So where would you put your money if the debt ceiling talks are going to fail?

[applegrove]

You can't buy real estate because that has tanked.

[sakabatou]

1. I have no money to put anywhere

[applegrove]

2. Neither do I. I'm still curious.

[TheDebbieDee]

6. I got nothing either!

[The Velveteen Ocelot]

3. The mattress, I guess.

I'd stay out of equities for awhile, at least.

[DURHAM D]

4. Tanked?

[some guy]

5. Not do anything different.

I have a 401K, I have some savings. It will either survive or it won't. I happen to not have any bonds, so if there is negative fallout, it will reach me indirectly, as far as I know.

At any rate, it's only fiat currency. If I'd ever had *good* ideas about what to do with money in a shitty economy, I'd have done that years ago.

[RaleighNCDUer]

7. What money? nt

[Fumesucker]

8. The same place I've been keeping it for the last four or five years..

My pocket.

[fredamae]

9. Will money be worth anything? n/t

[PSPS]

10. They won't fail

Believe me, this is all just theater to dismantle social security. The GOP is playing its role merely to provide political cover to obama while he does the dirty work, which he will then call "a necessary compromise." I mean, how many iterations of this does one require to recognize it? The same script was used for health care "reform," and extending the bush tax cuts.

[lunatica]

11. My paycheck goes into the bank and leaves when I pay my bills

Since I pay everything on the first of the month, by the second of the month I'm in the red.

[madville]

12. I buy real things these days

Beans, rice, guns, ammo, fuel, I'm not stockpiling for retirement anymore, just thinking about survival at this point. There really is no hope in it getting fixed.

[deaniac21]

13. I always put my money where my mouth is.

[Cleita]

14. Mattress? No interest but at least it might be safe

unless they start printing money and create inflation.

[dmallind]

15. Bonds

Bonds will tank in the initial panic. When a deal is inevitably reached they will recover. Same as equities a couple years ago. Why people insist on pulling money out in panics I have no idea, but I am willing to help them if they insist.

[Blue-Jay]

16. Glenn said that I should buy gold!

When the zombies come knocking on the door, I'll just give them a gold coin and they'll move on to the next house.

[jwirr]

17. In the 60-70s we asked the same question. Many of us thought that

putting our money in land was the answer. It may still be the answer. I also think that house is not a bad deal if you think of it as a place to live or rent. It has to have another purpose that investment to make it work.