Wednesday, May 27, 2009

Faber Predicts hyperinflation in US.

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

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.

Posted by flintster1994 @ 03:39 PM (1841 views)
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14 thoughts on “Faber Predicts hyperinflation in US.

  • Longtermview says:

    Tosh.

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  • little professor says:

    Just another VI. He resides in Thailand and owns a stockbrockers in Hong Kong and has a vested interest in seeing the asian currencies rise against the dollar.

    I don’t disagree with the premise that the US will eventually face high or hyper-inflation, but got no interest in hearing this shill spew his spiel.

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  • This guy has engineered panic before, the question is can he do it now?

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  • No suprises here!

    More a case of when. I have a hunch that food/$ will be a problem. That would make some sense and support my long held view.

    I also have a hunch that the deflationist’s will be along shortly. So I’m out!

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  • gone-to-colombia says:

    Pure bs. If the US ever got to the level of inflation that Zimbabwe has the western world relly would b in a mess, and not what we now witness.
    The fact is that Zimbabwe uses the US dollar because its own dollar suffered 50 million percent inflation.

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  • Just another VI. He resides in Thailand and owns a stockbrockers in Hong Kong and has a vested interest in seeing the asian currencies rise against the dollar.

    I don’t disagree with the premise that the US will eventually face high or hyper-inflation, but got no interest in hearing this shill spew his spiel.

    interesting way to disagree….

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  • One word……

    YUAN!!!!!!!!! Stanger things have happened.

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  • stillthinking says:

    Well, but he is right on interest rates. The UK is in the same position. How could the BoE ever get “ahead of the curve” with inflation? Personally, I don’t see any wage spiral but certainly true, the UK cannot raise interest rates. Impossible.
    If the base rate went to even anything above 6/7% neither government nor debtors could handle it. Currency controls, heavy hand of the state would be first. Look at ongoing repossessions, indebted company collapse, credit card to secured charging orders at 0.5% !

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  • Total Rubbish. What caused hyperinflation in Zimbabwe? Sanctions, Aid Cuts, Assets frozen… Covert Activity? ’94 Mugabe was knighted by Queen…. today the villian. Read Confessions of an Economic Hitman; or look up Chile in 1972 (history repeats).

    ‘Some observers attribute Zimbabwe’s economic difficulties to sanctions imposed by the Western powers.’ (Wikipedia).

    From 1980 – 1996 Zimbabwe’s economy performed well… then the British Government renegade’d on the Lancaster House Agreement. Land Reform doesn’t cause hyperinflation. Unfortunately economic warfare can!

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  • the UK cannot raise interest rates. Impossible.
    If the base rate went to even anything above 6/7% neither government nor debtors could handle it. Currency controls, heavy hand of the state would be first. Look at ongoing repossessions, indebted company collapse, credit card to secured charging orders at 0.5% !

    Of course they can raise interest rates…the long term average is probably about 10%…..the only thing in the way is Gordon Brown….that is why it is absoutely vital he is ”removed”.

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  • Dollar still dropping.

    10% + down on most currencies since March.

    Their problems have not even started!

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  • 9. hpwatcher

    The long term average is probably about 6-7%. Are you trying to give our Gordon a heart attack! : )

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  • The long term average is probably about 6-7%. Are you trying to give our Gordon a heart attack! : )

    I think you may have uncovered my little game there……

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