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Gregory Mannarino-Deflation First then Massive Inflation

from USA Watchdog:

On timing of the dollar’s demise, Gregory Mannarino of TradersChoice.net says, “Money velocity is the speed money moves through the system. Once we begin to see the money velocity start to pick up, we’re going to have the $3.3 plus trillion, which the Federal Reserve has printed out of thin air since the crash of 2008. All those extra bills are going to start chasing the same amount of goods. You do not need to be a rocket scientist to figure out how this is going to play out. In my book, “The Politics of Money,” I say in the end stage, we would see deflation first and then massive inflation, and that plays exactly into what’s going on right now. . . . The U.S. dollar is on borrowed time, and I think there is going to be a terrible price to pay. . . . Watch for hyperinflation because it is a very real possibility.”

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