Lyric discussion by Big Basser 

This song is obvious... It's the Apocolypse and Ozzy, Geizer and other members of Black Sabbath are in Hell looking at the Hole that certain races and/or countries and/or people are ascending into and in the background the Western World is descending into Hell "I've Seen the Western World go down in the East"

Umm...I think what was meant by that line was that the western world's influence has strongly spread to the east in modern times - 'go down' as in 'happening'

I interpret that line is that he's seen the Western World lose a war(go down) in the east, aka Vietnam.

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