US Government debts may affect the world economy

As the deadline for August 2, 2011 is approaching, and no agreement has been made to raise the debt ceiling for the US government things look discouraging. With a debt of over 14 trillion dollars it will take decades to pay all of the debt, and other than the economy slowing the repayment process, many Americans are slowly going to retirement, meaning they will not work and collect their pension, which in thus, puts more financial difficulties to the US government. The biggest problem is that the world is running on artificial money, meaning if they are buried in debt, they can...