U.S. Inflation to Approach Zimbabwe Level
 

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
http://www.bloomberg.com/apps/news?p...TFA&refer=home

the dude has been wrong with most of his predictions.

next.

TTiger you are probably reading a lot of jsmineset ?
Jim got tons of links and reasons why gold should be worth more and dollar less :2 cents:

I'm reluctant to take any so called "expert" investor's opinion on anything. Most of it is either wishful thinking or attempting to manipulate the market to their advantage.

These motherfuckers use the media to affect the price of the commodities that they trade. Faber is well known for short selling US Bonds and Treasury Notes. He isn't a US citizen (he is swedish) and resides in Thailand. He specializing in investing in metals and is pushing metals in his Bloomberg interview. I have learned to take what these people say with a grain of salt because it is a PROVEN FACT that they use the media to manipulate the market.

:2 cents: :thumbsup

you hit the nail on the head

Anything is possible but that's pretty fucking unlikely. You'd have to be a moron to believe it

"They" should also include the president of the United States.

People still believe we're seeing inflation right now?

:thumbsup

I read once business mags sold better when bad news was on the front cover. Something to think about.

The Faber was more spot on then 95% of analysts during this crises, while Rogers was mostly wrong.
however I dont see Zimbwave too.

hyperinflation?? Come on! hyperinflation is 300% per year, like we had in the 80s :)

you don't have to be an economic genius to realize this is impossible for the Dollar.


On 27 November 2007, the chief statistician of the Central Statistical Office, Moffat Nyoni, announced that it would be impossible to calculate the inflation rate of the dollar any further. This was due to the lack of availability of basic goods, and subsequent lack of information from which to calculate the inflation rate; plus, most computers had an insufficient number of digits and software. The International Monetary Fund has stated that inflation is predicted to rise to 100,000% per annum.

On 14 February 2008, the Central Statistical Office announced that the inflation rate for December 2007 was 66,212.3%, and the unofficial exchange rate was Z$7.1 million to the US$1.

On 20 February 2008, the Central Statistical Office said that officially, inflation has in January 2008 gone past the 100,000% mark to 100,580.2%.

On 4 April 2008, the Financial Gazette (FinGaz) reported that officially, inflation in February 2008 jumped to 164,900.3%.

On 15 May 2008, the Zimbabwe Independent reported that officially, inflation in March 2008 jumped to 355,000%.

On 21 May 2008, SW Radio Africa reported that, according to an independent financial assessment inflation in May 2008 jumped to 1,063,572.6%. The state statistical service has said there are not enough goods in the shortage-stricken shops to calculate any new (official) figures.

On 26 June 2008, the Zimbabwe Independent reported that, latest figures from the Central Statistical Offices (CSO) showed that annual inflation rose by 7,336,000 percentage points to 9,030,000% by June 20 and was set to end the month at well above 10,500,000%