This is the first time in world history that I’m aware of where every government is doing the same thing, printing and spending huge amounts of money,” he said. “This has always led to inflation. Perhaps it’s different this time, but I doubt it. Some of the most dangerous words in the investment business are ‘it is different this time’. I expect a lot of inflation down the road.”
Hyper inflation always has occured in the past when large scale printing was attempted.
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