Click to enlarge.
Check out this chart from AFT, LLC.
According to Peter Bernholz, whenever you see a government borrow to cover 40% or more of its fiscal expenditures, it’s resulted in hyperinflation. Bernholz wrote about it extensively in his book Monetary Regimes and Inflation: History, Economic and Political Relationships.
The US has recently been as high as 44%.
Unless we see growth upwards of 3-4%, there is an almost 100% chance that we will see hyperinflation.



















