Living in Britain we are very closely tied into the E.U. market and the Euro crisis will not only have a knock effect here in the UK but also the rest of the world.
The shady dealings of banks and indeed Governments in allowing a false economy to develop over the last decades is coming home to roost. Most major currencies are now Fiat currencies which means that they are not backed by tangible assets like gold. Years ago Governments had to have gold to back the currency but for many years this has been ignored. Like all Fiat currencies of the past they ultimately collapse. It looks like we are heading that way. The repercussions are going to be enormous.
The US Dollar is a Fiat currency! Watch out.