Richard Russell continues:

"Unless entitlements are substantially reformed, I am confident that this country will default on its debts, not in conventional ways, but by picking the pocket of savers via a combination of less observable, yet historically verifiable policies -- inflation". . . . .

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/5_Richard_Russell_-_US_Dollar_Collapse_Will_Accelerate.html

As Bill Gross warns, we're heading for debt default via inflation.

The Russell advice, is the same as it's been for many years -- buy and own gold and silver. And forget about what “can't happen.”