When I wrote about ways to prepare for hyperinflation, a reader asked why I thought having a passport was important. There are several reasons for this. First, a passport is the best form of identification possible. In order to receive one, you must furnish proof of your American citizenship in the form of your actual birth certificate and one other form of I.D. In a state of emergency, you may very well be requested to present two forms of identification, and a passport is, by far, the best to have on hand.
If our nation should experience an economic collapse, all government agencies will be in crisis. Because having a passport is important, I believe it’s better to get one now while our government is completely functional. Already, we’re reading about tens of thousands of government workers losing their jobs. A bankrupt government will have a difficult time with mail delivery, much less insuring its citizens receive passports.
Passports can be pricey, especially if you have several children or will be buying them for members in your extended family. If hyperinflation, or even long-term unemployment, becomes a reality, it may be nearly impossible to pony up several hundred dollars just to have this “luxury”.
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Mobility is vital. Those of us living in states bordering other countries may find it necessary to cross the border for any number of reasons: to purchase medicine, food, tools, or look for a job, etc. It’s impossible to say, at this point, which parts of the country or which cities may become so unsafe that the only option is to leave. If an area is controlled by martial law, citizens may have to prove their citizenship before being allowed to move from Point A to Point B. Yes, these are scary and far-out scenarios, but they’re happening elsewhere around the world and they can happen here.
Here’s the important piece to keep in mind. In a crisis, the more options you have, the better. An iron-clad form of I.D. may open doors, literally as well as figuratively. I also recommend cash and a bit of gold and/or silver in small currency coins. A passport and a wad of cash could be your best friend someday.
I’m not proposing the passport option out of paranoia, but because I believe mobility and options are your trump cards when it comes to survival. With my family, I can’t take any chances.
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