Bank of America CEO Brian Moynihan on Monday said the firm is preparing for the U.S. to default on its debt after surpassing its borrowing limit last month.
Lawmakers are locked in talks about whether to lift the debt ceiling, with Republicans insisting on spending cuts before a deal to raise the limit is struck, and economists are warning of financial crisis if a default does occur.
https://thehill.com/policy/finance/3845901-bank-of-america-ceo-preparing-for-us-debt-default/amp/
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We’ll need to be able to take up a cottage industry and trade skills will be sort after greatly. As a prepper a hint. Coffee will be in much demand, so put some aside, make sure you use an open market to sell - not at your home. There is a great book about someone who survived the collapse of Venezuela? if I can remember, been awhile, and alcohol, cigarettes, coffee and tea as well as meds, were highly sort after. But you need to be careful.