Our Money Is Dying: Don’t Let Your Wealth Die With It 

...what this boils down to is that you want to trade out of the dying currency and hold assets that will not lose value as the currency collapses – physical goods. Once hyperinflation takes hold it becomes unstoppable, even though there are moments of hope (as evidenced by the timeline of Weimar hyperinflation chart provided in the article below.) The key is to own goods and assets that will preserve wealth or can be traded for the currency as it becomes necessary (to pay bills or transact locally). The article below not only provides historic precedent for why hyperinflation could occur in the United States and to the world’s reserve currency, but how to identify it when it takes hold.A question on the minds of many people today (increasingly those who manage or invest money professionally) is this: How do I preserve wealth during a period of intense official intervention in and manipulation of money supply, price, and asset markets? 

...There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner, as the result of a voluntary abandonment of further credit expansion, or later, as a final and total catastrophe of the currency system involved.

(Source)

When Money Dies - In the book When Money Dies by Adam Fergusson, which details Weimar Germany’s inflation over the period from 1918 to 1923, the most riveting parts for me were the first-hand accounts from the people caught in the storm.The simple observation is that many people had a blind belief in the money system. They lost their wealth because they were unable or unwilling to allow reality to challenge their beliefs.

When Money Dies is the classic history of what happens when a nation’s currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy.

Those without the gift of foresight to identify what is coming, coupled with an inability to take decisive action that cuts against the social grain (at least early on), will simply lose their wealth and not be in a position to buy or exchange anything but their own time and labor in the future. This leads to the assessment that owning or producing things that people need or want is a good strategy.

The cruelest part of a currency destruction is that it will sneak up on most people....

............. By Chris Martenson