Man Who Oversees $150 Billion Warns Of Hyperinflation

Tuesday, June 18, 2013
By Paul Martin

KingWorldNews.com
June 18, 2013

Today the man who oversees more than $150 billion warned King World News about the high likelihood of a coming great inflation, or worse yet the possibility of a hyperinflationary collapse. Rob Arnott, who has won an unprecedented six Graham & Dodd Awards and is also Chairman of Research Affiliates, also warned KWN about the dangers of what the Fed and other central planners are engaging in as they lead us into a reckless and potentially game-ending and destructive “Hyper-Keynes” policy.

Arnott: “The Fed has painted itself awfully far into a corner and there is no graceful way out. When you reach a point where talk of ‘tapering’ causes markets to tremble with fear, that’s not a good place to be because it means that you’ve really got the markets addicted to the newly printed money.

And the only way to get the markets attention is to give it more (freshly printed money). It’s just like a crack addiction. This is not healthy and doesn’t play out nicely, and you do have asset bubbles fueled by central bank profligacy all over the world. That also sows seeds of risk because as the Fed backs off from the quantitative easing you wind up creating risks of pretty sharp and adverse market reactions….

The Rest…HERE

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