You don’t need me to tell you that inflation is beating Americans to a pulp. The cost of everything is higher than what it has been in any recent time.

I can’t tell you how many people I’ve seen compare their groceries from last year to what they get now by spending the same amount of money. More often than not, people are getting about half the amount of groceries that they got last year for the same amount of money spent.

But you know that it’s not just food; it’s gas and practically anything that you want to buy.

We were all worried about inflation when they were voting on printing trillions of dollars and saturating our economy with it. Well, everyone except for the Democrats. They just don’t care.

People were also worried about stagflation which can be really bad as well. But one hedge fund is warning of something that is far worse than either inflation or stagflation. The hedge fund warns that we are on the path towards hyperinflation and that the consequences could be catastrophic.

The Epoch Times reported,

Florida-based hedge fund Elliott Management recently warned clients in a letter obtained by media outlets that the world is “on the path to hyperinflation” and a financial crisis so severe that it could even lead to societal collapse.

The letter, as reported by the Financial Times and Business Insider, urged clients to remain vigilant as the global economy and financial markets face “extremely challenging” circumstances in which investors will find it hard to turn a profit.

Elliott, which is one of the world’s biggest hedge funds, with some $56 billion in assets under management, warned of “frightening and seriously negative possibilities” on the horizon while putting much of the blame for the looming crisis on ultra-loose central bank policies.

The letter said that central bankers had been “dishonest” about the causes of high inflation now gripping many countries when policymakers blamed price spikes on supply-chain dislocations rather than the pandemic-era flood of easy money.

Reinforcing the view that the current bout of inflation wasn’t a supply-side phenomenon, a team of economists found in a recent study that around 60 percent of inflation in the United States was caused by a stimulus-fueled surge in demand, though supply-chain bottlenecks made it worse.