Can't we just come out here occasionally can't i as a commentator and say you know what i'm impressed by what guys get a bodyguard. I already have one and um. I feel strongly that geithner uh. This is aig aig goldman goldman, and you know what the bavarian illuminati the trilateral commission, goldman sachs and the queen of england are not all bad is jim cramer, a well-known cnbc show, host and financial analyst a paid hedge fund plant or something worse.

Jim cramer was born in february 1955 in winmore, pennsylvania, jim's, father ken cramer, owned international packaging products. In fourth grade kramer began studying stocks and continued. This habit throughout high school kramer went to springfield township high school after high school kramer, graduated magna laude from harvard with a degree in government after his undergrad degree was completed. Kramer became an entry-level reporter working for the tallahassee democrat in florida, where he was one of the first reporters to provide coverage on the ted bundy murders due to his location from there.

He was able to secure a position with jerry brown, the governor of california, at the time with this newfound job security, kramer began playing in the market again investing in undervalued or relatively ignored stocks. During this he was accepted to harvard law school to become a prosecutor. Sure enough, i found a company called natomas which had just discovered a large fine in indonesia. I took another chunk of money.

Remember we were talking about say, like 300 bucks and bought that stock. I don't think i had to wait very long before i caught another takeover bit. At that point i was hooked that changed everything for me changed my whole career plans. Yep i put money into my mutual fund, but anything left.

It went into individual stocks and i made enough money to pay for my first year of law school when i decided to go back to become an attorney in the process of his law. Degree, education, a maybe glimpse of what kramer may become, was noted in his book, in which he helped acquit alan dershowitz, although he found him to be supremely guilty. However, instead of becoming a prosecutor, kramer preferred the stock market as a means of making money from there. In 1984, jim cramer quickly got his start in the finance space at goldman sachs, where he worked until 1987, leaving to form a hedge fund dubbed cramer and code from 1988 to 2000., buy five hmtt at an eight see.

What happens? It's a it's against, puts we're fine, i wan na see if you can even buy it hold that opens up an eighth ibm august 95. Calls i want an offering on a thousand. I want to know if you want a thousand. I want to offer 1 000..

Yes, double down double down, i want 10, i want a thousand fives. Are seventeen and a quarter? It's x, we get the dividends sold. Jim cramer claims that his fund kramer and co gained an average 24 return annually over his ownership, while yielding only one year of negative returns in 1998, a year in which the s p 500 index skyrocketed up 29 percent. This led to mass investor withdrawal from kramer and co.

However, starting from the late 1990s jim cramer, was promoted as a guest on cnbc in 2000 near the peak of the dot-com bubble, kramer suggested investing in the tech sector shortly after making. This claim kramer followed up in february of 2000, stating there were only 10 stocks. He wanted to own that he was buying daily. This list included 724 solutions, ariba digital island exodus, communications, infospace, inktomy, mercury, interactive, sonura, varisign and veritas software, while claiming that price to earnings ratios do not matter.

All 10 of these stocks were dumped during the bubble burst, making kramer's claim of a 36 return in the year 2000, improbable at best after this bump in the road he began co-hosting, kudlow and kramer from 2002 to 2005. Finally, bringing us to the present day with mad money first airing in 2005., who came here today to make some money a financial talk, show every weekday that a considerable amount of investors have watched for years in 2006 in a clip jim cramer blatantly admitted market manipulation. He performed as a hedge fund operator, kramer confesses, how hedge funds manipulate the markets to make money quickly by synthetically, pumping or dumping the stock in order to help the fund's position. You know a lot of times when i was short at my hedge fund and i was positioned short meaning i needed it down uh.

I would uh create a um, a level of activity beforehand that could drive the futures. It doesn't take much money uh. Similarly, if uh or if i were long - and i would want to make things a little bit rosy - i would go in and take a bunch of stocks and make sure that they are they're higher. You know maybe commit five million in capital to do it and i could affect it.

What you're seeing now is - maybe it probably is bigger market now. Maybe you need 10 million capital to knock this stuff down, but it's a fun game and it's a lucrative game and you you can move it up and then fade it. That's all often creates a very negative feel. So let's say you take a longer term view.

Intraday and you say: listen, i'm going to boost the futures and then, when the real sellers come in real market comes in they're, going to knock it down. That's going to create a negative negative view. That's a strategy very worth doing when you're about when you're valued on a day-to-day basis, and i would encourage anyone. Who's in the hedge fund need to do it, because it's legal right and it uh it's a very quick way to make money and very satisfying okay.

Um, by the way, no one else in the world would ever admit that, but i could care that's right and you can say that here i can't i'm not gon na say it on tv. In 2007, jim cramer's shaky record was noted by the wall street journal. In which they said quote, his picks haven't beaten the market over the past two years. Viewers that hold cramer's stocks would be up 12 percent, while the dow rose 22 percent and the s p 16, then infamously in 2008.

Jim cramer told everyone to invest in his worst pick of all time, bear stearns and recommended bank stocks in august of 08.. He has no idea. I have talked to the heads of almost every single one of these firms in the last 72 hours and he has no idea what it's like out there. None and bill poole has no idea what it's like out there.

My people have been in this game for 25 years and they are losing their jobs, and these firms are gon na, go out of business and he's nuts they're nuts. They know nothing in 2009 wall street journal, followed up its original article by stating that shorting or buying puts on kramer's buy recommendations would gain nearly 25 a month. Currently unusual wales has been tracking the kramer, long and short indexes in which the short index outperformed the long index by over 15 percent. This would mean that the opposite, pick of whatever jim cramer has decided would make you significantly more money than to go with the grain.

With this horrible track record and now a paid private investing class with awful returns. Somehow jim cramer has a net worth of 100 million dollars, has jim cramer been at plant to screw over the little guy all along? That is for you to decide if you enjoyed this episode of weekly lore drop a like and share the video with a friend that has gotten screwed by jim cramer. It's been one.