Jack Dorsey, one of the co-founders of Twitter, frightened everyone (more or less all humanity) accustomed to the modern system with his morning tweets. Expressing that hyperinflation is on the way for the USA, Dorsey stated that the whole world is next.
Hyperinflation is a term that can be used to describe the increase in inflation in our country, although it is not currently in Turkey. However, in real hyperinflation, the situations are several times more dire, and recently, an estimate came from a name who often comes to the fore with his economic and sectoral statements.
Twitter CEO Jack Dorsey announced his depressing inflation forecast on his Twitter account. Hyperinflation is on the way Expressing that, Dorsey claimed that the situation will occur first in the USA and then all over the world.
Jack Dorsey: “Hyperinflation will change everything”
Twitter CEO Jack Dorsey darkened the morning with tweets from his own Twitter account. to the tweet thread “Hyperinflation will change everything. It’s happening.” Dorsey, who started with his statements, received a response from Nigerian entrepreneur Tayo Oviosu. of Oviosu “Yes, we live in Nigeria with this situation ingrained in our mental models. Inflation is currently 16%” Dorsey, who sent another tweet after the tweet he used his expressions, was as follows:
“This will happen soon in the United States. So then all over the world.”
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What is hyperinflation?
Hyperinflation is a term used to describe situations where inflation reaches extreme levels. In general 50% per month It is used to express the ongoing inflation increases. This situation, also called galloping inflation, is also used in cases of 200% increase per year. The most prominent reason is excessive monetary expansion.