In April, I pared back my equity holdings expecting another crash as economic conditions worsened. There are only 3 options to get out of this conundrum:

1) Collapse due to Solvency Issues (i.e. default on debt payments) - continue to spend money like a pimp with a week to live without QE and ZIRP, and then default being unable to make debt payments
2) Austerity - Raise taxes and cut spending in the name of fiscal responsibility--> depression. In extreme conditions, this almost always leads to civil war and revolution
3) Soft Economic Collapse -> continue to spend money like a pimp with a week to live WITH more and more QE and ZIRP, and then continue to pay borrowers back with "no issue." We have the printing press and 70% of transactions are in USD. Most of those are backed by legal contracts.

Option 3 is everything that is being signaled. It's also the most likely the way I see it. If the US loses a war to China and they force austerity, that would really suck.

I have 3% of my portfolio in BTC. The rest is in companies that are doing really well and my basis in them is really low. I changed A LOT in May, from value focused investing to Growth at a reasonable price (those are the things that have done best for me).