With regards to a slow default scenario, it could be argued this is actually is well underway.
Starting in 1971 when a French battle cruiser slipped into a New York port demanding its gold, and perhaps now in its final stages as the petro dollar is being replaced by the Petro Ruble/ Yuan ( insert currency here)
I mean hats off the the US financial engineers who have managed to keep the plates spinning this long!
I really enjoyed this post Balajis.
With regards to a slow default scenario, it could be argued this is actually is well underway.
Starting in 1971 when a French battle cruiser slipped into a New York port demanding its gold, and perhaps now in its final stages as the petro dollar is being replaced by the Petro Ruble/ Yuan ( insert currency here)
I mean hats off the the US financial engineers who have managed to keep the plates spinning this long!
So what would you suggest Balajis, putting all your money in your mattress, buy bitcoin or gold, treasury bonds, real estate?