* Twitter CEO Jack Dorsey warned that US could soon be struck by 'hyperinflation'
* When quizzed by a follower Dorsey replied that 'it will happen in the US soon'
* Comes after the consumer price index rose by a greater amount than predicted
The co-founder of Twitter has warned that 'hyperinflation' could soon hit the US and 'change everything'.
Jack Dorsey, 44, who is currently the CEO of both Twitter and Square - a mobile payment company - issued a warning about the rise of inflation in America over the weekend.
Taking to Twitter on Saturday, Dorsey wrote: 'Hyperinflation is going to change everything. It's happening.'
Read more ....
Update #1: Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world (CNBC)
Update #2: Twitter CEO Jack Dorsey believes hyperinflation is an impending threat to the US economy - and will change everything (Business Insider)
WNU Editor: The US Treasury Secretary (and others) have a different point of view .... Treasury Secretary Says US Not Losing Control Over Inflation As Twitter CEO Issues Dire Warning (Zero Hedge).
As to what is my take.
I am not a fan of Twitter and Square CEO Jack Dorsey. But I do know that he is in the "know" and is one of "the elite", and that he is on top of economic and business trends. His warnings are a red flag that we all should pay attention to.
