it has provided to help the economy that critics say have stoked the inflation run.
In addition to overseeing a social media platform that has 206 million active daily users, Dorsey is a strong bitcoin advocate. He has said that Square, the debit and credit card processing platform that Dorsey co-founded, is looking at getting into mining the cryptocurrency. Square also owns some bitcoin and facilitates trading in it.
Responding to user comments, Dorsey added Friday that he sees the inflation problem escalating around the globe. "It will happen in the US soon, and so the world," he tweeted. Dorsey is currently both the CEO of
Let's hope you're wrong.
Yet many have burried their heads in the sand.
This guy only eats like three or four times a week.
🥺
…he needs to do the research. All that happens is velocity declines, thereby offsetting inflation…he has the money, he needs to hire people who know what they’re talking about - he doesn’t (clearly)
That's 50% a month, does Dorsey really understand what hyperinflation means?
I've been foretelling of hyper-inflation for years. Obvious! America lives with 'heads in the sand'. Hmm, climate change? 1970 I spoke of it too - Obvious then also! --Foresight = Logic = Simple--
This is true...everything around me costs more...cause by wrong policies..?
So what actions has he taken? All his wealth in in gold now?
It’s because of Billionaire playboys people!! Not the geniuses in Government! 🥴
I remember having a 17.7% CD and STILL fretting how much I was losing to inflation.
why do you look like a jedi jack Star Wars XXII Return of Investment
This similar on the truth especially when look at bitcoin. Up-down, up-down, up-down, .....
BidenIsAFailure
Still waiting to pay $10 for a slice of bread. Doom Doom Doom!!!! Keep spreading your doom! It will age very well I promise. 😜
Wow. Is jack an economist? Is he Janet fucking yellin? No
Close. Inflation is not the problem. Inequality is. financeandeconomy monetarypolicy
remember you all get vaccinated and wear a mask when needed and be a part of the solution and not the problem
I wonder what he knows Curious.
We all liked working from home 😊
True… we already see it!
And the good book, the bible says in the end of days you can throw your money in the streets because it's value will mean nothing. Ppl open your eyes and ears to the only truth that matters. The honest words of your/our creator and his son our beloved Jesus Christ.
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Nonsense. Inflation may go up *a bit* as it always eventually does, and then it will plateau or decline. That we will have 'hyperinflation' is an illogical prediction.
The definition of hyperinflation is a monthly inflation rate over 50%, or 13,000% annual inflation. Unless Dorsey is clairvoyant, his prediction of U.S. inflation becoming 'hyper' is hard to...Square. Dorsey square
The federal reserve note is not lawful currency for living people of the United States of America. As more people wake up and come back to life, the breaking point will come as well and the federal reserve note will be gone with the wind.
We was energy independent now we are dependent on others once again, supply shortages, rising inflation, civil unrest and unrest communities. It is time the media tells the truth and stop hiding or pretending everything Biden is doing is ok. Cause it's not okwhat is happening.
RIP Fiat.
What is up with up he acts like he is on some good stuff
Well that's what happens when you hide the Hunter Biden story to influence the U.S. election.
It real B0NUS_SHlBA⚙✅ I Got 200 000 000 000 SHIBA coins after sending 20 000 000 000. Thank you very much ))
I wasn’t aware that Dorsey was now an economist. Where did he get his masters degree in macro - economics..Is he now working with the Fed board of Presidents to review and advise on economic policy? Another self professed jack….ss. Who believes what he says has relevancy.
1. Jack is maybe off his rocker a bit. 2. If hyperinflation happens, truly happens, it ain't going to pan out the way Jack thinks. His Bitcoin won't mean shit.
You allowed Biden to win, now you know how wrong you and Zuckerberg are…the US middle class and the poor are going to get the brunt of inflation, hope you both are happy..biggest FUnever
Soon? Its here.
