This is shocking. When I wrote yesterday about hyperinflation beginning next year, I had no idea that I would see evidence of it just hours after posting my article. Capital controls are the first sign of hyperinflation, and Chase Bank fired the first warning shot by banning international wire transfers and limiting cash transactions – for small business accounts. And, the word now is that they are beginning to expand these limits to large businesses.
This is beyond serious. In fact, I do not think that it is possible to ‘over react’ to this news. And, I know this because I lived for a while under these circumstances – as Israel recovered from catastrophic hyperinflation. So I am acquainted with what is beginning to happen, right now. And, the effects of this disaster will reach into the pockets of everyone on the planet. Everyone.
You see, hyperinflation is survivable if there is another strong currency to turn to as a store of value. The average Israeli and Zimbabwean could get US dollars on the black market. But, what happens to the average American when the dollar fails? What happens when they have no ‘strong currency’ to turn to?
Nothing good. Nothing good at all.
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Hyperinflation is also survivable if the society that you live in has a good value system to fall back on – like Israel in the ’70s and ’80s. Look around you. Do you see anyone exhibiting anything like a good value system?
Yeah. I don’t think so. We have rapacious neighbors, a rapacious government and rapacious banks. We’ve eliminated morality from our society and taught ourselves to take what we can get.
What do you think is going to happen when financial disaster strikes?
We’re going to tear each other apart.
But wait, it gets worse.
America also has powerful external threats that have been waiting to establish their own spheres of influence. Russia, China, Iran and Islamic groups are waiting for just such an opportunity as this.
Oh, resources. Let’s not forget those. On top of hyperinflation and threats to US security, we’re going to see an even greater increase in the cost of oil and raw materials.
Things are going to fall apart, and you must get ready. In a worst-case situation, you may only have minutes to react to what is happening. And yes, you MUST prepare for a worst-case scenario – and hope that your preparations never get used.
So, here’s what you need to do:
- Get out of the city.
- Have a safe place to retreat to, as far from a city as possible.
- If you cannot trust your neighbors, find new neighbors.
- Have a secure access to food and water – as well as whatever medication you need to survive.
- Be able to defend yourself.
- Once you have done that, convert what money you have into something that will retain its value in a hyperinflationary environment. I recommend Gold. (Keep as little money as possible in the banking system.)
- Prepare to help others, so do extra of all of the above.
And, do this most of all:
Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man. – Luke 21:36
Please treat this seriously. Bad times are coming – very, VERY bad times.
May God help us all.
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