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mdovell
@
2011 Dec 6, 8:36am
Well that would be a interesting argument...we tend to have some states subsidize others. Alaska has this to attract people..the states along the gulf coast also are subsidized. It would be interesting to see what would happen if say Alaska went bankrupt and what it would do simply because the energy markets.
The dollar is not on a gold standard but oil is priced in dollars.
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http://www.cnbc.com/id/45336180/European_Debt_Crisis_Unlikely_to_Impact_US_Fed_s_Bullard
I've heard a lot about the Greece debt crisis adversely affecting the stabilization of the Euro, but how does that affect me here in the United States. Sure I understand some people probably have 100's of billions invested Europe and they could take some big losses, but how does that impact John Q. Public here in the United States? The Stock market will certainly take another tumble downward, exports to Europe will suffer, but I hardly think it's time to run around and scream the sky is falling.
Can someone explain to me why I should care?