r/videos • u/Nodiggity1213 • 1d ago
Jim Cramer is a douche.
https://youtu.be/gyaPf6qXLa8?si=_r4kCV-PD6BbqxcI227
u/Hial_SW 1d ago
Not going to bother watching this, the title is correct.
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u/Ferreteria 1d ago
It's a helpful reminder to not underestimate exactly how much of a douche he is.
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u/Stolehtreb 1d ago
Feel like every top comment on this sub lately is “I’m not going to bother watching this…” related.
It’s a videos sub. Why are any of you even here?
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u/MajorLazy 1d ago
Like, why are any of us really here man?
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u/EmperorHans 5h ago
It's one of life's great mysteries, isn't it. Why are we here? I mean, are we the product of... some cosmic coincidence or, is there really a God... watching everything? You know, with a plan for us and stuff. I don't know man, but it keeps me up at night.
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u/averyrdc 1d ago
Nobody on Reddit who comments has read whatever article is posted nor watched whatever video was posted. The only time to trust the commenters actually saw the content is when it’s super dumbed down screen shots of text.
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u/secondphase 1d ago
Interesting.
I hadn't heard Jim Cramer's name for a while. Then, over the last 48 hours I see at least 2 articles about "Jim Cramer speaks out against Trump Tariffs"
Now I see "Jim Cramer is a douche" posted.
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u/Nodiggity1213 1d ago
Yeah he was in favor of tariffs what 2 days ago? He ChAnGeD HiS tune
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u/secondphase 1d ago
Fair enough. I missed the whole "in favor of tariffs on a tuesday, against them on a thursday" thing.
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u/Interesting_Pen_167 20h ago
I have been watching CNBC just to get a feeling and he said on a panel show that he hates free trade and always has. I haven't listened to Cramer much in the past but is this true? The other hosts seemed shocked he said it and then he double and triple downed for the next few days/weeks until recently where he said he was wrong.
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u/AntoniaFauci 13h ago
I defend Cramer, not the man, but from the over the top disinformation that’s spread about him. I’ll probably do so in another reply to this video, which is widely misrepresented.
But I can confirm your impression is exactly correct. His flip in the last couple of months has been disgusting, and he’s going overboard with various lies about his own history on tariffs and other things. He’s sucking up to the current administration like never before.
He keeps repeating the lies “I’ve always been against free trade, I’ve always hated globalism!”
That’s just untrue. I’ve known and followed him for over 30 years.
He’s always been in favor of free trade, and efficiency in markets and trade, and opposed to broad tariffs.
The only figment of truth is he has sometimes favored very specific and targeted tariffs, but only in cases of obvious abuse, like a country dumping enormous amounts of steel at far below cost in order to damage our industry. For the most part, he’s been vocally against tariffs and trade restrictions.
He’s doing the same historical revision with Trump, who he’s previously disliked, albeit with only enough courage to do so in quips.
Same with his sudden and false shift to smearing the former FTC chair Lina Kahn. He admired and praised her effusively for 4 years. With good reason. Now he parrots all the trash talk about her. It’s pathetic.
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u/Interesting_Pen_167 12h ago
Thanks so much for posting this, I feel like Jim basically gaslit me into thinking this was a normal position to take for someone on a CNBC panel.
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u/Thomas_Foolery_ 4h ago
Why bother the rat has openly admitted that he manipulates markets and trades off it lol
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u/AntoniaFauci 2h ago
I’d urge you to read my direct response to the video above, and you’d learn that the video is not him actually saying he does that. He’s in his storytelling mode describing industry practices from a decade or two earlier, not what he is doing or did.
That segment was filmed in 2006 for his real money web channel. At that time he’d been out of Wall Street for five years. He was mimicking a typical scammy hedge fund operator.
For someone who doesn’t know the context and how he does these routines, they’d be perfect targets for being duped. That’s how this video and a couple of other deceptive clips have been used incessantly to smear him.
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u/DimiDrake 1d ago
I used to work for a company whose CEO was neighbors and best buds with him. Can confirm the extreme douchiness of Jim Cramer. And the CEO.
