ARGENTINA...

That is EXACTLY the situation we are facing. The U.S. will be the last on the block to experience this (the World Bank said they would foreclose on Japan if the Nikkei Exchange ever dipped to 8100), but that would create a global collapse...collecting on Japan's debts. I expect Japan and the U.S. will fall at the same time.

In the U.S., we are going to see new twenty dollar bills at the end of this year. And far fewer of them. Then other denominations will be restricted. When there is less money in wallets, we will be urged to use credit and debit cards. Thumbscanners will be installed in all stores and will be mandatory (going on now all over Texas, but only for 'check cashers' and 'credit and debit cards'). This is exactly what happened in Argentina, and then, three years after the thumbscanners went in, the economy collapsed. The World Bank strong-armed the government into abolishing cash. Cashless society. People with tens of thousands in the bank were told they would get an 'allotment' of two hundred bucks a month.

I haven't done a search of the Argentinian situation in a while, but the last I heard, one of their revolving Presidents had the GUTS to say they would never pay off the World Bank debt.

And then, a couple weeks ago, the World Bank came out with a plan to let countries declare bankruptcy.

The middle class in Argentina was destroyed and are eating dogs. That's the last I specifically read on it.

http://news.google.com/

The above is an INCREDIBLE search engine that sorts headlines constantly. You might try using it just like google...type in 'Argentina bankruptcy'...something like that.