The Hyperinfla​tion Safe

my family survival The Hyperinfla​tion Safe

This guest post is By Jason in Virginia and entry in our non-fiction writing contest .

We all prep for our own reasons. Oh, certainly it’s for the benefit of ourselves, our family, our friends, our nation, our faith, posterity, all of those have some hand in what we do. But we all prep for our own thoughts and reasons and fears. We, each of us, have our own personal, private nightmare of what will push our society over the already thin line from civilization to savagery.

For some its natural disasters, others a war to end all wars. Peak oil, martial law, pandemic, there are as many reasons to prep as there are uncertainties in our world. Fortunately, the basics of prepping overarches much of what we are preparing for.

For instance, whether martial law is declared, or a new superflu strain ravages the population, you will need to stockpile food. Whether the Iranians pull off an EMP attack or the West coast is rocked with a 9.5 earthquake, you’d best have water ready to go. Nevertheless, each scenario has its’ own unique set of circumstances, its’ own nuances, if you will, that have to be taken into account and prepared for specifically.

We try to prepare for as much as we can, but each of us has a nagging thought in our mind, that one situation we consider to be the most likely scenario, the one whose warning signs we know, whose effects we’ve researched and studied, the one who’s repercussions make the blood run cold in our veins. For me, that scenario is Hyperinflation.

Let me first qualify by saying I am not an economist. I don’t work for the Fed (thank God) or any ratings group in any way associated with pegging the economy, inflation or deflation. I did attend Virginia Polytechnic Institute (better known as Virginia Tech, HOKIE NATION!!!!) for four years, where I majored in Beer Pong and minored in Radford girls. At the end of four years, they gave me a degree in Business in exchange for my leaving campus (I still think I got the short end of that stick).

Following a stint in the service and a tour in the desert, I returned and used my G.I. Bill benefits to lounge around Old Dominion University where I got my Masters in Fantasy Baseball, emphasis on Player Personnel and Deadline Trades which they mistakenly spelled Business Administration, emphasis on Contract Management and Acquisition.

So I’ve taken a enough classes and studied enough theories to be classified as functionally stupid on the topic. Inflation, in a nutshell, is a continual increase in the purchase price of tangibles (things you can hold in your hands that have value, either in a denominated manner, or for what they can produce or provide for you). This causes the value of the currency you hold to decrease concurrent with the inflation rate.

The money you hold in your hand is worth less today than it was yesterday, because you need more of it to purchase the same unchanged item that you did yesterday. Take a 25 pound bag of rice, for example. Three months ago, you paid $15.00 for it. You ate it, it was good, you ran out, you go back to the store to buy another bag. Now the same bag is $16.00. The bag itself is the same. It’s still rice.

Measurements haven’t changed, twenty-five pounds is still twenty-five pounds. There hasn’t been some rice blight in Thailand or South Carolina to create a shortage, making it subject to the law of supply and demand. The rice is not worth more, your dollar is worth less. Now, imagine this multiplied by 2,500. Not good.

The wealth of an entire nation can be wiped out via hyperinflation in the relative blink of an eye (just ask the Germans in the Weimar era). Your purchasing power is non-existent. The dollar is now recognized world-wide for what it is: Green paper with lies printed on it. The dollar is removed as the worlds reserve currency, spiking prices higher and exacerbating the domestic problem. Stores are cleaned out as people rush to dump there useless dollars into anything that they can actually use. I could go further and on and on, but the Pack is a smart group of people. You all can follow through to the logical conclusion.

So what have I done to prep for this, beyond the beans bullets and band-aids that are standard for any scenario? Glad you asked:)

I created and filled my “Hyperinflation Safe”.

