Inflation is pretty much a built-in part of our current economic system, and every dollar that comes into existence is borrowed from somewhere – eventually leading up to the ‘Federal Reserve’ – a private entity which collects interest on ALL U.S. dollars.
Since more dollars are always coming into the system (the system would actually collapse without it) there is a sort of built-in inflation. For various and sometimes complicated reasons, some periods of our history (and no doubt our future) involve even higher inflation (than ‘normal’).
The effects of this include a more rapid erosion of the dollar’s value or purchasing power while the effective prices of things go higher.
The Federal Reserve tries to control inflation (the devaluation of the dollar) in context with the economics of the times. One might say that they are actually manipulating it, especially since 2008 to prop up the dollar (because they have ‘borrowed’ so much for programs such as ‘Quantitative Easing’ and other such schemes).
Because there is so much (SO MUCH) debt now (everywhere), ‘they’ now have to keep interest rates (the price of borrowing money) and inflation under especially tight control or else the whole thing goes bankrupt.
The question is how long will they be able to control it all?
Okay, so, back to the question at hand. If we were to anticipate that at some point in our future real (much higher) inflation will kick in, then the prices of most goods, assets, and services will likely go up, and up, and up. Your paycheck however likely will not so much (or at all)…
So what are the things, the assets, the goods, the products that might be better to get your hands on now, before inflation might go higher or get out of control? What are the assets that are inflation-proof or inflation-resistant in the context of preparedness?
I’m not suggesting that you go out and start a shopping spree, but it makes for good discussion to hypothesize the practical assets that might be good to have before any onset of high inflation…
UPDATE: A few of your bullet points:
In no particular order of perceived importance…
-Gold and Silver
-Get out of debt
-Food (any and all)
-Land (productive farm land)
-Land (just about ‘any’ land)
-Plant food producing trees, etc..
-Seeds, heirloom (in other words, grow your own food)
-Firearms (prepare for next 2nd Amendment attack)
-Ammo (ammo may deplete way before firearms themselves)
-Food preservation equipment (any)
-Work boots and heavy-duty work clothes
-Alternative energy source or sources
Note: With the presumption of inflation, we might simply say that EVERYTHING will go up in price, so this list could essentially include ‘everything’. However I’m curious though about what might be especially prudent to acquire before hypothetically high inflation sets in. In other words, might some ‘things’, assets, etc.. go up higher than others and which of them might be a better ‘investment’ now rather than later?