I am very confident that Congress will not vote to increase the debt ceiling and we will indeed default. So what investments (or short positions) could one make in order to make money off of this? Plenty of people made money off the bursting of the tech bubble and the housing bubble. Its unfortunate that our leaders can't agree, but surely there's a way for us to make some money if we make bold investments now.
Technically speaking, we are already in default, as we are merely issuing more debt to pay off existing debt. As to how to profit, simply short the dollar, an actual default will mean the dollar's value plummets and one would make the difference in your buying price and the sellers price. Dollar drops 10% you make a 10% profit. Or simply study George Soros's modus operandi to get a better feel for how that will work.
IF they default, sink ur money in Gold in the short term.... or buy pork bellies.....just sell them before the market makes you take possession of them...you dont want a bushel of PB's on your doorstep in Louisana GH.......
