Collapse Will Destroy ALL With Debt
Debt is too dangerous to hold in these uncertain times.
Individuals who hold any form of debt are well-advised to eliminate that prior to investing.
Although mortgage rates are very low, a few percentage point increase can wipe out a large portion of home owners.
The average bankrupt Canadian is getting older and has a growing level of debt, says a recent study.
“We reviewed approximately 7,000 personal insolvency filings from 2011 and 2012, and discovered the typical insolvent person is a 43-year-old male with more than $61,000 in unsecured debt,”
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Whistler Blowers, Insiders
And crime will destroy the weath of the rest
ahhh hell if the economy collapses i doubt debt collectors will be coming to your home. in fact they will be hiding and the government will have it’s hands full.
TOTALLY CORRECT.
Look at Katrina. Once their own safety and property were in play, and paychecks were out the window you learn who people really are. Some police officers stayed on duty and tried enforcing the law to the best of their ability. Others took off. others took advantage.
It really isn’t going to matter what you have ~ if its a million dollars on paper or a million yen worth of gold bullion. If society does break down anyone who thinks they can shelter in place ~ bug out ~ or whatever else will quickly realize if you don’t reestablish your own community very quickly, you wont last long. I don’t care if you are the #1 Navy Seal/Delta Force/Ex Ranger/Diplomat/CEO of Morgan Stanley / voted prom queen / nicest guy in your class rolled into one ~ Without a community you wont last long. none of us will be able to go it alone.
I’m not worried about my DEBT because once silver and gold sky rocket to the moon and beyond with only one ounce my entire debt will be paid. DEBT FREE FOREVER!!!
don’t count on it!
We are dealing with a criminal syndicate of sharks and shylocks which operate by government blessing. If the government doesn’t protect us from this syndicate and actually complicates prosecuting their criminal enterprise, then seems folks ought do their best to protect themselves by being debt free as much as possible. Could be those suspected “FEMA Camps” are actually debtors’ prisons ready for the time when banks decide to call in the debt –chronic debtors viewed as thieves who never intend to repay.
We “buy into” their enterprise by using their fiat money and their proffered credit. So if business has been conducted — by these terms — debtors are obligated. Everything connected to this syndicated mode of doing business binds everyone into supporting it if they want to live the modern American lifestyle.
GWB went to war in the name of our lifestyle. BHO continues and expands that war. Banks profit most off of war and We,The People lost the ability to stop unconstitutional wars in our name. Another war and /or disaster will likely speed a collapse perhaps with a one, two punch.
Unfortunately, a collapse most certainly goes in the bank’s favor. People will be grasping for ways to “do business” and will do anything to feed their babies — .
The collapse will be a controlled demolition.
Getting out of debt and being independent is sound advice to avoid being crushed.
The banks will not be able to do squat, since they have not lent a dime to anyone for anything the debt is on the back of the United States Gov. not the individual. The second you signed the promissory note ( on any major purchase, Home, Car) the debt was satisfied, if the bank had done their fiduciary responsibility there would be no house payment.
Just remember it is their laws and what they wrote that makes it real.
Look up the:
1913 Federal Reserve Act. There is no money, first paragraph.
1933 emergency Bank act All Gold & Silver taken by the gov
1943 (i think) Social Security Act $1.8 million for every live birth and 1 million every year alive US births per state, per person
Fraud, you’ve no idea how much….
Never buy anything on credit.
Remove the negro. He is making “whitey” pay for “brownie’s” expense for being lazy and covetous of “whitey’s” stuff.
Thus illegal Mexican immigration hoardes pouring over the border, with negroes from 3rd world countries not to far behind, followed by Al Queada and Middle East tribes booting up from the rear.
All inculcated to take “whitey’s” stuff once the SHTF signal is given by the feral negro and his Jewish racist handlers.
Anonymous
Could have stated it any better…….Right on.
Thanks!
It depends on the type of collapse… And if it is any major collapse, your speculation
is absurd, (if I may say so)..
The people that will be in real trouble are those who have accounts receivable files
with tons of uncollected funds on their books.
Retiredpatriot is more correct in his thinking! (His comment above).
In a total all out collapse, there will be no one reporting to their jobs as money will
most likely be useless. The new currency will be food and tangible, usable goods.
With this in mind, there probably won’t be any electricity after a few days, when the
people at the electric companies are more concerned about protecting their
families from the marauding gangs foraging for food in your neighborhood.
Also if everything collapses, do you really think the banks are going to be open
to take your mortgage payments? REALLY? Or do you think that they will want
their loans paid back with a collapsed currency? Think hard now.. Take your
time….
Think of what I said about the “no electricity” thing.. No working gas pumps, no
grocery stores.. No value in the collapsed currency to pay for anything if the
stores were open.
The people who have debt will be just fine.. It’s the ones that lent them the
money that will be hard pressed to ever see a dime of it ever again.
typical racist view
Just exactly how does dept destroy? There must be jobs and banks to collect debt. There would need to be millions of debt collectors. On the contrary create debt. The secured will have it all taken away. The debtors will be left with the booty of their debt. If it all falls paper money and securities will mean nothing. Ownership is 9/10ths. You lose if you save. Just an opinion.
id rather be poor and in debt than rich.
if someone wants to come and take my debt.. no problem.
Our money is bank debt. The Federal Reserve Notes you carry around in your pockets and purses are Notes (payable), liabilities of the Federal Reserve Bank that are essentially backed by nothing. Your checking accounts and savings accounts balances are liabilities of your bank.
There is no real money in circulation; only bank debt.
So when collapse comes, do you think Federal Reserve Notes or your bank account balances be worth diddly squat? Collapse wipes out these debts which is another way of saying collapse wipes out the value of debt based money. Debt default means destruction of the value of debt based money, and that financial collapse takes out the real economy which in turn takes out the ruling government.
The collapse of the federal government will be something good because it allows the opportunity to restore freedom. Financially freedom requires gold and silver coins be money; banks must be prohibited from creating money through fractional reserve banking. They must be required by law to hold 100% reserves against deposit liabilities.
Whatever government we institute after the federal government dies must be severely limited to national defense and enforcing contracts uniformly throughout the country. The citizenry needs to be organized into an army like the Swiss system of national defense. Instead of a chicken in every pot and a car in every garage, the theme of the country should be a tank in every garage and an automatic rifle in every closet.
Debt in this life is collected in the next.
Did you know the debt you owe on credit cards might not be legal to collect?
It’s true – each state has a “statute of limitations” – and it might actually be illegal to try to collect it from you…
… Click here to continue and see how these debt laws affect you (state by state):
http://www.fetch123.com/statute-of-limitations-on-debt.php
Collapse will destroy all debt.
But will it remove the feral negro?