Printing cheap fiat money can only go so far before it all backfires and starts a crescendo of chaos worldwide.
Hedge-fund giant Elliott Management Corp. warned in a letter to investors to buckle up for the ride in the financial sector because times are going to get rough.
Firm heads Paul Singer and Jonathan Pollock said investors should not assume they have seen everything. The dynamic duo cautioned the most significant financial crisis since World War II could be headed to the forefront as hyperinflation rises to uncontrollable levels.
Sadly, the fiat pump has ended, making possible a set of outcomes at or beyond the limits of the post-WWII period. Translation: Dark financial times are coming.
Elliot Management Corp. reportedly maintains that the world is on course for significant hyperinflation, which could usher in “global societal collapse and civil or international strife.”
The letter added that markets could decline more than fifty percent when it happens, causing chaos.
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