Central Banks Worldwide Raise Interest Rates

A significant number of central banks worldwide have recently increased interest rates. In the US, interest rates have reached levels comparable to those during the global financial crisis. The current rate hike has been more rapid compared to previous periods, leading to concerns about higher debt levels and the presence of asset bubbles. The removal of fuel, such as raising interest rates, can destabilize the system and potentially result in the failure of banks and other institutions.

Watch more of this short video from Michael Pento: Liquidity Crunch To Usher In A Hard Landing Later This Year.

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