You are right. It is too early to know, but that is why I’m asking for your best guess. Schiff is convinced we are heading for very high inflation and a real possibility of hyperinflation.
I think he is exaggerating the possibility of hyperinflation from what I can see the government doing at this time.
At the same time, Peter Schiff is a LOT more brilliant and knowledgeable and experienced than I am. So I refuse to fade him entirely.
So would your “2” be high single-digit inflation or low to midland double-digit inflation?
I agree completely with what Peter Schiff has said - it's just that you put Zimbabwe on one end of your scale, so I had to give a "2" because of that.
I wouldn't be surprised at all to see annual inflation easily get up past 20%, if not more. And that's 'real' inflation - not the bogus numbers that our government lies to you about.