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Jim Cramer’s Stock Market Manipulation Primer

Posted on Mar 13, 2009
Cramer on TV

The ugly truth: “Who cares about the fundamentals?” Listen and learn, folks.

So CNBC hyperpundit Jim Cramer was the very picture of contrition during his cringe-tastic appearance on Thursday night’s “Daily Show.” But let’s revisit this moment from 2006—when Cramer brought a much haughtier version of himself to TV to discuss, among other delightful topics, how to “create a new truth to develop a fiction” whilst in “hedge-fund mode”—shall we?



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By Ron, March 15, 2009 at 5:53 pm Link to this comment
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It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians & incompetent regulators for what has happened.

While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See:


Ron with 30 plus years in the investment business and banking industry.

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By TheRealFish, March 15, 2009 at 10:19 am Link to this comment

Now that Stewart has done (once again) the type of work that actual “journalists” should have been doing all along, I wait, hope and, if I were not one of the largest minority in this country—those who claim no religion—“pray” that further damning evidence comes to light explaining how the corporate MSM are complicit in right-leaning (corporate-leaning) political spin for years now.

Perhaps then, they could effectively have their noses rubbed in the fact that we, the majority of Americans, have now voted not once but twice in a row to silence the voices that have led to our economic ruin—and have those corporate media explain why they *still* feature pundits from the right at a two-to-one ratio over liberal/progressive voices.

They have not yet gotten the message: We DO NOT WANT to hear from that right side of aisle anymore. We have heard enough and they have nothing new to add other than repeating messages of failure and corruption.

When will that incontrovertible evidence be shown in a way that is irrefutable? (Actually, since such evidence *has* been shown, e.g.,, when can or will recognition of those facts be forced upon all the cable spin-meisters?)

If I have a (likely naive) hope for a change I can believe in, that is one.

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By Ed Harges, March 15, 2009 at 9:49 am Link to this comment

re: By Thomas Mc, March 15 at 10:46 am:

Indeed, there seems ample basis in these clips to bring charges. He says, “This is what I do, and it’s illegal, but I do it anyway, because the SEC doesn’t understand it.”

Also, Cramer’s admission at one point that he would “never say that on TV” is absolutely damning for his show and his network.  Aside from any legal difficulties he invites with his other statements, this admission amounts to telling us unmistakably that he and CNBC are not to be trusted. Why on earth would any viewer continue to tune in to be lied to by people who have explicitly told us that they are lying to their viewers?

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By Thomas Mc, March 15, 2009 at 7:46 am Link to this comment

The SEC should be investigating Cramer.

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By Dinkster, March 14, 2009 at 6:19 pm Link to this comment
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The media is playing this whole episode as a “smack down” showing that they don’t get it. CNBC will never utter a word about this incredible embarrassment lest they jeopardize their franchise and money stream. But, now the lie machinery is beginning to be circumvented and hopefully this will be the beginning of some transparency and responsibility for the financial debacle. However, I’m not holding my breath as we all know that the “media” only cares about one thing - money; accuracy, honesty and clarity be dammed.

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By coloradokarl, March 14, 2009 at 5:08 pm Link to this comment

Maybe we should trace some of cramers trades and see what comes up.

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By wildflower, March 14, 2009 at 1:11 pm Link to this comment

Seems to me the media in the U.S. has essentially become one big “infommercial” without disclosing the fact that they are “infommercials.”

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By P. T., March 14, 2009 at 11:59 am Link to this comment

They make money not by being smart, but by being dishonest.

Day traders looking at their useless charts should see this video.

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By Ribald, March 14, 2009 at 10:46 am Link to this comment
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It’s times like these that the US seems the ever-optimistic, yet hapless fool. Defrauded again and again, the public cries for accountability. The political and financial leaders, with grim faces, tell us: “They may be thieves, but they’re the only ones who can make money in these times. If we put them in prison, our situation will be hopeless. This is more important than your unreasonable lust for revenge.”

