Friday, May 29, 2009

Article: "U.S. Inflation to Approach Zimbabwe Level, Faber Says"

The link: http://www.bloomberg.com/apps/news?pid=20603037&sid=avgZDYM6mTFA&refer=home

The hellish prediction: " “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.” "

You can't imagine the vitriol I got in my email box the last time I mentioned hyperinflation, that it could actually happen in the U.S. Here are those links:

http://gregb1967.blogspot.com/2009/02/thats-impossible.html

http://gregb1967.blogspot.com/2009/01/bernanke-two-step.html

http://gregb1967.blogspot.com/2008/11/seen-scene-in-starwars-galaxies.html

http://gregb1967.blogspot.com/2008/10/play-hooky-on-election-day-obamessiah.html

http://gregb1967.blogspot.com/2008/10/obamabiden-marxist-hyperinflation.html

And now, noted investor Marc Faber has said it. It could be coming. Just remember - you heard it here first.

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