Gem Hudson

Forget the 1930s; We're Reliving 1975 (Part II)

China not to happy about our monetizing our debt and they will not except the paying down of our debt in our dollar. The dollar have crashed and financing any more deficit spending will not be. Your credit score is junk bond. We are going to have to cut further ever time that accounting number drop below zero and into the red.

O yea we hit bottom. That is because we are sunk and is it all going to bounce off from the bottom? But appreciating dollar is to earn the money and earn money is capital money. Have you sold what you have produced?

Cramer's Mad Money - Social Insecurity (12/17/08)

The money that is not earned and is not loaned from China but fractionize value out from a reserve of I.O.U. bonds is dying more than the deficit death and is crashing the currency into oblivion. The Mexicans that were running away just run right back into what peso problem they were running away from.