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Jim Cramer: Jim Cramer celebrates capitalism
Jim Cramer: Jim Cramer celebrates capitalism

Jim Cramer celebrates capitalism

Jim Cramer: Amazon Extends Tentacles Further With $13.4 Billion Purchase of Whole Foods JUNE 16, 2017 AT12:12 PM The Anti Media Andrea Germanos fresh amazon lmazon resh com ARTS & CAAFTS MPROVE TOYS & DAIRY BREAD FROZEN FOODS OUSEHOLD “This is extreme consolidation of the food system in action, which will lead to higher prices, fewer choices for consumers, and bigger profits for billionaires like its owner, JeffBezos,” says Wenonah Hauter of Food & Water Watch. Online behemoth Amazon is acquiring Austin-based WholeFoodsMarket for $13.7 billion, the companies announced Friday—a development that watchdogs say will pad billionaire pockets and spell bad news for consumers. Jim Cramer, host of CNBC‘s “Mad Money,” expects the deal to make Amazon, headed by Jeff Bezos, “dominate food within the next two years.” He added: “I’m taking down numbers for everybody who sells food. Everybody. Because you can’t compete [with] Amazon. They will not let you compete.” It’s already “rattled the retail sector.” Indeed, writes Bloomberg, the acquisition “sends shockwaves across both the online and brick-and-mortar industries. Grocery chains plunged on Friday—Wal-Mart Stores Inc. fell as much as 7.1 percent, while Kroger Co. tumbled 17 percent—as investors worried that woes will mount in the increasingly cutthroat industry.” (Amazon’s stock, meanwhile, was up 3.3 percent—making the acquisition “essentially free” for the online giant.) According to Wenonah Hauter, executive director of Food & Water Watch, “Too few companies already exert outsized influence over our food choices. This is extreme consolidation of the food system in action, which will lead to higher prices, fewer choices for consumers, and bigger profits for billionaires like its owner, Jeff Bezos.” “Consumers already face substantially reduced options for grocery shopping because of a wave of mega-mergers that have swept the supermarket and grocery manufacturing industry. In recent years, more than 4,000 grocery stores were joined under two owners after the Albertsons-Safeway and Ahold-Delhaize mergers. The proposed Amazon- WholeFoods deal only further curtails consumer choices and raise prices,” she said. A report last year from the Institute for Local Self-Reliance outlined the “extending tentacles” of Amazon, which “controls the underlying infrastructure of the economy.” 🖐🏾More in comments👇🏾 Technocracy
Jim Cramer: Amazon Extends Tentacles
 Further With $13.4 Billion
 Purchase of Whole Foods
 JUNE 16, 2017 AT12:12 PM
 The Anti Media Andrea Germanos
 fresh
 amazon
 lmazon resh com
 ARTS & CAAFTS
 MPROVE
 TOYS &
 DAIRY
 BREAD
 FROZEN FOODS
 OUSEHOLD
“This is extreme consolidation of the food system in action, which will lead to higher prices, fewer choices for consumers, and bigger profits for billionaires like its owner, JeffBezos,” says Wenonah Hauter of Food & Water Watch. Online behemoth Amazon is acquiring Austin-based WholeFoodsMarket for $13.7 billion, the companies announced Friday—a development that watchdogs say will pad billionaire pockets and spell bad news for consumers. Jim Cramer, host of CNBC‘s “Mad Money,” expects the deal to make Amazon, headed by Jeff Bezos, “dominate food within the next two years.” He added: “I’m taking down numbers for everybody who sells food. Everybody. Because you can’t compete [with] Amazon. They will not let you compete.” It’s already “rattled the retail sector.” Indeed, writes Bloomberg, the acquisition “sends shockwaves across both the online and brick-and-mortar industries. Grocery chains plunged on Friday—Wal-Mart Stores Inc. fell as much as 7.1 percent, while Kroger Co. tumbled 17 percent—as investors worried that woes will mount in the increasingly cutthroat industry.” (Amazon’s stock, meanwhile, was up 3.3 percent—making the acquisition “essentially free” for the online giant.) According to Wenonah Hauter, executive director of Food & Water Watch, “Too few companies already exert outsized influence over our food choices. This is extreme consolidation of the food system in action, which will lead to higher prices, fewer choices for consumers, and bigger profits for billionaires like its owner, Jeff Bezos.” “Consumers already face substantially reduced options for grocery shopping because of a wave of mega-mergers that have swept the supermarket and grocery manufacturing industry. In recent years, more than 4,000 grocery stores were joined under two owners after the Albertsons-Safeway and Ahold-Delhaize mergers. The proposed Amazon- WholeFoods deal only further curtails consumer choices and raise prices,” she said. A report last year from the Institute for Local Self-Reliance outlined the “extending tentacles” of Amazon, which “controls the underlying infrastructure of the economy.” 🖐🏾More in comments👇🏾 Technocracy

