Collapse in Europe Begins with Greece

There are several reason why the financial situation in Europe impact on the United States:  U.S. banks hold alot of European debt and the burden of a large national debt coupled with runaway government spending on basically itself spells hard times to come. Not necessarily a economic collapse, but a spiraling down of the standard of living and quality of life until there is no reversing it. The video below, although tounge in cheek, explains pretty well what is happening in Greece which of course is a model of what and where the U.S. could be very soon.