“Do not fear, for I am with you; Do not anxiously look about you, for I am your God. I will strengthen you, surely I will help you, Surely I will uphold you with My righteous right hand.” Isaiah 41:10
The economic climate is something that influences each and every one of us. In the past several years the economy has been in a downward spiral that has caused numerous people to be worried about the future. Fear is widespread in the marketplace, and many individuals have lost their hope and joy. Those who have placed great trust in the government, capitalism, savings, or even their career, are now struggling to find direction.
Obviously, with the economic difficulties, there are high rates of unemployment, entrepreneurs are closing their businesses, and new company ideas are being placed on the back burner for now. Numerous people are struggling just to get by financially and a lot of families are heavily in debt. Even kids and young adults are struggling with discouragement and have doubts about their future opportunities.
The housing market has tanked, and foreclosures on an all time high. Hard-working individuals are losing their homes and families are struggling just to pay their monthly mortgages. Shelters for the homeless are over-crowded and even the non-profit charities and ministries that try to serve people are running low on money and supplies that they can offer to help.
So with all of that to deal with, now we hear financial experts share concern about inflation. Since our Country has had limited exposure with this type of financial peril, some people may not be completely aware of the difficulties presented by inflation – and especially hyper-inflation.
Now, for this article we will not get deep into simple inflation. Instead, we are talking about a financial shift so massive that we can see prices double in a very short period of time. An impact so strong that price of goods can be drastically altered in a few months, a few weeks, or in some parts of the world less than a day.
Economic studies have typically included the understanding of inflation. What the experts are stating at this point in time is that we are headed down a path that is going to take us into hyperinflation when we certainly want to get into a recession.
Some people accept that throughout history we just have to allow the economic climate to go through these cycles. Occasionally it is good and at other times it isn’t. Nonetheless, there is adequate information and facts now that shows by correctly understanding hyperinflation, what causes it, how to take action, and especially how to recover from it, the US dollar can easily be secured.
As a Nation we are fortunate that there have only been two documented times in history when hyperinflation has occurred in the Country. Yet, many analysts absolutely believe it is on our horizon so we would be wise to prepare and make adjustments to avoid it, or lessen the impact.
All of us out there have been dealing with the tough economic times. These difficult times have been an element for everybody from the top to the bottom of the financial scale. In a time of global economic values and online companies that deal all over the world it is even more significant that the value of the US dollar is maintained.
As you learn more about hyperinflation you can certainly stop feeling like you are at the mercy of the government or society to assist you in getting by. What you will certainly even realize is that numerous individuals blame the government for not being more supportive or helpful to hurting families, however the increased government assistance programs can actually be a catalyst in triggering hyperinflation instead of reducing it.
Gaining a better understanding of the dynamics might help you to diminish panic feelings about what is going on with the economic climate. It can certainly even help you to see why extending more credit, printing more cash, and even diminishing taxes aren’t solutions that can help our economic difficulties.
There are no simple solutions either to slowing inflation or stopping hyperinflation completely. Of course, there are many theories and opinions out there and there are likewise those who believe we can easily master from the mistakes of the past in terms of how the economic base of money in the USA is operating. Unfortunately, with diverse opinion, political gridlock, and global responsibilities, the responses are far from certain.
In future posts, we will continue to discuss preparation strategies and offer tips to help you navigate the difficult times. For now, a simple strategy we offer is to begin developing a long-term food storage program. If the dollar does collapse, you certainly don’t want to be paying $25 for a roll of toilet paper. Get it now, while your dollar has some value.