OK, first off, what does it mean when some one just says "This" after quoting a post? I see that a lot on the facepunch forums and I really can't figure out what it means. Is it like QFT?
As for the world just waltzing along it's merry way if the American economy collapses...ha ha ha.
300 million consumers, millions of businesses and crucial technology centers are all located in or a part of the US. That's why they call it a "Global Economy". The current financial crCIA is a perfect example of this; a few risky loans default in America and banks across the world go to stuff.
I'm not saying that America is the "best/most powerful" economic power in the world, there are several other countries that could qualify for that. However, the loss of America would be a substantial blow to the world.
It's like QFT.
Also it would be a blow to the world economy, but it would recover were it not for the global problems not affiliated with the US.
You forget, there are several other factors that are affecting the global economy. It just so happens the US was the first to fall to them in this case. If the US was in this predicament without all the other crap going on, like rise in oil prices and rise in china export prices and agricultural problems, it would certainly not be a huge destructive thing against the whole world economy. It would be a shame, that's it, and everyone would keep going after that.
The world economy is suffering from the same global problems as the US economy, not DUE to the US economy.
Actually, I think you're right. The US' economic failure might just be the catalyst that pushes all the other countries to follow suit like a domino effect before any alternative measures could be developed. All this due to the US having gone to war every 5 years on average instead of having developed their industries to compensate for the fact that they have very little natural resources to work with, thus only being able to offer whatever they can make out of Canada's exports, which is tanks and stealth bombers which they keep to themselves, hooray!
Either way, the world is in stuff. Now we just have the US to blame for making it all go to stuff faster then expected. Thanks US.