How to Survive Hyperinflation

By Damon Vickers

Inflation can eat you and your families entire net worth alive. During the 1920 and 30s, Germany saw one of the largest increases in inflation the world has ever witnessed. People were literally using wheelbarrows to pay for basic items like loaves of bread and eggs.

More recently, we have witnessed unbelievable inflation rates in Zimbabwe were a cup of coffee goes for $100 trillion dollars.

While almost no one expects that type of scenario to play out here, believe me when I tell you neither the Germans nor the Zimbabweans could have imagined that it could have happened there either. What is clear is that the Westernized nations of the world have no other option but to attempt to reflate their economies.

In this special report, you’ll learn how bad it might get and what you might do to not only survive, but make this period one of the most fabulous wealth creators you have ever witnessed in your lifetime.

In the past 30 years, we have seen rises in prices that are astonishing. Yet, the rises in price haven’t come overnight. It’s been gradual. Think of the unassuming frog in a pot of water, boiling alive one degree at a time. So, too, has been our American experience and that of most Westernized nations across the globe. These nations with mature economies have resorted to the all-out debasement of their currencies as a means to create an environment of seeming prosperity. Yet the reality is that inflation is a stealth tax on all of us; whether it be a pound of tomatoes that is now $3.99 that 30 years ago sold for $.15. Or a dozen eggs that sells for $3 that sold for $.39. Inflation is something that we all see. In fact, we have become so accustomed to rising prices we take rational pricing for granted. There was a time when being a millionaire was a big deal. In the 1920s and 30s, you were a rich man if you had a million dollars. Some of you may know the television show “Who Wants to Be a Millionaire.”

Well, in the United States and thanks to Ben Bernanke, soon we will all be millionaires!

Over the last 100 years, there have been numerous examples of countries across the globe entering periods of hyperinflation. Hyperinflation is defined as inflation that exceeds 100% in three years. Here are some examples of countries whom saw their currency’s value obliterated by it’s government’s desperate attempt to remain in power and keep the populous deluded; Greece, Germany, Brazil, Argentina, China, Chile, Bulgaria, Bosnia and Herzegovina, Hungary, Israel, Japan, Nicaragua, Peru, the Philippines, Poland, Romania, Russia, Taiwan, Turkey, the Ukraine, Yugoslavia, and our personal favorite Zimbabwe, where a loaf of bread costs $13 million dollars and at one point had inflation of 231 million percent. Here are some of the conditions present prior to the emergence of a period of hyperinflation.

  - The county was unable to sell bonds to finance its operations.

  - The country’s population increasingly lost faith in the inherent “real value” of the nation’s currency.

  - The country’s working population and government had larger “financing needs” –i.e. read social welfare- than the country’s ability to finance them. Therefore, in every case of the country’s final act of self-preservation of power, flipped the switch and printed money.

Evolution of prices in Germany

 cost of 1lb loaf of bread*cost of 1lb of meat*
19211.352
19223.507
January 19237004,200
May 1923120012,500
July 1923100,000833,333
September 19232,000,00020,000,000
October 1923670,000,0001,300,000,000
November 19233,000,000,0005,850,000,000

*The prices above are approximate

So, what can we do to survive a period of hyperinflation?

One, make up your mind that you will survive. Make up your mind that you will not fight the predominant trend. You do your country nor your family no service by being broke. Since hyperinflation is basically a collapse in confidence of the value of a nation’s currency what we need to do is think of assets that might retain their value against a depreciating currency. These assets might be gold, silver, art, diamonds, antiques, religious artifacts and farmland. Now farmland may seem like an odd one, but imagine that most people live in cities. Those cities are entirely non-self supportive. These populations are only able to feed themselves because of their ability to offer dollars for food. If those dollars had no value, then they would be in a position of not being able to eat. So one’s ability to grow their own food is a pretty valuable asset, lest people start eating their neighbors.

Original Article: Source

 

Eric Weinstein, managing director of investment firm Thiel Capital and host of "The Portal" podcast, is not a conservative, but he says conservative and center-right-affiliated media are the only ones who will still allow oppositional voices.

On "The Glenn Beck Podcast" this week, Eric told Glenn that the center-left media, which "controls the official version of events for the country," once welcomed him, but that all changed about eight years ago when they started avoiding any kind of criticism by branding those who disagree with them as "alt-right, far-right, neo-Nazi, etc.," even if they are coming from the left side of the aisle. But their efforts to discredit critical opinions don't stop there. According to Eric, there is a strategy being employed to destroy our national culture and make sure Americans with opposing views do not come together.

"We're trifling with the disillusionment of our national culture. And our national culture is what animates the country. If we lose the culture, the documents will not save us," Eric said. "I have a very strongly strategic perspective, which is that you save things up for an emergency. Well, we're there now."

In the clip below, Eric explains why, after many requests over the last few years, he finally agreed to this podcast.

Don't miss the full interview with Eric Weinstein here.

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Glenn Beck: Why MLK's pledge of NONVIOLENCE is the key to saving America

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Listen to the Rev. Dr. Martin Luther King Jr.'s pledge of nonviolence and really let it sink in: "Remember always that the nonviolent movement seeks justice and reconciliation — not victory."

On the radio program, Glenn Beck shared King's "ten commandments" of nonviolence and the meaning behind the powerful words you may never have noticed before.

"People will say nonviolent resistance is a method of cowards. It is not. It takes more courage to stand there when people are threatening you," Glenn said. "You're not necessarily the one who is going to win. You may lose. But you are standing up with courage for the ideas that you espouse. And the minute you engage in the kind of activity that the other side is engaging in, you discredit the movement. You discredit everything we believe in."

Take MLK's words to heart, America. We must stand with courage, nonviolently, with love for all, and strive for peace and rule of law, not "winning."

Watch the video below for more:

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Conservatives are between a rock and a hard place with Section 230 and Big Tech censorship. We don't want more government regulation, but have we moved beyond the ability of Section 230 reforms to rein in Big Tech's rising power?

Rachel Bovard, Conservative Partnership Institute's senior director of policy, joined the Glenn Beck radio program to give her thoughts and propose a possibly bipartisan alternative: enforcing our existing antitrust laws.

Watch the video below:

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Dan Bongino, host of The Dan Bongino Show, is an investor in Parler — the social media platform that actually believes in free speech. Parler was attacked by Big Tech — namely Amazon, Apple, and Google — earlier this week, but Bongino says the company isn't giving up without a fight. In fact, he says, he's willing to go bankrupt over this one.

Dan joined Glenn Beck on the radio program to detail what he calls a "smear" campaign behind the scenes, and how he believes we can move forward from Big Tech's control.

"You have no idea how bad this was behind the scenes," Dan told Glenn. "I know you're probably thinking ... well, how much worse can the attack on Parler have gotten than three trillion-dollar companies — Amazon, Apple, and Google — all seemingly coordinated to remove your business from the face of the Earth? Well, behind the scenes, it's even worse. I mean, there are smear campaigns, pressure campaigns ... lawyers, bankers, everyone, to get this company ... wiped from the face of the earth. It's incredible."

Dan emphasized that he would not give up without a fight, because what's he's really fighting for is the right to free speech for all Americans, regardless of their political opinions, without fear of being banned, blacklisted, or losing jobs and businesses.

"I will go bankrupt. I will go absolutely destitute before I let this go," he said. "I have had some very scary moments in my life and they put horse blinders on me. I know what matters now. It's not money. It's not houses. It's none of that crap. It's this: the ability to exist in a free country, where you can express your ideas freely."

Watch the video below to hear more from Dan:

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