Here's cnbc's eternal financial genius telling us that, in fact, under joe biden, we're now entering a new economic golden age watch to me we have the strongest economy. Perhaps i have ever seen said number this morning: unemployment, it's the best in years, not best in 69.. We have all spotted the endless help wanted signs: the housing apartment shortages, the tremendous demand for goods and services, a marvel to behold. Oh people are confident about their jobs, i say fantastic and the ability to even get better ones if they want to they're spending.

More than i've ever seen, but they're doing it with cash, not on credit they're doing so in a roaring 20s style. Imagine believing that that was jim cramer of cnbc. So we see that tape. How should we feel about jim cramer's assessment of our economy? Well, it may be a little bit early to apply for a foreign passport, but it's not a good sign, not at all.

It was jim cramer. You remember who told you to buy bear stearns a few days before it disappeared completely. Should i be worried about bear stearns in terms of liquidity and get my money out there? No no, no bear stearns is fine. Do not take your money.

This is real. If there's one takeaway other than the plus 400 somewhere bear stearns is not in trouble. I mean, if anything, they're more likely to be taken over. Don't move your money from fair, that's just being silly, don't be silly bear stearns is not in trouble.

No no, no bear stearns is fine. Do not take your money out, but he said right before the crash now in a normal country with a functioning meritocracy. Anyone who said something like that would no longer be touting stocks on television, he'd be cleaning your pool, assuming he could muster the skills to do that, and yet there he is the same man still televised a living testament to our leader's suicidal tendency to reward failure Or consider andrew ross sorkin, his boss is considered guys jim cramer's totally right here i mean i don't know how you can see it any other way. You look at the lines they tell you uh, they tell you a pretty promising story.

I mean freaking. They've got inflation rates, basically, as as good as they've ever been. Uh november's rates were as low as 6.8 year-over-year, it's comparable to 1982 uh, but that's not important right, because we don't really care about the numbers of 1982. Do we right? 1982 uh the inflation was 6.16 mortgage rates were 16 or so back in 2019.

You know looking at about four even lower. Now, that's ah don't even think about it right, jim cramer's, on the right here. I think that this this freaking tucker guy has no idea what he's talking about margin, debt margin debt. What's that it's nothing! That's people buying with cash baby.

That's people dumping stacks of freaking cash into the market. That's why margin that's as high as it's ever been. Obviously, obviously guys what you just watched was a pretty interesting piece with jim cramer and tucker right. Basically, what happened here is jim cramer.

A couple days ago came out and said: look the economy is the stronger. That's ever been look at all the demand for jobs. Look at all the people buying things with cash. Look at the supply chain, shortages, look at the chip shortages, look at look at how how much things are booming.

It's the roaring 20s all over again, but we all know what followed after the 20s, and that was a depression. And i don't know if that's what you're going to see here in the very near future. But what i will tell you is it feels like uh that song we always play this in my discord. Uh, it's it's a fun one.

It's you got to pump it up. Don't you know bump it up. That's what the feds are. The fed is saying to themselves literally all day every day, and i just want to show you some interesting numbers right check this out.

Inflation 6.8 year over year november is is when that came out. I showed you that already, but investors have put more money into the stock market than then really has been put in the last 12 years, combined in the last five months as of april 9., let's not take into consideration any recent data. This is just what was most available to me now. You have new information, obviously uh.

That's that's gon na be more relevant than this. Take this with a grain of salt right. Lots of money has got put into the stock market and raw numbers 569 billion dollars has flown into the global equity fund since november now come back here right to the roaring 20s. What happened back then right? Well, basically, the united states was a powerhouse and had all supply of money right, there's actually deflation compared to current day and ages.

Inflation right now we're seeing six point: eight percent year-over-year inflation rates back then inflation didn't exist. Money was actually increasing in value. Your your dollar was worth more back then, because of how crazy the economic turn was, but in a different way right. What you're watching happen right now is pretty eerily similar, because there is so much demand for jobs.

There is so much demand for the stock market. There there is so much demand for consuming things right, but i wouldn't argue with cash. I'd argue. A lot of this is inflated cash, i.e recently printed money.

We've all known this statistic right: 40 of us dollars in existence, as of may 22nd 2021 were printed in the last 12 months. Right is america repeating the same mistake of 1921, interesting enough that we just talked about this right. We all know what's happening here: margin debt, insane amounts of margin, debt right, you've also got an insane amount of money. That's recently been printed, and this is reflecting in the way that you're watching consumers in the economy and the market pretend like it's doing something i mean to me.

This is just the biggest red flag you could possibly ask for, and the only downside is you don't know when it's gon na happen right, it's pretty wild 10 trillion dollars in 2020's economic stimulus packaged by the federal reserve, and probably the most scary thing that i Was able to dig up here? Is this right joke set aside back in 1982, when inflation was as high as it was 6.16? What did you see across the mortgage fixed interest rates right, 30-year, fixed rate mortgages, annual averages, 16 percent, and yet what do we see? Now right well back in 2019 about to drop an arrow. This is important, bringing you around that five six percent range, but even now frick my mortgage is like three and a half percent. It was three point three point: five percent right: let's just look at mortgage rates right now. Let's just pull up a freaking random random mortgage rates.

It's cheap! It's cheap to own, a home! It's cheap! To get cash! It's cheap to be able to leverage cash. They say cash is king, and all this is is massive amounts of debt, that's being pushed into the economy on a day-to-day to day basis. So why talk about this right? What's the moral of the story here? Well, if i ever seen a dead cat first off, it would probably be jim cramer. I think any time this guy's saying he sees a strong economy that is like the black swan that you're waiting for to basically say: hey, look yep! This is probably the time that i should have started watching what's happening on a day-to-day basis, because it is a little intimidating right, don't be able to buy bear stearns a couple days before he essentially evaporated, basically got pissed into the shadow realm by the dong of God he decided that that that was dead, dead cat land, and here he is again right.

Tucker said this: this guy's probably cleaning pools. I don't know how this guy's giving advice. I'm sure he's got some calls right. You shoot, you should have darted a board 100 times, eventually you're going to hit the board right, but nonetheless uh.

This isn't even a thing on jim cramer as much as awareness to the situation. This is what i'm really really really concerned about: interest rates 30-year fixed-rate mortgages, inflation. Look at all this stuff to me. It feels like a repeat of the roaring 20s of 2008, this massive euphoria that nobody seems to be paying attention to, or perhaps uh that nobody seems to want to deliver the message of it's scary, stuff, inflation's, not transitory, the money that printed was not transitory.

That will exist forever right people taking on these debts, not transitory margin, debt right when the hammer falls and eventually it will people are probably gon na, get hurt man, some scary stuff. That's what i've got for this video, hey, but i'll. Tell you what you know, what a good hedge is popcorn stock! No i'm playing! I'm not here to tell you what to do. You guys do your own thing, not financial advice, as always, much love is always like taps peace.

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