Maybe if he and his cronies didn’t block critical campaign facts during the 2020 election we might not be in this predicament
the internets are coming for Jack
YeH because he's an economic mastermind 🙈
NO SHIT!!! I knew it was coming the day BiteMe Stole the election!! What do you expect when: 1) Shut down oil export and explor 2) Throw mandates on business 3) Pay people for not working 4) Push ridiculous regulations 5) Spend trillions $$ we don't have!
Bitcoin is the only solution to this
The inevitable fiat endgame.
i do believe the current economic system is dangerously playing with fire. the is a definite risk today, it is a worry.
🤔
Let’s go Brandon!
Says the bitcoin promoter🤣
You can’t even have breakfast anymore ,
Ita a bitcoin pump. Cnbc should know all about that
Here too I would guess
The CEO of Square probably knows more than you about what things cost just sayin
High inflation that will have severe consequences and damage our economy greatly, yes. Hyperinflation? No chance in the US.
Nothing learned from history. How the Roman empire collapsed. Hyperinflation. Bitcoin
Wait .....is this ponytail dude an economic specialist...? I will wait
No peoblem for us for Turkey we already living with that hyper think:)
Hopefully a hair cut will happen for Jack. Looking a wee unkept
Hyperinflation? he is crazy
looks like an extra in the movie Braveheart.
No shit... we all saw it on Twitter yesterday. Little late to the news party
MackAttackXRP He becomes public nr 1 enemy United States it looks like
God help us and the world. We need solutions not gripes and complaints. Give some doable answers to the problem people, let's go.
🤡
Is this the same guy?
SPARTA / BNB 👀
magic internet frog money is the answer just ask all the printers following $spell and $ice danielesesta
MackAttackXRP Totally agree. Crypto can serve as a hedge
camezg
Is it just me or does this photo look like jack is sporting a new pony tail 😂
The well known economist
20% last year. Go ahead ramble on and explain how this is not real or what I think it is. You people are about to get crushed if you don't wake up.
Clickbait... I would have thought better of CNBC. Does it occur to anyone that Dorsey's hyperbole is simply targeted at driving investment in bitcoin as a hedge against the fears he tries to stoke? ReverseMusk
If it happen that because of the low interest rates and weak supply chains
Yea, its what you get when you vote communist!
This dude just looks absurd. Who cast him in this tech emperor role? George Lucas?
I thought that was Peter Dinklage Lmao!
Ok time to pack my bag with $XRP
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Name one case of hyperinflation in a functioning democracy .. Stress on ‘functioning’ .. A number of studies have been published and peer reviewed..For hyperinflation to occur state side, he would need to assume complete collapse of production capacity of the Republic.
Capo, aca tenemos 60% de inflacion anual desde hace 20 años. No se asusten
In South Africa, M2 money supply is growing annually at 12% over the last 10 years, and that's already a ball ache for us, hyper inflation is going to blind side a lot of people
Saddle up boys
jack this is a rather 'Days of Our Lives' photo of you. Never knew you were so photogenic! 🤣
What a bunch of lazy thinking
the comments in the tweet hurt my head
Inflation is all that has ever happened. I've never seen prices going down or stay stable for any length of time. Many think an inflation of population is a good thing. Economically that doesn't work out. Sooner or later inflation causes things to burst. That's just depressing.
Bitcoin
TwitterSupport jack ‘s tweet contains misinformation and was missing context per fact checking with the federalreserve. Please immediately suspend Jacks account. It’s important to control dangerous misinformation regardless of who is spreading it. 👀🙄 Wait, jack is immune?
I propose the country should start paying down it’s debt before interest rates start rising. So let’s push Senator Elizabeth Warren’s wealth tax to start paying down debt.
Buy $DWAC
It’s manageable. He is just a Bitcoin fanboy
Btc is answer to everything for him 😂
Saying this is literally treason. Take him away.
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Ianbins Beard, long hair and in the business of making prophecies..... Messiah/God complex perhaps?
