Hyperinflation is defined when the inflation rate hits 1,000%.
This happens when:
(1) an increase in money supply not supported by economic growth, which increases inflation
(2) a demand-pull inflation, in which demand outstrips supply.
Biden printing $2 trillion, and then another $4 trillion, and then another planned $4 trillion by the end of the year, injecting it into the money supply during a time of negative economic growth.
Plus a demand-pull inflation, which outstrips supply, which we already seeing. Lots of materials are already in short supply, especially construction materials.
How long until America sees hyperinflation happen?
This shit is no fucking joke. I was just little guy in the 70's but its seared into my memory. Nothing we can do to stop it. Now its just how bad will it be? Biden already set us up to have oil shortages. Pray the Dollar isn't undermined
Once it was no longer backed by gold (as mandated in the constitution- no amendment, mind you. Fucking Nixon)