Bloomberg reports that Moody’s downgraded San Fran’s credit rating to Aa1 from Aaa. This might trigger an avalanche of other downgrades from credit rating agencies in the weeks and or months ahead. Both S&P Global Ratings and Fitch Ratings maintain AAA grades as of Wednseday.
Analysts at Moody’s explained their decision for the downgrade:
“The sea change in office employment to a hybrid work model and reduction in commuting to the city’s office core have led to reduced economic activity, very high vacancy rates, and depressed rents.”
The credit rating downgrade is just the latest challenge facing Mayor London Breed, who recently had to close a $789 million deficit in a new two-year budget cycle. This downgrade will only make it more expensive for the city, plagued with violent crime and chaos because of failed progressive policies, to borrow in the municipal bond market.
This is the fentanyl bazaar in San Francisco where addicts get it cheap and the city does nothing to stop it, they actually encourage it by handing out paraphernalia to make it easier for addicts to use their newly acquired narcoticspic.twitter.com/z5U68FSfX1
— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) September 12, 2024
A 2022 report from the city’s top economist forecasted that persistently low office occupancy could cause the city to lose $200 million in property tax revenue by 2028. […]
— Read More: www.zerohedge.com
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
