First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2023/08/04/us-debt-downgrade-points-to-more-currency-debasement-002788
<p><img src='https://www.moneymetals.com/uploads/content/youtube-thumbnail-mikegleason-social.jpg'/></p>Credit ratings agency Fitch this week issued a surprise downgrade of the U.S. government&#039;s once vaunted AAA credit rating. Recent political brinksmanship surrounding the debt ceiling helped prompt the move. But broader concerns about the size and sustainability of the national debt itself also figured into the downgrade.