Hyperinflation? Back to the 70s?
Credit Crunch, The Economy, Real Estate October 1st, 2009
That is what Jim Rogers said on CNBC:
The US faces high inflation because of the weak dollar and the Federal Reserve’s policy of printing money to counter the effects of the crisis, legendary investor Jim Rogers told CNBC Thursday.
“There’s no question the US is vulnerable to hyperinflation down the road or certainly the inflation we saw in the 1970s, I would expect that to come back in the foreseeable future, certainly in the next few years,” he said.
