Financial Expert Warns Hyperinflation Just Months Away
by: Tara Dodrill
October 15, 2013
Hyperinflation and a financial collapse may be merely months away in the United States, according to a financial consultant and Columbia University professor.
Bottom Line Training and Consulting Founder and CEO David Buckner says that although the United States has not yet experienced hyperinflation, such an economic disaster could be just around the corner. Buckner is also a Columbia University professor and the author of the book, Permission to Think. The fiscal guru believes that by October of 2014 or January of 2015, interest rates will increase sharply and kick off a dire domino effect in the economy.
When the topic of hyperinflation is discussed, countries like Greece, Bolivia, and Zimbabwe come to mind – not America. The economic collapse in Germany’s Weimar Republic during the 1920s resulted in Marks losing their value rapidly as panic set in due to hyperinflation.
According to Buckner, hyperinflation has never happened in the United States because a “certain kind of layering” would first have to occur.
Buckner’s “Layering Recipe for Hyperinflation”