Free Capitalist Network - Community Archive
Mises Community Archive
An online community for fans of Austrian economics and libertarianism, featuring forums, user blogs, and more.

What are you doing to prepare for inflation/collapse?

rated by 0 users
This post has 11 Replies | 3 Followers

Not Ranked
Posts 46
Points 770
Duke Posted: Fri, Oct 14 2011 7:15 PM

If you think there will be an inflationary depression in the near future, what have you been doing on a personal level to prepare for it? What are you doing on the family/neighbourhood/community levels?

  • | Post Points: 50
Top 10 Contributor
Male
Posts 4,987
Points 89,490
Wheylous replied on Fri, Oct 14 2011 9:11 PM

Pumping iron.

  • | Post Points: 5
Top 75 Contributor
Posts 1,149
Points 23,875

Learning hunter-gatherer/survivialist skills. I'm trying to escape civ and live by myself gathering my food supply w/o anyone else.

  • | Post Points: 35
Top 150 Contributor
Male
Posts 554
Points 9,130
Praetyre replied on Sat, Oct 15 2011 11:25 PM

Buying expensive, exclusive and difficult to reproduce items, which will either slowly rise in value or skyrocket assuming a supply cutoff.

Also, this is more long term, but I'm likely going to leave this country entirely in the next 5-10 years. Reason for the long wait is both financial and immigration restrictions and the fact my country is relatively safe and politically stable compared to most other Western nations.

  • | Post Points: 5
Not Ranked
Posts 46
Points 770
Duke replied on Mon, Oct 17 2011 12:30 PM

"Learning hunter-gatherer/survivialist skills. I'm trying to escape civ and live by myself gathering my food supply w/o anyone else."

Isn't the cure here worse than the disease?

  • | Post Points: 35
Not Ranked
Posts 46
Points 770
Duke replied on Mon, Oct 17 2011 12:33 PM

"Buying expensive, exclusive and difficult to reproduce items, which will either slowly rise in value or skyrocket assuming a supply cutoff."

 

I suppose you don't want to name those items?

Personally I'm buying precious metals and precious metal mining company shares.

I'm also learning Korean and living in Korea part time. Mostly due to my girlfriend though.

  • | Post Points: 5
Not Ranked
Posts 36
Points 980
claudius replied on Mon, Oct 17 2011 5:01 PM

To protect myself against  impending hyperinflation, I'm buying a macroeconomics textbook so I can learn that it's not going to happen.

 

 

 

  • | Post Points: 20
Top 10 Contributor
Male
Posts 4,987
Points 89,490
Wheylous replied on Mon, Oct 17 2011 7:10 PM

Duke, we've already tried to persuade him that running off into the mountains won't help him...

  • | Post Points: 5
Top 75 Contributor
Posts 1,149
Points 23,875

 

"Learning hunter-gatherer/survivialist skills. I'm trying to escape civ and live by myself gathering my food supply w/o anyone else."

Isn't the cure here worse than the disease?

No. Living like a hunter-gatherer means pure individualist liberty. They were anarcho-capitalist as they traded freely and had no states.

 

  • | Post Points: 20
Top 50 Contributor
Male
Posts 2,051
Points 36,080
Bert replied on Mon, Oct 17 2011 7:45 PM

No. Living like a hunter-gatherer means pure individualist liberty. They were anarcho-capitalist as they traded freely and had no states.

They didn't have states, but they had tribes and chieftains, and their own culture and way of life, and if you caused trouble you were ostracized.  What you're doing is trying to pull an Into the Wild.

I had always been impressed by the fact that there are a surprising number of individuals who never use their minds if they can avoid it, and an equal number who do use their minds, but in an amazingly stupid way. - Carl Jung, Man and His Symbols
  • | Post Points: 20
Not Ranked
Posts 46
Points 770
Duke replied on Tue, Oct 18 2011 3:37 AM

Anyone take out a long term fixed interest mortgage?

  • | Post Points: 5
Not Ranked
Posts 46
Points 770
Duke replied on Tue, Oct 18 2011 3:39 AM

"To protect myself against  impending hyperinflation, I'm buying a macroeconomics textbook so I can learn that it's not going to happen."

 

The original post says "inflationary depression," not hyperinflation.

How would a macroeconomics textbook teach one anything that has any predictive ability? A lot of people read macroeconomics textbooks and they didn't seem to get 2008 right.

  • | Post Points: 5
Page 1 of 1 (12 items) | RSS