Tim: Black, White and 9

I have the feeling that United States are going through what Japan had gone through in the 1990's, only with much worse international effects... But what's hopeful is that, the world will definitely not let United States fail! Especially for China, which owns around US$900 billion of bonds - much lesser if not for possible political leverage.

Very few people see the Greek crisis not as a 'debt crisis', but as a crisis where different brothers of a family fight for the same stuff that feeds them in the great financial famine, like I do. Do you know that France, Germany and Britain hold together hold 62% of the total Greek external bank loans? And they make up 100 billion dollars. Is this the debt crisis we are hearing? Greece owing some country large sums of money? But who are the countries that Greece owed to? Greece is owing money to its very own European nations - and not to some foreign countries like China, India or United States. Only then, will the world be really stuck in a systemic crisis. I do not have material evidence, but I think Portugal, Italy and Spain have similar issues as Greece. Added with Greece's woes in governance, I do not think the situation in Greece will improve.