Jim Cramer Is A Tool

A listener called in after seeing Jim Cramer say something stupid on CNBC.

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I'm calling from Rochester, New york. My name is Robert. I'm a first-time caller. longtime listener. unfortunately, I just wanted to talk about something that I saw today. I wasn't able to clip it I was watching CNBC earlier and I don't know if you're familiar with Jim Cramer of mad money. of course. yes of course. but he kind of let the cat out of the bag today generally speaking they were discussing if the market had legs to continue. and essentially his whole take on it was hey you know we can't have unemployment as low as it is right now. and you know because if it continues as it is we're gonna have entrenched wage inflation. oh no. how could that be terrible for us? And I really wish I had a clip of it. because it was I don't know it was essentially him saying you know the thing that we've all I think we've all been thinking right? yeah I mean i think that is you know that has been out there for a long time. alan Greenspan i am quite convinced said at one point that his job is to maintain a certain amount of anxiety in the workforce. and there's no doubt i the more I look at this the more I think that all of this is about is exclusively about limiting the wages of workers. as opposed to limiting the amount of money in circulation. which ostensibly is the way that they sell it. they sell it like we're typing we're tightening credit. but you know what I just it does that just doesn't track for me that it's doing what they want what you know they're all you hear is like it's going to cost you more to buy a car or to get home.