The Federal Reserve is buying junk bonds to keep business in business, causing a new global crisis. This is desperate action and building up a massive debt. This is the third economic crash this century. The corporate debt is so large, that they are zombie companies, which are technically bankrupt.
Professor Richard Wolff joins Thom Hartmann to discuss that the Fed is printing money at an alarming rate. Business are going out of business as they can’t service their debt – but the news cycle isn’t picking up on that.
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