White House Can't Contain It Any Longer; Twitter CEO Goes Public with 'Hyperinflation' Warning

A new voice added his blazing warning about the future of America’s economy as the Biden administration began a retreat from its predictions that inflation was a tiny blip on the radar of happiness.

Inflation has been hitting Americans since the summer, with prices rising on a wide range of goods.

Twitter CEO Jack Dorsey offered his dire two cents on Friday.

“Hyperinflation is going to change everything. It’s happening,” he wrote to his 6 million Twitter followers.

“It will happen in the US soon, and so the world,” he also wrote

CNBC defined hyperinflation as “a condition of rapidly rising prices that can ruin currencies and bring down whole economies.”

Hyperinflation has often used in modern discussions in connection with Venezuela.

A 2019 report from CNBC crystallized the impact of hyperinflation on that nation.

It said that at that time, Venezuela’s hyperinflation rate was 10 million percent, with hopes of declining below 1 million percent. The report said that in six years, the cumulative decline of the country’s economy was 65 percent...

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