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CNBC gives financial advice

TheVoiceInsideTheVoiceInside Posts: 361
edited March 2009 in A Moving Train
The Daily show's take on how bad cnbc is. this is great.
http://www.thedailyshow.com/video/index ... oId=220252
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  • normnorm Posts: 31,146
    TheVoiceInside wrote:
    The Daily show's take on how bad cnbc is. this is great.
    http://www.thedailyshow.com/video/index ... oId=220252

    i was laughing my ass off last night at that :mrgreen:
  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    I think Santelli is an indicator of the latent and almost esoteric nature of the "half truth" propaganda on CNBC.
    [i actually like Rick more than most of those CNBC guys, but he is, at heart, an institutional inflationist -- bailouts for the SYSTEM only, but pretend to be against it, otherwise]

    You will certainly get some real information on what is going on,
    and you will even get some "sensible" opinions (witness Santelli here),
    but when seen in light of "the full context", it begins to break down.

    In other words,
    bailing out SOME homeowners is stealing from SOME taxpayers to bail out others.
    That sucks, agreed.

    Beyond that, obviously if you listen to MSM for investment advice (PARTICULARLY in a DENIED time of crisis) you are risking taking it in the pooper.

    But how can you blame TV for telling the people what they wanted to hear?
    How many of you believed we would be hear last year?
    Raise your hands. Honestly, how many would EVER have admitted that the Dow would be at 6500 and Obama would be spending ALL his attention on the "financial CRISIS"?

    Just a small point.
    Hopefully more such skeptical reporting by mainstream goofs like John Stewart will wake people up to just how "matrix"-esque their world has become. NOTHING as it seems, folks.

    The banks are sucking you dry right now, and they are using your government to delude you in to thinking you are being "saved". You better get over your "hope" and start demanding some "real" change.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • inmytreeinmytree Posts: 4,741
    TheVoiceInside wrote:
    The Daily show's take on how bad cnbc is. this is great.
    http://www.thedailyshow.com/video/index ... oId=220252

    Stewart was spot on...Jim Cramer is a putz...he's an entertainer similar to rush...or should I say he's a cheerleader...? I love how he keeps blaming Geithner for the current state of affairs, as he can just snap his fingers and "fix it, just fix it"....

    I guess Cramer's cheerleading had nothing to do with anything, or the handing money out like candy, or credit default swaps...

    I was under the impression there were no guarantees when it comes to investing and **gasp** one may lose money on there investments...I guess Cramer has forgotten about that....
  • CommyCommy Posts: 4,984
    what got me is that some republicans are already blaming Obama for the economy. apparently they have no knowledge or recollection of the last 8 years. I mean its bad, there may be no fixing it, but I don't see how pumping trillions of dollars into the economy could make it worse. the inflation from that isn't supposed to be felt for a few years anyway, from what I remember.
  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    Commy wrote:
    but I don't see how pumping trillions of dollars into the economy could make it worse.

    Famous last words.

    Inflation is for ever, commy.
    :(
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • CommyCommy Posts: 4,984
    DriftingByTheStorm wrote:
    Commy wrote:
    but I don't see how pumping trillions of dollars into the economy could make it worse.

    Famous last words.

    Inflation is for ever, commy.
    :(
    I should have clarified.


    I don't see how pumping trillions of dollars into the economy could make it worse so quickly.
  • evenflowevenflow Posts: 401
    Commy wrote:
    I should have clarified.

    I don't see how pumping trillions of dollars into the economy could make it worse so quickly.

    Because whenever you don't have trillions of dollars to pump in, and you have to borrow it from other country's, including one of your biggest enemy's (China, for those who don't know) it goes against every basic financial principle. It's like whenever people who live paycheck to paycheck decide to borrow a large sum of money to try to get ahead. It doesn't even work on paper, much less in the real world.

    Bad idea jeans, man.
    It's all about the music...

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  • CommyCommy Posts: 4,984
    wait, they borrowed the money for the bailout? I was under the impression that they printed it.
  • evenflowevenflow Posts: 401
    Commy wrote:
    wait, they borrowed the money for the bailout? I was under the impression that they printed it.

    Really? :?:
    It's all about the music...

    http://www.myspace.com/christianjame (Music Page)

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  • CommyCommy Posts: 4,984
    really.



    http://thepanelist.com/index.php?option ... emid=10059 here its printed


    http://www.sfgate.com/cgi-bin/article.c ... s.business here its borrowed


    here its back to being printed again. http://www.marketoracle.co.uk/Article6625.html


    maybe you have some info on this?
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