"The problems in the US are trivial compared to the European debt problem"
kacy are you serious?
US is in just as much crap as Europe.
US debt levels are out of control with no real hope of reigning in the debt, just empty promises and plans to reduce their debt by a couple of trillion over 10 years!!!
What good will that do? What's the difference if you owe 14trillion or say 11trillion? Not taking into account the unfunded liabilities.
This is a trainwreck in slow motion which no amount of QE will fix this time.
The US monetary system is on the verge of collapse and with it the world monetary system as the US is the reserve currency of the world.
I don't think people fully understand what the implications will be when confidence in the world's reserve currency is lost.
