Jim Cramer’s call to get out of fossil fuel stocks, Bernie Sanders if President will be horrible for Renewable Energy Stocks – February 3, 2020,
There’s something very unnatural about Jim Cramer, it’s almost as if he’s a tool for someone or I should say a tool for some entity. Everyone knows, that Bernie Sanders and the Green New deal will be the best thing that ever happened to the fossil fuel industry. If Bernie Sanders wins the election, first of all, economically he’s an idiot, Bernie may know how to appeal to young voters who assume debts can be forgiven without consequence and new economic systems can be created to replace capitalism via government decree.
However, Bernie Sanders as the 46th President of the United States will equate to a steep decline of stock market prices, as markets try to revalue the markets under Bernie Sanders leadership. Bernie has promised a lot of free stuff and if Bernie is going to nationalize or provide corporate welfare for entities of his choosing, the markets will have to try and figure out what a Bernie Sanders economy looks and feels like on Mainstreet.
Furthermore, what I know most people forget is why Oil or fossil fuel stocks are so low in the first, it’s primarily because of Donald Trump’s aggressive stance towards fossil fuel producers in not only in the middle east but in Europe. Trump has stood strong in support of the U.S economy and put foreign fossil fuel producers on notice that market price manipulations will not be tolerated. Now, do people really think anyone will fear Bernie Sanders President?
I get it, to young people, and the economically illiterate, Bernie Sanders sounds like the best thing since sliced bread, but to those of us who know better, Bernie Sanders would be the worst President for the U.S economy since Franklin Delano Roosevelt. Now, when President Herbert Hoover was president, what happened during that time is that people were pressuring President Herbert Hoover to do more to combat the depression, basically asking President Herbert Hoover to do more government intervention into the economy, when President Herbert Hoover refused to do more Franklin Delano Roosevelt was voted in by a wide margin and what President Franklin D. Roosevelt did was all sorts of Government interventions.
The Green New Deal Democrat Presidential Candidate Bernie Sanders
The New Deal President – Franklin D. Roosevelt 32nd U.S. President March 4, 1933 – April 12, 1945
The Great depression was October 29, 1929 – 1941
The Wall Street Crash happened in October 1929 and Herbert Hoover lost the election of 1932 to Franklin Delano Roosevelt by an embarrassingly wide margin. Now, I want the reader to remember that the Great depression was October 29, 1929 – 1941😂 and most Republicans will argue that it was Franklin Delano Roosevelt intervention into the U.S economy which prolonged the depression because you have to remember that when the government intervenes into the Free market, the market had to reset and collaborate prices for goods and services and being that Franklin D. Roosevelt issued a profusion of executive orders that instituted the New Deal—a variety of programs designed to produce relief, recovery, and reform, these Government reforms also had to be collaborated by the market this is one of the reasons why the depression took 9-years!
Now, the truth is the market wants to get back to making profits, but via the heavy hand of government, the market has to be careful as to what it invests in, because let’s say I invest in clean nuclear, but according to President Bernie Sanders or Solar and Wind are considered clean energy? Then I have to re-collaborate prices and change my investment patterns. Bernie Sanders is going to be a disaster for Stocks if he or someone like him becomes President in the future and everybody knows it.
With that said, to me it looks like Jim Cramer is working behind the scenes with someone, to goose up prices, I’m not accusing Cramer of anything, but I certainly won’t be taking investment advice from him. If the Government is going to take over the economy, try to remember that prices for everything will have to be remeasured, recalculated and investments will have to moved and checked for stability, after all, a lot of people’s retirements in the U.S are riding on the success of the stock market and there’s a fiduciary duty for the owners of such funds to look ut for the best interests of their clients, what this means for a Bernie Sanders is that money will be sidelined until his economic policies a coherent to the markets. Buyer beware!
Bernie Sanders weighs in on Jim Cramer’s call to get out of fossil fuel stocks | CNBC Youtube
Interesting times ahead