December, 2008

Cramer Finally Wakes Up — “It’s All About Trust”

December 13, 2008 @ 8:36 am · Filed under Reality

Check out this video from Jim Cramer in which he admits the current market is rigged, and that trust is breaking down. His solution: more regulation. If they are calling for more regulation on CNBC, then you know that change is coming. Unfortunately, that change will, in the end, make no difference.
It will make no difference, because this economic system will end the way every other system based on a debased or fiat currency has ended: with a crash. If you look at history, you will find that every time fiat money has been used, it has failed. And, it has failed the same way, with a wave of debt, speculation and inflation.

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