  If we accept this lie, we accept what amounts to nothing less than oligarchical rule and the end of justice. Our political elite would have us believe that this is the most pragmatic and forgiving way, even as they cement the legal inferiority of us peasants into law and established practice.

  Until a political solution can be reached, a true solution will be forever out of our grasp. The economy will recover exactly as they wish it to: with the public dependent on them, beholden to them, and unwilling to stand up for fear of reprisal from them; ripe for another vast fraud to be perpetrated.

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By jr., March 14, 2009 at 10:16 am Link to this comment

Where would the Universe be without hucksters?

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By Blackspeare, March 14, 2009 at 9:54 am Link to this comment

This brings to mind the old adage; “Believe nothing of what you read and hear and only half of what you see!”

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By jkfields, March 14, 2009 at 7:13 am Link to this comment
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So far Cramer has given us one truth-The SEC doesn’t know what’s going on.

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By Purple Girl, March 14, 2009 at 5:06 am Link to this comment

Lured in ‘Day traders’ to further their Plundering.
Seems they weren’t happy just gambling with the weathies money- so they lied about the Ratings to gain access to our ‘safe’ pensions, annuity and 401K’s. Still ‘Jonesing’ for a few more bucks, they conned average people into jumping in the the shark infested waters by promoting the DIY companies like E- trade & Scot Trade. Then develop cable channels who claim they are out to help the small investor make money and invest more wisely- while working the system behind the curtain to assure they Ultimatley lose. It’s not just Racketeering, it’s a conspiracy to committ Economic Treason.They have stacked the deck through lax Regulation/oversight,encouraged opposition betting, embezzlment, extortion,Squandering and when all else failed,conned the American people through DIY companies and their media promoters. Come on when you combine Banks, investment firms and insurance Corps and give them a Free Buffet Ticket to Wall streets Casino, what do you think they are going to do….Play til they can’t play no more, until they lose it all!!AIG was supposed to be covering these Bets- But they have been sitting at the (Russian) Roulette table too! AIG going Broke is exactly like the FDIC going broke.Those pensions/ annuities/401K’s were Our Deposits, and these Corps not only lost the Odds, they lost the the Wager. Our Annuities/pension/401K was the 1 which they leveraged out their 40 on…they lost it All, and no insurance to repay that 1!!!
Reason the Admin is not being ‘transparent’ about how the TARP money is being spent…Because they don’t want to send people into mass hysteria- Jumping out of windows or going on Shooting sprees.
this is why they keep telling people to wait out the market. Those who are not able to, they give what they can. If our economy does not pick up, Refilling those coffers will be impossible. These mutal funds are doing exactly like Madoff- paying off those they have to, and hoping not all the investors come demanding their money all at once- because there is Nothing really there.Get over it Folks, Wall Street was a Ponzi Scheme and We have all Lost our nest eggs.
They need to not only throw money back into the system to prime the pump of the financial industry (since it’s been milked Dry), they need to get the economic engine started so we can start refilling our own coffers.The Repugs and their Corp Overlords have stolen Everything, reason the hate the idea of ‘Redistribution’- means they ‘ll have to give back what they Stole.Without firing a Shot these Red Coats have destroyed our country through Economic Treason!
We need to prosecute these Traitors and move on. Our Grandparents were able to rebuild a properous nation following the last time they did this, So can we. Granted we may be celebrating our retirement on the day of our funerals, but as long as those behind do better we have been a Success.Time to ‘Cowboy up’, we must get back on this horse and ride it out,through the Bucks and jumps.We’ll Survive as long as we don’t wait for someone to spoon feed US the facts. We are a smart nation, able to read between the lines.We need to get back to work so we can begin consuming again, thus fueling an economy. if not for ourselves than for the generations to follow.So Buck Up and prove what a Strong nation we are and why !The World is waiting and Watching US for a reason- We have the Best track Record for success in the face of insurmountable odds, lets not let them down or our descendants by wollowing in self pity and fear,... or By Doing Nothing!
May God bless American and give US the Strength to do it again.

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