European states sign new fiscal treaty

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  • My2Cents Taylorsville, UT
    March 2, 2012 6:22 a.m.

    Will this be the fuse to destroy the world debt based economy? Europe on a cash and carry economy will destroy the US economy because we can's pay cash for any European goods. It makes US debt non spendable or an asset to trade. This is far reaching and a profound declaration of a united treaty encompassing many of our allies and friends of the world.

    This will even affect the ability of NATO as a united organization and break it down.

    I can't see the Asian economy being any good either, they don't have the expertise of the American workers who are the nation makers.

    I'm afraid our president is going to see this as a threat and start boycotting and blocking EU imports and financial transactions. It might even turn to war to stop this treaty from become entrenched in those governments.