For the past 60 years the U.S. has been Europe's military deterrence. As the U.S. economy and dollar collapse the U.S. military will need to retrench back to nearby shores and waterways. Europe has enacted their socialist regimes at the expense of their self-defense knowing America was their unpaid military force ready to defend them. Soon they will need increase spending on their own military growth and research. Having invested in their social give away programs there isn't any money available to create a force capable of defending themselves. They are as broke as we are and going further. Sure, there is NATO for Europe and other alliances but you've seen how much NATO is available to help America. Alliances are only as successful as the members are willing or have the ability to go to war for each other. The world is soon to become a very dangerous place for countries to survive. If you don't have the military to defend your own country from regional enemies, you will eventually be drawn into war. Possibly nuclear war.