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[Leslie <cayadopi AT yahoo.com>]

Hyperinflation is out of control inflation...
 
Hpyerinflation is generally defined as inflation exceeding 50% per month.
 
I've seen a lot of comments that food prices doubled over the last year.  So 
that would be 100% / 12 - or 8% per month.... food didn't approach the 
hyperinflation rate last year under that metric.
 
That's mild compared to some of hyperinflation rates seen in history...
 
"The Post-WWII hyperinflation of Hungary held the record for the most extreme 
monthly inflation rate ever — 41,900,000,000,000,000% (4.19 × 1016%) for 
July, 1946, amounting to prices doubling every thirteen and half hours. 
 
By comparison, recent figures (as of 14 November 2008) estimate Zimbabwe's 
annual inflation rate at 89.7 sextillion (1021) percent. [11], which 
corresponds to a monthly rate of 5473%, and a half-life of about five days."
 
 
That's the kind of hyper-inflation rate I'm talking about....
 
The kind where producers of goods can't sell their products for a price high 
enough to purchase replacement parts to make the next round of goods.  The 
kind where if you bought a tire 2 years ago for $129, and it blew in a 
serious hyperinflation, a replacement would cost  $300 next month, $600 the 
following month, and later exponentially higher.... etc.  
 
 
Yes your mortgage (and any other debt) will be minisculed percentage wise in 
hyperinflation, and wages will go up, but not necessarily keep up.  
Allegedly, the winners in hypeinflation are those who are in debt (today) up 
to their eyeballs, and who use inflated wages to pay off the debt.
 
There's only so much you can cut back unless you are close to James' level of 
self-sufficiency, to the extent that I know what that is... which I believe 
is going to be a very important goal.
 
 
For instance, if I had to, I could walk down the road for miles and find a 
specific plant that can be used for toilet paper, but how many in the cities 
can do that - or would even consider it?  LOL.  Ethics having deteriorated to 
the extent that they have... makes me think food isn't going to be the only 
thing the city types will be stealing when shortages start.  :-)   LOL I can 
see the headline now,,,, Man killed by robber over roll of toilet paper.
 
The ones who want the hyperinflation are the saavy stock & commidity traders. 
 They will keep up with hyperinflation better than most.
 
 
Ask yourself this............ what can't you cut back.  That is more 
important.... and stock up on those items.
 
 
 
 
 

--- On Thu, 7/23/09, Lynn Wigglesworth <lynnw1366 AT hotmail.com> wrote:


From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
Subject: Re: [Homestead] Has anyone heard about this?
To: homestead AT lists.ibiblio.org
Date: Thursday, July 23, 2009, 8:56 AM


From: "Leslie" <cayadopi AT yahoo.com>

>I would much rather live thru a depression than a hyper->inflation.

I think I'd rather see hyperinflation. I don't buy much, and can easily cut 
back more if prices go way up. I don't drive much; a tank of gas will last 
me months. My biggest expense, my mortgage, is fized, so the higher 
inflation goes, the lower it looks by comparison with income (of which I 
have very little, but it would go up with inflation).

Lynn Wigglesworth
Tioga Co. PA 

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From: "Leslie" <cayadopi AT yahoo.com>

> For instance, if I had to, I could walk down the road for miles and find a
> specific plant that can be used for toilet paper, but how many in the
> cities can do that - or would even consider it? LOL. Ethics having
> deteriorated to the extent that they have... makes me think food isn't
> going to be the only thing the city types will be stealing when shortages
> start. :-) LOL I can see the headline now,,,, Man killed by robber over
> roll of toilet >paper.

Where's Gene Gerue...he don't need no stinkin' toilet paper...there are a
lot of things we don't really need if we think outside the box of our
cultural conditioning.

Lynn Wigglesworth
Tioga Co. PA