John T. Reed’s hyperinflation/deflation blog

Copyright 2013 John T. Reed Researching and writing my book How to Protect Your Life Savings from Hyperinflation & Depression, 2nd edition caused me to conclude that you should put your rainy-day savings in Australia, Canada, New Zealand and Swiss francs. I also concluded that you need to find foreign countries—not necessarily those four—to which you can go on tourist visas if and when the U.S. gets hyperinflation and becomes unlivable. See my web article about when you should flee the country and where should you go if you do. International travel required That has required some travel. To open...

Copyright 2012 by John T. Reed I have lately been putting money in bank accounts in Australia, Canada, and New Zealand and urging my readers to do the same. For details, read my book How to Protect Your Life Savings From Hyperinflation & Depression. Many have gone to my banker in Canada, (Tannaz Alesafar | Financial Services Manager | Park Royal Branch BMO Bank of Montreal | 913 Park Royal South | West Vancouver, BC, V7T 1A1 tannaz.alesafar@bmo.com (T) 604-903-2943 | (F) 604-903-2955) and done just that. You have to go in person to open accounts in Canada. In Australia...

Copyright 2015 John T. Reed I laughed out loud this morning while eating hot cakes alone at McDonalds. The reason was the headline on Jason Zweig’s column in today’s Wall Street Journal: “Let’s Get Real About Gold: It’s a Pet Rock.” Google that title to read it. Religion At the FreedomFest a week ago I was talking to an exhibitor at his booth. He mentioned some sisters. My blank look told him I never heard of them. “They’ve been famous in gold circles for decades,” he explained. “I’m anti-gold,” I explained back. He coldly said, “I have nothing more to...

Copyright 2015 John T. Reed I just got back from the FreedomFest in Las Vegas. It was in the news because Donald Trump spoke to us, as did Mike Lee, Marco Rubio, and Glenn Beck. I believe Trump’s talk was on the TV news. John Stossel also taped a show there which will air Friday, 7/18/15 on Fox Business and Fox News. I gave one talk on real estate investment and another on nuclear war there. One of the main things I got out of the conference was talking to and listening to the presentation of Juan Fischer, an Uruguayan...

Currency conversion Europe 2015 Copyright 2015 John T. Reed My wife and I went to Italy, Switzerland, Germany, Denmark, and Sweden, via Canada, in June, 2015. My wife then went on a cruise with girlfirends to Russia, Estonia, Latvia, and Finland. I recommend that you use a Schwab debit card and a Capital One credit card because neither levies a percentage charge when used in a foreign country. Then there are conversion rates. Not levying a fee is no good deal if they give you a lousy conversion rate. The Wall Street Journal rates while we were there were: 1...