Serious question: How to prepare for hyperinflation?

Exchange the hyperinflating currency for a currency that is more stable. Any germans in the 1920s that held US dollars were completely immune to inflation of german currency.

There are some really easy ways to protect yourself. Most of these ideas are generally good for periods of high inflation. REAL hyperinflation is so disruptive that nothing is really safe.

I-bonds for small-time investors in the US. They have some nice tax benefits for holders. TIPS for big-time investors.

Global stock index funds. That saves you the trouble of buying and holding foreign currency and they pay dividends while you wait for the inflation apocalypse. Even domestic stocks have a good chance of coming out ahead.

Others have mentioned gold and silver. Those can be bought like stocks with GLD and SLV. Likewise you can buy real estate investment trusts if you aren't in a position to buy actual real estate. Those usually pay nice dividends.

If you're really worried about real hyperinflation, you should go find the best deal on bulk-purchases of every non-perishable thing you intend to use for the next year. You might be surprised at the investment return you get on buying a 5-year's supply of wine or t-shirts.

Own assets, especially cash producing assets with low capital overhead. You may already be too late for that party though.

I could think of two options based on what I’ve read

1. Hold a more stable currency, maybe GBP or JPY. It also means you need earn your salary in those same currencies. Move your other assets like equity etc to the same currency. I don’t think anything can be done about the pension account, unfortunately.

2. Switch to other forms to store value, preferably liquid, such as gold. Assume the hyperinflation will last for 2-3 years and calculate the gold you need to buy.

Though the chances of USD hyper inflation in our lifetime (next 40-50 years) are vanishingly low based on what I have read. USD is still by far the most powerful currency, to an extent that last March there was a global flight to the refuge of USD triggering insane scenarios like negative oil prices and equities tanking.

The next generation, however will have to be prepared for a bipolar currency, USD and CNY.

Take out a fixed-rate mortgage on your house. Your debt paying itself off would be a nice silver lining to inflation.

Only if your income increases to match inflation, right?

If housing costs increase as part of inflation, owning a home will leave you better off than renting (whether or not your income is keeping pace with inflation).

Over 30 year term of mortgage, it eventually will, most likely sooner than later.

Second this question. I have yet to see any recommendations outside of real estate debt at low rates in growth areas.

Silver, gold, and art are classic assets.

I didn't think of art before. I guess that shows my class status.

Your class is what you make of it. Rich people are often uncultured too.

Borrow lots of money at low interest rates?

Yes, I'm aware.

My best understanding is that current Waffle House closures have nothing to do with supply chain problems and are mostly due to state or local restrictions on venues like restaurants. Many places are insisting that takeout is fine, but dine in is unacceptable (and I don't disagree with that).

Complying with the law to contain the pandemic in no way tarnishes their track record for having an amazingly robust supply chain system.

If the right to bear arms is required for protection against a potentially corrupt or abusive federal government, then so is the right to use end-to-end encryption.

Here's one of my opinions: Everything anyone ever says is their own opinion based on their own experiences.

Here's another: We'd all be better off if we held the opinion above, and remembered it when assessing what people say. We'd be able to interpret statements like "Contributing to OSS is awesome!" as "In my own experience, contributing to OSS has been awesome", where such an interpretation doesn't erase or override one's own opinions and experiences. Not saying this is easy to do, just that it is beneficial.

You get that automatically if you try to be charitable when interpreting somebody's words. More often than not, this will put you on the same page as the person you are talking to.

Actually, I think it's easier to remember it's always an opinion than to always be charitable. Maybe I really don't like a person and so it's very hard to be charitable in a given moment, but that person's statements are still their opinion and don't get to override my own experiences.

No, sometimes people are trying to state facts about the world. Those aren't opinions. Sometimes they're wrong.

Regardless what they think they are doing, they are still stating their own opinion. If we can try to interpret things in this way, even "I am stating a fact" becomes "I believe I am stating a fact."

You have erased the usefulness of the distinction between facts -- which are statements about the world that we believe to be true -- and opinions.

The burden of proof is different.

Setting the term "facts" aside for a moment, I don't perceive a difference between "statements about the world that we believe to be true" and "opinions."

When people make statements about the world that they believe to be true, all of their subsequent actions reflect that high priority belief, and disproof causes major re-evaluation of everything.

When people express opinions, they may not act subsequently in ways that are in accordance with the opinion, and may change the opinion with more or less disruption to the rest of their actions.

I used to like cottage cheese, and don't anymore. This has no major effect on anything except my consumption of cottage cheese. I believe in everyday physics so much that I consider them facts, and would have to restructure everything in my life should gravity re-adjust to being 5% stronger tomorrow.

Were the years Nelson Mandela spent imprisoned ones that would have been the "best years of his life" had he not been imprisoned, considering what occurred in the years after he was released? How do we determine value of time spent alive? Was it worth it and valuable to him to suffer through years of imprisonment in order to reach the later years? Was is worth it and valuable to society? Would he and/or society have answered differently during the years of his imprisonment than now? Whose answer (now-Mandela's or younger-Mandela's, now-society's or younger-society's) matters most?

> It seems to me that being a one product company runs a risk of another company choking you out in various ways.

One possible solution then is to change your company to be a multi-product company, instead of adding new-product features into your one product.

Government's move slowly. Security best practices are evolving quickly.

My team is working through FedRAMP/NIST compliance right now. We have sadly adopted the saying, "Security or compliance, choose one." We have literally rolled back a more secure implementation in order to be compliant. Regulations can't keep up.

I'm not ideologically against regulating the software industry, but I have doubts it can be done successfully.

I also found it very entertaining. But, that might just be my whiskey, err, Scotch.

Here's what I did. Sign in to gmail using my regular gmail account. In settings "Add a mail account" and provide gmail pop3 and smtp settings with your email address and credentials for your own domain. Now in gmail (signed in with regular gmail account) I have options for which account to send from (I can change the default for that).

I work from home. If I were single or if the kids had moved out of the house and my SO worked, your comment would probably be true for me (better to be in the office). But, I've had a chance to see my young children grow up in a way that couldn't have happened had I been in the office, all while doing significant meaningful work. Certainly that's more social with a closer group of people (family). So, it probably depends on circumstances.

What meaningful work did you do?