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Steven Hull
NBC News
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Comments by "Steven Hull" (@stevenhull5025) on "What The Federal Reserve’s Interest Rate Hike Could Mean For The Economy" video.
Payback time I'm afraid. All ponzi schemes break down eventually. Quantitive easing by the Federal Reserve and central banks since 2009 has flooded trillions of dollars of worthless paper currency into the world's economy. The consequences are debased currencies, soaring inflation and rising prices. Decades of borrowing both individual and corporate has led to our economies being driven solely by debt. The can being kicked down the road for so long has now reached the end with nowhere else to go. The blame game will now begin. The war in Ukraine being No.1. Maybe living beyond our means and burdening ourselves with debt for decades has caused more damage to the economy than Putin could ever do.
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