The hyperinflation safe contains what I consider my best bet to weather the initial onslaught of the problem. Let me say that there is no set “endgame” for hyperinflation. In the “global economy” we live in, there are too many variables (in my opinion) to try to predict how it will all shake out in the end. If I were betting worthless dollars, I would put it on the development and implementation of a universal currency. For those familiar with the Biblical book of Revelation, you’ll see and understand the obvious apocalyptic logic of that conclusion, but that’s an entirely different discussion. My goal with the safe is to get through the first 1-2 years of the death of the dollar. Here is what I have to do that with:

  • A Safe (obviously). Don’t over think on this one. A simple, fireproof safe that can easily be lag bolted into concrete walls or studs for security should be sufficient. Let’s face it, if you are somehow overrun by looters/thieves, facing torture, you are going to give up the combination. The safe should be something that can be hidden and secured from a smash and grab in your absence.
  • $2,000 in greenback dollars. This is in addition to any other savings you may have. Mine is denominated in 25% hundreds, 25% fifties, 25% twenties, 25% ones. Hyperinflation will happen quickly, but you will not go to bed with everything normal one night and wake up to greenback bonfires the next. There will be warning signs. International Bank Runs, Domestic Bank Runs, Domestic Bank Failures, Temporary Suspension of FDIC, increased Quantitative Easing with limited effects, stock market runs on commodities and an accompanying rapid increase in the price of gold, silver, and copper. When you see a combination of these, and through prayer or contemplation and discussion with those important to you, it may be time to burn through this cash while you still can. Use it to shore up whatever holes exist in your preps. There’s a bad moon ‘a risin (Creedence Clearwater was awesome).
  • 25 1 ounce Silver Canadian Maple Leafs. Some may prefer American Eagles, either way, I consider them comparable. This is to hold and maintain some type of purchasing power for larger situations. Silver and gold will spike in this time. Personally, I went with the 1 oz silver because, one, I can’t afford the price of gold and two, after the complete destruction of the dollar, prices in relation to the price of silver, will normalize and deflate. 1 oz of .999 silver, 2 in a pinch should help you handle any major purchases you find yourself in need of.
  • 3 5 ounce silver bullion bars. The purpose of these is two-fold. It is designed as a denominated holder of wealth to either get my family back on a solid track after the crisis, or two, to get us out of a serious and real jam. I don’t condone it, and I hope not to have to, but a well placed bribe has bought many men, women, and children out of dire straits and back into safety.
  • $50 in face value of pre-1965 us minted “junk silver” coins. For your everyday purchases in the transitional economy. Think of this as your one and five dollar bills of today. The small change, if you will, to acquire the day-to-day things we may need more of as the situation drags on. My father collected and accumulated these over YEARS. He split it amongst his kids when he thought we were smart enough to understand what having it meant. Man my old man is a sharp one…
  • Vehicle titles. The DW and I own all three of our vehicles, free and clear. There will be no justified “seizing of assets” for them. They might be STOLEN by thieves or the government, but we have legal claim to them. It may not mean much in the end, but it is better than nothing.
  • Social Security cards. Proof of citizenship in a martial law scenario, or accompanying heightened oppressive government situation that may develop under hyperinflation, is NOT something to be taken for granted. Ever. Birth Certificates. Same as Social Security Cards.
  • Passports. Never voluntarily become a refugee. Rule number one of prepping right? Key word is VOLUNTARILY. You never know where this crazy world might take you. If it happens to take you to a border crossing, a passport and one of those 5 oz bullion bars might just keep you moving in the direction you’re heading.
  • Taurus Millennium Pro .45. This is not a gun debate about how its better to have a Glock or a Kimber. This is what I have and the firearm I am comfortable with protecting myself and my family as a last resort firearm when I can’t get to any of my other weapons. It is fully loaded safety off with a round in the chamber, ready for emergency use. Folks, hyperinflation can and does lead to starvation, famine, and desperation. I don’t have to tell you how folks can get when placed in that situation. If it comes down to you or me (and I pray God it doesn’t), I’m doing everything in my power to make sure it’s you, and not me.
  • 3 extra clips for the Taurus Mil Pro. All filled with…
  • 3 full 50 round boxes of Federal .45 Hollow Point rounds.
  • A large, waterproof bank bag. You can generally get these from any bank. I got mine free from my local credit union by just asking. If this is an “empty the safe and run” situation for me, I can literally sweep all the safes contents into this bag and be gone.

As a final note, I built up my silver holdings over time, buying the 1 oz coins first in ones and two’s as I could afford it, generally one per pay period. The bullion bars were purchased after the coins, also in ones. The junk came from my old man. Normally, I would advocate acquiring these the same way we acquire our other preps, built up over time. However, silver is currently on a dip. If you can, I’d recommend getting as much as you can now.

