The United States has been doing more-or-less what the Eurozone has been doing for the last few years. Marking time and watching debt grow. Their “Greece” is Jefferson County , Alabama  which has filed for bankruptcy court protection. We are talking big bucks ($3.14 billion) in what is the biggest  municipal bankruptcy in U.S. history. County elders have been trying to restructure their debts but after two days of meetings, have decided  to declare bankruptcy. Dominoes are beginning to topple as many American states, counties and cities are “on the verge” of going bust.

Leave a Reply