Hedge fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’

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“Investors should not assume they have ‘seen everything’”

That was from executives at leading hedge fund Elliott Management, who warned that the world is heading towards the worst financial crisis since World War II.

In a letter sent to investors, and seen by the Financial Times, the Florida-headquartered firm told clients that they believe the global economy is in an “extremely challenging” situation which could lead to hyperinflation. Elliott did not respond to MarketWatch’s request for comment.

“And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” Rev. 5:6

The firm, led by billionaire Paul Singer and Jonathan Pollock, told its clients that “investors should not assume they have ‘seen everything’” because they have been through the peaks and troughs of the 1987 crash, the dot-com boom and the 2008 global financial crisis and previous bear and bull markets.

They added that the “extraordinary” period of cheap money is coming to an end and has “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.”

The letter said the world is “on the path to hyperinflation”, which could lead to “global societal collapse and civil or international strife.”

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