'Finger In The Wind' Cramer on The Fed

By Chris Rossini

If someone says Jim Cramer, think 'finger in the wind'.

The Fed worshippers over at BusinessInsider are running a series of tweets from Cramer. They include:

More usual stuff from hedge funds: Fed's stupid policies, Bernanke didn't do any good. Hello? we would be in a Great Depression
— Jim Cramer (@jimcramer) September 24, 2014

I am simply tired of wealthy hedge fund managers telling us that the good guys in government were fools. Bernanke is a hero, not a goat
— Jim Cramer (@jimcramer) September 24, 2014

After seeing these genuflections to the planners in the marble palace, I immediately recalled a much different Jim Cramer. It was at a time when the wind was blowing in the opposite direction. Back in 2007, Cramer was lucky to have Ron Paul on his show.

Dr. Paul, as we all know, is a model on consistently delivering a message.

But check out the words that Cramer was using during that interview:

• "The Federal Reserve's current Chairman, Ben Bernanke, started his job in 2006. That's exactly when the worst mortgages began to be propagated...Why did he not see this coming?"
• "Do they not see the bigger picture that you and I see?" (CR - Ha!! Gotta love how Cramer tries to lump himself in with Ron Paul ... Stay in your seat. It gets better.)
• "You've given me cover sir. I always feel like I'm out there by myself, criticizing this institution that everybody thinks is like a holy temple, when the reality is these are just men and women like you and me, except they're making policy with no checks and balances. I wish you the best of luck sir with your campaign. You are changing things with what you're saying."

So Cramer went from that to: "Bernanke is a hero."

Finger. In. The. Wind.

Will Cramer flip on the Fed (again) when the next financial crisis hits?

You can bet your Mad Money on it.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.