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u/OhShitItsSeth 1d ago
Jim “Bear Stearns is doing fine” Cramer
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u/AntoniaFauci 1h ago
Not a great example. The Bear Stearns tales about Cramer are one of the more egregious false smears. He has made some very powerful and vindictive enemies, and they have used that false story to great effect.
For anyone who happens to be intellectually curious, the famous story and video are clipped to reverse what actually happened.
The true story is that for WEEKS preceding the market crash, Cramer had been screaming to his readers, viewers, media of all kinds to sell ALL stocks. Months prior he was insisting on selling certain stocks, but then switched to a sell everything mode.
Then, like now, he was attacked by both uninformed casuals and his well informed enemies. They were experiencing market highs, and this clownish figure telling people to sell was portrayed as a paranoid fool.
He had actually been telling people to sell every bank - including Bead Stearns. He was correct in doing so, and that advice drastically helped anyone who listened.
The deceptive clip shows someone who emailed and knew not to buy Bear Stearns stock, but was asking what about their savings account at the bank, should they be pulling their cash out of bank deposits too?
That’s where you see him saying no, don’t do that. Leave your money there.
And he was 100% right. Those deposits were protected. Not one person lost a single penny of their deposit funds.
The other reason is she not to do that is because when people freak out and all withdraw their money from banks, it causes the country’s whole economy to fail. It’s described in simplistic form in the famous Christmas movie. But the point is he didn’t want to trigger a panic run on banks for no reason.
So despite being 100% right, being the only one who actually DID give consumers correct and useful warnings, and being responsible and ethical in his messaging, bad actors have taken that clip and lied about what it said and what it means.
There’s a handful of similarly unfair and dishonest smears that have been applied to him over the years.
There’s things about him that I could agree are “douchey”, especially in the last few months.
But this video clip and some of the others are just over the top misinformation.
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u/roenick99 1d ago
In other news, the sun was in the sky today.
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u/XI_Vanquish_IX 1d ago
Acssshhuualllyyy
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u/ncfears 1d ago
I'm curious how you would argue the sun wasn't in the sky today. I know how being facetious but Im just posing a challenge if you care to accept it.
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u/IDUnavailable 1d ago
Jon Stewart OBLITERATES ANNIHILATES SKULLFUCKS Jim Cramer During Great Recession
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u/AntoniaFauci 1h ago
The shame there is all on Jon Stewart and staff. It’s one of their worst chapters of deceptive reporting and unprofessional conduct.
In reality, Cramer was the only pundit who correctly warned consumers to sell every stock months ahead of the crash. He was mocked for it. Then when the crash happened, none of the actual Wall Street crooks and politicians who caused it would go anywhere near a camera.
Cramer, being a narcissist and having an overdeveloped sense of his own responsibility to explain and educate, agreed to help The Daily Show and explain what was happening and what caused it. It was on that lie that Jon Stewart and his team dishonestly lured and prepped Cramer for one of their worst smear jobs ever.
They used Cramer’s hubris and good intent to make him think he’d be doing something good but instead they did a hatchet job of deliberately false and out of context attacks. Jon Stewart used the one guy who wasn’t the villain and just unfairly punched him as a proxy for those who actually deserved criticism.
The fact that shamefully false event lives on nearly 20 years later and has been used to brainwash and deceive multiple generations is kind of a disgrace.
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u/dornwolf 1d ago
Never forget how they had him go on a sympathy tour of all their shows after the Daily Show call his ass out
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u/KYSSSSREDDIT 1d ago
Jim's been shilling shitcoins decades before they existed
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u/AntoniaFauci 1h ago
That’s definitely a complete lie.
Cramer may have some douchey tendencies, especially in recent months. But he’s never once “shilled shitcoins”, either now or “decades before they existed.”
For anyone who cares about facts or truth, here’s his actual history related to that.
Initially, and for many years he was vocally disdainful for everything crypto related. He called it every bad word you can say on television.
With respect to coins and so-called stable coins, he hit a point where he decided they weren’t just a terrible ripoff, they posed a danger to the country. He did a high-profile campaign to explain why they and their purveyors should be shut down and, if needed, prosecuted. He would trash them every day in every show and column and interview. He had numerous lengthy sessions with the regulator, urging him in private and in public to shut them down for good.