Finally, everyone has to make their own way and their own decisions. I know my Hyperinflation safe may now work for everyone, and some folks won’t see a use for it at all, but it makes me sleep a little better at night, and if all else fails, all that silver will make great ammo for my slingshot :)

This contest will end on October 10 2012 – prizes include:

  • First Place : $100 Cash.
  • Second Place : $50 Cash.
  • Third Place : $25 Cash.

Contest ends on October 10 2012.

Comments

  1. Nice article. It gives a good concise list of what to consider for a “hyperinflation safe”. Thank you!

  2. village idiot says:

    This is the article I’ve been wanting to see. We’ve discussed many of the things in the article, but I’m glad we have it all in one place. Now for the nitpicking, hahaha.

    I really like the small gold coins for “greasing the skids” and wealth preservation. 1/10th oz. gold coins are only about $200 now, and they are very convenient and portable. I also have a supply of loose precious and semi-precious stones, many of them obtained at very low prices. I think they are also great items for wealth preservation and trade. And I won’t say anything about the Taurus. I’m glad you mentioned the passport. Everyone in my family now has one but me, and I intend to address that issue before the election, along with many other things, including more am-mo. And your hyperinflation safe will work for anyone IMHO. And no, you can’t eat gold and silver, but not everyone will want alcohol for their spare livestock, etc. Great article, Jason.

  3. Thanks for the info.

    Hyperinflation is a worry, and a major one at our house. I have many friends who also look at it, but feel their fixed debts will be able to be paid with “cheaper” dollars, thereby it being an advantage to stay in debt. After our last “banking crisis” I strongly disagree and feel the the government will take care of the banks by allowing them to adjust their interest rates, at least for loans, to compensate for hyperinflation.

    I do agree that physical assets are the best for a hyperinflation situation; although I like to have more diversification into food, clothing, and other “precious” metals.

    • Paying off a loan with cheaper dollars only works if your pay is adjusted up. Instead you may become unemployed, or not given a raise. Weimar Germany had strong labor unions with much political power, so they could force raises for their members. With union’s decreasing power in the US, forcing raises to compensate for hyperinflation is no sure thing.
      I agree that the government could pull a rabbit out of the hat to “save” the banks.

    • JP,

      I would agree that any existing debt will remain constant to the current dollar value when the debt / mortgage was incurred. So even in a hyperinflation state, where it could cost $100 US Dollars just for a loaf of bread, your mortgage payment of $750 (or whatever it is) will remain the same regardless how worthless those dollars become. The only changes would be if a loan is renegotiated or new debt is incurred after a crash.

      My concern would be in a hyperinflation condition is that runs on the banks would occur and the potential for banks to close their doors and freeze all assets for an indefinite period, ultimately making the checking account used to make those consistent payments worthless. So, it may be necessary to actually have cash on hand to send Money Orders purchased by those worthless dollars.

  4. This is a very well written post and I would agree with these suggestions. It is also well timed, given the events that may happen within the next few months.
    The silver bars you mentioned can be bought from JM Bullion, an advertizer in the right bar. Pre-1965 90% silver coins can still be bought through providentmetals.com at one dollar face value increments – even in small amounts.
    Thanks for the suggestion of the waterproof bank bag.

  5. Jason,
    A man after my own heart… I would add some small 1/10 ounce gold coins as well. Not as expensive as full ounces, easier to make change for and lighter than 5 ounces of silver.

    • of course tenth-ounce coins are less expensive, but each coin’s price above spot will be considerably higher when buying tenth-ounce coins in comparison with higher denominations. the shop i frequent charges 2% on 1 oz coins and 5% on 1/10 oz coins. this is the cheapest i’ve seen without a $1000-2000 purchase.

      • Sure. You are paying for the convenience of having the smaller sized coins, and I have found the markup from spot for a single 1/10 oz gold coin comparable to the markup for 5 Silver Eagles.
        It is still a way to diversify in obtaining gold for under $200 as compared to $1800, and the smaller coin would be easier to make change than a full ounce. I would only use full ounce coins for large purchases.

  6. Homeinsteader says:

    GREAT article, Jason – much to think about here. Thank you!

