Jim Rogers, a well-known US investor, said as quoted by Sputnik that he forecasts that money printing will continue and lead to more inflation.

"Energy and some prices have come down a bit, but that's the way markets work. When something goes straight up, it always has a reaction of correction going on, and that's what's happening now, for a variety of reasons," Rogers said.

Elsewhere in his remarks, Rogers warned that the prices will go higher if money printing continues.

“Many banks raised interest rates; that is one of the reasons we had corrections and reactions, but in the end, we're going to have more inflation because money printing always leads to inflation and they will print money again," he added.

Rogers continued by stressing that central banks would increase money printing if the economy slowed down the following year or the year after.

"They always do and that will lead to more inflation. Inflation is not over," he stated.

European countries have imposed a wide range of sanctions on Russian companies and banks while isolating Russia from the SWIFT financial system is being discussed. Simultaneously, supply chain disruptions have raised fuel and food costs throughout the EU and the US, pushing inflation to all-time highs and raising the cost of living. 

Last month, US national outstanding debt exceeds $31 trillion for the first time in its history according to the US Treasury. This comes at a time when the US is faced with all-time high inflation coupled with high-interest rates, all of which deepen the economic uncertainty problem that the government, businesses, and people are all facing.