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.
Yeah- lots of things would “jump” it would be a catastrophic process. That’s my entire point. Lots of people would stand to lose a lot of money, but those who have inside knowledge stand to be able to save a large fraction of their wealth, while everyone else becomes a serf, because all of their investment and savings will be worth jack shit. And I think that’s one of the points of this whole circus.