Hyperinflation - how can you prepare?

Hyperinflation – how likely is it and can you prepare for it?

Governments around the world are printing more and more money to fund the stimulus packages they are funding. Surely there are consequences to their actions? Yes, one of the most likely is that it can result in hyperinflation down the line. It may take a year or two to manifest, but you can be sure that there is a very strong possibility that our money could become worthless.

What can the average person do to prepare for this eventuality?

Reduce your expenditures dramatically.
Cut your housing costs if you can.
Reduce food outgoings – eat out less.
Transportation – try to find alternatives e.g. motorcycle, moped, bicycle.
Reduce your debt – try to fix your rate in at a low rate of interest. In the long run, interest rates are set to rise substantially.
By second hand goods or from garage sales.

Increase your income opportunities.
Seek income from new sources. For example, areas that look promising are: recycling, farming, gardening, medicine and health care, mechanical, carpentry, alternative energy.

Transfer at least some of your cash into hard assets such as gold and silver coins.

Buy and store a supply of 6 months of dried foods, canned foods, dehydrated foods.

Think about sustainable living:
Take food or garden classes
Learn how to purify your water
Fish, hunt.
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.

Increase your security.

Prepare yourself mentally.
Positivity, resiliency. Practice now before you have to.

Don’t loan anyone any money.

It’s not difficult to be prepared. If there is no collapse then you may have spent a few hundred dollars on beans, rice, canned goods and bottled water.
Any preparation is better than no preparation. In an emergency situation it is hard to think clearly.