Read more on this subject: Inflation
News Story Source: https://www.zerohedge.com, Via SchiffGold.com
Hyperinflation is coming.
Responding to comments, Jack tweeted "It will happen in the US soon, and so the world."
It's pretty clear that inflation will run hotter longer than the mainstream anticipated just a few months ago. The CPI came in higher than expected yet again in September. Year on year, the CPI was 5.4% last month. It was the fifth consecutive month that year over year inflation came in above 5%. And the rate rises to 6.5% if we project the inflation levels of the first 9 months of 2021 to the entire calendar year. This is based on government numbers. Keep in mind the methodology to derive CPI was deliberately designed to understate the true increase in the cost of living.
Even Federal Reserve Chairman Jerome Powell has been forced to admit that inflation isn't looking so transitory. On the same day that Dorsey warned of hyperinflation, Powell conceded that inflation pressures "are likely to last longer than previously exp
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