A good advance source of knowing where inflation will hit is to read the Wall Street Journal as often as you can. They tell you what commodities will be affected...Brazil - coffee, suffering from drought and freezes; Vietnam - coffee, shortage of labor b/c of Cvd plague: Computer chips - shortage of tin : Wheat & Corn - USA drought. So forth and so on.
They have both print and digital subscriptions. NOTE: If you have students at home, they receive 75% off the normal subscription prices.

 

The plan? Stay out of debt, downsize everything but the pantry and garden. Covid has already helped with a lot of that. No more 3 day weekends + concert tickets. No more major hauls from a day of garage sales.

 

You want debt if inflation hits.

 

fixed rate debt only (e.g. mortgage)
Keep as little cash as possible
Diversify cash into crypto, gold, etc.
Invest the rest in index funds and real estate which will be somewhat inflation resistant
Keep 6 months of food and other goods

 

Grow my own food (fruit trees, chickens, and sheep).

Rental properties. I can raise rent as inflation happens.

I have a gun business which I have been stocking bulk inventory when ever there is a great sale on an item I sell.

Silver.

I paid off all my debt since all I had left was the loan on my homestead and I wanted the security of not losing it.

 

Real values instead of paper. Real estate, tools, equipment, metals, machinery, vehicles, spare parts, food and other barter items.
I am in a comfortable place..

 

Skills are another important prep.
I lived in a mountain community and if you did not have several skills you didn't last long.

 

Gone Gualt, everything is paid for, small stores upgrades once a month. Nothing else to spend money on.

If one bag of beans is $100/Lb. I won’t be buying them. If no one buys what your sellen, you lose.

 

Is inflation or even hyper inflation a real possibility for Americans in the near future.

Is inflation a real threat. Yes. What means am I taking to prepare for it? Not as much as I should be. I think the best protection of wealth is precious metals. I’m just apprehensive about going that route and converting a significant portion of my assets into gold. I dabbled with crypto currency’s for a while and have about $40 worth of Bitcoin. But I don’t think I trust putting my life savings into a currency that stops existing when the power goes out. And how long do we really expect those crypto currency’s to last once big brother decides to give himself control over that system?

 

Inflation and devaluation of our dollars are major concerns anyone of normal means should be very concerned with. Crypto maybe a hot thing now, but how will it stand up when people begin draw-downs (like they do to banks during a depression)? Whether paper money, gold/silver coinage, you will make out better with gov't issue. Suggest you think basics with a cash emergency fund, and keep exchangeable items available that would be in demand after the economy bottoms out. You might try reading, "Surviving the Economic Collapse" by Fernando (Ferfal) Aguirre; and look into the forum on this site dealing with economic collapse/disaster.

 

Pick up a second job or some part time work.
I normally work no more than 200 days a year. My profession allows me to pick up some extra work pretty easily in my time off if needed. Also, keeping your belongings in good shape lets you not have to worry about major repairs when prices are sky high. Also, it sounds shi+++++tty but as people loose their jobs or are victims of the inflation they will be selling things for a good price. Having cash on hand can get you some bargain basement deals.

 

I really like the part time work idea, but 99% want vaxxed-n-masked, hell no. That‘s why I quit my good paying job to begin with.

 

Is inflation or even hyper inflation a real possibility for Americans in the near future. I see inflation as a real current threat. Everything seems to be going up everywhere I look. Look at all the government spending and debt between the feds, state, and cities in the USA. How much more can the poor US dollar take before it can no longer hold up or even break?

I am currently in negotiations with my wife as we speak to broker a deal where as we start accumulating consumers good for the next 5 years use in exchange for us buying her a new vehicle. Of course space is an issue so I am not sure how valid or practical it is to try to buy non perishable goods now for the next 5 years use. Silver and gold seem like good inflationary tools but that has its limits and usefulness in certain scenarios. Whiskey, ammo, and other items are good preps! I hope that I am alive in the next 5 years and since I enjoy wiping my butt with non sand paper like TP, I figure stocking up on soft TP seems like a good prep! But like I said, space is a factor. Of course, money is also a factor.

