The Impact of U.S. Credit Downgrade in the Economy – by Lynette Zang
8-8-2023
Recent downgrades in US credit ratings, from AAA to AA+, underscore the mounting debt crisis. These shifts affect interest rates and borrowing costs, highlighting the significance of managing national debt responsibly.
Amid economic uncertainty, tangible assets like gold and silver emerge as reliable safeguards against devaluing currencies and market fluctuations
. Diversifying with precious metals offers a defensive strategy against potential financial instability.
CHAPTERS:
0:00 Fitch Downgrade
7:34 Federal Debt& Debt Ceiling
11:04 $652 Billion in Debt
15:47 Fed’s Balance Sheet
18:29 Preparedness
