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.

Acclaimed environmentalist and author of "Apocalypse Never" Michael Shellenberger joined Glenn Beck on the radio program Wednesday to warn us about the true goals and effects of climate alarmism: It's become a "secular religion" that lowers standards of living in developed countries, holds developing countries back, and has environmental progress "exactly wrong."

Michael is a Time "Hero of the Environment," Green Book Award winner, and the founder and president of Environmental Progress. He has been called a "environmental guru," "climate guru," "North America's leading public intellectual on clean energy," and "high priest" of the environmental humanist movement for his writings and TED talks, which have been viewed more than 5 million times. But when Michael penned a stunning article in Forbes saying, "On Behalf of Environmentalists, I Apologize for the Climate Scare", the article was pulled just a few hours later. (Read more here.)

On the show, Micheal talked about how environmental alarmism has overtaken scientific fact, leading to a number of unfortunate consequences. He said one of the problems is that rich nations are blocking poor nations from being able to industrialize. Instead, they are seeking to make poverty sustainable, rather than to make poverty history.

"As a cultural anthropologist, I've been traveling to poorer countries and interviewing small farmers for over 30 years. And, obviously there are a lot of causes why countries are poor, but there's no reason we should be helping them to stay poor," Michael said. "A few years ago, there was a movement to make poverty history ... [but] it got taken over by the climate alarmist movement, which has been focused on depriving poor countries, not just of fossil fuels they need to develop, but also the large hydroelectric dams."

He offered the example of the Congo, one of the poorest countries in the world. The Congo has been denied the resources needed to build large hydroelectric dams, which are absolutely essential to pull people out of poverty. And one of the main groups preventing poor countries from the gaining financing they need to to build dams is based in Berkeley, California — a city that gets its electricity from hydroelectric dams.

"It's just unconscionable ... there are major groups, including the Sierra Club, that support efforts to deprive poor countries of energy. And, honestly, they've taken over the World Bank [which] used to fund the basics of development: roads, electricity, sewage systems, flood control, dams," Micheal said.

"Environmentalism, apocalyptic environmentalism in particular, has become the dominant religion of supposedly secular people in the West. So, you know, it's people at the United Nations. It's people that are in very powerful positions who are trying to impose 'nature's order' on societies," he continued. "And, of course, the problem is that nobody can figure out what nature is, and what it's not. That's not a particular good basis for organizing your economy."

Watch the video below to catch more of the conversation:

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Dr. Voddie Baucham, Dean of Theology at African Christian University in Lusaka, Zambia, joined Glenn Beck on the radio program to explain why he agrees with Vice President Mike Pence's refusal to say the phrase "Black Lives Matter."

Baucham, who recently drew national attention when his sermon titled "Ethnic Gnosticism" resurfaced online, said the phrase has been trademarked by a dangerous, violent, Marxist movement that doesn't care about black lives except to use them as political pawns.

"We have to separate this movement from the issues," Baucham warned. "I know that [Black Lives Matter] is a phrase that is part of an organization. It is a trademark phrase. And it's a phrase designed to use black people.

"That phrase dehumanizes black people, because it makes them pawns in a game that has nothing whatsoever to do with black people and their dignity. And has everything to do with a divisive agenda that is bigger than black people. That's why I'm not going to use that phrase, because I love black people. I love being black."

Baucham warned that Black Lives Matter -- a radical Marxist movement -- is using black people and communities to push a dangerous and divisive narrative. He encouraged Americans to educate themselves on the organization's agenda and belief statement.

"This movement is dangerous. This movement is vicious. And this movement uses black people," he emphasized. "And so if I'm really concerned about issues in the black community -- and I am -- then I have to refuse, and I have to repudiate that organization. Because they stand against that for which I am advocating."

Watch the video below to catch more of the conversation:

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We're going to be doing an amazing broadcast on Thursday, July 2nd, and we will be broadcasting a really important moment. It is restoring truth. It is restoring our history. It is asking to you make a covenant with God. The covenant that was made by the Pilgrims. And it's giving you a road map of things that we can do, to be able to come back home, together.

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On last week's Wednesday night special, Glenn Beck revealed where the Black Lives Matter organization really gets its funding, and the dark money trail leading to a cast of familiar characters. Shortly after the program aired, one of BLM's fiscal sponsors, Thousand Currents, took down its board of directors page, which featured one of these shady characters:

Ex-Marxist professor and author of "Beyond Woke," Michael Rectenwald, joined Glenn Beck on the TV show to fill us in on the suspicious change he discovered on the Thousand Currents webpage and the Communist terrorists who is now helping run the organization. (Fortunately, the internet is forever, so it is still possible to view the board of directors page by looking at a web archive from the WayBack Machine.)

Rectenwald revealed the shocking life history of Thousand Currents' vice chair of the board, Susan Rosenberg, who spent 16 years in federal prison for her part in a series of increasingly violent acts of terrorism, including bombing the U.S. Capitol building, bombing an FBI building, and targeting police for assassination.

"Their whole campaign was one of unbelievably vicious, murderous cop killings, assassinations, and bombings," explained Rectenwald of Rosenberg's terror group known as the May 19th Communist Organization or M19.

Watch the video below to catch more of the conversation:


Glenn's full investigation into the dark origins of the funding behind Black Lives Matter is available for BlazeTV subscribers. Not a subscriber? Use promo code GLENN to get $10 off your BlazeTV subscription or start your 30-day free trial today.

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.