Ask Jim Cramer
Courtney Hergesheimer / The Columbus Dispatch / AP
As a former stockbroker and hedge-fund manager, co-founder of financial web site TheStreet.com and high-energy host of CNBC's Mad Money, Jim Cramer has given his fair share of advice on everything from soaring stocks to failing banks. He's had his share of good calls and bad — notably predicting the market meltdown a year before it happened and saying that Bear Stearns was a buy just a day before its collapse — and starred in this year's most provocative media feud opposite Daily Show host Jon Stewart. Submit your questions for Jim Cramer below, then read the interview in an upcoming issue of TIME magazine.
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1
A year before the subprime crisis began, you appeared on TV screaming "They know nothing!!!" (financial speculators and banks) while hitting on the table. After what happened (and you forecasted) Weren't you too calm?
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2
Isn't hedge funds' practice of charging a 2% management fee and a 20% performance fee highway robbery?
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3
How do you defend your advocacy of short-selling, as shown on the Daily Show, after the recent economic crisis?
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4
I still quite like you or rather your TV persona, even after the Daily Show. Is this because the general public have come to expect people in the financial sector to be rogueish?
And - do you think people can forgive your bad calls? Do you want to reinvent yourself somehow?
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5
In your mind, do you believe we will look back on the financial innovations of the last several decades (such as securitzation etc), with regret? Or do you think in the long run the incredible amount of available credit they create will justify them as beneficial?
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6
How did you feel during and after your interview with Jon Stewart on The Daily Show a few weeks ago? Did you regret that you went on the show in the first place?
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7
Is this a good time to start a on line business?
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8
What would the effect be on American companies if all companies had equal health insurance and retirement expenses for their employees? In other words what if health and retirement costs for GM or Chrysler were equal to those paid by Toyota or Kia? Should these costs be considered when deciding if our country should have some form of national health insurance?
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9
You often mention investing for your Actionalertsplus.com charitable trust, but which charities does it benefit? And how does the profit distribution work?
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10
Why should we continue to tune in and listen to your advise, when you have cost hundreds if not thousands their retirement savings with your
dumb flawed insights? -
11
What is the reality of our current monetary system, how does it work or not for the American people and how is it related to the Amero?
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12
In this market, are penny stocks worth the risk?
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13
Jim- a couple of years to retirement and our stocks lost 30+ percent. We switched into bonds- is it safe to start reinvesting a small portion back in stocks again or are we better off investing in realestate? Thanks!! JS
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14
Wondering if anyone has thought to help with loan modifications of Jumbo loans. It's not just people with loans under $729,000 that are screwed. ?? Any idea? Are banks willing to work with home owners
who have Jumbo loans?thanks.
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15
Do you see the tide turning down a path that could finally bring back the American auto industry? I mean the Chevy Malibu just won the award for having the best initial quality and Toyota's V6 Camry got a below average rating in quality and reliability. Toyota, Nissan, and almost Honda have been matched or beaten by most Gm cars now on style both in interior and exterior. Now with the foreign companies making cars like the Cube and the Americans making cars like the 2010 Lacrosse, Ford Taurus, Chrysler 300(redesigned) and Chevy Equinox coming out this summer, it seems we may have caught up in the worse timing.
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16
Jon Stewart has described himself as the kid in the back of the class who throws spit balls at the other kids up the front; with that in mind, do you feel like as though his satirical jokes were warrented, or merely the cheap thrills of a rebel comedian?
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17
There are 40 million people in the workforce over 50. If we gave each of them $1 million with these stipulations: (1) they retire immediately, (2) they buy an American car, (3) they buy a house or pay off their mortgage,---wouldn't that take care of the unemployment, the auto manufacturing and the housing crisis?
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18
At this time, I feel so fortunate to still have my job, yet I know getting out of debt is the best thing I can do for my family right now. What is the second best thing I can do?
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19
Why do you roll your sleeves up to your arm pits?
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20
What gave it away to you that we were heading towards a global economic crisis?
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21
Do think that your feud with Stewart may have marked the beggining to the end? Why did you defend a yourself after Stewart's initial comments?
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22
is your zany, outrageous on camera personality for real, or is that part of your act. For example do you order from a restaraunt in that manner?
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23
Do you regret going on The Daily Show with Jon Stewart? The consensus after the show would seem to indicate that he really got the upper hand.
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24
Jim,
Do you agree with me that the Federal Reserve Banking System is a private bank that the Treasury borrows its own money back from with interest, in the form off Treasury notes?
Doesn't this create our National Debt?
Doesn't the Federal Reserve Banks just create money through a bookkeeping entry at will?
Isn't it true that currency traders (bankers) set the value of the U.S. dollar?
Isn't it the currency traders (bankers) that say there is too much money in circulation because they have a financial interest in this shell game? Jim, you know the truth on this one, and stop protecting the King of England and the bankers.
Can't our Treasury just pay its bills without issuing promissary notes which is the National Debt, and the world can't stop us from being debt free, as our Founding Fathers, Jefferson, Lincoln, Sen. Charles McFadden and others have said and died for?
Is this a true statement?
Lincoln called these Greenbacks “the greatest blessing the American people have ever had.” A blessing for all, except for the bankers, since it was putting an end to their racket, to the stealing of the nation's credit and issuing interest-bearing money. So they did everything possible to destroy these Greenbacks and sabotage Lincoln's work. Lord Goschen, spokesman of the Financiers, wrote in the London Times (Quote taken from Who Rules America by C. K. Howe, and reproduced in Lincoln Money Martyred by Dr. R. E. Search):“If this mischievous financial policy, which has its origin in North America, shall become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. That Government must be destroyed, or it will destroy every monarchy on the globe.” (The monarchy of the money lenders.)
In closing;
The Guiding Doctrine for the American Government by the People1) Nationalize the illegal and unnecessary private Federal Reserve Banking System with no compensation and keep their, now our, bank notes as our national currency. After all America gave it its value. They have cheated America since their formation in 1913. Only our U.S. Treasury, aka our National Bank will lend money and it will always be lent interest free, to all credit worthy borrowers. Everyone that is credit worthy will be eligible for a forty year interest free mortgage, refinancing your homes is acceptable. All credit worthy Businesses and all Municipalities can borrow interest free from our National Bank, as well.
2) All banks can be loan originators if they choose, and their origination fee will be less than 1%, no other fees will be allowed. They will not be authorized to lend money. Paying and receiving interest will be banned. The banks will carry out all the other standard banking services.
3) Retire our National Debt by paying all of our Treasury obligations, by issuing Treasury checks. The Treasury will issue checks to pay our nations bills. No need to borrow our own money with interest ever again. Control inflation and deflation through strict regulations. That's what computers are for.
4) Ban currency trading in America and by Americans. Have our Treasury set a permanent FAIR exchange rate with every country.
5) Begin a National Sales tax to replace the entire IRS tax system. Immediately abolish income taxes in America.
6) Trading in food and fuel products futures will be banned in America and by Americans.
7) Lobbyists will not be permitted to speak to or visit and meet with any government employee with out having a representative of the People's Oversight Office there to record everything. This is a new department that will be set up as a checks and balance over our elected officials in Washington D.C.
Give life in prison with no parole and no pardons to anyone convicted of public corruption. We did it to the drug dealers and they haven't hurt America near as much as our corrupted elected officials and government employees have. -
25
I honestly find your ways of presentation a bit outwardy or provocative. And I do not really understand why you are talking that way - hyper. Can you explain why you are always hyper?
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