1. Thomas September 21, 2007 @ 2:23 pm

    Good advice. Investing in an international currency is a good way to stay liquid during hyper inflation. But finding a good currency could be tricky. The Yuan might be good…

  2. xoc September 21, 2007 @ 6:02 pm

    Stealing from your friends in a time of crisis is a sure way to get murdered. Living in a close, cooperative community is the best defense in a crisis – not trying to rip people off.

  3. jomama September 22, 2007 @ 5:44 am

    Investing in gold or silver as a Store of Value are also options.

    I wouldn’t do that to make a profit tho. It’s just
    a Store of Value play.

  4. Wahoo October 6, 2007 @ 6:57 am

    Thank you for sharing!

  5. Frank February 11, 2008 @ 3:58 pm

    You forgot to mention “Move out of the country”.

  6. Raju March 29, 2010 @ 9:42 pm

    Informative post. Some very important informations are here for avoiding inflation. Thanks for that.

  7. Sitiasisah November 14, 2015 @ 12:14 pm

    Max, if you are going to become the Saviour of this plneat, it is time to start working in some conditioning and training. Tell the girl to stop tickling your nuts with a feather and listen. Remove your lightly powdered ass from the silk pillow and go out into the world with an objective of gaining a different perspective. You are not allowed to stay in hotels that leave mint chocolate on your fluffed pillow. You are going to go where people are starving to death, and living in shit. These are not greedy fuckheads that are upset because another fuckhead has an advantage in elitist information to make more. These are people that have nothing, and this is where the human suffering resides. The first and foremost issue that must be addressed in the basses of any model, is the exploding population of the world. You must look at the relative suffering of all beings in your model creation. Only an organization and integration of population control is a workable long term model world order. It would seem that you can be a more effective force for what is good, by relinquishing more of what you were, and view a larger picture; where mankind takes action, with a view of human potential and suffering in the future. I’m not asking you to actually kill Jim Cramer to begin your true path, just look at your ultimate objective of were you want to end up.

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How to survive hyperinflation

Finance, Freedom Comments (8)

  1. Avoid, to the extent it is possible, selling goods at a fixed price to be paid in the future
    1. Remember that if you work for somebody you are selling your work at a price set in the past and you will be paid in the future, so, during hyperinflation, you will be robbed daily
  2. Do not loan money at a fixed interest rate
    1. Remember that when you put money on a 401k, bank account, etc., you are loaning money at a fixed rate (bank account) or at a zero rate (401k), the same is true if your are an employee
  3. Take loans at a fixed interest rate
    1. Good luck with that (see 5)
  4. Do not save! Every penny you save will lose value on a daily basis
    1. Remember that if you work for somebody you are saving no matter what (you give your work today and your employers keep the money they owe you for your work in their bank account, and they pay you without interest at the end of the week, etc.)
    2. The longer it takes for you to spend your money, the more you lose
  5. Owe interest free money
    1. Try to buy goods and services and pay for them in the future
    2. Take as long as you can to pay your debts and, if your creditors complain, tell them that you are facing a liquidity crisis
    3. The best candidates for this kind of transactions (if you have no power) are your friends, so be ready to change friends frequently

That said, here are the informal chances of survival and thriving based on the income class you belong to:

  1. If your only source of income is the sale of your work and you have adjustable rate debt: 0%

You will survive, but it is called slavery (you will have enough money to feed yourself so you can go to work)

  1. If your only source of income is the sale of your work and you have adjustable and fixed rate debt: 5%

You will survive, and have a very expensive house/ car, or whatever else you are buying on a fixed rate. As soon as you refinance that expensive house or car to get all that equity you will go back to 1.

  1. If your only source of income is selling your work/services as an independent contractor/professional and you don’t charge cash: 10%

You can always raise your prices every day; however, you will lose money in every non-cash transaction

  1. If your only source of income is selling your work/services as an independent contractor/professional and you charge cash: 20%

Of course, it also depends on your debt situation

  1. If you sell goods you paid cash for: 30%
  2. If you sell goods you will pay at 30, 60, 90 days: 40%
  3. If you loaned money at a variable rate: 50%
  4. If you have employees and you pay weekly: 60%
  5. If you have employees and you pay bi-weekly: 70%
  6. If you have employees and you pay monthly: 80%
  7. If you have employees, you pay monthly and they give you money for their 401Ks: 90%
  8. If you are Wall Street: 100%

Of course, we are not even close there yet. Nevertheless, my guess is that the current policies being implemented with the excuse of the Wall Street created liquidity crisis will move us a few inches forward in that direction.

Ah, and if you do any of the above, don’t say you did it because I told you to do so. This column does not intend to be any kind of financial advice.

Franklin @ September 21, 2007

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