Jim Cramer is a Brilliant, Fast Talking Fool!
January 13, 2017
Jim Cramer is a brilliant, fast talking money manager with a top rated daily TV show called "Mad Money" where he gives promotional stock picking advice to his avid followers. Jim Cramer predicts that banks have almost unlimited upside potential while my analysis predicts that most banks will fail when USAPonzi Implodes.
Dr. Jeremy Siegel is a professor of Economics at the Wharton School of Economics of the University of Pennsylvania. Dr. Siegel is known as the "Wizard of Wharton". Dr. Siegel has been predicting that the stock market will go up dramatically for many years now.
"Jeremy Siegel is one of the great ones. [His article at the market top was] one of the most stark and prescient calls I have ever seen". - Jim Cramer, CNBC Mad Money
Both Jim Cramer and Dr. Jeremy Siegel are fools! They are fools because they believe the U.S. Government. But if you can't believe the U.S. Government, whom can you believe.
And yes, I do think Jim Cramer is brilliant and certainly a fast talker but unfortunately he has been fooled by a corrupt U.S. Government.
The U.S. Government is committing fiscal and accounting fraud by borrowing $104.8 Trillion of imaginary-counterfeit money from the future Americans and giving it to the current Americans. The current Americans have gotten very rich because of this fraud (See Getting Rich from U.S. Government Fraud). The Imaginary Stock Market continues to go up because the U.S. Government has borrowed $104.8 Trillion of imaginary-counterfeit money from the future Americans and is borrowing more every day with GAAP basis deficit spending.
Jim Cramer and Dr. Jeremy Siegel are both fools because they have been fooled by a corrupt U.S. Government. But they are not alone, most of the planet has been fooled by a corrupt U.S. Government that is committing fiscal and accounting fraud.
Proper GAAP Accounting (Generally Accepted Accounting Principles) clearly reports that the U.S. Government is making financial commitments that it cannot keep. The U.S. Government has borrowed $104.8 Trillion from the future Americans and given it to the future Americans. Someday soon the planet is going to wake up and realize that the future Americans cannot pay a ballooning tax bill that as of today is $104.8 Trillion. $104.8 Trillion is in fact a whole hell of a lot of money (See How Much Money is 2.5 Trillion Dollars?).
The U.S. Government is committing fiscal and accounting fraud by "borrowing" imaginary-counterfeit money from the future Americans and giving it to the current Americans. As of today, January 13, 2017, the U.S. Government has borrowed $104.8 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the current Americans with GAAP basis deficit spending.
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|| $5.64 Trillion
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|| $104.8 Trillion
|Total National Assets
Source: www.usdebtclock.org January 13, 2017
I have just published a new website www.usaponzi.net that I think better explains how this fraud works to create "The Imaginary Stock Market" and to create false wealth and prosperity for the current Americans.
This fraud is also explained in CliffsNotes format (USAPonzi CliffsNotes) and is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my www.usaponzi.net website in both Kindle and PDF formats.
This is the biggest ($104.8 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and it is “The Biggest Ponzi Scheme on the Planet”!