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[Ohio]

Originally Posted by OBW

Ever note how many of the nations of the world in the past 100 years nationalized everything and dismissed much of their foreign debt?

I would never propose such an action, but at the same time, there is little chance that there would be any serious effort to force our hand with such an option at our disposal. And not much chance that they could force anything.

Would that likely define a new reality here at home? Surely it would. And likely the end of some of our favorite "rights."

And it would hurt.

I heard recently that the total amount of 401K's closely matches the US debt. Some suspect that theft may come some time soon. The American dollar has exceeded the life span of any other currency. History and our debt tell us that its end might also come soon. Should we reach the end of this current super credit cycle, several trillion dollars will not be adequate to bail us out.

Government will never allow some chaos to pass without bringing an end to some of our favorite "rights." They are also known to create chaos for just that purpose. The time will come when our Bill of Rights are history. We can already see that with the serious erosion of 1st, 2nd, and 4th amends. Many liberal Univs. have already in effect banned the 1st amend. Whole cities have banned the 2nd amend. Snowden/Assange have informed us that the 4th amend. is history.

Like I posted yesterday, Sweden has already banned guns, and now some there are proposing that all vehicles be banned because they can be used as weapons. What's next? Rope, Lead Pipe, Knife, Wrench, Candlestick, and a Revolver? One day Snowflakes will ban the game of CLUE because it's so dangerous.