Inflation Predicted

These comments were made way back on 9 April 2020, during the first lockdown. A video of the interview is in YouTube. At around 3 minutes:

“If you think that you can rely on your savings for your old age – think again. We’ve been there before. In the early seventies, we had the oil crisis. Most countries went into spending huge amounts of money. That is precisely what we are doing now. So, this fifty-billion-here, fifty-billion-there must be paid somehow. The usual way is with rampant inflation and no growth.”