ALL THREE AGENCIES AGREE.

Dear Reader,

One year ago, Moody’s stripped America of its last AAA credit rating.

The last one. Gone.

S&P downgraded in 2011. Fitch downgraded in 2023. Moody’s downgraded in May 2025. All three major agencies now officially agree: the United States government cannot be trusted to manage its own money.

Bloomberg ran it as a one-day story. Markets shrugged. Politicians pivoted to the next news cycle.

Washington’s response to being called broke? They borrowed two trillion more dollars.

In Today’s Issue:

• The credit downgrade every saver in America should read twice

• What $37 trillion in debt actually means for your purchasing power

• Why gold above $3,000 is not a trade. It is a verdict.

• Elon Musk predicts 1,000X. Here is the investment he is talking about.

Here is how Bloomberg covered the Moody’s downgrade: “Markets stabilize as investors weigh U.S. credit risk.”

“Markets stabilize.” That is the whole story to them.

I read it differently.

Three of the most conservative financial institutions on earth just put it in writing that the United States is no longer the gold standard of creditworthiness. And the stock market went back up in two days.

That is not stability. That is denial.

Here are the numbers they buried:

• The national debt was $33.6 trillion when S&P first downgraded in 2011. It is nearly $37 trillion today. Fifteen years. Three downgrades. The borrowing has not slowed.

• Congress passed legislation in 2025 that the Congressional Budget Office projected would add another $3.8 trillion over the next decade. Not to fix the problem. To make it larger.

• Moody’s own language: U.S. fiscal strength has “declined relative to its peers.” Peers. They are comparing America to Australia, Germany, Singapore. We are losing that comparison.

• Federal Reserve Chair Jerome Powell told Congress in May 2025 that we “may be entering a period in which supply shocks are more frequent and persistent.” The head of the Fed admitted the old playbook is broken.

• Gold is above $3,000 an ounce. When gold moves like that, it is not a commodity trade. It is the market calling out a lie.

I have been saying this for 30 years. Not because I enjoy being right. Because the math is not complicated.

You cannot borrow $2 trillion a year and call it strength. You cannot print money and call it wealth. You cannot give savers near-zero real returns and expect them to stay solvent.

The savers are the ones getting robbed. They always are at the end of a debt cycle.

There is one number buried in those Moody’s projections that most financial advisers will never show their clients. It changes the math on every dollar you think you are protecting in a savings account or bond fund. Here is what it means…

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…because a savings account paying 4.5% when real inflation runs closer to 7-8% is not savings. It is a slow bleed. You lose ground every year. The bank thanks you for it.

My poor dad believed in savings accounts and government bonds. He did everything right by the old rules. He spent his life putting money into a system quietly designed to take it from him.

My rich dad said something I have never forgotten: the government will never stop spending. The currency will never stop shrinking. The question is what are you holding when the music stops.

Rome debased its denarius in the third century AD. The Ottoman Empire devalued its currency to fund wars it could not win. Weimar Germany printed its way into wheelbarrows of cash that could not buy bread.

The pattern is always the same. The government always has a reason. The debt always gets larger. The currency always pays the price.

WHAT YOU CAN CONTROL:

• Gold and silver are real money. They have been for 5,000 years. That record does not lie.

• Real assets, productive businesses, royalties. Things that generate cash, not promises.

• The B and I quadrant. Stop trading your time for a paycheck while inflation eats what is left.

The Moody’s downgrade is not a warning about the future. It is a report card on the last 15 years. The grade is failing.

Get out of paper. Get into real.

Pigs get fat. Hogs get slaughtered. And savers who keep everything in dollars while all three agencies agree that dollar is being mismanaged? They are the hogs.

To your freedom,

Robert Kiyosaki

P.S. If you want to know exactly which assets protect against a declining dollar and a broken bond market, my team has put together a specific income strategy. It has nothing to do with savings accounts or government bonds. It generates real cash from real assets, month after month. Click here to see the Patriot Income Plan.