ADVERTISEMENT

ADVERTISEMENT

Letter: Prepare now for U.S. hyperinflation

The money to support these bills pops into existence digitally, and Nixon made that possible long ago by removing the gold standard. As a result, the currency supply is flooded, devaluing the US dollar.

Letter to the editor FSA

As we hear more about future stimulus plans and a multi-trillion-dollar “infrastructure” bill, we as Americans need to consider the true cost of these quick fix ideas from the Capitol.

The money to support these bills pops into existence digitally, and Nixon made that possible long ago by removing the gold standard. As a result, the currency supply is flooded, devaluing the US dollar.

This behavior in history has always led to one thing: hyperinflation. In post WWI Germany, pickles went from 1 German mark to 4 billion marks. Imagine, even a slight hyperinflation in America, perhaps increases of 1 million times. That would make $3 a gallon gas $3,000,000 per gallon. People’s life savings wouldn’t even be able to fill up their car’s tank. So not only are we stealing from our children’s futures with these bills, but we are making their future almost impossible to navigate financially.

There are two things I am encouraging all to do.

One, get gold and silver into your possession before hyperinflation hits. Just as you would preserve food from the fall harvest to eat in winter and spring, you must also preserve your purchasing power by turning your paper and digital dollars into real money that can weather even hyperinflation.

ADVERTISEMENT

Two, write to your elected officials and tell them to stop all spending, for the sake of our families’ futures. We can’t print our way out of our problems forever. These two actions can help you prepare for and prevent hyperinflation simultaneously.

Justin Childers, Ada, Minn.

What To Read Next
Members of marginalized communities have been bullied our whole lives.
Every person who comes to a polling site in North Dakota is already asked if they are a U.S. citizen before they are given a ballot.
HB 1281 is an opportunity to right a wrong. The current law is discriminatory and codifies stigma faced by people living with HIV/AIDS.
If SB 2150 passes, North Dakota runs the risk of pushing medical providers away, and leaving pregnant people in dangerous situations.