tech bubble burst and Nasdaq crashed. I’ve already heard all of this fake contrition from CNBC, all of this self examination and reflection about how they’re so sorry about being complicit in the crash and the lies and that helped fuel it. And what happened after that?  Well less than ten years later the same exact thing happened all over again except this time it’s worse and it may actually cause a world wide depression. Oh and did CNBC  bother to fill some kind of responsible journalistic financial watch dog role over the last eight years? Hell no. Instead they hired a bunch of news reader money slut models like Trish Regan, Erin Burnett and that stupid blonde bitch.

Rick Santelli=Asshole

Rick says that we shouldn’t subsidize the “losers”. That’s funny because I don’t remember him ever calling Bank of America losers, or Countrywide losers, or WaMu losers, or Wachovia losers, or Merrill Lynch losers, or Citigroup losers. But he has no problem calling struggling homeowners losers. Get real asshole. Rick Santelli and his fellow propagandists aren’t even honest enough to admit that their beloved free market capitalist system caused this fucking disaster. And now these assholes have the audacity to talk about moral harzard?! Now? Fuck you… And another thing, I wish you right wing pricks would try and revolt, because then we’d be able to eliminate you “losers” once and for all.

The most disturbing financial article I’ve ever read

If you don’t know who Nouriel Roubini is, then you’d better find out and find out quick. He has accurately predicted almost everything that has happened in the markets thus far. These are excerpts from his most recent 10/9 article about global economic collapse that is currently in progress. 

“At this point the risk of an imminent stock market crack – like the one-day collapse of 20% plus in US stock prices in 1987 – cannot be ruled out as the financial system is breaking down, panic and lack of confidence in any counterparty is sharply rising and the investors have totally lost faith in the ability of policy authorities to control this meltdown.”

“When in markets that are clearly way oversold even the most radical policy actions don’t provide rallies or relief to market participants you know that you are one step away from a market crack and a systemic financial sector and corporate sector collapse. A vicious circle of deleveraging, asset collapses, margin calls, cascading falls in asset prices well below falling fundamentals and panic is now underway.”

“At this point severe damage is done and one cannot rule out a systemic collapse and a global depression. It will take a significant change in leadership of economic policy and very radical, coordinated policy actions among all advanced and emerging market economies to avoid this economic and financial disaster.”

Please Help

the world according to CNBC

1- You’re stupid and you don’t have a business degree like we do

2- Trust us, we’re on your side

3- The $700 billion dollar bailout is for small business and main street

4- We’re journalists

5- Do you remember all those tech stocks we hyped back in 2000, yeah well forget all about that.

6- We have to do something or we’re all going to die

7- Banks are more important than people

8- Rich people are better than all people

9- Rich white people are better than minorities

10- Rich white people have a divine right to billion dollar socialism and privatized profits

11- You can’t short GE stock, bitches!