for. it's a vicious circle. >> neil: art, a lot of people say this is unprecedented, seizing people's assets. in this country we have the president with his medicare century tax, medical device century tax, on the healthcare law, so it's not as if we're immune. the bank thing is being waged in cyprus but it's not unprecedented. >> it's happened here before, neil. i you go back to the bank holiday act of 1933, they confiscated all the gold and sell very from private holders and then devalued the dollar. they just stole it. can that can happen here. >> neil: what would trigger something like that? >> you know, what happens there is a financial collapse elm if we keep running trillion dollar deficits, no growth, which is true, and we keep having these states with higher taxes and