As that was nearing potential implementation, the most common one, b-tcoin was in its rise from obscurity to being worth huge amounts.
Cramer will always soften his stance when something proves to be profitable, and indeed his hate melted when it came to that one specific type of crypto. This also aligned with his long standing endorsement of Nvidia, which was now seeing a large share of their business growth attributable to selling products for crypto use.
Cramer began to say that one main type of coin, and no other, would be an acceptable albeit higher risk investment.
Cramer left Wall Street 25 years ago, and his role as a media person means he does not own any stocks directly as a means to avoid liability for conflicts of interest. His CNBC contract also forbids it.
But he is allowed to own things like gold or currencies or b-tcoins.
And In fact he did buy a bunch, for the expressed purpose of purchasing a piece of journalism memorabilia at an auction that was b-tcoin only. He bid heavily on the item using his b—coin, but ultimately did not win the auction.
He forgot about the b—coin and just let it sit.
Within less than a year, that relativity small sum of coin exploded in value. Cramer couldn’t believe and didn’t trust the huge rise in crypto. He sold it, and it had grown in value so much that it paid for a luxurious acreage and farm.
He went public and told people what had happened with his coin, and that he had sold it and that they should too. He was back to saying every form of it was trash.
It was an amazing call for those who listened as crypto did crash in value by almost 90%.
Today, and in recent years, he’s only ever endorsed the most well known crypto coin, and coktinues to be vocally opposed to any shitcoins, and derivative forms and even any of the miners or holding companies.
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u/ana_chronism 1d ago
He was originally for the tariffs because he loved it when daddy came home and took his belt off. Now that his allowance might be reduced? Not so much.
A party of little whipped bitches.
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u/VanDammeJamBand 1d ago
Folks like this are fucked in the head and the reason why our economy constantly hurdles towards self destruction. Fuck.
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u/AntoniaFauci 13h ago
Cramer has disappointed me in recent months, for various reasons.
But for many years I have debunked a lot of the false accusations and disinformation directed at him.
This video, and some others, have been selectively and deliberately misrepresented as part of perpetual smear campaigns against him.
There’s reasons why this happens that I’ve covered many times. But the main point here is this video doesn’t show what his enemies claim, and it’s quite as it appears.
You have to understand some context. Cramer was a brash and wickedly intelligent character who became a Wall Street prodigy. His trading record was astounding and consistent over a decently long period. He was a polymath who fancied himself an expert lawyer, journalist, trader, businessman, author, reporter and educator. It’s the last one that’s really how he sees himself.
Some may have also noticed he’s a narcissist.
After being successful for a long period, the combination of his narcissism and perceived role as an educator made him produce all kinds of media from books to radio to television to training courses to newspaper columns to launching his own website. Through these channels, he’d do a lot of exposing of the dirty underbelly of Wall Street. He’d made enemies being a brash fund manager, but all the public revelations earned him some truly powerful and vindictive enemies, enemies with endless resources and power.
He’d mastered the game. He’d dominated Wall Street. He quit the actual stock market trading business.
All that was left was for his web site to go public and he’d be rich beyond belief and free to spend the rest of life educating and calling out the dirty practices.
But his dot com launch came too late. It happened right as the dot com bust happened. He was ultra wealthy for just a matter of days and then most of it vanished in the implosion.
That’s when he leaned into the character we know. He’d quit Wall Street, but still needed to work. And that’s what he’s done for the last 25 years.
But in those earliest years he was spilling all of wall streets secrets. Naming names. Revealing their tricks, legal and otherwise.
And that’s where this video comes in. He speaks in first person, but he’s actually talking more historically and theoretically, describe how typical hedge fund managers had operated in the past. His narcissistic style and braggadocio, taken out of context, would make it seem like it’s all him, and that he likes those tactics. The reality is he was more describing a previous era, and the way he appears to be praising them is his style of sarcasm.
tl;dr: taken out of context and if someone doesn’t know the particular personality and style of Jim Cramer, this video would look like he relished and enjoyed these unsavory practices. But the video is part of him exposing industry tactics, and being sarcastic about them.
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u/albanymetz 1d ago
"Do it, because it's legal, and a very quick way to make money"
- Some piece of shit talking about strategies to steal money by using your spare $10 million bucks