The Western world may collapse because of debt.  Debt that resulted from borrowing to pay ever growing entitlements.  Entitlements that were political suicide to oppose despite the fact that there was no money to pay for them.  The Greek economy is on the verge of collapse because of such borrowing and is being bailed out by other European countries and the United States because of fear of what would happen if lenders stopped lending to other countries because of fear that they would default on their loans.  It is astonishing that the United States is lending money when one considers the incredible debt owed by the United States.  The economies of the Western world rest on pedestals of debt propped up by lending of money that isn't there, if the lending stops the pedestals will collapse. 

 

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