So my question is very simple.

What is your plan to combat inflation or, God help Us, hyperinflation or do you feel like inflation is not coming?

Well, step 1 is to go back in time and start implementing this plan a least 2 years ago.

Absent that, every day now the dollar is rapidly falling in value as products rapidly increase due to inflation, supply chain problems, and soaring demand. Other people are aware of this too, and the term is called "defensive spending" which means everyone is doing this same strategy to buy up needed items and get rid of depreciating dollars as fast as possible. It's a death spiral of inflation or hyper inflation.

Anything you can turn your dollars into that you will need or use in the near or long term, that you can store without inventory holding costs, etc. you should be doing. Defensive spending.

 

We were married in the 70's - 20% inflation, gas rationing, etc. I remember my brother "scoring" a mortgage at 13%. We survived and even prospered. How? Living within our means (yet still enjoying life), starting a business, gaining skills through education and earning extra money with side gigs.

As "bad" as the economy was, those years were some of the best years of our lives. I'm not saying not to reasonable prep, but you still have to enjoy the time you have on this earth - otherwise what's the point?

 

Ditto about that era being the best years of my life. I think people got along better and were more social. An older person (I'm now in my 50s) said "everyone was into partying".

 

Let it happen..






You cannot fight it. it will occure regardless, and all planning in the world wont undo it.

pay off debt. Think rationally on items that are not dependant on those things requireing money like utilities, and gasoline.
think about that.!

 

Let it happen..

You cannot fight it. it will occure regardless, and all planning in the world wont undo it.

pay off debt. Think rationally on items that are not dependant on those things requireing money like utilities, and gasoline.
think about that.!

There's a far different theory, and that one is that if you have a reliable source of growing income, then assume MORE debt now as long as it's fixed and you can pay it off with future increasing earnings.

In fact, one nefarious theory about this inflation now is that our US government is doing it on purpose as a way to depreciate out dollars so that it's easier to pay of $30 trillion in debt with future worth-less dollars. Borrow for things now, repay later with lesser value dollars.

Think about it in hindsight. Imagine if you could pay of a $30,000 California 1950s beach house today with your income today? The house appreciated to $3 million, and you're paying off a $30,000 mortgage on a contemporary salary.

 

my hedge on inflation is trying to buy as little as i can down the road, buying fencing way before i am ready to install ,,planting fruit trees, bought another tiller in spring ,,,its still new in box ,same for a second gen set [smaller one of several]
trying to look for materials i can use farther into homestead build, like shingles and wood heaters[green house] stocking a years worth of gas for tillers /gen usage
got several propane tanks ,25 and 100 and a camp stove and full sized propane stove as well[summer kitchen],use electric in house right now

for heat i got fuel oil furnace with full tank of oil ,with a wood heater and over a years worth of wood piled on property

am building my food stores and long term is garden seeds and improving those areas including a way to irrigate the acre of garden ,and fruit trees, bushes

most of these were before covid so during that time i stacked cash ,,,lumber is starting to drop some so these funds will start buying things again as prices drop and pay bills/taxes for next couple years at present rate

 

My strategy to fight inflation:

Pay off all credit card debt (already done. If we DO use a CC for something, we pay it off right away.)
For online purchases, we use a prepaid card - no interest, and we are limited to what we have put onto the card.
Raise as much of our own food as possible. Right now, that's cattle (have 2 in the freezers already); a few pigs (one in the freezer); goats (milk and cheese); turkeys; chickens (eggs and meat); the garden; and the orchard.
Know how to preserve the food that you produce (canning, freezing, dehydrating, freeze drying) and have the supplies/equipment to do so
Things that DON'T grow here (coffee, rice, etc.) I have stored enough for multiple years. When I find things on sale, that's when I stock up.
For other payments (vehicle, tractor, mortgage) take "extra" money from having paid of CCs to pay those off early/as soon as possible
Precious metals as a store of value.

