By Dave Winer on Monday, July 11, 2011 at 6:00 PM.
They're not telling us the truth about this. Someone should.
They say interest rates will go up. That might even be a good thing if that's all that would happen, but it's not.
With no safe place to store value, the financial system are going to get crazy.
Gold and silver will probably shoot up, as will commodities. Anything that might possibly hold its value is going to become dear.
Are you going to take your money out of the bank? Well, as August 2 approaches, you'll probably have lots of company.
But that's just the beginning. Truth is no one knows what will happen because nothing like it ever has happened.
One thing that will happen for sure is that the government will shut down. If you value stability -- food on the shelves of the supermarket, electricity and air conditioning, garbage pickup, police and fire protection -- you're going to be unhappy. As much as some people think govt is the problem, we'll find quickly how indispensible govt services are to the lives we lead.
You support the military you say? They won't get paid. How will they get home? You think the airlines are going to run with no banks or police? I think the air traffic controllers work for the government if I'm not mistaken. Pretty sure the airports are government-run. Trains, bridges, tunnels.
You think Iran and North Korea aren't watching? Might be an interesting time for them to do something.
Sometimes being scared is correct. This is one of those times.
The moment when the US tosses its cards in the air.