The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action.
The prominent think tank forecast Monday that the so-called “X-Date” would likely arrive between mid-July and early October.
So hmm, how should I be investing my money now to avoid being screwed if this happens…
Invest in your community, talk to your neighbor, collectively stockpile shelf-stable staples like rice and beans in-bulk. No working-class Americans survived the Great Depression because their stock portfolio was clever, they survived on bare necessities and strong communities.
Nobody knows. The world economy is built around America always paying its debts.
But there is one thing: build mutual aid networks that can thrive without money being involved.
As crazy as it sounds, bitcoin, if US market crashes, all markets crash.
Gold would be good too, but I find it to be just as valuable as bitcoin in the real world - worthless to me, but a way to store wealth.
Bricks and non perishable food
Positioning to take the smallest impact.
Gold, Bitcoin will be ok, but still traded to the US dollar.
EU stocks, but they will take a hit too, but might not be as bad.
Market short positions, but the sell on this is still us dollars.