posted on Sep, 25 2013 @ 11:29 PM
Here you go:
Wiki How: How to Prepare for HyperInflation
Reduce your exposure to the affected nation's currency. During a period of hyperinflation in Hungary in the mid-1940s, the highest-denomination
note went from 1,000 Pengo to 10 million in one year. Despite the immense increase in face value, the currency actually lost a corresponding amount of
its value during that timeframe. When a period of hyperinflation looms, savvy investors move their assets to a stable foreign currency before their
own notes rapidly depreciate.
Well, I never thought of that - I wonder if it would work if the U.S. Dollar went into hyper inflation? You know, Bitcoins though - that could be
something to get. They are independent of the U.S. Dollar, I believe?
Invest in other hard assets. Owning other items with intrinsic value, chiefly commodities like oil and natural gas, can help you prepare for
hyperinflation. Generally, as stock markets in hyperinflation-affected nations fall, commodity prices go higher. Real estate also offers a defense
against hyperinflation. If you hold a fixed-rate mortgage, you'll pay the same amount each month, whether it's the first year of your mortgage or the
25th. During a period of hyperinflation, it's conceivable that you could pay off the entire balance of your mortgage at once because the currency is
over-inflated, but your balance remains constant.
Well, this is just great. I don't have money to invest in that kind of stuff - in general though, you can invest in things like can openers,
pocketknives, first aid kits, seeds, networking with friends and including all kinds of skill sets in your network.
actually been doing the above things, as well as repairing all of my electronics to be in top condition, stocking up on canned food and
powdered drinks, and books
. I am big proponent of books, especially ones that have some utility -
An encyclopedia set, a medical guide, college textbooks, etc.
In addition - for free internet access, there is an older Kindle that gets 3G access for free without payment - there are also solar panels that have
USB outlets. That means it could charge your Kindle and your cell phone -
Let's see... toilet paper. Right?
edit on 25-9-2013 by darkbake because: (no reason given)