European troubles push stocks downward

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  • My2Cents Taylorsville, UT
    July 13, 2012 6:51 a.m.

    I think all the European troubles are directly linked to the USA troubles and our failure with its fallout is destroying their economy and they are in crunch time, keep the US as world leaders or shut us down, I don't think they have a choice but to call in all our debt markers. This is what is killing our stock market, the lies of fake wealth no longer works.

    Can we spell federal bankruptcy? I think that our financial industry thinks that going cashless will absolve all our world debt. In a way it will by telling the world we no longer have a financial system with any basis therefore our debt must be forgiven if they still want to trade with us. But why should the Europeans or Asians want to do trade with a country that won't pay them? That is our future as it is becoming.