Will we have a predicted world-wide collapse in all the economies in the First Quarter of 2011?

Experts have predicted the compete collapse of the Global Economy to come soon. The dominoes are falling- Portugal, Ireland, Italy, Greece, Spain (PIIGS), England, France, Germany, Japan, Russia, USA & finally, China. The rest of the world shortly after. A New World Order as Spookie Dude Georgie Soro's would say, would be put into place. So, First Quarter or later or not at all?