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Red State
Red State
13 Mar 2023
Bonchie


NextImg:Jim Cramer Is Going to Destroy Us All

Things have been rocky on the economic front since Silicon Valley Bank collapsed on Friday. Known for its focus on ESG and DEI, the demise of SVB marked the second-largest bank collapse in US history. That has faith in the banking system at levels not seen since 2008. Isn’t Joe Biden doing such a great job?

But I digress, there’s another man who has become the butt of jokes following in the midst of all the chaos. That would be Jim Cramer of CNBC. The “Mad Money” host has a long track record of giving terrible financial advice, but truly, he’s outdone himself recently.

For example, Cramer told his viewers to buy SVB stock back in February when it was at $320 a share. Less than a month later, it was seized by regulators.

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But hey, maybe once is a coincidence, right? Cramer’s rein of terror didn’t end there, though. In 2022, he recommended Signature Bank. Now, it’s shutting down.

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Alright, maybe twice is just bad luck, but there’s more. Cramer’s going for some kind of record, and in the middle of SVB’s downfall on Friday, he decided to endorse First Republican Bank (FRC). “Very good bank,” Cramer proclaimed on social media.

By the time the market opened up on Monday, FRC was in a freefall.

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So what’s next? Apparently, Cramer is setting his sights on taking down the entire banking system. On Monday, despite all of his terrible predictions, he decided to proclaim that the “big banks” didn’t invest poorly and that the banking system will be “stronger today.”

We are screwed.

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For the love of God, I am personally begging Jim Cramer to stop giving financial advice. He’s got the reverse Midas touch, and I’d prefer the economy not collapse in on itself. I’ve got kids and dreams, after all. If CNBC has any care for humanity, they’ll remove him from the air and lock him in a padded room.