Hyperinflation Coming Soon (Jack Dorsey)

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In this video, I discuss Jack Dorsey's recent comments about hyperinflation coming to the US and spreading globally.

We could certainly see a prolonged period of high rates of inflation in the US, but I am skeptical that it turns into hyperinflation any time soon.

If we were actually to experience hyperinflation in the US, you could expect Bitcoin's price to roughly double every month.

The US needs a lot of inflation to bring debt/GDP levels back down to more normal levels around 50-70%.

If US debt is growing at 9% per year, you would need GDP growth to be higher than that in order to bring debt/GDP levels back into a more normal range.

Not investment advice! Consult a financial advisor.

Jack's hyperinflation tweet:
https://twitter.com/jack/status/1451733913961783299

Hyperinflation definition:
https://en.wikipedia.org/wiki/Hyperinflation

CPI inflation:
https://fred.stlouisfed.org/series/CPIAUCSL#0

PPI inflation:
https://www.bls.gov/news.release/ppi.nr0.htm

M2 money supply growth inflation:
https://fred.stlouisfed.org/series/M2SL#0

Non-exchange traded commodities melting up:
https://twitter.com/NatBullard/status/1448645430565351426

Commodity prices melting up:
https://twitter.com/charliebilello/status/1443775412581060609

Peter Thiel on Bitcoin as canary in coal mine:
https://twitter.com/Bitcoin/status/1451198461752184842

Zimbabwe stock market chart:
https://tradingeconomics.com/zimbabwe/stock-market

Turkey ATMs adding 000 key:
https://twitter.com/Galactic_Trader/status/1452090282057555973

US debt clock:
https://www.usdebtclock.org/

US total public debt:
https://fred.stlouisfed.org/series/GFDEBTN

US debt to GDP:
https://fred.stlouisfed.org/series/GFDEGDQ188S#0

US GDP chart:
https://fred.stlouisfed.org/series/GDP#0

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