Inflation To Hit 9% THIS YEAR?: Steve Hanke

Currency expert and highly respected John Hopkins economist Dr Steve Hanke warns that inflation will continue to rise aggressively through the rest of 2021, so high that it will eventually cause corporate profit margins to fall and thus trigger a painful market correction.

The current fiat incarnation of the US dollar just turned 50 this week.

A week where America just retreated in ignominy from its longest war ever, the two decade invasion of Afghanistan. If the fiat US dollar is largely backed by the might of America’s military machine, will the failure to suppress the Taliban after 20 years of attempt, weaken the world’s confidence in the dollar?

Inflation is rising fast and further currency devaluation by the further $trillions of stimulus being considered by world legislatures looks assured.

“Don’t worry about the recent & substantial spike higher inflation”, we’re being told.
“It’s only ‘temporary'”, they’re telling us.

Respected economist Dr Steve Hanke disagrees. He warns that inflation may keep rising — all the way up to 9% this year.

And as it does, he sees it strangling economic growth and dragging stock prices down — undoing much of the recovery seen over the past year.

Steve Hanke is professor of applied economics at the Johns Hopkins University in Baltimore, Maryland. He advises many heads of State throughout Asia, Europe, South America and the Middle East, and was a senior economist on President Reagan’s Council of Economic Advisors back in the 1980s.

The interview then continues in Part 2, where Steve provides his preferred investments and recommended portfolio strategy for the future he sees coming, as well as his outlook on hard assets, gold & cryptocurrency.

WATCH PART 2 (https://youtu.be/OPL3nlD8jwE) & then SCHEDULE YOUR FREE PORTFOLIO REVIEW at https://www.wealthion.com/

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