Greece exit from euro could trigger ‘chain reaction’ of collapses in Europe

Prophecy Sign:  The collapse of world markets and the global economy

So the Greeks backed away from their referendum vote on the European design fix for their nations debt mess, and the Greek P.M. and his government survive a confidence vote.  Does it all really matter?  The world economy is so deeply in debt that the collapse is inevitable.  We now read that the EU's third largest economic power, Italy, is now under watch by the IMF, and we also read that America is about ready to top the $15 trillion dollar mark for their national debt.

We keep warning that a collapse will happen, and will be the catalyst to a brand new economic system that will be administered by the Antichrist, (Revelation 13).

From the articles:

Were Greeceto leave the euro zone, a step that until now European officials have said is technically and legally impossible, the consequences would be devastating even though the country represents just 2.5 percent of the 17-nation currency area’s gross domestic product (GDP). Just how devastating is difficult to say because the move would take Europe and the global financial system into uncharted territory.

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Britainis drawing up plans to deal with the consequences of a possible collapse of the eurozone – including a fresh banking crisis – in the wake of the chaos in Greece.The opening of the G20 summit of the world's most powerful economies in Canneswas overshadowed by the turmoil in Athenslast night, as the Greek Prime Minister dramatically abandoned plans for a referendum on the European bailout deal in the face of furious opposition at home and abroad. But, amid growing fears that a Greek economic meltdown could spread through the rest of Europe, there are still concerns that the European plan brokered last week is not enough.
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Reuters reports that Italyhas agreed to be put under surveillance by the International Monetary Fund (IMF) as part of a plan to restore market trust in the eurozone's third-largest economy. After late-night talks with G20 leaders in Cannes, Berlusconi agreed to have the IMF check up every three months the way pension and labour market reforms are implemented and privatisations are carried out, EU sources told the financial newswire.

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It will be the latest sobering economic milestone that few were hoping to see: The U.S. national debt – any day now – will soar above the $15 trillion mark. As of this writing, the total debt is $14.97 trillion, so moving beyond the symbolic $15 trillion is a foregone conclusion. When the unwelcome milestone is reached, it will come at a volatile time both in this country and abroad.

Greece exit from euro could trigger ‘chain reaction’ of collapses in Europe

http://www.thestar.com/business/article/1080583--greece-exit-from-euro-could-trigger-chain-reaction-of-collapses-in-europe

Euro chaos: Britainprepares for worst
http://www.independent.co.uk/news/uk/politics/euro-chaos-britain-prepares-for-worst-6256920.html

Report: Italyto be put under IMF surveillance
http://euobserver.com/19/114169

U.S.Approaches $15 Trillion Debt Limit

http://abcnews.go.com/blogs/politics/2011/11/u-s-approaches-15-trillion-debt-limit/