Saudi Press

Saudi Arabia and the world
Friday, Aug 08, 2025

Twitter CEO Jack Dorsey's dire warning: 'Hyperinflation' will soon 'change everything'

Twitter CEO Jack Dorsey's dire warning: 'Hyperinflation' will soon 'change everything'

Twitter founder Jack Dorsey has issued a cryptic warning that "hyperinflation" will "change everything."

In typical Dorsey style, the social media CEO tweeted out his comment, saying that "it will happen in the US soon, and so the world."

Hyperinflation is typically very high and accelerated inflation. Researchers have documented 57 cases of hyperinflation as of 2018, with the first recorded episode occurring between 1795 and 1796 in post-revolutionary France, according to The Economist.

Some economists and writers have looked at possible hyperinflation in the U.S. as early as March 2021 when the economy started to get back on track after an artificially depressed year due to lockdowns and immense restrictions during the coronavirus pandemic – policies that officials started reversing as vaccines became more available.


The term raises some grim images, with Venezuela the most recent example and Zimbabwe perhaps one of the most famous examples of hyperinflation.

"This is meme economics," Bloomberg Businessweek wrote earlier this year.

"Fear of inflation – if not outright hyperinflation – helps explain the meteoric rise of Bitcoin," the article argued. "It’s behind distrust of the Fed. And it feeds congressional opposition to President Biden’s $1.9 trillion pandemic relief plan."

Indeed, Republicans have warned of inflation since the start of the summer when gas prices first started to tick upward and prices followed shortly after: consumer prices rose 5% over the 12 months between June 2020 and June 2021, The Associated Press reported.

This marked the largest one-year increase since 2008, and possibly the biggest since 1992 – excluding more volatile items such as food and energy.

Rep. Jim Banks, R-Ind., said his constituents have "seen the higher prices on gas in particular, but also groceries and the cost to keep their businesses running." Such voters, he said, "know, intuitively, that this is due to Democrats’ economic agenda and big spending plans."

Prices have continued to trend upwards as an historic global shipping backlog delays the transport goods and services across the board, slowly driving up prices for everything from toilet paper to toys.

Gas prices in some have hit around $4.00 a gallon, such as in California, Hawaii and Nevada, according to AAA. Premium in these states is almost at $5 a gallon.

Officials are working to ease the backlog and therefore fight the onset of general inflation – let alone hyperinflation – but the results of those efforts may not be apparent for some time.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
×