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Jon Stewart's lampoon of Ben Bernanke and QE: We're "not printing money," we're "imagineering...

Jon Stewart's lampoon of Ben Bernanke and QE: We're "not printing money," we're "imagineering money." Zero Hedge is not particularly amused: "Presumably laughing as one's net worth is getting destroyed makes it more palatable. Just wait as the country collapses into uncontrollable hysteric guffaws as the 30-year mortgage passes 5%, then 6%, then 7%, etc."
Comments (20)
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    What's he supposed to do? Give an economics lesson? The guy's a comedian, on a comedy show, on a comedy network.

     

    I don't think making people cry is quite his style.
    8 Dec 2010, 06:41 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Problem is, there are actually alot of people in this country that think Jon Stewart Hosts a legitimate news show, and is a serious politcal commentator.

     

    The President of the United States even showed up on the show for an interview.

     

    What a Country. Sad, truly sad.
    8 Dec 2010, 06:49 PM Reply Like
  • trblmkr
    , contributor
    Comments (162) | Send Message
     
    `Just wait as the country collapses into uncontrollable hysteric guffaws as the 30-year mortgage passes 5%, then 6%, then 7%, etc.`

     

    If that happened, foreigners would start buying dollars. That`s a good thing.
    8 Dec 2010, 07:59 PM Reply Like
  • a fat panda
    , contributor
    Comments (806) | Send Message
     
    John Stewart is the modern day equivalent of Jonathan Swift who wrote satire about the powers at the time. Swift was effective and so is Stewart within his audience.

     

    Most people (outside of SA) don't know who Ben Bernanke is, or what he does. Stewart reduces the complex into digestible information for the listeners. You may not like the way he comes across, or that he is making fun of the destruction of our currency. But give him a break, he provides a medimum without which the bulk of his audience would still not know who Ben Bernanke is or how incomptently he is running the economy.

     

    Making people laugh is the first step to making them realize what they are laughing at.
    8 Dec 2010, 06:47 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    A Fat Panda,

     

    Even sadder is that you edorse the fact that an otherwise uninformed electorate get their news from Jon Stewart, because they have no interest in educating themselves about current events that affect their lives.

     

    We are doomed.
    8 Dec 2010, 06:54 PM Reply Like
  • Agbug
    , contributor
    Comments (1133) | Send Message
     
    I am a huge fan of his. Not only does he reach a large part of his audience that would otherwise ignore these types of issues, he makes me laugh at things that otherwise cause me to lose some sleep. I saw this commentary and thought it was on the money, pun intended. A case of shooting the messenger.
    8 Dec 2010, 06:53 PM Reply Like
  • User 281898
    , contributor
    Comments (46) | Send Message
     
    Zero Hedge sucks donkey ballz. Who cares what they say. Lose money much idiots?
    8 Dec 2010, 07:05 PM Reply Like
  • tunaman4u2
    , contributor
    Comments (3075) | Send Message
     
    They have been preaching gold & silver for a long time VASTLY outperforming bulls.
    8 Dec 2010, 10:48 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Everything is fine. No need to worry. It's all a joke.

     

    As long as one's facebook, Iphone and televisions show like Dancing with the Stars and the Kardashians come in, all will be OK.

     

    Oh Yeah, and the Food Stamps Debit Card too.

     

    seekingalpha.com/artic...
    8 Dec 2010, 07:06 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Like I said, Stewart is Fine.
    It's the State of Society. I was not making political commentary, more generational.

     

    Like The Q&A interviews Hannity or Jay Leno have in the streets.

     

    There is a serious problem ot there, and many are simply oblivious as to what's going on around them.
    8 Dec 2010, 07:47 PM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    Stewart's a lackey for the left and would probably drink Obama's bathwater right out of the tub.

     

    And Colbert's Fox spoof is so old and shopworn it makes the leathery rumpled flesh of Hugh Downs look good in a Justin Beiber haircut and skinny jeans.
    8 Dec 2010, 07:56 PM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    BTW, John Stewart has more silver hair than an eagle in menopause.

     

    His 'interview' with Cramer was bullshit. Not sure why Cramer allowed himself to get rolled so bad by Stewart's propaganda. Cramer tells you straight up he'll change his mind on a stock whenever the story changes, as all of us should.

     

    And a 'sincerity speech'? WTF is that? Sincere doosh maybe.
    8 Dec 2010, 07:59 PM Reply Like
  • BM1087
    , contributor
    Comments (34) | Send Message
     
    @1980XLS

     

    "As long as one's facebook, Iphone and televisions show like Dancing with the Stars and the Kardashians come in, all will be OK."

     

    Well said! It is a shame that the general public is so controlled by the system that it has now has become the toad in the pot of water syndrome. Soon the water is going to boil and the vast majority of the population is going to get f'd! It will be hilarious when bullets eclipse an ounce of gold. All empires eventually collapse.

     

    - PK

     

    BTW: When the Roman Empire collapsed the remaining remnants of the military officers in outlying provinces, namely the Northern ones, buried their gold + silver coins. Why? Because metal became worthless as a currency, because the economy switched to a barter system.
    8 Dec 2010, 10:23 PM Reply Like
  • D.Banner
    , contributor
    Comment (1) | Send Message
     
    His argument makes sense from a logical boom-bust cycle point of view, where the Federal Reserve creates a coordination problem with businesses and consumers over interest rate, but to make guesses on a satire filled show as to reference yourself as an economist is ludicrous.

     

    Nothing funny is associated with rising rates unless you are the speculator profiting. A swift rise in rates, as has been the case in Treasury paper since QE2, looks only to continue. If we do enter an inflationary period, my hopes are that a rally with choke inflation, those holding the 3-5% fixed year mortgages will benefit at the expense of lenders, possibly receiving negative real interest rates. For ARM borrowers, destruction, unless, limited by contract rates, could prevail as did in 2005-07.
    8 Dec 2010, 11:57 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    Cramer was pumping the purchase of stocks and REITS today.

     

    ROFLMFAO!

     

    It's like the person who sells you something really salty so they can sell you a drink; and they play Muzak and have bright colors and clowns too.

     

    After a while you turn into an ass (donkey) and have to pull their wagons.
    9 Dec 2010, 12:10 AM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    Yeah, yeah, we know. Cramer's a dumbshit. Got it.

     

    Neck/pullstring/yank/r...

     

    But REITS have had a great run. And Cramer had people out at 10,500 DOW in 2008. Not bad. Then had them back in at the Dougie Kass bottom call. Also, not bad.

     

    But, but, but... Cramer's a dumbshit. Got it.

     

    Neck/pullstring/yank.
    9 Dec 2010, 03:09 AM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    Ya know, I actually don't have a tremendous problem with Cramer except that he (and CNBC) markets himself as infallible.

     

    If you track his calls, and a number of websites do, he's right more often than he's wrong, and if you followed him and his rules blindly, you'd probably make some money.

     

    And like Stewart, he provides somewhat of a service in that he tries to inform his viewers of things they otherwise wouldn't be informed about. He reviews stock metrics and research concepts. (Though then he turns around and makes baseless calls in his lightning round.)

     

    Trouble is, Stewart describes his show as comedy but provides useful and serious commentary, while Cramer describes his show as useful and serious while flapping his arms like a chicken -- it's kind of a downside surprise.
    9 Dec 2010, 08:39 AM Reply Like
  • Joe Morgan
    , contributor
    Comments (1500) | Send Message
     
    ..."Stewart.....provides useful and serious commentary...."

     

    Yeah right.....
    9 Dec 2010, 12:44 PM Reply Like
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