Joe Biden is a fool.

Happiness Job did it again put his foot in mouth and made ass,or in his case jackass,of himself.The other day clueless Job said the Italy wouldn't effect the American economy.It reminded me of the talk in 2007 and 2008 stating we were de-couple from Europe of course that so wrong the troubles in Europe were precursor to the financial meltdown in 2008.But should know better for history tells us economy force around world come home to roost.This was true when in 1870 when Prussia(today northern Germany) conquer France very quickly and gain much booty to point that treasury was full,hence.only accept gold for state,in effort a gold standard, add that to the United States passing the coinage act of 1873(better know as Crime of 73)which made U.S de facto go on the gold standard,plus the growing railroad use in the U.S and Great Briton and Germany and around world and open of Suez Canal,all which made good far cheaper and lead to world depression,in U.S it was called the Panic of 1873 which direct cause was the failure of Jay Cooke and Company(which had finance much the Union during the Civil War)and crazy railroad speculation.
Now depression lasted much longer in U.K then U.S. In the U.K it lasted about twenty years,in the U.S 5 years.In part because in 1878 Congress passed over veto of President Hayes Bland-Allison which put Silver back in play as currency for U.S also in that same year Congress passed and this time the President signed the greenback act,which provide that many outstanding greenbacks remain part of currency.