Showing posts with label the U.S. should refinance its debt. Show all posts
Showing posts with label the U.S. should refinance its debt. Show all posts

Monday, June 4, 2012

Jim Cramer: "The U.S. should refinance!"

Refinance??

LOL!!!

This is laughable. Total comedy.

REFINANCE???!!!

Why does a nation that issues and spends in its own currency need to refinance? Do we borrow our own fiat? If anything, the U.S. should issue nothing longer than 3-month bills, as security issuance functions only as a reserve drain. Nothing more.

Cramer goes on: "I've been telling Geithner this behind the scenes and to his face."

And Geithner's probably dumb enough to listen!