Vox Day: The Great Taking
(voxday.net)
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Well that's the point of the article. All it takes is one "muh democracy" and your collateral for debt becomes you.
Or hey maybe the UN declares that citizens become collateral for national debts. Then we're all slaves to the usurists.
That, or expel the usurists from the country.
Far too lenient imo.
US debt has no collateral, other than the increasingly tenuous promise that you will be repaid in green pieces of paper.