  7. I have a fireproof safe setup almost identical to yours: +shot records for the kids & pets, house & insurance paperwork and select receipts, substitute a waterproof milsurp laundry bag, and some dryer sheets to keep it smelling purty, so natually I LOVE your entry! I also keep a mini flashlight in there because where it is located doesn’t get much light to clearly see everything.
    I’ve got a trusty Hi Point 40, chambered w/jhp (but with safety ON), plus five loaded mags in the safe with fmj – my question is why the additional boxes of ammo in this safe? I keep the extra mags in there because I don’t want to separate the equipment, and there are no unloaded magazines in my house, always; I’m just drawing a blank on a reason for the ammo boxes and would appreciate your insight.

  8. The article was great, the sense of humor was priceless!

  9. Patriot Dave says:

    I have not done it myself. I am not even sure where to start. I have seen recommendations to obtain a passport from a second country. They never say what country, unless you pay for their program. One reason given, if the u.s. borders are closed to u.s. citizens, you simply show them another country. (they never mention not having immigration papers, or a complete search of belongings.) My first reaction is that I want to stay and fight for my country. On the other hand, if I was in russia or germany when stalin and hitler took over, I may want to get out of darmstat. Besides, if the U.S. collapses, where could you go that would not be affected? What do you all think?

    Regarding the gun in the safe. everyone expects that. Even with the safety off and a round chambered, you will not be able to pick it up, turn around and fire, by the time the person with a gun to your head fires. Or the person holding a gun to a loved one fires. It may be better to hide it on the other side of the room. grab it when they are distracted by all the gold and silver. Or leave it hidden until a more opportune time. IMO

    • Unless you legitimately hold dual citizenship, getting a passport from a foreign country, or getting a fake passport, would probably involve committing felony fraud. Unless you are already a criminal on the run, committing felonies just is not worth the risk to cover a possibility which is relatively unlikely to actually occur. Your whole family would need them: That means your whole family would be committing felonies all day every day just by possessing them.

      Part of surviving is maintaining a low profile. Committing felonies raises your profile way up there. As soon as the warrant goes out you are in national data bases, and maybe international databases as well. Having a felony conviction on your record can keep you out of many countries, and from legally buying or possessing guns in ours. If you have a record which prevents you from having guns, then having guns and ammo means you are committing multiple felonies 24 hours a day.

      My policy is to keep it squeaky clean at all times. If you qualify for a second passport, by all means, go for it. Otherwise, my belief is that avoiding anything which can draw the attention of the Man is the way to go. I do not want to be in jail, or worse, prison, when the SHTF. If I am locked up, I can’t help my family or myself.

      There are higher priorities than second passports. One of them is having a legitimate passport for every member of the family, and enough cash to use them if need be.

      I agree with Jason that we should have a meaningful store of ready cash for emergencies, and a store of wealth in silver and/or gold. Gold, particularly, is flight capital. You use it to escape, and convert into local currency to tide you over. Think of the refugees in the movie “Casablanca”, selling their jewelry in Rick’s bar. Same thing.

      If you think international flight is a possibility for you, then I’d stick with coins or bars minted by governments, or maybe the biggest internationally recognized private mints. You may get off-brands a tiny bit cheaper, but they sell at a bigger discount when you dispose of them in another country. They may not even be real, because there are a lot of fakes out there.

      This is an area not to skimp on quality: International flight capital needs to meet international standards. And passports need to be kept up to date!

  10. Soggy Prepper says:

    Very well written and explained in ways I could even understand. Also enjoyed the humor.
    More stuff to think about now, thanks.

  11. j, AWESOME JOB! hope the move is going well too.

  12. Hunker-Down says:

    Jason,

    Your well written article, imho is the most important, and timely topic I have seen in my daily, multi hour search of prepping topics EVER.

    I was going to post the following next Saturday, but it belongs here.

    I found an article that consolidates my fears about our financial future, and here are a few thoughts from the article;
    ~~~ Suppose we have an (t-bill) auction and no one shows up?”
    The cascading impact would be unknowable. The world could decide to dump U.S. Treasuries. Prices would plummet, interest rates would skyrocket
    Credit markets have (or nearly have) stopped US government debt financing. That’s why we have the Federal Reserve, the counterfeiter of last resort. If government can raise the debt limit, then it would be legal for the Treasury to issue new debt. The Treasury’s sibling, the Fed, would buy it (via the T-bill auction) by printing new money.
    No one would buy US Treasuries other than the Federal Reserve. Raising the debt limit only puts the government more hopelessly in debt, ensuring that Treasuries will be even more difficult to sell. Bernanke will be printing money until the electricity is shut off or until hyperinflation shuts everything economic down. ~~~
    Two years ago the word ‘hyperinflation’ was rare, now I see or hear it almost daily.

