The early stages of hyper-inflation can look like an economic boom. Every market is going up (stock, real estate, crypto, commodities, etc). Fantastic, boom-tim

The early stages of hyper-inflation can look like an economic boom. Every market is going up (stock, real estate, crypto, commodities, etc). Fantastic, boom-time. But really, it's because we're printing so much money that it's inflating the prices of everything. Yeah, the GDP is going up, but the GDP is measured in USD. Keep in mind that previous hyper-inflation crises (Germany, Hungary, Venezuela, Zimbabwe) were marked by strong stock markets and asset bubbles. I think it's far more likely that the USD is dropping along with most other currencies as a response to worldwide inflation than a strong economy. Inflation right now is not up as measured by the consumer price index. The CPI is made of a basket of common goods. Those goods so far have stayed steady in price, but they are made of component commodities that have gone up vastly over the last year. Iron ore, lumber, corn, and soybean are all up ~2x in the past year. That's a very very bad sign. I think it's a great time to borrow a bunch of money and put it into inflation-proof assets. Real estate in particular (via diversified funds) seems like the best hedge. A basket of crypto, stocks, and commodities seems smart too. I would avoid bonds because lenders get screwed by inflation. I generally think modern monetary theory is completely bogus.