Build up your personal debt before the financial collapse?Submitted by awl19 on Thu, 02/21/2013 - 11:59
Everyone is obviously talking about the imminent financial collapse. With the same token, many have been discussing the fact that due to hyper-inflation personal debt and credit rating will be reduced to the point of near non-existence or erased entirely.
It occurred to me...why not use this opportunity to raise my own personal debt now and buy things I'd need after the collapse? Things I don't have in savings to buy. Gold, silver, bullets, guns, food-stocks, water-barrels, gasoline-tanks, etc, etc.
If anyone can poke holes in this theory, I'd welcome it because as of right now this seems like a fantastic idea.
Sure, it's not an ethical choice, but it's a survivalist choice.