here's the deal...the only way out that is somewhat painless for America is to nationalize the Federal Reserve and use US Treasury note currency in their place and strike off the interest bearing 10 or 30yr or whatever debt thing. But, The FRS claims are void. Would take care of 1/3 to 1/2 of our interest paying debt...POOF. Punt the FRS into the Atlantic and be done with those folks.
The ones who cry the most will be the ones who have benefitted the most.
icd