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Even if predictions of a coming economic depression are exaggerated, a long-term inflationary trend remains quite probable. As fuel becomes more costly to obtain and natural disasters damage crops worldwide, inflation in many products and commodities will likely occur. You can take various steps now to prepare yourself for surviving the coming increase in prices...
1. Convert some of your cash into useful tools or durable commodities that hold their value (more demand than supply). For example, shortwave radios retain more value than television sets. If you have a lot of money to spare, consider purchasing some silver or gold to reduce your vulnerability to inflation
2. Put excess funds that you don't want to spend into Certificates of Deposit (CDs). These pay relatively little interest, but they will offset more inflation than a savings account. Money left in a regular checking account or a wallet continues to lose value daily.
3. Consider buying some food in bulk that doesn't expire for a long period of time. In addition to avoiding inflated food prices, it can be helpful in surviving emergencies and disasters. Nitro-Pak is a major seller of freeze-dried foods and other preparedness items.