    The only place I depart with your thinking is on the safe. I prefer to have our “hyperinflation Safe” buried in the yard in anticipation of being burned out by a gang of starving sheeple. We don’t handle passports and birth certificates more that about twice in a decade, so having to use a shovel to get at them is not an inconvenience.

    Thank you for consolidating all the loose ends in my mind concerning how to prepare for hyperinflation.

  13. This is a very good article. Well written, with good information, and only one typo:) I like the waterproof bag idea as well, and will probably implement the purchase of some other forms of silver in addition to 90% coins, and a few 1 ounce bars.

  14. Good article. I like your comment about having clear and unencumbered title to vehicles as well as all your possessions. I can’t say enough about fire proof safes. Get one that can be bolted down, not the type that’s portable, even for your important documents. A thief will take anything that’s not bolted down.

    “They might be STOLEN by thieves or the government…”
    There’s a difference? I wasn’t aware of one.

    As for the “extra clips for the Taurus Mil Pro.” I’ve been a shooter all my life with five years in the Army and 15 years as a cop, so I’m going to nit pick on one of my favorite nits. A clip is used to hold paper and bullets together. A magazine is what clips are used to load bullets into, such as the stripper clip used to rapidly load an M-16 mag. If you’ve experienced M-1 Thumb, you’ll know that a clip is used to load the M-1 Garand. If you’re not very careful, when you jam in the rounds the SOB’s bolt can slam shut on your thumb (I hate it when that happens).

  15. Jason, outstanding article! We are close in our beliefs as to what the most likely cause for a SHTF event would be. I started buying silver and gold coins about 18 months ago as well. I have also located some junk silver too. I like the coins for purchasing and barter in a SHTF environment as I do not just want to have bullion that I can’t carve up to buy a goat or some food. I also concur that the hyperinflation will be gradual and we will see all the scenarios that you mentioned including “Bank Holidays”. I started a bank holiday fund that goes in my safe. All it is is a few $20’s every couple of weeks built up over time. It sounds like you and I also had the same college curriculums LOL!

    d2

    • hyperinflation is NEVER gradual. the “hyper-” suffix may clue you into the fact that it is a fast-acting result of intentional monetary policy. it’s not a freak of nature. it’s a policy choice made by central bankers and politicians.

  16. Timely article…

    We have made the decision to withdraw the bulk of our financial assets out of the bank & either invest them in land, buildings, prep items, etc., leaving only a few thousand $$$ actually in the accounts IOT negotiate monthly bills, etc.

    Pay off any future short term loans as quickly as possible & only operate through a credit union.

    Stock up on tangible currency that the government does NOT own.

    Goal is to keep it out of the evil clutches of the U.S. Government…

    • Westpac,
      I am not sure that dealing only with a credit unions is much, if any safer than dealing with banks. Credit unions kep most of their liquid funds on deposit in…banks. Also, the principal asset of most CUs is the portfolio of loans owed by their members-if the members can’t pay because of problems with their banks, the CU will not have the funds coming in to meet withdrawal requests. The Fed ultimately backstops the liquidity of both banks and CUs. Bottom line, if TSHTF, you’re not likely to be any better off using a CU than a bank. In fact, you may even be better off having your deposits in a big bank, since those are the ones who will be at the top of the list to get emergency cash shipments. IMHO everyone should start keeping more cash on hand, though that creates its own risks. TANSTAAFL

      • Homeinsteader says:

        GB, the idea that the Feds will bail out the big banks FIRST is not necessarily true. I worked for the FEDs back when they were shutting down the S&Ls. In fact, that was my job – helping shut them down – and I got to help send a few bank execs to prison for stealing depositor funds….that was the most fun I’ve ever had on a job! But I digress…Big Banks (you know their names) were in much worse shape, even back then, than even the worst S&L on the books. But gubment didn’t want people to know that, because it was a lot cheaper to go after the S&Ls than bail out the big monsters. It made the gubment look good, like they were actually doing what they said they would do to protect depositor funds. Be that was just a Band-Aid, and we ALL knew it. 25 years ago. NO, they’ll start bailing out the little guys first to give the initial impression of having the ability, but then run out of money before they get to the big banks…that’s my prognostication on the matter.

