As organizations like the IMF and the UN warn that this is the worst economic crisis since the Great Depression, the US central bank has once again decided to pump trillions of dollars into the economy.

RT’s Boom Bust talks to the CEO of Transformity Research, Tobin Smith, who has been sounding the alarm lately, saying that the economic downturn in the United States is not due to the coronavirus pandemic.

“Let’s bear in mind that up until eight days ago we were in a free fall and then the Fed put the United States on its back and it really put the world on its back. It basically said that the world is too big to fail,” Smith says.

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