Proof…The Financial Media is a Joke

The court jester in the financial media kingdom is at it again…and this headline from back in June proves it.

Jim Cramer Goes Batty: “Bitcoin May Hit $1,000,000”; Act Now Before It’s Too Late!

The article is every bit as bizarre as the headline.  And it shows how desperate MSNBC has become to attract more viewers.

Ironically the article failed to mention that in a previous show, Cramer said that bitcoin wasn’t something to look at.

Keep in mind this is the same guy who screamed “DO NOT SELL BEAR!” (Bear Stearns) right before it plunged into bankruptcy.  And he also said that Sears Holdings (SHLD) was the next Berkshire Hathaway.  (At the time, SHLD was around $130-$140 per share…it’s now under $6).

This is why you can’t believe the financial shills that publish this crap.

Ask yourself a question:  Do they actually believe what they’re saying?

They’re telling you to invest in something created out of thin air (Bitcoin) which is purchased by fiat (dollars) which is also created out of thin air.

Lol, Lol, Lol…. All I can say is the inmates are running the asylum.

But here’s what really bothers me.  Some people will actually take his advice.

They’ll think, “Hmmm, Bitcoin is (currently) at $5,700…and if it goes to $1,000,000, I’ll be rich.”

If you think like that please don’t read our newsletter Simplifying Wall Street in Plain English.

But if you want to avoid getting hustled by the PRO’s (like MSNBC), go (HERE) now.

We don’t give you hype.  We give you the truth.

Invest confidently,

P.S. “and you shall know the truth, and the truth shall make you free.”  John 8:32