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

 

On Monday's episode of "The Glenn Beck Radio Program," Glenn opened up about the tragic death of his brother-in-law, Vincent Colonna Jr., who passed away unexpectedly on April 5. He also shared some of the important thoughts and insights he's learned through the grieving process.

"Last Monday, I was sitting in this chair ... the two-minute warning comes and Stu said to me, 'You ready for the show?'' ... And that's when my wife [Tania] came to the door of the studio here at our house and said, 'I...' and she held the phone up. And then she collapsed on the floor in tears," Glenn began. "Tania's brother had passed. To say this was a shock, is an understatement."

Glenn described his brother-in-law as having "a servant's spirit."

"He was always the guy who lit up the room. He was always the guy helping others. He would never stop, because he was always helping others," Glenn said of Vincent. "He was on the school board. He was a little league coach. He was the soccer coach. He helped build the church. He took care of the lawn of the church. He was constantly doing things, raising money for charity, working over here, helping to organize this. But he was never the guy in the spotlight. He was just the guy doing it, and you had no idea how much he had done because he never talked about it.

"We also didn't know how much mental anguish he was in because he never talked about it. And last Monday morning, after spending Easter with the family ... he killed himself. This is now the third family member of mine that has gone through this. And I keep seeing it play out over and over and over again, in exactly the same way."

Glenn described his thoughts as he, Tania, and her family struggled to come to grips with the devastating loss.

"I learned some really important things as I was watching this wake. I'm seeing these people from all walks of life ... the people that were there, were there because [Vince] made a difference in their life. He was a true servant. As I'm watching this, all that kept going through my mind was, 'by their fruits, ye shall know them.' The fruits of his labor were on display. He was a servant all the time. All the time ... he found a way to love everybody.

"There are two great commandments: Love God with all your heart and mind and soul. And love your neighbor. So those two great commandments boil down to: Love truth. Because that's what God is," Glenn said.

"Love thy neighbor. That's where joy comes from. The opposite of joy is despair, and that is the complete absence of hope ... and how do you find joy? You find joy by rooting yourself in the truth. Even if that's a truth you don't want to accept. Accept the truth," he added. "But we have to stop saying that there's nothing we can do. What are we going to do? Well, here's the first thing: stop living a lie."

Watch the video clip below to hear more from Glenn:


Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

After imprisoning a pastor for refusing to follow COVID-19 restrictions, Canadian officials barricaded his church. And when some church members retaliated by tearing down part of the fence, Canadian Mounties arrived in riot gear.

Rebel News Founder Ezra Levant joined Glenn Beck on the radio program to give his insight on the crazy situation. He described the new, armed police presence surrounding GraceLife Church in Edmonton, Alberta, and how it not only encouraged hundreds of protesters to stand with the church in support but forced congregation members underground to worship as well.

What's happening is eerily similar to what occurs everyday in China, Levant says, and it must stop. Who would have thought this type of tyranny would be so close to home?

Watch the video below to hear Ezra describe the religious persecution taking place in Canada.


Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Enough prayers? Why is supposed Catholic Joe Biden suggesting that Congress ought to stop praying for after someone commits acts of gun violence?

On Friday, Stu Burguiere and Pat Gray filled in for Glenn and discussed President Joe Biden's remarks during his speech on gun control. "Enough prayers. Time for some action," Biden said. Stu and Pat were surprised how dismissive Biden appeared to be on the idea of prayer.

Watch the clip to hear more. Can't watch? Download the podcast here.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Just days after Canadian pastor James Coates was released from prison for refusing to bow to COVID-19 lockdown restrictions, several police officers showed up at another church to ensure restrictions were being followed. But Polish pastor Artur Pawlowski of the Cave of Adullam Church in Alberta, Canada, knew his rights, telling the cops not to come back until they had a warrant in hand.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere played a video of the interaction.

"Please get out. Please get out of this property immediately. Get out!" Pawlowski can be heard yelling at the six officers who entered his church.

"Out! Out! Out! Get out of this property immediately until you come back with a warrant," he continued. "Go out and don't come back. I don't want to talk to you. You Nazis, Gestapo is not allowed here! ... Nazis are not welcome here! Do not come back you Nazi psychopaths. Unbelievable sick, evil people. Intimidating people in a church during the Passover! You Gestapo, Nazi, communist fascists! Don't you dare come back here!"

Watch this clip to see the heated exchange:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.