Fitch Downgrades U.S. Credit, Will Speed up the Death of the Dollar: Celente
The White House rejected Fitch’s decision outright because it ruins the bullshit propaganda that “Bidenomics” is working for the average American
After holding a AAA credit rating for decades – the highest possible – the U.S. saw its rating downgraded by Fitch Ratings to AA+, prompting a series of critical comments from government officials and other notable executives.
Gerald Celente warned his followers not to buy the bullshit. He said people will still buy up Treasuries, but the Fitch downgrade signals the “beginning of the end” of the U.S. dollar.
“And the death of the dollar is going to come when they [Federal Reserve] lowers interest rates,” he said.
Celente said much of the world is tired of, not only the U.S. geopolitical hegemony, but also the economic hegemony…”and this is just the beginning of the end.”