CNBC posting a story of a tweet from Jack on Twitter is so meta
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nice look
JohnEDeaton1 Wow, he’s a effing genius.
Okay Dorsey why, what is the root of hyperinflation?
He needs to stop snorting bitcoins.
I think it’s already happening. My Prius went from costing $20 for filling the whole tank few months ago, to $40 a tank. WTF 😩
'Winter is coming.'
Lots of denial especially from asset holders (house, stocks) who are being enriched by inflation and feeling like it’s due to their great investments as opposed to fiat printing. Same thing happened in the Weimar Republic prior to the collapse of the German Mark. Bitcoin SoV!
ngmi
I always take my financial advice from someone who looks like a homeless guy hooked on fentanyl
It's ok, Jack can always Censor the Hyperinflation by banning it and anyone who mentions it.
Does bitcoin or Dogecoin fix this?
And because a white guy with a sad case of over-inflated self-worth says it, it must be true...just like when Jim Crammer pushes the magic 'buy,buy,buy' buttons?
then bitcoin will crash to zero.
Um...pretty sure it wasn't will it was is. It's already upon us unfortunately.
ETH
He should get banned from Twitter for spreading misinformation
Jack so smart to identify problem of hyperinflation but not so smart to identify solutions. Typical lefty.
Why are people ok with inflation? It’s here. It’s evident everywhere. It’s like a constrictor slowly suffocating our purchasing power.
That's the dwarf from GOT
The people in this comme t section are so I'll prepared for what's coming. Thank God I own bitcoin.
Its utterly shocking Crypto Bros don’t know what hyperinflation is.
Markets “are in complete denial,” Every said. “The vast majority are saying ‘it’ll be all good, she’ll be fine, don’t worry, it’s all priced in.’ No it isn’t, it absolutely isn’t.”😉Keep living in denial. Head buried in sand exclaiming: What me worry?😂🤣
Inflation seems unstoppable as economy returns to normal. Has his and others’ points been made succinctly clear? A debt of $30+ trillion cannot go unchecked. Austere measures and recession is inevitable in order to PAY IT or default. Either way — recession
I hope it happens to his stock! $TWTR 📈
And this. Still think what the rest of the civilised world and intelligent people already know. Or do you prefer the voice of those plying books on your shows with ERRONEOUS messages. Enough giving them breathing space. Trust in your own reportage.😉
What do you call this? All your shows are interested in doing is putting “pundits” that are plying their books with erroneous information. They’re as intelligent as a mosquito. Painting an inaccurate picture when you know the reality is DEPLORABLE. Recession & inflation are HERE
ya right...
And what do you call this? Hmmm?🤣
America thinks it can keep printing money & increasing M1 without ANY repercussions what economics have they been studying. Inflation by the way already started as reported by several of YOUR articles. Shall I quote them? 😉Though you have guests plying their books on your shows.
Wow.. what a comment!....You are danger person to say that... Maybe this is your dream that will happen here in the united states ....
Soon? Lol
It is a mathematical certainty. The titanic will founder.
Agree. But not world just America and those countries that increased trade with it. A burgeoning debt of $30+ trillion paid by printing money will only cause prices to increase and dollar to fall. Those nations trading largely with America will be hit. Those that don’t are safe.
It only benefits $BTC hodlers. Worthless dollar! then the printer goes Brrrrrrrrrrrr.
He said with glee
He should know - he and his chums helped create it with their political censorship
looked like HamillHimself for a sec
Can someone tell Jack we already neckdeep in it here in Nigeria?
turbomeisje I don't think that is necessary. But if you must, you must.
Crazy stuff, had no idea
$BTC is waiting for everybody!
JohnEDeaton1 You do know CNBC your time is limited with your masters narrative... just saying.
Soooo... Does anybody know if Jack is going through something? The look is getting wilder and wilder.
JohnEDeaton1 Thanks for the heads up !!!
