S&P Credit Rating Downgrade and American Expats

So far, the downgrade of the USA's credit rating seems to have caused the dollar to rise in value.

In the long term, the effect is still unknown.

If the stock market continues to plument, the Fed will likely start printing money again.

But printing money causes oil prices to rise which hurts growth. Growth is central to a caplitistic economy. Without growth, the economy will die.

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