I've been expecting hyper inflation for years now. The difficulty for me has been determining when it's about to start in order to seriously trade my fiat for useful items. Most of us have noticed that prices have really increased quickly in the last few months (not even considering gas). For instance, I thought I should stock up on some printer toner just in case. The Staples price for one package of four colours was $158 + tax (Canadian). I'm interested to hear if anyone else has begun to 'release' more of their fiat in anticipation of hyper inflation. I'm specifically referring to items other than basic prepping.
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We are making sure to always have enough on hand to cover 2 months of just about everything we need. Planning for more than that will not matter because everything would fall apart. Plus I am not about to watch my neighbors die while I have something that could help them. After 2 weeks it would be chaos. I do not think the white hats will allow it to last longer than that. If they did what would be the point of all this in the first place.
I guess I am not a survivalist.
In any large city if the utilities are cut, ie electricity and water, it would be Thunderdome in 3 days
Furniture! I sell furniture and it’s steady climbing. Items are going up 15% month over month.
Yes, I have started buying in duplicate items which I anticipate will not only increase in price, but also become scarce. I’ve also stopped purchasing things that might be nice to have, but that I can go without, and instead investing in items that will hold their value and also be easy to resell. I’ve more or less always used this approach - “investing” rather than “spending” - but now doing so more than before.
Not really for me being unemployed, spending had been curbed well before inflation, and other than groceries no regular driving so gas usage has been pretty low. Although I have been cutting down on frivolous trips as of late.
Not yet. I raised my rates. So far I haven't had any clients question it. That toner rate does suck though! What I'm dreading is when my laptop inevitably has an issue and they can't replace whatever part is needed.
If you bought a good one, it may last a very long time. I bought one in 1998, and it still works fine. I don't use it very much, so I suppose that's why the hard drive in it has lasted so long. It still has Windows XP on it. :)
I started stocking and stacking over 20 years ago. I have multiple old computers. I have an old dot matrix printer, ribbons, a large bottle of printer ink, and a machine for re-inking ribbons. I buy copy paper by the case. Every year when Walmart has the 70-page spiral notebooks on sale in August, I buy more. I now have a lifetime of writing materials so I can document everything for the next 20+ years.
I have put FRNs into supplies and into other things I might need sometime.
I just hope the coming ice age doesn't cause more Yankees to come down here and try to ruin things. They've done enough already.
BTW, HP ink cartridges have expiration dates built in to their circuits, so you can't buy them way ahead. Laser printers should go a lot longer.
I just remembered that I need more heavy-duty shelving units. I must go shopping next week.
Thanks for the tip on the HP ink cartridges. I didn't know that. Is there a way to find out the expiration date?
I don't know. I just know that I tried an older cartridge one time, and the printer said the cartridge was expired.