What’s Next For Charlie Ward And Ann Vandersteel? – A Must-Watch Hyperinflation
Two reasons could cause it: the amount of money in circulation has expanded drastically, or supply lines have been disrupted.
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The government prints money to cover the spending, and at that point, the former occurs. Hyperinflation happens if the economic growth increment doesn’t accompany the money supply rice.
Disruptions in the supply chain happen because of numerous reasons like war, natural disasters, and a rise in the money supply. Because supply can’t keep up with the demand, the businesses will increase the prices.
As a result of hyperinflation, we can find:
Excessive, rapid price increases. The prices can increase every day, or even worse, every hour, which will result in 50 times higher prices for basic food and water.
Depreciation and loss of money. During hyperinflation, the savings ad assets will lose their importance.
Mass hoarding. Non-preppers will buy all the available goods before the hyperinflation even starts. That will press the overburdened supply system so that the prices will increase even more.
Unprecedented levels of violence and crime. In order to avoid starving, people will cause violence for food and other crucial shortages.
With hyperinflation, we would face mass unemployment.
How to prepare yourself for hyperinflation?
- You have to pay off debt, get all the crucial things, and learn to be self-sufficient.
Pay off your debts. It’s tough to pay your debts during hyperinflation because only the bare necessities aren’t affordable. Variable-rate loans are damaging because the interest increases with the market developments. You have to pay off your debt to avoid financial difficulties.
- Diversify the income sources. If you have more income sources, you will save more money than with only one job from 9-5.
- Cost-cutting: you have to lower your costs to the bare minimum and eliminate as many as you can. If you are used to ear 4-5 days in a week outside, now you could eat once in a week out and cook at home.
- Invest in precious metals. Natural resources that have to be exploited like gold, silver, diamonds are hard commodities. Their value is permanent, and very often, their price is growing.
- Also, you can invest in land, because they are always helpful. Before you buy anything, make sure you don’t take out a loan, you don’t want to be in debt.
- Furthermore, you have to stock everything that you and your family need so you won’t starve to death.
- Secure your home. The hyperinflation would make people even more violent than they are, so they will do whatever it takes to get money or food for themselves or their close ones. So, secure your home.
- Move to some peaceful place. You have to live off the grid because that means disconnecting from the electrical grid and other connected infrastructure. So, you won’t have to pay high prices for that. You will find your own electricity source, collect your own water, and cook the food you have!
If you aren’t properly organized and prepared, surviving hyperinflation is impossible.
Watch the video below:
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Source: thetruedefender.com
