Dateline: 16 April 2017
Pictured is one of Borsodi’s “globe” coins. These coins, along with paper “constants,” were components of an inflation-resistant currency system he established in Exeter, New Hampshire, during the 1970s.
This essay is a part of a larger series focusing on Ralph Borsodi and his book, Inflation is Coming And What to Do About It. Click Here to read the series from the beginning.
Building upon the significance of land ownership as a safeguard against economic hardship (explored in Part 7 of this series), Ralph Borsodi introduces three additional areas for preparation…
Borsodi briefly discusses the concept of creating an emergency currency, but his explanation remains unclear to me.
Interestingly, in the later years of his life, during the 1970s, Ralph Borsodi spearheaded the development of a stable currency called the “constant.” This experiment in localized currency, a bold undertaking, achieved a noteworthy level of success but ceased upon Borsodi’s death in 1977 at the age of 91. For a comprehensive look at Borsodi’s debt-free and inflation-proof currency, CLICK HERE to read a dedicated article.
This piece of advice is somewhat unclear. Is Borsodi implying that the coming hyperinflation would dismantle the industrial age and propel us back to an agrarian-based, mercantile-driven economy? My interpretation suggests yes. Let’s proceed…
A question arises: How can “we” adequately equip leaders for the impending crisis? It seems implausible to achieve this through the existing public education system, a sentiment I believe Ralph Borsodi would wholeheartedly endorse. This proposition feels somewhat theoretical and tangential.
In the subsequent passage, Borsodi returns to a more practical perspective…
This is a stark and thought-provoking assessment. Borsodi envisioned a complete economic breakdown bordering on societal collapse. His aspiration was to awaken a segment of society to this impending crisis. His concluding sentence is both impactful and potentially prophetic, bearing repetition…
These individual homesteads and enterprises, these groups and communities, may then become islands of security, demonstration centers, and eventually the leaven which will permeate the whole of suffering society with the knowledge of how to lift itself from the chaos into which it’s faith in centralization has plunged it.
The series continues in the next installment, where further exploration of Ralph Borsodi’s book will reveal his advice on “what a family should do NOW with it’s savings and bank deposits.”
To go to Part 9 of this series.