        • Homeinsteader,
          I’m no talking about the type of bailouts we’ve had up to now, I’m talking about if lines start forming at banks and the Fed needs to send out emergency shipments of cash, there will Be a limit on the number of vehicles they can send out, even if they have enough physical cash on hand. I just believe that if lines are forming at “big” banks as well as small ones, the trucks will go to the big ones, as those will have more customers, bigger lines, more media coverage. It may be more of a big city/small town breakdowns, but I just think the cash will go to where the media is.

  17. SurvivorDan says:

    I’ve been fixated on long term foodstuffs, supplies and ammo. I could not go to the store and still eat (and shoot) for a couple years. I can roll out paracord for miles. I could wrap the entire house in tarps and have spares. I can only store so much. Got a little gold but I can’t bring myself to buy any more at today’s prices. Maybe silver is the answer. There is hardware and more tools to get though……
    Silver would be better in a bug out situation.
    I will divert a little bit every week and buy some silver. Every week. Good idea Jason.

  18. SurvivorDan says:

    Hard not to buy ‘stuff’ as I know it is all costing more and more every month.
    Must….not……shop…….

    • Homeinsteader says:

      SOMEBODY needs to start that 1SaleaDay recovery program; why not you, SD? How many takers would we have?

    • SD
      Too funny “Must….not……shop…….”

      It is hard to not continue buying provisions of any sort when you see the costs increasing almost daily. It is almost as if we all want to ‘get while the getting is good’ in other words; use up the becoming worthless dollars while you still can use it as the common currency.

    • SurvivorDan says:

      See! Went for straw bales. Sale on alfalfa and pellets, so i got both of them as well. Stopped at the dollar store JUST for bleach (weed killer) and got a dozen gallon plastic containers.

      Stop me before I shop again…

  19. Suburban Housewife says:

    Oh my goodness – always so much to learn, and buy. I liked this article a lot – very clear and easy to understand, and fun to read. What I don’t get is here you have all this silver and gold – how are you supposed to know what it’s worth when you have to start spending and or trading it?

    • Hunker-Down says:

      Suburban Housewife,

      If we were in the middle of hyperinflation, how many dollars would you want if you had a loaf of bread to sell? The answer is the same if your buyer had dollars and no silver, or, had silver and no dollars.

      It depends on your deciding if you can best use one or the other for any purchases you might make on the following day.

    • the very same way you determine if the price for a loaf of bread is too much or too little. bid/ask procedures work the same in the rule of law as outside of the rule of law. you may offer something as payment, your counterpart may reject, accept, or counter the offer. it’s really not that difficult.

    • SurvivorDan says:

      Market value. You’ll know what it’s worth by what folks are willing to give you for it. It will take a little asking around and a bit of trading.
      The perceived value will become apparent quickly.

  20. Jason:
    Just repeating the previous posts. Well Done! Cos

  21. Great post, Jason.

  22. I was wondering about the passport issue. A friend recently needed one and the out of pocket cost was about $100. Where would you go? I’m not saying this is a bad idea, just wondering in what instance you would leave and if so, go where? If I thought I could make it across the border into Canada and go to Alaska, etc. I understand the concept but would we really be better off considering we are not familiar with the terrain, wildlife and so on?

    • Homeinsteader says:

      The answer to “would we really be better off?”, in my opinion, is “NO!”. Such a move would, itself, be very stressful, and possibly “drain” you and your posse of resources: physical, mental, emotional, financial, etc., that might be better placed elsewhere when SHTF (and it’s about to hit).

      You would have to hope you can learn enough, fast enough, to survive in the new environment. I have my doubts on that one.

      You would have to hope the locals would welcome you, and they might not. Who would be trustworthy? Will they quickly turn you in for a minor infraction, one you might not even know about? Will they be suspicious of newcomers, leaving you to be an “island”?

      Applying for a passport these days will almost certainly shoot you to the top of some lists; you may not want to be on the top of those lists.

