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Saturday, May 30, 2009

Marc Faber sees hyperinflation ahead

“The problem with government debt growing so much,” says famous investor and economic commentator Marc Faber, “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.

“I am 100% sure that the U.S. will go into hyperinflation,” he added, the sort that will be “close to” Zimbabwe-style price insanity.
--from Agora Financial's "Five Minute Forecast".

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