Share your insights or perspective on the financial matter presented in the input.

If the U.S. defaults on its debt, what will happen to my bank money? 
I have been through default in Ukraine august 1998. That was a real nightmare. The financial system stopped working properly for 1 month, about 30% of businesses went bankrupt because of chain effect, significant inflation and devaluation of currency. So, it is better to be prepared, because this type of processes result in unpredictable situation.