Fed’s Biggest Rate Cut in Years; Here’s Why it Will Wreck the Economy

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"There's a possibility that we may need a currency alternative to the dollar, because the central banking system is trying to make it collapse," says Todd Bubba Horwitz, founder and CEO of Bubba Trading. In an interview with Daniela Cambone, he criticizes the Fed for its irresponsible actions of printing money to stimulate the economy. "If you recognize the definition of a Ponzi scheme, you create new money to satisfy old debt, which is what we've done." He also comments that people are spending more than they make, making the case for the precarious situation with consumer debt hitting record highs. Horwitz maintains his bullish outlook on gold and silver, predicting the precious metals to go higher this year.