For years financial planners have been lying to their “chumps” a.k.a. “clients” that “US bonds are safe.”
Only a chump would believe that BS.
Lesson: Nothing is safe if there is “counter party-risk.”
Stupid example of counter party risk: would you let a convicted pedafile baby-sit your kids, if his parole officer said, “He served his time.”
Since 1971 the FED and US Treasury have been printing fake fiat money, a.k.a US Bonds covering up for criminal enterprises, a.k.a. “The Swamp” that Trump and Elon are exposing via DOGE.
If your financial planner had you drink the “US Bonds are safe,” Kool Aide I would fire or sue them for malpractice and stupidity.
As JP Morgan said years ago, “Gold is money…everything else is toilet paper.”
As you know I have been a broken record pleading with people to buy real gold, silver, and Bitcoin….no ETFs. ETFs are more expensive toilet paper.
When Moodys down graded US toilette paper… I feel vindicated. Cental banks are dumping US bonds to buy gold, and no one wants to buy more US toilet paper.
America is in serious trouble.
Thank you for following my redundant X’s or Tweets. It’s not rocket science….unless you have a financial planner who is paid to sell you US toilet paper.
Gold, silver and Bitcoin are money. Everything else is toilet paper.
That is why I have been saying…for years….”Savers (of toilet paper) are losers.”
A: It means Moodys, a credit rating agency, is warning the world the US is like a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family.
Q: What else does a Moodys down grade mean?
A: A Moodys downgrade will probably mean higher interest rates which means a US in recession, which means the economy will slow, unemployment will climb, bond market, housing market, and weak banks may fail….which may mean 1929 Depression.
Q: What should people do?
A: As I have been saying….I predicted this in my 2013 book Rich Dad’s Prophecy.
I have always recommended people become entrepreneurs, at least a side hustle, and not need job security. Then invest in income producing real estate, in a crash, which provides steady Cashflow.
I also recommended saving real gold and silver and today Bitcoin.
The good news is….in a market crash becoming an entrepreneur may become easier, real estate becomes cheaper….as a crash opens up opportunities… not available in a strong economy.
FYI: a depression can be the best time to become rich….if you open your eyes and start seeing the through the eyes of an entrepreneur….rather than an employee clinging to job security, steady paycheck and a crashing 401k.
As Orison Madden states: “Weak men wait for opportunities. Strong men make them.”
In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital Management.
In 2008 the Cental Banks got together to bail out Wall Street.
In 2025, long time friend, Jim Rickards is asking who is going to bail out the Central Banks?
In other words each crisis gets bigger because they never solve the problem….a problem which started in 1971 when Nixon took the US Dollar off the gold standard.
According to Jim Rickards the next crisis will be triggered by the collapse of $1.6 trillion in student loan debt.
As I have been warning for years the best way to protect your self is not by saving fake fiat money. As I stated over 25-years ago, in Rich Dad Poor Dad, “The rich don’t work for money” and “Savers are losers.”
For most people the best way to protect yourself is by bailing yourself out.
You bail you and your family out by saving real gold, silver, and Bitcoin…. No ETFs.
The crash I warned about in Rich Dads Prophecy in 2012 has begun.
If Jim Rickards is correct in asking: “Who will bail out the Central Banks, like the Fed….a more important question is: “Who will bail you out?”
Please take care… bail yourself out…by saving real gold, silver, and Bitcoin.