IMF Warning of Global Inflation: Money Losing Value. Expert Says ‘US Will Be Hit First’
The IMF issued a report about inflation that warned of devaluation and drastic price increases. Dimitri Speck, a financial analyst in Munich, says that the world has never had such a high debt as now that it cannot be paid off through payments, but through inflation or taking people's private savings. He further stated that the US will be hit first, as it is the world's leading currency. He said that inflation is used to wage wars, stimulate the economy in the short run, and to prevent banking crises.
