United States Credit Rating Downgraded Because Of ‘Overspending’

The decision by Fitch Ratings to downgrade America’s long-term foreign-currency-issuer default rating this week should be a “wake-up call.” Here’s Why On Tuesday, a rating agency downgraded U.S. credit for the second time in the nation’s history, sounding an alarm with implications for the economy and everyday people’s finances if U.S. debt continues to grow. This elicited swift condemnation from Biden administration officials who said … Continue reading United States Credit Rating Downgraded Because Of ‘Overspending’

Federal Reserve On Brink of Bankruptcy?

According to Financial expert George Gammon, the Federal Reserve is on the brink of bankruptcy. Federal Reserve Money Problems Financial expert George Gammon says that the Federal Reserve has been “selling assets at a loss, and this, combined with increasing interest rates, will only make matters worse.” He also warns that an accounting gimmick called deferred assets makes it seem like the Fed isn’t insolvent, … Continue reading Federal Reserve On Brink of Bankruptcy?