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Stuck In Hell: Fed Creating A Cycle Of Crises It Then ‘Rescues’ Us From | Nomi Prins
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We increasingly live in a bifurcated world: there's the rich, who are doing just fine and then there's everybody else, who are increasingly just trying to hang on.
This is no accident, explains today's expert, Dr. Nomi Prins, Economist, Author of the new book Permanent Distortion: How The Financial Markets Abandoned The Real Economy Forever
She lays out how central planning policies -- sometime intentional and sometime incompetent -- directly laid the path to the extreme degree of wealth & social disparity we now suffer from today.
How did we get here? And do we have any credible hope for rectifying things?
For answers, we turn to Dr Prins.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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