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Is It Time To Start Talking About Hyperinflation?

The following video is brought to you courtesy of the Epic Economist YouTube Channel. Click the video below to watch it now.

Over the past year, our leaders have engaged in the biggest borrowing and spending binge in history. They’ve created a huge mess and our economy has started to fall apart. The US inflation rate is so high right now that it feels like our great nation is rapidly becoming a third-world economy. But they keep insisting that all of this will soon go away. Anyone with the slightest shred of common sense can realize that things have started to spin out of control and all of this is going to end badly. Economists have been warning about this for years, and now several famous personalities of Wall Street are sounding the alarm as well. But considering how far things have gone, we don’t need any sort of “expert” to truly understand what is really going on. We’re seeing every day at the stores, at the gas pump, in our monthly bills. The cost of everything is simply skyrocketing. Sadly, things are about to get even worse.
In a recent tweetstorm, Twitter co-founder Jack Dorsey warned his followers that more chaos is coming. He weighed in on rampant inflation in the U.S., saying things are going to escalate quickly. “Hyperinflation is going to change everything,” Dorsey wrote. “It’s happening”. It’s one thing to call for rising inflation, but what surprised most people was the fact that Dorsey used the word hyperinflation, a phenomenon of rapidly rising prices that can collapse currencies and bring down entire economies. Many didn’t understand what led Dorsey to make statements like these, some suggested that he was being an alarmist, but the truth is that the cold, hard numbers do not lie. For instance, if we take a look at the Federal Reserve website, we can see that our money supply has been rising at an exponential rate. In one year, the Federal Reserve and the federal government have created, borrowed, and spent trillions of dollars, and now this massive pile of artificial money is creating severe imbalances in our economy.
Those who are criticizing these reckless measures are not the crazy ones. The ones that unleashed this extraordinary amount of liquidity into our system are the ones to blame. Expanding the money supply like there was no tomorrow is what drove inflation levels to where they are now. And Americans are already witnessing acute price increases in every corner of our nation. Prices are going up everywhere you look, but unfortunately, more sticker shock is right around the corner. Recently, several companies that produce the goods we consume announced a new round of price increases is coming. They’ve been struggling with higher costs for raw materials, and they don’t expect the situation to improve any time soon. At this point, we have too many dollars chasing too few goods and services, and as a result, what we get are extensive shortages and absurd price hikes. In a recent interview with Fox Business, billionaire supermarket owner John Catsimatidis alerted that US consumers will be shocked to see the coming food price increases.
“I see food prices going up tremendously,” he said. “CEOs want to be ahead of the curve and the way they’re doing it is they’re dropping all promotions. They are dropping low-moving items. I see over 10% price increase in the next 60 days,” he added. You heard that right. 10 percent in 60 days. If that doesn’t scream “hyperinflation” to you, what does it? Similarly, in an interview with CNBC, billionaire Paul Tudor Jones explicitly said that inflation is here to stay and that it is now the single biggest threat to our society, as it risks pushing the markets and the economy down. Jones pointed that the trillions of dollars in fiscal and monetary stimulus was the catalyst for inflation to run hotter for longer. “Inflation can be much worse than what we fear. We have the demand side of the equation, and that is $3.5 trillion greater than what it normally would have just sitting in liquid deposits,” he explained.
This will result in the inevitable destruction of our currency. They will continue to enact unlimited printing policies until it reaches the intrinsic value of zero. Since the 1970s, the dollar has already lost 98 percent of its purchasing power, and there’s a mere 2% drop before it reaches zero. But the coming fall will be 100% from the current level. The value of our money is going to be destroyed in the next 5-10 years, that’s why personal wealth preservation is critical right now. If there’s something we could learn from history, is that every time a nation has started to recklessly create money, a tragedy always followed. Now, our tragedy is looming on the horizon, and a day of reckoning is fast approaching.

https://www.epiceconomist.com​”

Epic Economist

Epic Economist

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