UPDATE: Implications of the US government not defaulting on the debt.
We will see an Inflationary deleveraging. This means the US government together with the banks and the Federal Reserve will print money to pay its bills.
The money it owes and its future expenses.
This means prices will go up.
This means assets will go up.
This means interest rates for everyone except the government will go up.
If we do get a debt default a lot of money will go into gold and Bitcoin and financial institutions will require a rescue bailout.
