S&P Downgrade Shows U.S. Debt Crisis Could Have Dire Consequences

The latest development in the U.S. debt crisis came yesterday (Monday) when Standard & Poor's finally downgraded its outlook for U.S. debt to "negative," from "stable." That's right: Of the 17 countries that S&P has rated AAA , the United States is the only sovereign that carries with it a negative outlook. This merely confirms what we've been saying all along about the complete lack of fiscal discipline on display in Washington - and it has potentially dire implications for the U.S. economy. Fortunately, as an investor, there are steps you can take to safeguard yourself against the abhorrent fiscal and monetary policy that has resulted in this U.S. debt crisis. I'll get to that later - but first, let's examine how we got to this point... To find out how to protect yourself from the U.S. debt crisis, please read on....