Moody’s downgrade the credit rating of the United States of America
 

Holly crap Batman, if the USA can’t have a AAA credit rating then what entity possibly can. Can’t say I’m surprised, $36 trillion in debt and pushing for another $4 trillion in additional debt limit. Actually, I’m surprised it took this long for Moody’s to finally wake up to reality, Standard and Poor’s downgraded the US debt rating about 14 years ago. This national debt thing is totally unstable and will eventually be the downfall of our once great nation. Not good for our children and grandkids : (

borrowing money at higher interest rates ... when does it stop?

5% to 10% in GOLD should help your portfolio.

The USD will weaken, which is a goal of certain economic strategies which favors the tiny mfg export sector and penalize the remaining domestic import products sector, inflation will have a higher increasing floor.. . just remember, the real rate of interest is the key. . . and the 30 year TIPS yield have a 20 plus years high. Maybe buy some european assets such as $IEUR, $EZU, $VGK which will benefit from the exchange rate trends

Lots of third world behaviors appearing in places where it should't be. . . because of cognitive dissonance in some people. .

But yea, it's all about free social security income and the DOGE mirage. .

Alrighty then....Time to buy RMB, Yen, and Euros...LOL.
I suspect China will be the financial capital of the world but not for at least 5 years.

Nickel crammers can stick their money in Europe and Asia, I would stick with our country anytime. If I go broke, I'll live off the European nickel crammers. Why not, so many have learned to live off the largess of others that I guess it would be my turn.

At a certain income level, I fully advocate no Social Security taxes. I'm seeing those living at the lower end of income levels struggling in their senior years. No SS taxes on a couple earning $75, 000. or less and on a single senior with income of $50,000. or less.

Yep. And dump your bonds, especially the ones with long durations.

According to this page and this page:

Depending on the sources of income, the levels for no taxes on SS income are something like $50,000 and $35,000. (there would still be taxes on the non-SS income but none on the SS income)

If the only income was SS then there would be no taxes (except for couples who both receive $3,000/month)

So it's close to what you would like to see.

China will only be the financial capital of the world if US investors and supporters provide the base. Invest in our country and focus on the USA with your cash, China would never win. It's all in our hands and pay down the debt.

Oh Boy.....................here comes the emotional investors.

:throwtomatoes:

Stocks are up, Bond ylds are down. Sounds good to me.

You're right and thank you for doing the research. Now they need to cut a little deeper for senior breaks. I believe there are plenty of people living in The Villages scratching to make ends meet, especially if they have been on SS wages based on wages 20 years ago. The inflation is no joke for them and even if it's not increasing anymore, very few of the newest prices and costs will change for them.

Dependant on the start date that you measure from. The art of broker jargon.

Speaking about the day of the announcement.

"Big announcement" and it was a Nothing Burger.

I expect the global financial system to collapse. In Europe, they allowed interest rates to go negative and required 70% of pension investments to be in government bonds. There have been plans made for a global reset, but the "own nothing and be happy" plan does not appeal to me.

The promise to exempt social security benefits from income taxes will turn out to be a sham with plenty of ifs, ands and buts.

It’s getting close to the point where they will have to borrow money just to be able to pay the interest on the money already borrowed. Very unsubstantial in the long run. The dollar is going down in value, long term rates are creeping up, foreign entities are selling our debt, ratings downgrades, and raising gold prices are some of the signs trouble is ahead.