Professor Steve Keen, University of Western Sydney, joins Thom Hartmann. While hoardes of Americans were beating the heck out of each other for two-dollar waffle makers in Wal Mart - the U.K. quietly announced that is preparing for an all out collapse of the global banking system. A Senior Minister within the U.K. government admitted to the Telegraph over the weekend that planning is already underway to deal with the aftermath of a Eurozone collapse and subsequent civil unrest. According to the article, U.K. government officials now believe a collapse of the euro is "just a matter of time," and consulates around Europe are being prepped to deal with rioting in other nations and how to help British citizens abroad who may soon be unable to access bank accounts and withdraw cash. On top of that news - in a new report - the Organization for Economic Cooperation and Development drastically cut its expectations for economic growth in Europe and the United States over the next year. According to the OECD - Europe is stuck in a mild recession and the United States will soon follow. So just how bad can it get? And what can be done to mitigate the damage?