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

 

Terry Trobiani owns Gianelli's Drive Thru in Prairie Grove, Illinois, where he put up a row of American flags for the Fourth of July. But the city claimed he was displaying two of them improperly and issued him a $100 ticket for each flag.

Terry joined Glenn Beck on the radio program Tuesday to explain what he believes really happened. He told Glenn that, according to city ordinance, the American flag is considered "ornamental" and should therefore have been permitted on a federal holiday. But the city has now classified the flag as a "sign."

"Apparently, the village of Prairie Grove has classified the American flag as a sign and they've taken away the symbol of the American flag," Terry said. "So, as a sign, it falls under their temporary sign ordinance, which prohibits any flying, or any positioning of signs on your property — and now this includes the American flag. [...] The only way I could fly the American flag on my property is if I put it on a permanent 20 to 30-foot flagpole, which they have to permit."

Terry went on to explain how the city is now demanding an apology for his actions, and all after more than a year of small-business crushing COVID restrictions and government mandates.

"COVID was tough," Terry stated. "You know, we're in the restaurant business. COVID was tough on us. We succeeded. We made it through. We cut a lot of things, but we never cut an employee. We paid all our employees. I didn't take a paycheck for a year just to keep our employees on, because it was that important to me to keep things going. And, you know, you fight for a year, and you beat a pandemic, and then you have this little municipality with five trustees and a president, who just have no respect for small businesses. And right now, what I see is they have no respect for the republic and the United States ... I think it's terrible. The direction that government, at all levels, have taken us to this point, it's despicable."

Watch the video below to catch more of the conversation:


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The Biden administration is now doing everything it can to censor what it has decided is COVID-19 "misinformation." But Glenn Beck isn't confident that the silencing of voices will stop there.

Yeonmi Park grew up in North Korea, where there is no freedom of speech, and she joined Glenn to warn that America must not let this freedom go.

"Whenever authoritarianism rises, the first thing they go after is freedom of speech," she said.

Watch the video clip below from "The Glenn Beck Podcast" or find the full episode with Yeonmi Park here:

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Most self-proclaimed Marxists know very little about Marxism. Some of them have all the buzzwords memorized. They talk about the exploits of labor. They talk about the slavery of capitalist society and the alienation caused by capital. They talk about the evils of power and domination.

But they don't actually believe what they say. Or else they wouldn't be such violent hypocrites. And we're not being dramatic when we say "violent."

For them, Marxism is a political tool that they use to degrade and annoy their political enemies.

They don't actually care about the working class.

Another important thing to remember about Marxists is that they talk about how they want to defend the working class, but they don't actually understand the working class. They definitely don't realize that the working class is composed mostly of so many of the people they hate. Because, here's the thing, they don't actually care about the working class. Or the middle class. They wouldn't have the slightest clue how to actually work, not the way we do. For them, work involves ranting about how work and labor are evil.

Ironically, if their communist utopia actually arrived, they would be the first ones against the wall. Because they have nothing to offer except dissent. They have no practical use and no real connection to reality.

Again ironically, they are the ultimate proof of the success of capitalism. The fact that they can freely call for its demise, in tweets that they send from their capitalistic iPhones, is proof that capitalism affords them tremendous luxuries.

Their specialty is complaining. They are fanatics of a religion that is endlessly cynical.

They sneer at Christianity for promising Heaven in exchange for good deeds on earth — which is a terrible description of Christianity, but it's what they actually believe — and at the same time they criticize Christianity for promising a utopia, they give their unconditional devotion to a religion that promises a utopia.

They are fanatics of a religion that is endlessly cynical.

They think capitalism has turned us into machines. Which is a bad interpretation of Marx's concept of the General Intellect, the idea that humans are the ones who create machines, so humans, not God, are the creators.

They think that the only way to achieve the perfect society is by radically changing and even destroying the current society. It's what they mean when they say things about the "status quo" and "hegemony" and the "established order." They believe that the system is broken and the way to fix it is to destroy, destroy, destroy.

Critical race theory actually takes it a step farther. It tells us that the racist system can never be changed. That racism is the original sin that white people can never overcome. Of course, critical race theorists suggest "alternative institutions," but these "alternative institutions" are basically the same as the ones we have now, only less effective and actually racist.

Marx's violent revolution never happened. Or at least it never succeeded. Marx's followers have had to take a different approach. And now, we are living through the Revolution of Constant Whining.

This post is part of a series on critical race theory. Read the full series here.

Americans are losing faith in our justice system and the idea that legal consequences are applied equally — even to powerful elites in office.

Rep. Devin Nunes (R-CA) joined Glenn Beck on the radio program to detail what he believes will come next with the Durham investigation, which hopefully will provide answers to the Obama FBI's alleged attempts to sabotage former President Donald Trump and his campaign years ago.

Rep. Nunes and Glenn assert that we know Trump did NOT collude with Russia, and that several members of the FBI possibly committed huge abuses of power. So, when will we see justice?

Watch the video clip below:


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