Faber: I am 100 percent sure that the U.S. will go into hyperinflation

Doctor Doom lays it on the line.

(It would be interesting to hear what he thinks about the UK.)

UPDATE: Interesting post by Robert Wenzel, relating to Marc Faber's comments on US hyperinflation, on his EconomicPolicyJournal blog. In it he posits that the US is extremely vulnerable because of the dollar's status as the world reserve currency. For decades they have been exporting their inflation, by printing dollars, spending them on foreign goods, and then seeing those dollars being locked up inside the vaults of foreign central banks instead of being repatriated back to the US. But if confidence in the dollar collapses suddenly, even over a weekend, then there will be a rush to repatriate these reserves and spend those dollars back in the US, on all sorts of commodities, durable goods, and land, before the dollar becomes worthless. The US could become hyperinflative within weeks or months, rather than the several years it usually takes. Interesting. Check it out.

=> How Zimbabwe Type Hyperinflation Could Come to America
=> (Second related post) The Big Collapse Could Be Very Near

Hat tip to 'not an economist'