A Guide to Hyperinflation

Glenn’s warned that this was coming. The Fed has started to bail out European banks, and as the world’s economies are being tied together, we get closer to mutually assured economic destruction. Meanwhile, our government continues to spend money we don’t have.

What happens when an indebted government decides to go wild and print money unchecked in order to pay the bills? Hyperinflation. Hyperinflation is caused when people lose faith in the value of a currency, too much money is printed and there is no corresponding increase in productivity. So instead of printing $50 and $100 bills the government prints $300 and $500 bills but your $500 bill only buys $50 worth of goods. Soon the $500 bill is replaced by a $1000 bill. This is not something that happens slowly or something you can just decide to deal with when it arrives. Once hyperinflation starts it’s already too late.

What is life like during rampant hyperinflation?


During the economic crisis that hit Zimbabwe, BBC News went out and interviewed everyday people about life under rampant inflation. While the interviewees remained anonymous, they were named for their occupation. Among them were a mother and a student. Read how quickly currency can be devalued and prices can climb:

Zimbabwean Mother: “Because my income hasn't risen as much as the prices in the shops, we have had to adjust quite a bit. The things that we buy - the groceries at home, the things we get for our two children - we have to buy immediately, as soon as we get the money. We know that if we wait a bit, the prices are going to go up again. If we wait another week, we will not be able to afford anything. People are taking the money out in suitcases or carrier bags.

Zimbabwean Student: “When I go to withdraw my money, I have to wait around 30 minutes because there are so many people waiting. It's so difficult. Maybe you want 10 million but they only give you 2.8, because there is not enough at the bank.”

Read the full BBC article here.

Hyperinflation Everyone can Understand: Want to see a quick explanation of Hyperinflation you can easily show your progressive friends? Insider Extreme members can check out the Stick Figure Logic: The Truth About Hyperinflation Special. Click here.

It’s happened before, and it can happen again. Have we learned from past victims of hyperinflation? Look at what happened to them and decide for yourself…

Weimar Republic: Germany fought World War I on borrowed money because they didn’t want to raise taxes and had little national savings. They had to borrow money to build and arm their war machine. Prices started to double, and soon people were rushing out to buy goods as soon as they got paid in order to beat the rising costs of goods. The wheelbarrow replaced the wallet, and the government kept printing money. Check out this PBS essay on hyperinflation in Germany for more info.

Zimbabwe: A corrupt government, over-regulation, and overspending led to hyperinflation and an economic crisis in Zimbabwe. In order to try and control prices, the corrupt Zimbabwean government even forced businesses to halve their prices on basic commodities and used police and militia groups to enforce these regulations. For an in-depth look at the history of Zimbabwe’s economic crisis and rampant hyperinflation, check out this fascinating article from the CATO Institute.

If you don’t think that Hyperinflation could happen here in America, think again…

Jeffrey Harding of The Daily Capitalist highlights the signs America is headed for hyperinflation, and lays out in detail why we are setting ourselves up to repeat Weimar and Zimbabwe. See the leading factors suggesting hyperinflation is on the way HERE.

1. A deep recession


2. Declining government revenues


3. Massive deficits


4. Monetizing the debt


5. Credit Crunch


6. High Unemployment


7. Ineffective stimulus


8. Expensive entitlement programs


9. High federal taxes


10. High federal debt


11. QE2

Glenn recently had Eric Bolling onto his program to help explain. Check out this.

That Thanksgiving dinner you just made will probably cost a lot more next year.

-The price of turkey increased 30% over the last year


- Want some pecan pie? The price of pecans has gone up 41% since 2009


- Onions and Sweet Potatoes are both up over 22%


- The USDA expects prices for beef and veal to rise 3.5% this year, and another 3.5% in 2011


- The USDA also predicts a 4.5% to 5.5% price increase on dairy products in 2011

The Deficit: Politicians claim that they want to rein in the Federal deficit, but doing so requires serious cuts and sacrifices, but do the American people want to do what is necessary? According to a recent Wall Street Journal/NBC News poll, the answer would be no. A bipartisan committee appointed by the White House recently made a series of suggestions to reduce the deficit by $3.7 trillion over the next ten years. Included in these suggestions were cuts to Medicare, Social Security, and defense, along with raising the retirement age and increases in taxes. Nearly 70% of respondents said that they would be uncomfortable with cuts to Medicare, Social Security, and defense, while 57% were uncomfortable with raising the retirement age to 69 over the next 60 years. To read the article, click here.

What can you do to prepare?




Food Storage: If prices on goods and services start to rise as a result of hyperinflation, then you need to be prepared. Glenn has said on several occasions that you don’t want to be the person stranded and begging for help, you need to have a lifeboat! There’s nothing wrong with being prepared, and one of the key ways to be ready is with food storage. Find out more here with the FREE article “Be Prepared: An Introduction to Food Storage”.

Damon on the Dollar: Damon Vickers has spoken with Glenn in length on radio and TV about the danger to the dollar and the risk we face of hyperinflation. Read this special op-ed where Damon tackles rising food prices and how to prepare for hyperinflation.

Glenn’s Predictions: Glenn has been saying for years that the country is at risk for hyperinflation. Read the transcripts below:

11/24/10: Glenn and Damon Vickers (Link)


8/13/09: Glenn Beck: Where Are the Tough Questions About Health Care Reform? (Link)


10/15/08: Glenn warned listeners about hyperinflation two years ago (Link)

We’re “BROKE!”

While these articles, videos, and links should get you started in understanding our economic problems and hyperinflation, one of the best ways to educate yourself is to check out Broke: The Plan to Restore Our Trust, Truth and Treasure by Glenn Beck. Packed with great stories from history, chalkboard-style teachable moments, custom illustrations, and Glenn Beck’s trademark combination of entertainment and enlightenment, Broke makes the case that when you’re traveling in the wrong direction, slight course corrections won’t cut it—you need to take drastic action.

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:

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.

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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