Jim Cramer gushes over Ron Paul on CNBC's 'Mad Money'

1:36p ET Saturday, December 15, 2007

Dear Friend of GATA and Gold:

Now we've seen everything....

A year ago, interviewed on TheStreet.com's "Wall Street Confidential" Internet television program, Jim Cramer, the manic host of CNBC's "Mad Money" program, confessed to market manipulation during his days as a hedge fund manager:

http://www.youtube.com/watch?v=GOGLvxqAk4A

But on his "Mad Money" program on CNBC yesterday Cramer spent seven minutes interviewing and praising Texas U.S. Rep. Ron Paul, a candidate for the Republican presidential nomination, for seeking to make market manipulation by the Federal Reserve into a campaign issue.

Maybe we shouldn't be too surprised. Back in July a reporter for the Las Vegas Sun, Michael J. Mishak, reflected on a recent Paul campaign rally in that city and remarked that the candidate owned "the whiplash point" in American politics where "the far right meets the far left":

http://www.gata.org/node/5268

Yesterday on "Mad Money" Cramer agreed with Paul that the Fed gets almost no scrutiny from Congress even as it is a creature of law made by Congress. Paul commented that the Fed is "more secretive than the CIA," adding that no one really knows if the U.S. government still has its gold reserves -- an issue of great interest lately to GATA.

Paul said that there is "no accountability" in the U.S. monetary system and blamed the Fed's manipulation of market interest rates for the recent stock market and housing bubbles.

The congressman, a member of the House Banking Committee who is often considered a conservative, praised the chairman of the committee, Rep. Barney Frank, a liberal Democrat from Massachusetts, for being receptive to holding more hearings about the Fed's operations.

So if you support more openness and accountability in government and smashing the plutocracy that controls the country's finances and siphons away a huge share of its actual production, are you a liberal or a conservative or what? Or is it possible that you might just be an ordinary American attempting to be a patriot and decent human being?

Whatever you are, you can find Cramer's gushing over Paul yesterday at YouTube here:

http://www.youtube.com/watch?v=8teEHdCrFqE

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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