The Collapse, Foreign Lenders, & Your Guns
Take a look at this listing of major foreign holders of US Treasury debt.
Now check today's US Treasury "debt to the penny" total.
Add to that ~$9.6 trillion total FedGov debt the > $5T in liabilities assumed in the Fannie Mae/Freddie Mac takeover, plus the additional liabilities assumed by the FedGov in all of the ongoing Wall Street bailout shenanigans.
In considering the resulting > $15 trillion in FedGov debt, look again at the countries who are the Treasury's lenders and recall the Golden Rule:
He who has the gold makes the rules.
Do you think that the governments of Japan, the People's Republic of China, the oil-producing nations, the UK, and others have a point of view on personal arms possession and use, especially as it might affect their ability to exercise their rights as creditors?
Do you think they might use their ability as creditors to insist on "harmonizing" certain American social rules (like the private possession of firearms) as part of the price of continued lending to the de facto bankrupt FedGov?
Do you now understand why I have been hammering this economic news on a RKBA/freedom blog?
Tempus fugit.
posted by Concerned American | 2:20 PM
3 Comments:
I've always understood your postings,and was glad to find I wasn't alone with such thoughts.
The Feds have done some damage to my Silver & Gold Investments as of late.
At least I'll have something to barter with after the collapse.
Be well!
CIII
Not long ago M.V. responded to a call for gun confiscation, "How many dead bodies are you willing to pile up to gain your wish?" or approximate words to that effect. Judging by the combatant deaths due to direct combat, civilian deaths, and non-warfare civilian genocide during the 20th Century, I would say those entities would be more than willing to pile up more than 300-500 million dead bodies to gain control.
This does not bode well for the cause of liberty.
III
"Do you think they might use their ability as creditors to insist on "harmonizing" certain American social rules (like the private possession of firearms) as part of the price of continued lending to the de facto bankrupt FedGov?"
Let's see them enforce that.
Mr. Lincoln, for all that true believers in the Constitution condemn him, said the following words of wisdom on January 27, 1838:
"At what point shall we expect the approach of danger? By what means shall we fortify against it? Shall we expect some transatlantic military giant to step the ocean and crush us at a blow? Never! All the armies of Europe, Asia, and Africa combined, with all the treasure of the earth in their military chests; with a Buonaparte for a commander, could not by force take a drink from the Ohio, or make a track on the Blue Ridge, in the trial of a thousand years.
At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we ourselves must be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide."
There are some 250-300 million guns in the hands of civilians in this country. Yeah, sure, many are simple pistols in the hands of very inexperienced shooters...but many are also high-powered, scoped rifles owned by skilled individuals who either were trained by Uncle and/or who hunt regularly. Remember your 3%! Just 3% of 80 million gun owners is 2.4 million. 2.4 million fighting on their own territory, to safeguard their liberty, with the help of many sympathetic fellow citizens.
Nope, it isn't going to be so easy for someone to take the guns. Look at what the Finns did to the Russians in 1940 and 1941 - 40:1 against an organized army with lots of artillery and aircraft, and no qualms about laying waste to people and things.
Keep buying guns & ammo, and keep training. Educate and train the next generation. Just as important, make sure we don't have a leadership that would invite or allow in foreign troops or "peacekeepers" (yeah, that's right, I mean Obama - for all of McCain's faults, and they are legion, he's not that kind).
Prove Lincoln right.
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