Dear Preppers and Survivalists,
I was talking to one of my brothers, and he suggested I write an article about ...
What would you do with your emergency cash if you had time.
Let me explain.
One of the disasters/situations my family and I are getting ready for is financial hyperinflation. We believe there is the possibility of a hyperinflationary period happening in the next, say, 3 years.
As I have written in the past (I will try to find the articles), a financial hyperinflation happens over a period of years. At first, we see mild inflation, 3 to 6 percent, for a couple of years then inflation increases to 10%, to 15%, to 20% then all of a sudden, Bam!!! We are taking a wheelbarrow full of cash to the grocery store to buy a loaf of bread.
Well, Spartan asked (His family already has an idea/plan) what would I do with our emergency cash if I saw hyperinflation kicking in.
Needless to say, I gave him a vague answer.
Because we (you and your family) are different. Some of us have $10.000 under our mattress and no preps, and others have $100 and three years worth of food, water filters, firearms/ammo, and everything else needed for a long-term disaster.
So let's talk about it. (Spartan and I talked about two hours about this)
First, how much cash do you have on hand. I'm talking cold, hard cash under the mattress, not in the bank, not a debit card, but Federal Reserve Notes (FRN) in your hand.
For any readers outside these United States substitute FRNs for your national currency such as Euros, Pounds, Rubles, Rials, Wons, Hryvnias, Dinars, Liras and ... You get the point.
Next, how much and what kind of preps do you have? Do you have food, water filters, and ... You know the stuff I have been writing about for the last three years.
Make a List
First, make a list of the things you're short of; I'm talking water, food, and protection (guns and ammo). If you have 3 years supply of food, you and your family are good. If not, food is the first priority.
In the very early stages of the event, you'll be able to order long-term food storage from folks like Walton Feed, Honeyville, Safecastle, Ready Made Resources, and ... then get the food in a few weeks.
As more folks 'wake-up' to the possible difficulties, supplies will start to run low, then you'll have to wait longer for the long-term food storage to arrive.
You waited until the event is happening to store food, you and your family are f*cked.
Ok, folks enough warnings. Let's get back to the article.
Next, you need to identify the foods your family are going to eat then go to the grocery store and buy that food. You need to concentrate on the food that you'll find on the store's shelves. The food in boxes, bags, bottles, and cans. Not the food found in the freezer or refrigerated sections of the store.
You can also head to a warehouse store like Costco, Sam's or ... At these stores, you can buy 350 pounds of long-grain white rice for, about, $150, 100 pounds of pinto beans for $100, 50 lbs of sugar for under $20 then self-store that food using oxygen absorbers, mylar bags, and plastic buckets. (I'll be writing an article with instructions on how to do this next Saturday)
When you go to the Costco site, you can do a search for "Augason Farms." It will show you a relatively inexpensive method (I think it's expensive) of purchasing food store. Be careful though, food stored in plastic buckets without a mylar bag liner will not last as long as the method I will show you next Saturday.
Lastly, make sure you don't tell anyone about your extra food and make sure you properly store the food. Remember OPSEC.
Needless to say, the more food you have, the better in a hyperinflation disaster.
You'll notice I mentioned water. I believe we (you and your family) would have time to find containers and properly store two weeks worth of water, in the beginning. Once the event is going on, you
As far as protection, FerFAL, of Modern Survivalist, has recommended pistols and revolvers as the first firearm for you and your partner. From his personal experience, FerFAL knows that most urban and suburban preppers will be hunkered down in their homes with trips to work and the store, and for those trips to work and the store you will want a concealable firearm, not a rifle. Plus, walking around the house with a shotgun or rifle is a pain in the *ss.
Trust me, I tried it for a few days. I was always forgetting to take the SKS with me to the bathroom.
As far as which pistol or revolver to buy, I can't tell you which one will work for you and your family.
A pistol in 9mm, 40 caliber, or 45 caliber will be fine, and a revolver in .38 special or .357 magnum will also work. You will need a couple of magazines, a holster, and you will need, say, 250 rounds of ammunition. Don't forget that your partner will need a firearm also.
On that issue "your partner doesn't 'like' guns" get a 9 mm double-action only pistol or a .38 special double-action revolver for your partner. They are easy to learn how to use. Plus, it seems anytime there is a real emergency, your partner will want a gun.
Now, I have reservations about the idea of running to the store with a bundle of cash just before an emergency. There's a couple of reasons for this.
First, as we are seeing, companies aren't keeping up with demand. Let me give you two recent examples.
Jungle G ordered a grain mill two months ago. It just got here. When I ordered mine, five years ago, I had it in less than two weeks. It's also happening with the long-term food storage companies. Mountain House, supposedly, has been restricting deliveries to their dealers.
My second reason. Rushing out to buy supplies puts you and your family at risk. You don't know what kind of chaos you'll find at the food stores. Plus, your local stores may not have what you need.
So that's it.
When it's all said and done, you and your family are going to have to decide what you're going to do. Just understand, I think you need to be making basic preps, immediately.
Wikipedia - List of Circulating Currencies
Walton Feed - Home
Honeyville - Home
Safecastle - Home