I stay away from cryptos, because extended power outage/hacking can wipe them out instantly
I stay away from the stock market, because stocks are only as good as peoples' desire for those stocks. There have already been stock market "crashes" where people lost everything..

 

I stay away from cryptos, because extended power outage/hacking can wipe them out instantly

Yes to hacking if you don't have good opsec. No to power outages unless you're talking about the entire world going back to the stone age. Other than that, I agree with what you've said and it looks like a great plan.

 

Prepaid credit cards often have fees, some have big ones. You have to check.

 

You cannot "Fight" inflation. It will continue to increase at a high rate but you can benefit from it by owning a home, stocks, and other material things.

 

Also low interest debt. You can buy things on credit at a fixed rate now and pay for it with the inflated currency. A rent house would be a prime example of a good thing to finance.

 

In my almost-no-income state at the moment until I get my books up and they start selling, my plan for inflation is to get skinner rapidly .

Honestly, I read a lot about the Great Depression and the collapse of the Soviet Union. Everyone who's lived through hyperinflation relates that they survived because they focused on water, food (storing and growing), hygiene and faith of some type that what was happening isn't all there is to life. We're slowly stocking up on food as we can, planting things, finding alternative sources besides the grocery store, and making sure we have medications, blankets and clothing for winter.

Sometimes it amazes me that I'm doing all these things and calling it "prepping" when my great-grandmother called it "living prudently". I think she'd want to whack me upside the head and say "Get off your lazy behind, shut off the computer, and go dig." So I plan to do a little of that every day, and also do what my great-grandparents did: My grandfather worked with the irrigation district, was on the school board, and a deacon at his church. He knew those people he encountered every day were the same ones who'd show up when a storm threatened to take out a crop right before it was harvested, if someone was sick enough they couldn't do morning chores, or when the storage barn burned down after a lightning storm. Everyone did a part every day, then pulled together when times got really hard for one particular person.

To me, having your very own infrastructure in place is the best preparation for inflation possible.

 

I think I still have my WIN button from the last time the Democrats did this.

Whip Inflation Now!

 

I am pretty sure Gerald Ford was a Republican.

 

Inflation will prolly help me in the long run. I have fixed price long term debt and very little assets in cash accounts. I also own a business and can raise my prices with inflation fairly easily.

Sure i will take a short term hit from economic slowdowns related to inflation. But that is the extent of my exposure.

 

Why the hate on debt???

If you don’t have property now and no capital, you can lock in a small, rural property via USDA or other program at 3% fixed at today’s prices with only a tiny bit down.

If you lose it via foreclosure due to economic collapse, are you really any worse than having just rented an apartment?

if there isn’t a collapse, you win... especially when you watch rental prices continue to rise.

 

Even if you have capital, buying a rental home with 5 or even 20 % down makes sense at a low interest rate. You can rent it out. If inflation hits you win. If big inflation hits you could win big.

 

The Alpha Strategy by John Pugsley. Never read the book. Completely agree with the concept. (Stockpile goods you know you will use regularly). Copyright 1980.

Here it is on pdf:

book2 preface (wordpress.com)

T

 

Stacking toilet paper

 

 

I will challenge Janet Yellen to a boxing match with no substitutions. The wager is that there will be no more money printed until our debt is paid off if I win. If I lose then I’ll mow her yard once a week for the rest of her life.

The rules are no substitutions and it’ll be a good, clean match.

 

The knee-jerk aversion to debt in a thread about looming inflation is peak Survivalist Boards. As long as you can service the debt you get what you need NOW because it will be immensely more expensive in the near future. Do you think your income will keep up with inflation? No? Then get what you have been putting off NOW because you won't be able to afford it later. Service that low-interest fixed debt with inflated dollars later.

 

As long as we are talking ONLY about inflation you would be correct but bad news "normally" travels in packs, such as inflation, unemployment and market crash or something of this nature.