It sounds like we have something in common here, as I believe Remeniscence is a book about/by Livermore (though written under a pen name).
Cramer also stresses the Fed's importance. It feels odd to say positive things about him as I view him as a bit of a jerk! Funny thing is one of my favourite authors (not investing) comes across terrible on video and have been told he is a positive jerk in person. I guess some people are better to stay with the printed word!