U.S. Inflation to Approach Zimbabwe Level, Faber Says

I do not see the US (or other countries) prepared to do what they should be doing. The political leaders do not have the will, and given what we have seen in the UK and US, the leaders can not be trusted to do what is right. I have to agree with Marc Faber to an extent.....there is lots of inflation risks. The bond markets and currency markets are agreeing.
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May 27 (Bloomberg) -- The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.

Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.

“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”