We're F'd | *Yikes* MASSIVE DOWNGRADE, Debt Crisis, and Gov't SHUTDOWN!

oh boy buckle up for the next week and

coupon expiration tonight but buckle up

for this because Moody's just downgraded

us they warned this might happen on

September 25th saying that while quote

Debt Service payments would not be

impacted and a short-lived government

shutdown would be unlikely to affect or

disrupt the economy it would underscore

the weakness of us institutional and

governance strength relative to other

AAA rated Nations no bueno here this is

a big slap in the face to America coming

right ahead of a budget negotiation

which I'll give you updates on in this

video boy oh boy this is not looking

good here's the Scoop from Moody so

Moody's today turned from neutral on the

United States government and economy to

negative they're citing National fiscal

strength in plain English Moody's is

like

this yo everyone listen up the

government printed too much money they

spent way too much money they got lots

of debts that got to be paid off we

don't think Congress is going to be

capable of doing anything until

2025 and over the next year somebody's

going to have to pay for these higher

interest rate debts because as your

treasuries roll over guess what the

government's got to pay more money in

debt and as they pay more money More

Money More Problems more bills more

problems more like it but anyway that's

quite literally the translation of what

they said more formally an analyst from

Moody's who was interviewed just seconds

ago it just came across the tape here

said

quote the recent bond selloff in the

treasury market that is bonds falling

yields going up did not impact the

decision instead the expectation that

the government's going to have to

support higher debt payments because of

higher rates next year are what impacted

the decision Plus polariz around the

budget making process they think

basically Congress is going to be

dysfunctional and very extreme until the

election and since nothing actually

changes at the election because you have

to get through the lame duck session

through November and December guess what

you have to wait until January

2025 before you actually expect anything

gets done and because they think our

debt is so extreme and affordability is

so extreme right now they are

downgrading us for at least they say the

next 18 to 24 months now in practice

because this just occurred postmarket

here we can see some of the Market's

reaction relatively muted in post uh

postmarket trading hours uh but uh

treasury yields did pop a little bit on

this I think the big question will be

how Treasures move going into Monday as

people digest this and as we get our

budget from Mike Johnson so remember

Mike Johnson just became the Speaker of

the House the last dude who offered a

clean funding resolution to fund the

government got fired yeah that was

McCarthy okay so now we have Mr Mike

Johnson no plan yet though we expect to

hear a plan release from n Mike Johnson

either today or tomorrow and since today

is basically well it's already like you

know 7: p.m. eastern time probably

tomorrow Mike Johnson so far says he is

less interested in focusing on

impeaching Joe Biden however we do have

just one week less left to focus on this

budget resolution uh there are a lot of

people that are somewhat frustrated

about Johnson that he's not focused on

impeaching Biden others say he's just

focused on getting this budget done

first and then quite frankly we can

worry about the elections next year

there are three options and right now

Mike Johnson's plan is to have something

to vote on by Wednesday of next week so

a plan revealed this weekend people can

read it or they probably won't and then

it could be voted on Wednesday there are

three options they could go with a stop

Gap bill which is basically just kick

the can down the road to some

predetermined date they can go with

option number two which is throwing in a

stop got bill which is kicking the can

down the road and then throwing in some

sweeteners for things they want like

border security that doesn't have

bipartisan support option number one

does have bipartisan support and option

number three would be kind of splitting

the government's funding up into what

they're calling a laded approach which

is like we'll fund this but not that

it's kind of a way to try to negotiate

with the Dems uh keep this in mind that

Joe Biden is requesting 106 billion

dollar for aid for Taiwan Israel and

Ukraine Republicans have said we'll give

you not6 billion how about $14 billion

to Israel and then we're also going to

cut funding to the

IRS so that's where we stand right now

in a situation where financial

institutions are going y'all freak

idiots are just costing yourself more

money we are going to downgrade you for

that and at the same time you got people

on the left going we need to send more

money and then you got people on the

right who say we also need to send more

money but we want to send it our way and

we're going to debate about it then you

have other people on the right who say

stop sending more money then you have

other people on the left who are like no

send even more money it's just a

disaster we have no idea what's going to

happen but let's buckle up because this

is the kind of uncertainty that leads

the stock market to pull back however

and historically we usually tend to get

through these periods of uncertainty and

they tend to be nothing other than

buying opportunities but then again

buying opportunities are only good to

the extent that you actually have money

to buy stuff with and if you do find

that you have an extra under $100 check

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Kevin thank you so much for watching

this video appreciate yall and we'll see

you in the next one goodbye why not

advertising these things that you told

us here I feel like nobody else knows

about this we'll we'll try a little

advertising and see how it goes

congratulations man you have done so

much people love you people look up to

you Kevin PA there financial analyst and

YouTuber meet Kevin always great to get

your

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