      So, changing countries is not the answer. Changing locations within your country? Depends on your present circumstances, whether you would be better off, be better able to sustain in the long term than where you now are, whether you’d be taken into the “local” fold or treated as an outsider.

      Alaska does not require a passport, of course. But it’s a very harsh environment, very sparsely populated, so, it’s not that hard to find people – they are fairly well concentrated in livable areas; those outside those areas are few and far between, so, it’s not like becoming a jelly bean in the jar!

      So much to think about….

    • You even need your passport (or passport card) to go through Canada these days, even enroute to Alaska. It is also needed to go into Mexico now too.
      I have kept a current passport since the mid 1970’s as I have needed for business travel, as well as personal travel too. The new passports include an RFID chip in the cover, so you may want to consider getting a RFID blocking wallet for the passport as well.
      They are also good for proving citizenship on I-9 employment forms.

    • will e styles says:

      A passport will also prove identity and citizenship when the power is out and the military is manning check points.

  23. i think having savings on hand is a good idea, but the writer clearly does not understand the definition of inflation.

    inflation certainly is not caused by “rice blight in Thailand or South Carolina.” a price increase due to a fungal infestation is a function of supply and demand, not a function of underlying devaluation of the currency. what the writer describes is a price increase related to reduced supply, not inflation.

    inflation is the result of too much liquidity for existant demand of goods and services. inflation is related to very, very easy credit, which speeds up the velocity of money. inflation is the result of deliberate governmental/central bank action, not a crop blight.

    the writer’s description of his wasted college years is more accurate than his definition of inflation.

    • Definition of “inflation”:
      1.The action of inflating something or the condition of being inflated.
      2.A general increase in prices and fall in the purchasing value of money.

      Doesn’t matter what the business definition is – this forum is about practical application. Jason is speaking of a time when our money will have far less buying power than it does now….regardless of the cause.

      Please go back under your rock, Mr. Nasty Sam, unless you have something of value to contribute.

      Thanks!

      • i agree that he is TRYING to talk about that, but he’s providing a factual inaccuracy, which i corrected. it is of fundamental importance if that increase in price is related to supply or currency devaluation. if it is a supply issue than in many cases supply can be improved, possibly by an industrious person with a good idea. if it’s due to hyperinflation, then the whole economy dies.

        also, your definition is for inflation, not hyperinflation, whihc is the subject broached in teh article. maybe you should go back and re-read.

    • you dont say!!! im really looking forward to your work on this subject. when will we see it being posted?

    • Sam, you need to go re-read the article. Jason has it right.

      Jason, very nice article. Easy and fun to read. One thought, since your Dad saved these coins for years, and didn’t buy them from a supplier (who would have searched through them before selling them), I would suggest that you examine them a little closer for potential numismatic value. Get a copy of The Official Red Book (author: R.S. Yeoman) and look them up. You never know, you may have a hidden treasure. Good luck!

      • i read the article twice to begin with. his definition of inflation is one only related to price increase. price and value are inversely related when discussing inflation of any type. maybe you should explain why it’s a currency issue and not a supply issue with the example he provided?

    • Homeinsteader says:

      sam, it’s good to share your “opinions” as we learn from one another, but please do not “attack” another pack poster. Your last sentence certainly sounds like a personal attack.

    • Hunker-Down says:

      sam,

      When coupling too much liquidity with crop blight, what do you get?

  24. Excellent article, Jason! Thank you! I have wondered how to handle some of this stuff and you have painted a clear picture for me to consider step by step.

    BTW, Wolf Pack, the news sure isn’t good today, is it?! Sure makes one wonder what will be next…a ‘wag the dog’ situation?

    Prayers for the Pack and our country!

    • Homeinsteader says:

      No, the news is not good today, Copperhead. And not likely to be any better today or the next day…not for a while, anyway. But here’s the good news: G-d is and will always be in control AND WE will not be taken by surprise in any of it! It’s all good!

  25. Back to the clips/magazines…springs in mags take a compression set if left loaded too long (no set time so days, some months some decades) and you will find at your point of most need a single shot pistol, sorry Hi Points are not known for their five star materials on build. But even first class metal will lose “push” if left stressed over long. Having a couple mags besides the one in the gun loaded and extra ammo in boxed form is a good thing. One tip for mag fed guns, down load the magazine by about 1/3 its capacity this decreases the compression force on the mag spring exponentially and allows longer storage life with better likelihood of full function at time of need, which should allow a fast reload.

