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.