Comments on: Jon Stewart v. CNBC, or The Failure of the Financial Media http://www.openculture.com/2009/03/jon_stewart_v_cnbc_or_the_failure_of_the_financial_media.html The best free cultural & educational media on the web Mon, 13 Feb 2012 21:01:48 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Ron http://www.openculture.com/2009/03/jon_stewart_v_cnbc_or_the_failure_of_the_financial_media.html#comment-3492 Ron Sat, 14 Mar 2009 18:27:03 +0000 http://www.oculture.com/?p=2882#comment-3492 While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market? China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt. The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts Thanks, Ron with 30 plus years in the investment business and banking industry. While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

Thanks,

Ron with 30 plus years in the investment business and banking industry.

]]> By: connor t. http://www.openculture.com/2009/03/jon_stewart_v_cnbc_or_the_failure_of_the_financial_media.html#comment-3495 connor t. Sat, 14 Mar 2009 08:26:55 +0000 http://www.oculture.com/?p=2882#comment-3495 videos work in Czech Republic. one of the best interviews of recent memory videos work in Czech Republic. one of the best interviews of recent memory

]]> By: Dan Colman http://www.openculture.com/2009/03/jon_stewart_v_cnbc_or_the_failure_of_the_financial_media.html#comment-3491 Dan Colman Sat, 14 Mar 2009 02:43:03 +0000 http://www.oculture.com/?p=2882#comment-3491 Voltaire? I like the comparison. Perhaps that's why I got all 18th century with the title of the post -- without thinking about it, of course. Voltaire? I like the comparison. Perhaps that’s why I got all 18th century with the title of the post — without thinking about it, of course.

]]> By: Robert H http://www.openculture.com/2009/03/jon_stewart_v_cnbc_or_the_failure_of_the_financial_media.html#comment-3493 Robert H Fri, 13 Mar 2009 21:48:08 +0000 http://www.oculture.com/?p=2882#comment-3493 Stewart is most definitely not a comedian. Frankly, he's the most brilliant satirist this country has had in a long time. The only person I know to compare him to is Voltaire. But when he needs to get serious, he does, as he did in the interview with Cramer. This is why I watch The Daily Show without fail, and almost never watch the network evening news. Stewart is most definitely not a comedian. Frankly, he’s the most brilliant satirist this country has had in a long time. The only person I know to compare him to is Voltaire.

But when he needs to get serious, he does, as he did in the interview with Cramer. This is why I watch The Daily Show without fail, and almost never watch the network evening news.

]]> By: Bob http://www.openculture.com/2009/03/jon_stewart_v_cnbc_or_the_failure_of_the_financial_media.html#comment-3494 Bob Fri, 13 Mar 2009 20:19:09 +0000 http://www.oculture.com/?p=2882#comment-3494 Much of the financial minutia they were talking about eluded me. But what couldn't be missed was Cramer's muted, stuttering defense against Stewart's rather pointed charges against him and his network. He's was obviously guilty of something and clearly knew it. Much of the financial minutia they were talking about eluded me. But what couldn’t be missed was Cramer’s muted, stuttering defense against Stewart’s rather pointed charges against him and his network.

He’s was obviously guilty of something and clearly knew it.

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