“This is extreme consolidation of the food system in action, which will lead to higher prices, fewer choices for consumers, and bigger pr...

Jim Cramer: Robots to have large and robust negative effects' on labor market MARCH 29, 2017 AT 1244 PM Raw Story /International Business Times Politicians like PresidentDonaldTrump often demonize trade deals and undocumented immigrants for their suspected downward pressure on labor and job supply, but a study published Tuesday by the National Bureau of Economic Research indicated that the economic threat of artificialintelligence may be far more serious. With the introduction of one robot per 1,000 workers, the percent of the population employed could drop by between 0.18 and 0.34 percentage points, while wages could fall by between a quarter and a half of a percentage point, according to the study, by researchers at the MassachusettsInstituteofTechnology and BostonUniversity. That may not sound like much, but, for perspective, Amazon.com added 15,000 robots to its 30,000-robot strong fulfillment center workforce between 2015 and 2016. The fast food restaurant Wendy’s announced plans in February to install ordering kiosks at 1,000 of its stores by the end of 2017. Even stock market traders aren’t immune, as investment management firm BlackRock Inc. has recently begun to shift its trade decision-making toward algorithmic and robotic stock pickers. Greg Hayes, the chief executive of United Technologies—the parent of CarrierCorporation, where Trump erroneously claimed to have saved 1,100 jobs from outsourcing to plants in Mexico—has also been on board with this change in the face of the workforce. He said on CNBC in December that the Indianapolis Carrier plant in question would soon “automate to drive the cost down so that we can continue to be competitive.” “Now is it as cheap as moving to Mexico with lower cost labor? No. But we will make that plant competitive just because we'll make the capital investments there,” Hayes told “Mad Money” host Jim Cramer. “But what that ultimately means is there will be fewer jobs.” ✋🏾More in comments👇🏾 Technocracy SocioEconomicReformation FourthIndustrialRevolution Automation
Jim Cramer: Robots to have large and
 robust negative effects' on
 labor market
 MARCH 29, 2017 AT 1244 PM
 Raw Story /International Business Times
Politicians like PresidentDonaldTrump often demonize trade deals and undocumented immigrants for their suspected downward pressure on labor and job supply, but a study published Tuesday by the National Bureau of Economic Research indicated that the economic threat of artificialintelligence may be far more serious. With the introduction of one robot per 1,000 workers, the percent of the population employed could drop by between 0.18 and 0.34 percentage points, while wages could fall by between a quarter and a half of a percentage point, according to the study, by researchers at the MassachusettsInstituteofTechnology and BostonUniversity. That may not sound like much, but, for perspective, Amazon.com added 15,000 robots to its 30,000-robot strong fulfillment center workforce between 2015 and 2016. The fast food restaurant Wendy’s announced plans in February to install ordering kiosks at 1,000 of its stores by the end of 2017. Even stock market traders aren’t immune, as investment management firm BlackRock Inc. has recently begun to shift its trade decision-making toward algorithmic and robotic stock pickers. Greg Hayes, the chief executive of United Technologies—the parent of CarrierCorporation, where Trump erroneously claimed to have saved 1,100 jobs from outsourcing to plants in Mexico—has also been on board with this change in the face of the workforce. He said on CNBC in December that the Indianapolis Carrier plant in question would soon “automate to drive the cost down so that we can continue to be competitive.” “Now is it as cheap as moving to Mexico with lower cost labor? No. But we will make that plant competitive just because we'll make the capital investments there,” Hayes told “Mad Money” host Jim Cramer. “But what that ultimately means is there will be fewer jobs.” ✋🏾More in comments👇🏾 Technocracy SocioEconomicReformation FourthIndustrialRevolution Automation

Politicians like PresidentDonaldTrump often demonize trade deals and undocumented immigrants for their suspected downward pressure on lab...

