You Won’t Believe How Much Inflation Is Predicted To Rise

This is truly jaw dropping.

During a recent interview with CNBC’s Squawk Box, hedge fund manager Kyle Bass predicted that the US inflation rate will jump to an astronomical 12 percent!

During his interview, Bass stated, “When you look at the inflation numbers, these are chain-weighted inflation numbers. These are numbers that are designed to be artificially be low. If you look at a non-chain-weighted index of inflation, we think it’s running about 12 percent, and with short term interest rates still at zero, that means people who have money in the bank, in their savings, are losing 5 to 12 percent of their purchasing power annually. We have 34 percent more money in the US system than we did 14 months ago. Of course we’re going to have inflation and it’s going to be significant.”

Do you think Biden can stop inflation solve this big problem? Share your thoughts in the comments below…