  26. Nice article. I could quibble on a couple minor items on the currency selection. But, meh… you have the idea down!

    Thanks for the idea about the waterproof bank bag. I had not considered the necessity of a grab and run like that…

    Cheers.

    Keith

  27. As usual, I learn something new from every one of these guest posts. The “grab and go” idea was something I hadn’t considered before either – thanks, Jason! :)

  28. We are buying a house that has a safe imbeded into the concrete floor. No one has the combination and its open, so no treasure. My question is where, who do I call to have the safe rekeyed so we can use it. It is certianly secure being imbeded in the concrete floor.

  29. Deb call your local lock companies and ask if they have the codes or work on your make of safe. Anyone of them can rekey if its a key instead of a combo lock….course then they will know about it :)

  30. Re: passports…….they are valid govt issue ID, meaning…..hand your passport to the police when asked for ID (there’s no address listed on the passport), or to the bank, or to airport security, etc…….numerous uses for passports other than leaving/entering US…..

    • I know a young man with no drivers license. He uses a passport for id. He once had to tell a local cop that A passport was a form of id and it is a federal id unlike a drivers license. The cop left him alone after that.

  31. Total agreement. We’ve reduced our lifetime of savings to pay off our home and buy a rental, stockpiled as we go along and generally prepped as we can. As small as our savings funds are at now we are planning reducing them again knowing hyper inflation is a certainty. The FED is printing $40 BILLION a month until things are ‘normal’? The middle east heating up? National debt above $16 trillion and climbing. Real unemployment at 15%. And you say you can’t prepare?! I believe the economic doomsday clock is about to strike and pray GOD will have mercy.

  32. Sometimes when I read the blog I get pretty scared….am I doing enough, quick enough? Is there more I can do? Of course, but like so many others it is a question of finances….I am a 100% disabled “Nam Vet and rely on the govmint to pay me….my wife does work but she isn’t real sure we need to prep, although she “humors” me when I try to discuss this and when we go out and I see something I think we “need”….anyway, I am hoping that things hold together until at least the elections if not the first of the year….will be more ready….and I found out we can us the 20# gas cylinders from our grill on the gas range stored in the shed….have several of those(cylinders-full)…..am also into firewood scavenging…..have a chain saw to cut up pallets, etc.still working on getting the sand point down, but my friend will come over possibly this weekend if not of an evening and help….

    Lewis

    • >>and I found out we can us the 20# gas cylinders from our grill on the gas range stored in the shed….have several of those(cylinders-full)…<<

      Hi Lewis, That's a great idea. We have an electric stove/oven in our kitchen, but a two burner Coleman propane, and an off-brand single burner someone gave us, which we use for camping.

      We started out with the little cylinders, but they are pretty expensive. We bought one of the 20s, and recently added another. One cylinder is all we need for camping, even with the stove and a Coleman lantern hooked up to it via a tree, but the extra is for emergencies, most likely to be either the aftermath of a hurricane, or possibly a big earthquake. I'll likely add more when the right opportunity comes up.

      Come to think of it, one could do worse than a supply of single burner stoves, bought second hand at swap meets, for trade goods. Lanterns as well, but all would have to be bought cheap.

      Good swap meets are great for second hand stuff, you just need to get there while the first vendors are setting up, go regularly, and be opportunistic: ready to buy stuff you want only when it's cheap, and ready to buy stuff you hadn't thought about when you find it cheap.

      If one has good swaps conveniently close they are a great resource. They let you really stretch your budget, and that lets you buy other stuff you couldn't otherwise afford, like extra silver, or gold, or ammo, or whatever. We have two less than 10 minutes from our house, so I go three days a week, on weekends around 5:00 AM, Wednesdays a bit later as they set up later.

      I am a huge believer in buying second hand. Let the other guy pay retail, and I'll buy it from him for 5 or ten cents on the dollar.

  33. Great Article. I am working on buying more survival food and supplies. I am not sure what good gold and silver coins (I do have some) are in real bad times. Would you sell part of the food supply for gold or silver, if you could not replace it?
    Keep a low profile. A friend today could be your deadiest enemy tomorrow.
    If Obama get re-elected, look for all hell to brake lose in the next few months.