How To Survive Hyperinflation, Battoning down those hatches

wombat42_2

http://www.christiandiscussionforums.org/v/showthread.php?t=144137

Hyperinflation can make your life savings worthless over night
Hyperinflation is a very scary prospect, and is when a sudden and extreme increase in inflation occurs and a currency loses its value. What this means to you is that your money will be essentially worthless because the price of goods and services will be so outrageous. For instance, say you live in an apartment complex that charges you $1000 a month in rent. If hyperinflation occurred your landlord may have to up the rent to $10,000 a month just to pay his bills. If you could not pay you may be evicted under a force majeur clause in your lease (a clause that unbinds initial agreements when a business is faced with unforeseen and dramatic circumstances). Then you could be homeless...Dont think it could happen? Surely lets hope not! But the fact of the matter is that it has happened before in the US and a significant number current day economists predict that at least some degree of hyperinflation is just around the corner. At any rate it is best to prepare yourself and your family with these steps


Step 1 Have a plan to get to a safe shelter.

If hyperinflation were to occur and you do not own your home, or you rent, you should have a plan in place to get to a relatives house, preferably relatives with several acres of land. If you do not own your dwelling you risk being kicked out from an inability to pay increased rates. You will want to have family you can stay with in the event of this, and the more remote your relatives are the better...as unfortunately there may be a lot of new homeless persons that do not have family to turn to looking for shelter.


Step 2 Compile all your important documents and stash some cash.

If you do have to leave suddenly, to go to a relatives, you will want to secure all your important documents, valuables, and some cash in one place. That way you can get up and go in a hurry if you need to. Do not forget to include a first aid kit in this stash, especially if you have kids!


Step 3 Protect your savings.

Hyperinflation threatens to make the US dollar worthless, so consider converting your savings to: - Gold/Silver: international standard of wealth, maintains its worth through troubled times - Swiss Francs: all Swiss Francs are backed by gold, and Switzerland has never been invaded throughout history! So this is a safe bet for a secure place to stash your savings through a depression. Also opening Swiss bank account is easier than you think and not only for the super rich, as movies and TV would have you believe.


Step 4 Buy the necessities.

If hyperinflation were to occur, the cost of basic goods would sky rocket, leaving the unprepared without food. Buy enough canned goods, and other non - perishables to sustain your entire family for a good while.


Step 5

Also, and this is very important, buy seeds of edible plants that flourish in your local area. No one really knows how long hyperinflation could last, and an extensive vegetable garden could really help you in times of need.


Step 6

Prepare, and know you have done everything you can to prepare...and then do not worry obsessively and hope for the best!

KingL

They forgot about the shotgun.

Lordy.

JoolzS

Oh dear, I guess I'd better try to spend the US$5 bill that I still have lying around somewhere before it becomes worthless. I wonder where in the UK I can spend it

Julie

Liz_the_Whizz

wombat42 wrote: »

Step 5

Also, and this is very important, buy seeds of edible plants that flourish in your local area.

Does cannabis count?:rotfl:

All very "Survivors" - think I'll send for a hamper from Fortnum's;)

wombat42_2

Liz_the_Whizz wrote: »

Does cannabis count?:rotfl:

All very "Survivors" - think I'll send for a hamper from Fortnum's;)

Hello Liz the Whizz. Long time no speak.

Did you known that Whizz is drug slang for amphetamines

purch

christiandiscussionforums ?? :cool:

Are you going all religious and "happy clappy" on us ?? :eek:

You know what the Bible say's about coveting Gold !!!!! :A

andysstuff_2

wombat42 wrote: »

http://www.christiandiscussionforums.org/v/showthread.php?t=144137


Step 2 Compile all your important documents and stash some cash.

Is this the same cash that's just been rendered worthless???!!!

wombat42_2

andysstuff wrote: »

Is this the same cash that's just been rendered worthless???!!!

They forgot to mention that you will need a wheelbarrow to load up with high denomination bank notes if you want to buy a bar of chocolate or something down the local shop. Trouble is that in the Weimar Republic in Germany in 1923, wheelbarrows were a precious scarce commodity - they regularly got stolen but any cash in them was left behind. So best keep your wheelbarrow under lock and key.

Toodlepip123

wombat42 wrote: »

Step 4 Buy the necessities.

If hyperinflation were to occur, the cost of basic goods would sky rocket, leaving the unprepared without food. Buy enough canned goods, and other non - perishables to sustain your entire family for a good while.

Where do you stash all these food-goods?

Oblivion

I shouldn't be telling you this, but since I've already got my stash organised I'll let you in on it.

Mars Bars are the new currency. Fill your fridge and cupboards while they're still available.

Dave.

This was a free public announcement from GetFatAndSpotty.com

purch

Is this the same cash that's just been rendered worthless???!!!

I think you have spotted the Fatal Flaw in this scheme.

Yet another Internet BLOGGER that forgot to proof read his/her drivel !!!!