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<ul class="list-ic vertical"> 
 <li> 1 <a>Robert Kiyosaki, the author of Rich Dad Poor Dad warned the US of crash lending.&nbsp;</a> </li> 
 <li> 2 <a>The US economy is to behold huge turbulence after the credit rating downturn, done by Fitch Ratings.&nbsp;</a> </li> 
</ul> 
Fitch Ratings, an American credit rating agency, downgraded the US credit rating from AAA to AA+ on Tuesday, 1 August 2023. The action is the first sign of endangerment brewing in the US financial market and has the potential to stir the economy. A famous author, Robert Kiyosaki warned the US of a crash landing and considered Fitch’s action as the first shoe to economic decline.&nbsp; 
But, why did he say so? Why are the US credit ratings declining? Let’s try to resolve the puzzle.&nbsp; 
<h2 class="wp-block-heading" id="strong-why-are-us-credit-ratings-declining-strong">Why are US Credit Ratings Declining?</h2> 
Fitch Ratings, a credit rating agency well known for being a frequent economic doomsayer suddenly dropped the US credit rating. The agency shifted the credit rating of the US from AAA to AA+, which resulted in a sharp decline in stocks. AAA stands for the lowest expectation of default risk whereas AA+ denotes a position offered to countries with low expectations of default risk. The agency took the respective action along with stating the reason behind the same.&nbsp; 
According to Fitch, the agency has major doubts about the government’s capabilities to handle the growing debt challenges. The move is simply because of the US’s assumed fiscal deterioration over the upcoming years along with the legislative bodies quickly booming the debt burden.&nbsp; 
<h2 class="wp-block-heading" id="strong-the-warning-of-robert-kiyosaki-strong">The Warning of Robert Kiyosaki&nbsp;</h2> 
The decision of the Fitch Rating agency sparked the US economy and resulted in a sharp sell-off in stocks. The situation also grasped the attention of many of the leaders and strong personalities towards the US economy. Robert Kiyosaki, the author of <a href="https://www.thecoinrepublic.com/2022/10/03/author-of-rich-dad-poor-dad-calls-bitcoin-a-buying-opportunity/" rel="noopener noreferrer nofollow">Rich Dad Poor Dad,</a> expressed his concern over the situation stating that the US economy is in danger. “First Shoe to decline, brace for a crash landing”, stated Robert Kiyosaki.&nbsp; 
The drop in US credit rating is just the beginning of a crash landing and bad news for the big corporations, the Fed, and the Treasury.&nbsp;&nbsp; 
Also, he warned the US about the significant downturn in 2021 stating, the situation denotes a sign of a stock market downturn and simply heating the potential of the US economy adversely.&nbsp; 
“It is a warning of the upcoming disaster and I urge followers to invest in Bitcoin (BTC), silver, and gold as stock prices tumble”, advised Robert Kiyosaki. 
This week, the famous author said that the US economy is performing well and is about to break America. He also made predictions for enhanced bank failures in the upcoming years, blaming Joe Biden and the Federal Reserve for the situation. In addition, he anticipated that the introduction of a common currency by the BRICS nations will degrade the value of the US dollar in the marketplace.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
<h4 class="wp-block-heading">Conclusion</h4> 
The decline in the rating of US credit from AAA to AA+ shocked the US economy and a sharp decline in stocks is observed. The doubt about the potential of the US government in terms of debt challenges is the main reason behind the rating decline. Robert Kiyosaki stated that the situation was the first step to the US economy decline and suggested that individuals invest in gold, silver, and BTC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

US Credit Rating Drop, Robert Kiyosaki Warns of Crash Landing

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Thecoinrepublic.com

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