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What will happen if the U.S. hits the debt ceiling?

A number of things are going to happen if this becomes the situation we find ourselves.

I am going to mention one that may be a possibility whether or not we hit the debt ceiling or not.

Our seniors are going to receive their social security check one day late.

This may not seem like much to many of you, but it means the world to those waiting on that paycheck to pay their bills on time

Yes, it's the accumulative effect of bills being pushed back even one day that has a profound effect on liquidity provided for a monetary system. If you think we are beyond bank failures, you will need to think again for June.

Companies depend on these seniors to pay their bills on time. If they don't, it is a disruption in their service that can be provided to all of us.

Now, let's look at the numbers. Those collecting social security checks make up 30% of our nation. This means that one in three people you meet collects some form of social security to live.

On June 1st, 2023, 1/3 of our nation's potential for operating costs will be set back one day.

This will affect liquidity on the market, liquidity in our banks, liquidity in our companies, liquidity for employees, and the list goes on and on.

To make matters worse, this is only one spending cut of many that will come on June 1st.

At that point, hard decisions will have to be made until a tipping point reaches a consensus.

We have to reset our economy to new prices on goods and services. Purchasing power will be elevated due to gold and silver rising to make up the difference on pegged currencies.

These shifts will be gradually at first, and then, begin to create a society much different than we know now.

All we can do at this point, is wait on the decision that is made.

Just so you know, these articles share how we hit the debt ceiling in January, but we have been borrowing money from Peter to pay Paul.

If we raise the debt ceiling, there will be other consequences such as inflation already out of control.

There are no good choices out there beyond a reset of an entire global economy. It's just a matter of time.

All roads lead to gold.

© Goldilocks

https://www.cnn.com/2023/05/24/politics/social-security-debt-ceiling/index.html

https://www.nbcnews.com/news/amp/rcna86071

https://www.cbsnews.com/news/social-security-debt-ceiling-breach-what-happens-to-payments/#aoh=16850521921217&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fsocial-security-debt-ceiling-breach-what-happens-to-payments%2F

https://www.zippia.com/advice/social-security-statistics/#:~:text=What%20percentage%20of%20the%20U.S.,%2C%20disabled%20individuals%2C%20and%20survivors.

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listen to this... 😳

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listen to this... 😳
Bible In A Year // Day 154 // Proverbs 10-12 & Psalm 149
6.2.25: NO Joe Biden, Watch the NEWS! False Flags, No Name, SCOTUS ruling for TRUMP! Ukraine, Pray!
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Bible In A Year // Day 153 // Proverbs 7-9 & Psalm 148
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THE LEGEND OF THE FAWN & FABLE
BY FEMACOLA

nee upon a time, a fawn found herself lost while searching for mushrooms in the enchanted forest. As the shadows of the mighty oaks grew long all around her, she knew the night would soon fall. Her legs shivered in the mountain air, her stomach growled with hunger, and she felt fear creeping up her tail.

She whispered to herself, "Please, a single acorn to eat and a warm pile of leaves for a bed.

That's all I ask." As she spoke, a tear fell from her eye, glinting in the day's last light as it landed on the forest floor.

The trees themselves heard her plea. Honoring their pledge to serve any pure-hearted creature of the forest, they summoned their ancient mountain magic. Where the tiny doe's tear had fallen, an oak shoot rose and began to reach upward. The fawn watched in amazement as a grand transformation began. The tender sprout grew and grew, not into an oak, but into a majestic castle of rich wood and gleaming gold. Roots wrapped around roots, forming a doorway and a split staircase that welcomed the fawn to step forward.

After crossing the threshold, she was greeted by the most beautiful place she had ever seen.

Rich tapestries hung from every wall, and soft pillows covered every surface. A fire crackled gently in a stately fireplace, warming her to the bone. Best of all, a long table was piled high with fine foodstuffs beyond her imagination... not just because she had only ever eaten grasses, acorns, and leaves. The intoxicating smell of roasted meat, hearty vegetables, and refreshing libations drew her irresistibly to the banquet.

She dipped her muzzle into a tureen of soup, and as she lapped it up, an incredible transformation came over her as well.

Within moments, she changed from a tiny fawn into a lionhearted princess. From that day, she vowed to rule over the forest with compassion and joy. All were welcome to share the warm beds of her castle and the fine fare of her table. She named her banquet hall Fawn & Fable so she would never forget her roots and the responsibility she bore for all guests who came to her mountain home.

~ from the menu at fawn & fable at nemacolin

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