As the US government pumped trillions of dollars into the economy in an attempt to mitigate the impact of Covid-19, the government aid is turning more and more firms into “zombies,” RT’s Keiser Report found out.
While some of the loans under the Paycheck Protection Program (PPP), enabled by the Fed’s loose monetary policy, have been fraudulently appropriated, there are signs that the funds also reached some smaller companies, Stacy Herbert noted in the latest episode of the Keiser Report. However, it is possible that those companies will not be able to function without those cash injections, according to Max Keiser.
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