faber 100% sure of zimbabwe-style inflation

Faber: 100% Sure US Will Have Zimbabwe-Style Hyperinflation

More gloom from the always-cheerful Marc Faber.

Bloomberg: Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.

“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much 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.”

Extract from the full story, which is here