This one deserves it's own post...

In an interesting twist, Germany It appears is starting to push back on the United State's push for them to back any euro bailout at any cost. 

In a Speech to the Bundestag, German Finance Minister Wolfgang Schaeuble has questioned how the US can handle the high level of debt after the US elections. 

We've had low rumblings from China about this, but nothing from a 1st world power who plays 'fairly' in the currency markets.  China's opinion is somewhat discounted due to the fact that they set the value of their currency, where as everyone else allows the free market to dictate the value.

Right now, the United States has run defecits of $1 Trillion for 4 consecutive years.  Currently, in one month we poay $103 Billion in interest alone.  As of July 2012, our National Debt stands at; $15,874,365,457,260.


In other news, Moody's is telling us that they may now cut our credit rating.