If this should come to pass, and we cannot discount it, we will be facing not just an economic threat but an existential threat to our basic liberties. Make no mistake, if Obama can move as far as he already has with virtually no actual discomfort, disruption and despair among the people in subverting our capitalist system he will wreck it all together if he can get the chaos. With the chaos comes the man on horseback.
We are about to sustain two shocks, one coming out of the disintegration of Eastern Europe, and the other coming out of the unwinding of derivatives which is perhaps the most threatening of all. If they crash the system, grab your children, and your copy of the Bill of Rights and watch Obama.
