Hoping to generate some serious discussion. Right now the safest investments are regarded to be U.S. Treasuries (and bank deposits). Moreover, the dollar is the world’s reserve currency and the U.S. continues to be the major driver of the world economy.
But what if?
What if the political situation in Congress continues to deteriorate. What if the debt ceiling can’t be raised? What if shutdowns become the new normal? What if Social Security becomes insolvent? What if the U.S. can no longer pay the interests on its debt? What if terror attacks, what if critical infrastructure failures, what if mass gun violence eroded what was left of American consumer confidence?
It’s a dire picture but the chances of it happening, or part of it happening, are higher than one would like to admit.
Putting the likelihood aside, is anywhere safe for our money? Or do even FDIC banks go under? Is even gold safe? What investors survive?
Submitted January 23, 2019 at 08:59AM by sokpuppet1 http://bit.ly/2RK6d71
