We were told it was coming.  Now it's here.  Greece has officially defaulted on its national treasury bonds.  In spite of all the bailouts from the European Union, the International Monetary Fund, and our own Federal Reserve....  Hundreds of billions of dollars in bailouts -- all for naught.

There are more European countries lined up to default as well.  The European Union is collapsing along with the European economy.  There will be very hard times on that socialist subcontinent soon.

Do you think those economic woes will be contained to Europe?  If you do, you are mistaken.  Our own economy is on the edge, and Europe will probably push us over.  Hold on!  We in for a jarring ride this summer.


Bill Cochrane