,
“Caveat emptor”
(Latin for “Let the buyer beware”)
In light of Moody’s Investors Service lowering the U.S. credit-rating outlook to negative and warning that “fiscal deficits will remain very large,” we would like to remind you of our February 2019 article “Caveat Emptor: Why Investors Need to Do Due Diligence on U.S. Treasury and Related Securities.” We urge that people should:
“Look under the carpet and reevaluate the nature of the federal credit.” ~ Catherine Austin Fitts
Caveat Emptor: Why Investors Need to Do Due Diligence on U.S. Treasury and Related Securities
Related Reading:
Moody’s Changes U.S. Credit Outlook to ‘Negative’ (New York Times, Nov. 20, 2023)