Learn to buy anonymous Bitcoin:https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoinIn this video, I discuss the Fitch US debt downgrade, and what it means for the future of the US dollar as global reserve currency, as well as its purchasing power.Will the US do a hard default on its debt (i.e. fail pay interest or principal)?No-- because it doesn't need to. The Fed can print up new money to buy new US debt, which can then be used to pay down old debt ("rolling the debt").The US will continue the soft default that it has been in since at least 1971, when Nixon closed the gold window. Purchasing power of USD against real goods and services will continue to plummet.Unlike US Treasuries and US dollars, Bitcoin has:1) Zero counter-party risk2) Zero debasement riskBitcoin is a scarce digital bearer asset, not the liability of a spendthrift, geriatric government.Not investment advice! Consult a financial advisor. Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA':https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023Rule by walking caskets:https://twitter.com/CarlBMenger/status/1685744725494554624https://twitter.com/Not_the_Bee/status/1687534729136898052US Treasury announces huge new borrowing:https://home.treasury.gov/news/press-releases/jy1662Yellen pretends not to understand:https://twitter.com/kanekoathegreat/status/1686957234172080129Yellen's failed financial predictions:https://www.usnews.com/news/articles/2017-06-27/janet-yellen-i-dont-see-a-financial-crisis-in-our-lifetimesUS debt clock:https://www.usdebtclock.org/Watch the Fed's balance sheet grow:https://fred.stlouisfed.org/series/WALCLThomas Jefferson on money and banking:https://www.whitlockco.com/thomas-jeffersons-top-10-quotes-on-money-and-banking/I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #debt #usa Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=0YHHCxSsVT8