Ron Paul on Mad Money

The cognitive dissonance on this video is amazing. I saw Jim Cramer's explosion on the air about the Federal Reserve a while ago, and while I appreciate the fact that both of them oppose the Fed, they probably oppose it for differing reasons. Cramer was upset that Ben Bernanke didn't act quickly enough to save the markets (and therefore bail out Cramer and his stock market, banking, and hedge fund buddies). Ron Paul hates central banking in general, because inflation created by central banking tends to hurt the lower and middle classes, and central banks are an enabler of government deficit spending. Jim Cramer seems to be in it for extracting revenge, as Ben Bernanke isn't "Easy Al" with the "Greenspan Put" on hand (though my prediction was wrong--Ben Bernanke has relented and dropped rates recently). Also amusing is their disparity in arguing their points. Cramer is his typical insane self, hopping in fury, while Ron Paul, the elder statesman, speaks about the matter calmly and rationally.

To be fair to Cramer, he is an entertainer, and people should view him as such: take his antics and advice with a grain of salt. I must give him mad props on having Dr. Paul on his show, and advocating Federal Reserve transparency.

Jim Cramer: Wake Up Bernanke!

It looks like Ron Paul isn't the only one who's choosing to stand up to the Federal Reserve Chairman, Ben Bernanke. Jim Cramer goes ballistic on the air, demanding that Ben Bernanke "Wake up" to the carnage happening in the economy, and lower interest rates. Cramer cites the collapse of the stock market, and the millions of people soon to be facing foreclosure due to tightening credit:

I hate to disappoint Jim Cramer, but I highly doubt the Fed Chairman is going to lower rates. This is because there is one major concern that trumps all for the Federal Reserve: protect the currency at all costs. Ben Bernanke doesn't care for the troubles of condo flippers and day traders. Nay, even if it meant bankrupting every businessman and homeowner, the dollar must be preserved. You see, if we drop rates at this critical juncture, every single foreign government that is holding our debt, as denominated in dollars, will dump dollars so fast the what happened to the Weimar Republic will look like a picnic. Ben Bernanke will do two things: raise rates to keep people buying up our debt, then perform a massive helicopter drop.

Best Ben Bernanke Parody Ever

This has to be the most hilarious Helicopter Ben picture I've ever seen: Lost all your money flipping Las Vegas condos or daytrading sub-penny gold stocks? Maxed out 100 grand on your credit cards? NO PROBLEM! Helicopter Ben to the rescue! Thanks Bull (Not Bull) for the graphic.