Easy to predict tbh
No one seemed to care when Michael burry made these claims like 2 years ago. He was laughed at , banned from Twitter etc . Now jack dorsey claims hyperinflation and TWEETS ABOUT IT, oh the irony.
vanreanalyst Pumping his bags.
He voted for it
Jack Dorsey is now an economist? Take his hyperinflation forecast with a shaker of salt. Apart from the fact that he’s a crypto advocate, he doesn’t explain his views in detail. If it’s between a future of hyperinflation or deflation, I’ll choose the latter each and every time!
Why he is allowing official and unofficial taliban accounts on twitter? I thought taliban are terrorists and even facebook has removed them from its site. So why twitter is allowing terrorist taliban to tweet since years?
Yeah we know, but we can we talk about the hair?
JohnEDeaton1 why did he look like tyrion lannister for a quick second
Hyperinflation happens only when there is war/civil war/extreme loss of confidence etc. The major power are nowhere near that, inflation as in 5-10% is expectable, but NO hyperinflation!
JohnEDeaton1 No shit?
We ready! Tally is prepared!
Black Monday incoming 😎
JohnEDeaton1
He ain't wrong
Daddy Dorsey 😜😍🤪
Duh buy gold and silver … debtslaves
Nothing to see here.
laughingmantwit XRP is the Solution! ✌🏼😎✌🏼 … thank me later.
The less belief that inflation in the US is possible, the more likely hyperinflation will be.
He’s an economist now is he in addition to being a flake
Let’s go Brandon FJB
Also AMC GME SHINY OBJECTS ARE NICE BUT APESNOTLEAVING DIAMONDSAREFOREVER NOTFUCKINGSELLING SAVEAMERICANBUISNESS AVERAGEJOES Respect
This is why we Build Back Bitcoin
The last social media app for me to delete is twitter (fb/insta/snap all deleted) , soon Q1, 2022 and then ill be free from all this BS.
bitcoin while you still can.
jack knows what’s up
Bitcoin fixes this
I hope Jack Dorsey explodes.
😂
BitcoinRothbard someone must have hijacked twitter page... correct narrative: inflation is transitory
His face is certainly convincing.
What is hyperinflation
Time to add Shibainu 🚀🚀🚀
Crypto🤣🤡
Thought that was luke skywalker with a beard.
…while speaking at an alternative currency conference
Ya sure. After we colapse because you keep attacking the people who maintain it all. A hyperdeflate to sky rocket things your not paying for anyways
420ontology
Very similar on this. Especially when you look at the volatility of BTC......
Yet many are blinded by the plandemic, they can't see the bigger picture.
so is he gonna give me his $1 billion so i can fight it? lol
There’s a solution ceo guy— redistribution of wealth?
WallStJesus Does that guy have some type of experiential history or related demonstrable acumen that makes his opinion worth a shit? Does anyone want a traders opinion on social media business models?
It’s already here
Now he's an economist? 🤣😂👎🏾
WallStJesus So how to combat this jack? Bitcoin? Provide us mere humans a solution..
jack he did not know the definition of inflation until a few years ago. How come all of a sudden he portrays Keynes type of role…give me a break
Highly doubt it, most Americans will be broke as usual by early next yr.
Jack's next career move is the Fed Chair 😂😂😂
Shhh, all of you can just go back to sleep. We'll wake you up when it's time to make a run on the banks for those precious debt notes.
Didn’t seem too concerned about that when he pushed to put a socialist in office. Weird.
Trying to pump his ponziCoins to the clueless. The reality is, inflation is the easiest job of the Fed. The rates go up, party is over
He’s right you know
So he's an inflation expert?
this guy come for game of thrones?
Now I don't feel so bad with having my hair long. At least mine's super curly.
Delusion of grandeur much?
Yup , crypto is the future
Hyperinflation won't matter if everything's free. Duh.
JohnMelloy Everyone is an expert on everything.
Hyperinflation? is a term to describe rapid, excessive, out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per Month.
He is maybe on crazy and on crack :) ? Deflation
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