Will the U.S. default on their debt?

eather the US default on their debt or raise their debt ceiling; it’s a bad thing either way for the US Dollar & economy;

US DEFAULTS🩸:

⭕️They fall into a deep recession
⭕️Roughly 7.8 million jobs will be lost
⭕️Unemployment rate doubles to 8%
⭕️Crime rate/poverty increases
⭕️Stocks & Bonds will be sold off/401(K) effected. Financial markets crash
⭕️Social security payments delayed

US RAISES DEBT CEILING💸:

⭕️More money printed out of thin air
⭕️Inflation sores even higher
⭕️Interest Rates keeping getting hiked higher
⭕️More mortgage defaults, so more homes get seized
⭕️Banks hand out less personal/business loans, along with mortgages
⭕️USD strengthens, which is a bad thing as more countries will refuse to do business with them
⭕️More bank failures

As a result, we will see an outflow of institutional investments away from equities, with an inflow of investments into commodities like Gold & Silver.