Anyone that trades by listening to Jim Cramer is a big idiot. A decade ago, when I use to watch CNBC until I realize CNBC is just crap, I use to catch Jim Cramer talking about stocks and recommending which is a BUY or SELL. I never initiated any trades based on his recommendation because for some reason, I knew that his show was just entertainment and the content should not be used for trading.
Why has the American economy been suffering, since the Vietnam war in the 1970’s.
The answer is simple WAR and rampant government corruption. Someone in the American government loves war, and has been in constant warfare since the 1970’s, wasting trillions of taxpayers dollars making the U.S.A broke (Read up on collapse of Roman Empire).
As of today the U.S government has a federal debt of 18 trillion dollars, so much debt that they have no other way to pay it back.
Found this short documentary on YouTube, as the economy in the United States have declined severely.
The 2007-2008 financial crisis caused by Wall Street has caused the longest depression in history, although the government control media tells you it is just a recession (bunch of liars).
This depression has not ended and we are now in 2016, just ask some of your friends and family, I am sure they know people who have not recovered from the bad economy.
Pay very special attention to this documentary if you are not a sophisticated investor. The reality is most financial advisors are NOT very educated about the financial markets themselves. I had a bad experience myself with a dumb financial advisor at a major Canadian bank.
The majority of financial advisors have no idea about market timing and they usually are just salespeople wanting to sell you financial products so they can collect either commissions or residual income as long as you keep your money in the investment vehicle they recommend.
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