No More AAA Credit for the United States
What does it all mean? Well, this was the simplest summary I found.
“Like any borrower, as the US’ credit rating get’s worse, the cost to borrow money is more expensive, if it’s more expensive to borrow money, spending drops, when spending drops, more business lay off workers, as unemployment grows, the FED prints more money for entitlement programs, as the supply of paper money increases, the buying power of the dollar decreases and Gold and Silver go up in price.”
