Doomed for economic collapse

http://www.youtube.com/watch?v=eb1n1X0Oqdw

Hey guys, why do people continue to believe that unrestrained government expenditures and colossal debt won't ruin the western world? 

History is filled with examples of nations falling to pieces because of unsound monetary policies, but everyone in the US and Europe sits around thinking it can't ever happen to them.

>>4
It is possible, but it would collapse 1000s of major private banks who have given loans to governments and bring down the rest of the economy with it.