THE GREAT AWAKENING 1776

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(Reuters) -"Scope Ratings on Friday placed the United States of America's AA long-term issuer and senior unsecured debt ratings in local and foreign currency under review for a possible downgrade due to longer run risks associated with the misuse of the debt ceiling instrument."

Unsecured Debt means indebtedness for borrowed money is not supported by a guarantee, letter of credit or other form of credit enhancement.

This is another reason the US has to finish their digital/currency reforms and move away from a fiat system to some form of gold standard.

This matter is inside an urgent status at this point where the danger of a lower credit rating will soon be applied to both local and foreign currency statuses that will affect exchange rate policies.

And then, we still have a debt ceiling crisis that does not make the matters any better.

For this reason and others,. We are witnessing a transition into a gold backed economy currently being standardized through reforms that will lead us into a gold standard set of protocols for the banking and market sectors.

© Goldilocks

https://gazette.com/news/us-world/scope-ratings-places-us-credit-ratings-under-review-for-possible-downgrade/article_95667a3e-a17a-554c-ae00-a88114e02063.html