MOODYS DOWN GRADE of US DEBT: Q: What does a Moody’s Downgrade mean? A: It means Moodys, a credit rating agency, is warning the world the US is like a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family. Q: What else does a Moodys down grade mean? A: A Moodys downgrade will probably mean higher interest rates which means a US in recession, which means the economy will slow, unemployment will climb, bond market, housing market, and weak banks may fail….which may mean 1929 Depression. Q: What should people do? A: As I have been saying….I predicted this in my 2013 book Rich Dad’s Prophecy. I have always recommended people become entrepreneurs, at least a side hustle, and not need job security. Then invest in income producing real estate, in a crash, which provides steady Cashflow. I also recommended saving real gold and silver and today Bitcoin. The good news is….in a market crash becoming an entrepreneur may become easier, real estate becomes cheaper….as a crash opens up opportunities… not available in a strong economy. FYI: a depression can be the best time to become rich….if you open your eyes and start seeing the through the eyes of an entrepreneur….rather than an employee clinging to job security, steady paycheck and a crashing 401k. As Orison Madden states: “Weak men wait for opportunities. Strong men make them.” Take care. Good luck.