Is the United States about to go through hyper-inflation?
The Bank of America recently unveiled a stunner during its earnings call that suggested the nation is in store for “transitory hyperinflation.”
The financial institution wrote:
“On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, ‘transitory’ hyper-inflation ahead.”
When even the Wall Street titans are sounding not just inflation but hyperinflation, it is time to hang onto your gold, bitcoin, barrels of oil, and soup cans.
It is going to be a bumpy year.
But remember: there is no inflation if you don’t eat, live under a roof, seek medical care, or wear clothing.
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