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$14.2 TRILLION US debt is good?
Zorro, quit being logical and educated. Dont you know where you are writing this? THese are people who think Obama started two unpaid wars and that SAra Palin is our only hope.
This story clearly should be filed in the travel and entertainment section of the paper, because it is so wrong, on so many levels, that it needs a complete and total rewrite in regards to sovereign currency. It is a complete and total fallacy that the US or the European Union, can simply "print" money. The US can borrow money, but it cannot, and more importantly, the US does not print money it doesn't have. Many countries a la Argentina, have done so in the past, but not the US. The US Treasury is not authorized, to "print" money or monetize our debt with fiat currency. The price of a Big Mac in Spain has far more to do with their government and the cost of living there, than it does with currency conversion. Spain, along with Portugal, Greece, Italy and Ireland are in dire financial straits. Greece and Ireland have both technically defaulted on their sovereign debt. The EU has temporarily come their rescue because they are tied to the Euro. The fat lady has not sung yet, but these countries have been temporarily reprieved by Germany. So, the take away here is, if you want to have an adult conversation about the devalued dollar, learn a little bit about international currency before you go open a Forex trading account.