
Is Hyper-Inflation Coming to the United States?
Fatoumata Doumbia
Description
<p><span style="font-weight: 400;">On today’s episode of the Forever Cash Podcast, I’m going to answer a question that’s on a lot of people’s minds right now:</span> <strong>is hyper-inflation something we need to be worried about in the near future?</strong><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">I don’t have a crystal ball, but I do have an extensive background in economics and finance, and I’m absolutely passionate about it. I’m constantly putting myself in a position to figure out what the market is thinking. So let’s dive in!</span></p> <p><strong>What Happens When You Keep Printing Money</strong></p> <p><span style="font-weight: 400;">A large number of people right now think that hyper-inflation is inevitable. Others are saying, “America is good. We’ll be fine. We’ve always been fine.” But one thing we can all agree on is this: inflation is coming, one way or the other.</span></p> <p><span style="font-weight: 400;">Here’s the deal. You can’t expect to constantly print money without inflation happening in the near future. Now, the question is: will it be hyper-inflation or more like the 1970s where we had what we call a “stagflation?” A stagflation is where interest rates go up, prices go up, people don’t have money, and we have stagnation and inflation together.</span></p> <p><strong>Let Me Take You Back to Germany</strong></p> <p><span style="font-weight: 400;">Most of you know I’m an immigrant from Germany. In the 1920s, Germany started World War I, lost WWI, and then Peace Accords were held in Versailles. The other countries forced Germany to pay huge amounts of reparations. We’re talking the equivalent of trillions of dollars in today’s money. As a result, Germany started to sell off everything they could—their reserves of gold, whatever buildings were left standing, but it wasn’t enough. </span></p> <p><span style="font-weight: 400;">So, they decided to just print more money. At first, the other countries didn’t notice. The population didn’t notice. But then they
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Is Hyper-Inflation Coming to the United States?
Fatoumata Doumbia