Bloomberg reports that Moody’s downgraded San Fran’s credit rating to Aa1 from Aaa. This might trigger an avalanche of other downgrades from credit rating agencies in the weeks and or months ahead. Both S&P Global Ratings and Fitch Ratings maintain AAA grades as of Wednseday.
Analysts at Moody’s explained their decision for the downgrade:
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The Importance of Prayer: How a Christian Gold Company Stands Out by Defending Americans’ Retirement
“The sea change in office employment to a hybrid work model and reduction in commuting to the city’s office core have led to reduced economic activity, very high vacancy rates, and depressed rents.”
The credit rating downgrade is just the latest challenge facing Mayor London Breed, who recently had to close a $789 million deficit in a new two-year budget cycle. This downgrade will only make it more expensive for the city, plagued with violent crime and chaos because of failed progressive policies, to borrow in the municipal bond market.
This is the fentanyl bazaar in San Francisco where addicts get it cheap and the city does nothing to stop it, they actually encourage it by handing out paraphernalia to make it easier for addicts to use their newly acquired narcoticspic.twitter.com/z5U68FSfX1
— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) September 12, 2024
A 2022 report from the city’s top economist forecasted that persistently low office occupancy could cause the city to lose $200 million in property tax revenue by 2028. […]
— Read More: www.zerohedge.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
You Can’t Get Blood Out of a Stone: U.S. Consumers Have Been Squeezed Bone Dry as the U.S. Economy Falters
by Michael Snyder
(The Economic Collapse Blog)—A recent survey discovered that 79 percent of Americans believe that the U.S. is on the wrong track right now. As a nation, we may not agree on much, but this is one thing that almost all of us can agree on. Needless to say, the economy is…
Does Donald Trump REALLY Have This Election “In the Bag”?
by JD Rucker
No. Stop it. Remember 2020. Remember the tens of millions of illegal aliens, 14% of whom are apparently registering to vote. Remember that while most states can report results in less than a day, for some reason battleground states like Pennsylvania and Georgia are incapable of reporting for days or…
Job Seekers Aged 60-78 Increase in Us Labor Market Over Past Year as Election Looms: LinkedIn
by The Post Millennial
More people aged 60 to 78 are looking for work in America this year compared to the previous year, The Telegraph reports. The escalating cost of living is requiring that aging baby boomers change their retirement plans and get back to work – especially with the presidential election on the…
The Supermarket Hustle: How Grocery Stores Are Tricking You Into Spending a Lot More and Eating Way Worse
by Wickedly News
Let’s be real: grocery stores aren’t here to graciously provide you with essential foodstuffs—they’re here to make money. And with razor-thin profit margins, they’ve mastered the art of squeezing just a little extra from your wallet. From the second you walk in, it’s like a perfectly choreographed performance of psychological…
Sununu: Kamala Harris’s Economic Message Is ‘Gaslighting,”Condescending’
by Breitbart
Governor Chris Sununu (R-NH) said Sunday on ABC’s “This Week” that Vice President Kamala Harris’s message on the economy was “condescending” and “gaslighting.” Host Martha Raddatz said, “He’s proposed 60% tariffs on China and this week suggested as high as 50% across-the-board tariffs on all other countries. Economists predict that…
Boeing Explores Asset Sales in Potential Shrinking of Corporate Footprint
by Tyler Durden, Zero Hedge
(Zero Hedge)—The Wall Street Journal reported Sunday morning that Boeing is mulling over asset sales to raise cash levels for its struggling business. On Saturday, Boeing and union heads reached a tentative labor contract agreement that could soon end the money-draining months-long labor strike, while early last week, the planemaker…
Trump Vows to Halve Americans’ Energy Bills if Elected
by Slay News
President Donald Trump has vowed to dramatically reduce the energy bills of the American people if he wins re-election in just over two weeks. During a recent town hall event, Trump made the bold claim that he could reduce energy bills by 50% within a year, The Federalist reported. Trump…
Kamala Harris Wants America to Have the World’s Highest Death Tax
by Hot Air
Here is something no one in the media is reporting as Vice President Kamala Harris continues to duck and weave like Muhammad Ali in the ring to avoid any questions about her economic plan. The American Business Defense Foundation reports that under the Harris tax plan, the number of Americans…
Bank of America Sees Gold Breaking $3,000 Sooner Rather Than Later
by Sponsored Post
Gold has recently experienced a remarkable resurgence, setting record highs and drawing renewed attention from both retail and institutional investors. This shift comes as traditional safe-haven assets are increasingly perceived to be under threat. Strategists at Bank of America suggest that investors, including central banks, should consider reallocating into gold…
Interest Payments Top Defense Spending for First Time in History — Thank You Kamala
by Issues & Insights
SUNNY HOSTIN: Would you have done something differently than President Biden during the past four years? KAMALA HARRIS: There is not a thing that comes to mind in terms of — and I’ve been a part of most of the decisions that have had impact. On Friday, the Treasury Department…
“Consumers Running Out of Money”: Former Target Exec Offers Dire Warning Ahead of Christmas
by Tyler Durden, Zero Hedge
(Zero Hedge)—US corporate media outlets continue to push propaganda that the economy thrives ahead of the presidential elections, cheerleading the most recent retail sales print. However, most Americans know MSM is full of ‘malarkey’ because inflation and interest rates force many to spend more but receive less. Many folks have…
