How to prepare for hyperinflation and make it through the USA dollar collapse.
As the government becomes more desperate for cash, they will increase the flow of paper money (fiat currency) until the entire financial system becomes insoluble. We will give you valuable advice on how to prepare for hyperinflation.
As the American dollar weakens, foreign countries will sell their bonds (or not renew the purchase of their treasury bills) and flood the market with devalued currency. You can expect inflation like the U.S. has never experienced. The cost of items will skyrocket and your wages will stay the same (or you will be laid off). Those in power will blame the free market and capitalism but the real cause of the fall will be their years of failed economic policies.
The next depression will be 20 to 30 years and make the first depression look like a picnic. Hyperinflation will be the beginning and the true economic impact will take a very long time to correct. These steps on how to prepare for hyperinflation will help you weather the economic storm.
Pay off your debt – As prices increase keeping up with payments will be extremely difficult. Too much debt will force you to lose your home, vehicles, and you will struggle to make ends meet. You will need all the money you make just to buy food. Avoid large homes, credit card debt, excess student loans, and new car purchases.
Buy tangible goods – While gold and silver play a role in shifting to a new currency don’t overlook things you can use in the
short term. Barter will be popular again and having long term food storage, kerosene, medical supplies, seeds, and luxuries like toilet paper or chocolate can help you when there are shortages. In the mid term gold and silver will be very important but don’t over look the basics of daily life. Everyone will need food. This is how to prepare for hyperinflation.
Long Term Food http://foodsupply.mygofoods.com/
Invest in things that are inflation resistant – Invest in economic sectors that can raise their prices or adjust their value as the prices increase. Treasury Inflation-Protected Securities (TIPS), commodities (like oil and metals), and real estate are generally safe bets to overcome inflation. Make sure your loans have fixed interest rates. Expect to pay extremely high interest rates (in the 20% range) and expect to put much larger down payments down. Also one of the best investments is food, everyone will need food to survey. This will be the most valuable commodity. Matter of fact, a great way on how to prepare for hyperinflation would be to start a food business.
Strengthen the family – Family ties and local communities/churches will help those that are struggling (sorry government programs will not be there to help; think Katrina). Those on fixed income or welfare will be the hardest hit by economic problems. The traditional family unit has stood the test of time for good reason. Grandma and grandpa will be moving in and you might need to take care of your siblings too.
Learn how to grow food – Plant a garden and learn how to preserve food. If possible raise chickens for eggs and goats or cows for milk. Canning fruits and vegetables will be common. Stock your root cellar. Learn how to make your soil healthy and nutrient rich without buying fertilizer (e.g. learn how to compost). Avoid hybrid seeds because after the first crop the next batch of seeds will provide inferior and low yield crops. Buy heirloom seeds and plant them. Harvest seeds for next year.
Buy bulk food and learn how to use it – Start using wheat by grinding it and baking with it. Find recipes that call for use of basic stable grains like rice, beans, wheat, and lentils. Long Term Food http://foodsupply.mygofoods.com
This is how important food is in the steps on how to prepare for hyperinflation. You can even prepare further by having an online food business this should be the first thing you do in the steps on how to prepare for hyperinflation.
Get all the education you can – Finish your degree, learn new skills, get certificates in your area of expertise. The job market will be extremely competitive and all the extra skills you have will give you the edge.
Diversify your income – Start side businesses, turn your hobbies into income, or consider rental property. Try to get income from as many different sources as possible.
Earning Income from while at home sources:
Learn to do more with less - This requires some creative thinking when shopping, using what you have, and throwing things away. Many times you don’t need something new, you need to use something you already have. Instead of throwing something away consider repairing it or re-purposing it as something else (e.g. using old jeans to make a quilt). Buying quality products instead of cheap Chinese crap. You’ll need things to last longer. Start now by buying quality instead of cheap quantity.
Stay positive – Your mindset and your positive attitude will be your biggest asset. While these will be trying times you can still choose what makes you truly happy. If you are attached to material objects start now by weening your way off new technology, a home that’s too big, and cars you can’t afford. Learn to enjoy the simple things in life and the company of the people you love.
THINGS TO AVOID – Avoid Adjustable Rate Mortgages (ARMS), Bonds, and Debt. Make not to accrue debt when taking steps on how to prepare for hyperinflation.
Taking the steps on how to prepare for hyperinflation and hedge against USA hyperinflation is very important. One of the most important tips I can sure with you is to have long term food. At least a 2 year supply. Also you should immediately build a home business that is international to provide a diverse income. I recommend GoFoods and Ariix. With GoFoods, you can buy food to eat monthly and you can buy food for long term storage. GoFoods is an international company open in USA and Canada. Ariix is a health and nutritional company. They provide a full line of vitamins, minerals, nutritional supplements and more which will be important when the government is handing out low quality food with little to no nutritional value in food lines. Ariix is open in 10 countries and expanding. Both companies are recruiting distributors.