How to survive Hyperinflation

I've blogged before about Zimbabwe's hyperinflation, which is in the millions. We are headed for that here in America, because the Treasury is printing Monopoly money in the name of economic stimulus. Our national debt is going to equal our gross domestic product in just a few years. That's when our debt equals our total output for the whole country. That's like when your personal debt is equal to your income. When the German government created hyperinflation after World War I, a loaf of bread went from a few cents to billions of dollars. You know what came next. Hitler.

Here are some tips for how to survive. The two keys seem to be investing in stocks and non-perishable foods. Ironically, folks in debt benefit the most. So I'm in good shape.

Hyper-inflation like Zimbabwe's

This is scary:

"Investor Marc Faber said on May 27 he was “100 percent sure” that U.S. prices may increase at rates “close to” Zimbabwe’s gains, and the U.S. economy will enter “hyperinflation” because the Federal Reserve will be reluctant to raise interest rates. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office."

You should read the article in Bloomberg. NOW is the time to buy stocks, bonds, and currencies, while they're still cheap.

NoScamNC

NoScamNC is a Web site by the Attorney General's office where you go to find out what to do about Identity Theft in North Carolina. You can learn how to protect yourself, steps to take if your ID is stolen, links and resources, and real stories.

One way to protect yourself is to freeze your credit, which prevents everyone, including you, from getting new credit in your name. If you want to apply for a loan or a new credit card, you have to unfreeze your credit first, which is a great way to force yourself to cool down before making a big impulse purchase.

Controversy over letting your religion affect your finances

This post about Why Religion is an Important Part of Personal Finance on the Get Rich Slowly blog raised alot of ire from the irreligious folks (see the comments), but the content of the post is absolutely true. The guy who wrote it is a Christian, and he posted quotes from the Bible.