If anybody out there is running a business, a small business, or even looking to find a way to grow their business through venture capital,

you can expect it's going to be quite a bit more difficult now to secure outside money at all for your business endeavors.

If you've been looking at buying home, you can again expect the purchasing power of your dollar to go down as the interest rates go up.

This is all but guaranteed right now with this announcement from U.S. credit was just downgraded by Fitch Rating Company.

Now, Fitch is a credit rating company that's American-owned.

It's actually held by a larger parent company, and it has a fantastic reputation.

Now, the White House and multiple members, senior members of U.S. government are calling this

downgrade everything from arbitrary to unwarranted to unprecedented.

And the truth is, it's none of those things.

Now, Fitch, as early as 2022, was already warning the U.S. economy and the U.S. policymakers that it was willing to downgrade

our rating from AAA to A-A-A-plus, which is not a large downgrade, but it is a symbolic

downgrade. Now, despite those warnings, we continued to see U.S. policymakers continue to push that brinksmanship

politics that have been driving Americans crazy for multiple years now. The crisis with debt

ceilings, the constant last minute approval of budgets, these are behaviors that in you and me

as credit-bearing individuals, our credit cards wouldn't accept.

No bank would accept us calling in on the day a bill is due to tell them that we just need a few

extra days to think about whether or not we're going to pay it.

It's ridiculous.

It actually shows you are not a reliable credit-holding individual. So why would our government think that doing the

same kind of behavior at senior government levels is going to be something that the American

people or that credit ratings accept? Now, the reason that this move is not unprecedented is because

in 2013, Standard and Poor, the third largest credit rating in the

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