How to Prepare for Hyperinflation By for Survival Sullivan
Over the years, and especially recently, there’s probably a word you have heard bandied about in regards to the economy that is whispered with dread, menace and the hushed, terrified awe of the boogeyman: Hyperinflation.
Often talked about, rarely codified, and even more rarely explained in terms that everyday people can relate to, hyperinflation seems to be a topic that is the province of financial talking heads and would-be economic theorists.
But I have some bad news for you, folks. Hyperinflation is real, entirely too real, and I am telling you right now, up front, you have good reason to be scared out of your wits by it.
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Hyperinflation causes runaway and unstoppable price increases on all kinds of goods and services, but especially the common, everyday staples and necessities that we rely on to make our lives go, things like food, fuel, water and electricity.
Hyperinflation is not a theoretical mega-disaster that is so rare it might as well be the stuff of fiction. It has already happened, and many times before.
In the 20th century alone up till today, hyperinflation has occurred around the world in civilized places in excess of 50 times. It is only a matter of time before it happens again, and if you aren’t prepared for it, you could lose absolutely everything and be left to starve.
We aren’t going to let that happen, though, and in this article we will tell you everything you need to know about hyperinflation. What it is, what causes it, and how you can defend against it.
What is Hyperinflation?
Hyperinflation is nothing more than standard inflation with the throttle cranked up to maximum before it is snapped off.
In more pedestrian terms, hyperinflation is the extremely rapid increase of the cost of goods across all domains. This resulting, unchecked increase in cost radically devalues attendant currencies for the nation experiencing it.
This subsequently results in many consequences, including bank runs, hoarding, loss of confidence in currency and other deleterious effects that only compound the problem, but in the most practical terms it makes all sorts of goods and services essentially unaffordable for the majority of people.
