Home > Christianity, Conservative, Faith, God, Growth, politics, prophecy, Spirituality > Hyperinflation: To Prepare or Not to Prepare.

Hyperinflation: To Prepare or Not to Prepare.

Hyperinflation: Tanking the dollar.

If you have watched the news, read the paper, or spoken to co-workers, it’s likely that you have heard speculation about “hyperinflation”.  If you haven’t or aren’t sure what hyperinflation is, Wikipedia defines it as:

The main cause of hyperinflation is a massive and rapid increase in the amount of money that is not supported by a corresponding growth in the output of goods and services. This results in an imbalance between the supply and demand for the money (including currency and bank deposits), accompanied by a complete loss of confidence in the money, similar to a bank run. Enactment of legal tender laws and price controls to prevent discounting the value of paper money relative to gold, silver, hard currency, or commodities, fail to force acceptance of a paper money which lacks intrinsic value. If the entity responsible for printing a currency promotes excessive money printing, with other factors contributing a reinforcing effect, hyperinflation usually continues. Often the body responsible for printing the currency cannot physically print paper currency faster than the rate at which it is devaluing, thus neutralizing their attempts to stimulate the economy.

If you find that to be econobabble, let me give a rough layman’s explanation.  Basically, when a government spends money faster than the growth of the economy and then prints the paper currency, as though the Rockefeller Christmas tree is pretty and a mutant money tree, given enough time, hyperinflation can result.  That’s the “how”.  Here’s the “what” it actually is:  suddenly any commodity, food, fuel, and other everyday item costs skyrocket.  Items can reach costs that are upwards of ten times their previous value. 

 Is this possible

Are Michelle Obama’s shoes worth more than my house? 

Uh, yeah.

Given the fact that our government for the last two years has enjoyed a multi-trillion dollar spending spree, we now find that, guess whatThere’s no money left! (I’ll take “Economics 101” for $2000, Alex.)  So, it seems that we have a problem that could lead to a massive problem.  And by massive, I mean “Houston, we have a problem,” kind of problem.

So.  For the Christian, what should our direction be? 

As with any understanding, balance is essential.  For the believer, balance is only possible with full reliance and dependence upon Christ.  Regarding this issue, many Christians will take an unbalanced perspective and action. In pursuit of understanding what my reaction should be and knowing that I have never been faced with this type of crisis before, I have consulted the bible.  For the believer, this is the most fundamental source of inspiration and faith, but also a great source for historical documentation into past crisis events.  In reflection, I believe that there are two common unbalanced reactions to the prospect of crisis. Neither of these actions is correct.

The first, common reaction, is (let’s call it the “manna” mindset) is to dismiss any pondering of hyperinflation.  Our Manna friends maintain the view that God will provide at the point of need, therefore any prior contemplation and preparation is unnecessary and frankly, a lack of faith.  However, it is important to look back at scripture to realize that God often forewarned of coming disaster.  His purpose was to spur on action in preparation for the coming crisis.  The most similar example from scripture to hyperinflation is the story found in Genesis 41.  Pharaoh has a dream.  Joseph is the only person who is dependent upon God to interpret the dream.  The interpretation is that their will be seven years of plentiful crop and seven years of famine.  Once the message is understood, God provides direction to prepare for the coming food crisis.  So in response to our “Manna from the sky” friends, God many times provided wisdom (for those who earnestly sought him and were paying attention) in that he prompted preparation for the coming difficulties.  Please understand that I am not removing the faith element or power of Almighty God, if He wants to provide by sending manna from heaven or a bucket of KFC©, He will and He most certainly can!!

The second less common reaction by believers is to overreact.  In other words: FREAK. OUT (let’s refer to this group as our “pandemonium” mindset).  This is a fear-based overreaction that leaves God out of the equation completely and takes what we must do to prepare in sole view.  When contemplating a crisis, Pandemoniums remove God (most often, not intentionally) from provider and place their own abilities and knowledge at the forefront of action.  At even the hint of any speculative problem, Pandemoniums will allow their fear to interrupt daily living and joy.  There is so much emphasis placed upon what we must do, that God is placed in a carefully gift-wrapped box to collect dust.  The bible speaks against this, as well.  In Genesis 17, we are introduced to a widow, her son, and Elijah.  Elijah has been traveling and is weary, hungry, and thirsty.  When he asks the widow for food and drink, she is happy to provide him water, but hesitant to feed him.  She only has one meal left for herself and her son.  She even says following the meal they will go and die.  Not a good scenario, very bleak, indeed.  However, Elijah, with direction from the Lord, encourages her, telling her that God will provide.  She trusts and her food supplies never run out.  This is amazing testament of God’s supernatural provision!  He did it then and he most certainly can do it now.  However, it is important to understand that many times God chooses to stretch our faith in different ways, demanding our attention and our preparation. 

We are unable to have a clear, balanced mindset without the full reliance upon Christ.  We can know that He will provide!  His provision may include foreknowledge to spur preparation or it may come in our bleakest hour, in supernatural ways.  I cannot specify what exactly He would have you and your family to do in these daunting times, but I encourage you to seek Him and ask.  He will lead you to take the proper action and you will be blessed in following His guidance.

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  1. Sharon
    November 20, 2010 at 4:50 am

    Very well said. I appreciate the thought you’ve put into this. (I also appreciate the email you sent me last week.) I haven’t done a lot of research yet, but I am trying to be alert. Thanks for putting it on my radar.

    • Order in the Quart!
      November 20, 2010 at 4:41 pm

      Sure, Sharon. I just feel that if we are being led to make some preparations that we do. There are may indications that would lead one to believe that hard times are coming, but full faith in God is most important. Sometimes God wants us to have faith in His leading and gives us clear direction that we should heed before the rough times come. That takes as much faith as the actual crisis point. We can lay some supplies aside and I believe that is wise, but we mustn’t get caught up in the anxiety of unknown details, such as what will happen, when, and how long. It’s day by day depending upon the Lord – present and future.

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