Jim Cramer: THIEL: TIDE GOING OUT ON GLOBALIZATION... MARCH 8, 2017 AT 807 AM Drudge Report Feed [Editors Note: Because they're trying to promote the ScientificDictatorship known as The Technocracy.] Investor PeterThiel— who stumped for PresidentDonaldTrump at the Republican National Convention and has remained close to the president — believes the era of globalization is over. Trump's victory showed just how unhappy people are with globalization, he said. "I'm naturally inclined to think of it in those terms," said Thiel. "There's something around globalization that's not been working that well." Thiel's comments came Tuesday night at the CERAWeek by IHS Markit conference in Houston. The movement of people and goods is becoming more difficult through immigration and trade restrictions, said Thiel. Western Europe and other places are tightening regulations, creating headwinds for global banks and tech companies, he added. "The internet was designed to survive a nuclear war, but even so, I think there are a lot of regulatory challenges that SiliconValley will be facing from Western Europe and elsewhere in the years ahead," he said. People in Silicon Valley are complacent about the march toward global expansion, he said. "There's a technological determinism story you can tell where this is the future and China will eventually buckle under and cave and eventually adopt all of these things," he said. "But then you might wonder, maybe this doesn't happen at all, and maybe it's possible for the internet to actually fragment and not to have this historical necessity to it." No one in their right mind would start an organization with the word "global" in its title today, he said. "That's so 2005, it feels so dated," he said. To illustrate the point, Thiel took aim at the annual Davos WorldEconomicForum. "A decade ago, this was a group of people who were running the world," he said. "And now, it's just a group of people who messed up the world." Thiel gave a shoutout to CNBC's Jim Cramer, quoting him as saying, "There's always a bull market somewhere, you just need to find it." Thiel is beginning to agree with a colleague on this thesis: "We're now in a bull market in politics," he said. ✋🏾More in comments👇🏾
Jim Cramer: THIEL: TIDE GOING OUT ON
 GLOBALIZATION...
 MARCH 8, 2017 AT 807 AM
 Drudge Report Feed
[Editors Note: Because they're trying to promote the ScientificDictatorship known as The Technocracy.] Investor PeterThiel— who stumped for PresidentDonaldTrump at the Republican National Convention and has remained close to the president — believes the era of globalization is over. Trump's victory showed just how unhappy people are with globalization, he said. "I'm naturally inclined to think of it in those terms," said Thiel. "There's something around globalization that's not been working that well." Thiel's comments came Tuesday night at the CERAWeek by IHS Markit conference in Houston. The movement of people and goods is becoming more difficult through immigration and trade restrictions, said Thiel. Western Europe and other places are tightening regulations, creating headwinds for global banks and tech companies, he added. "The internet was designed to survive a nuclear war, but even so, I think there are a lot of regulatory challenges that SiliconValley will be facing from Western Europe and elsewhere in the years ahead," he said. People in Silicon Valley are complacent about the march toward global expansion, he said. "There's a technological determinism story you can tell where this is the future and China will eventually buckle under and cave and eventually adopt all of these things," he said. "But then you might wonder, maybe this doesn't happen at all, and maybe it's possible for the internet to actually fragment and not to have this historical necessity to it." No one in their right mind would start an organization with the word "global" in its title today, he said. "That's so 2005, it feels so dated," he said. To illustrate the point, Thiel took aim at the annual Davos WorldEconomicForum. "A decade ago, this was a group of people who were running the world," he said. "And now, it's just a group of people who messed up the world." Thiel gave a shoutout to CNBC's Jim Cramer, quoting him as saying, "There's always a bull market somewhere, you just need to find it." Thiel is beginning to agree with a colleague on this thesis: "We're now in a bull market in politics," he said. ✋🏾More in comments👇🏾

[Editors Note: Because they're trying to promote the ScientificDictatorship known as The Technocracy.] Investor PeterThiel— who stumped f...

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