I'm not the brightest color in the crayon box
Posted October 8th, 2008 by ljrdxyh
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So I rely on you guys. I keep on hearing that being in debt is bad...I see differently, it is good to buy things now and be in debt - I'll explain.
I was unemployed for 3 months so I basically hoarded cash and paid everything on the credit card and kept the cash to be able to pay the minimum for the foreseeable future. Fortunately I found a job a couple of weeks ago so all this cash I was hoarding was just laying around so I bought gold and silver instead of paying of the debt.
With the SHTF scenarios seemingly becoming reality, why would being in debt be bad? If gold doubles in price, I can pay off my bills with half the gold/silver I bought and I still get to keep gold and silver.
I'm I missing something?
Marcelo
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ooooh slippery slope
be careful friend, they may not "find" and hold responsible those who caused this mess- but its likely theyll systematically find a way of catching and squeezing any regular Joe who tries to benefits from it. All of my good fortune has come when I wasnt seeking ill gotten gain. When I have- no matter how sure a deal it was- ive always taken it in the rear eventually.
Live Free or Diebold
Define I'll gotten.
The choice I have is between holding debt and cash along with PM's.
debt is based on paper money
If you owe anyone for anything you become a slave to a system that is controlled by more debt.
The only thing that matters is that you become independant of any debt. All Debt , you cannot owe any one or rely on any one.
~Mikael / Peace, love, Light and unity ~
Be careful, don't shoot yourself in the foot.
What your doing is risky, and you're not as integral to the economy as as Freddie Mac and Fannie Mae so do your homework, and don't expect a bailout.
P.S. Using easy credit to speculate on commodities is basically what caused our current crisis. If you had a steady source of income and you really believed that Gold was the way to go then I'd say go for it, but if you're unemployed and in debt you could find yourself in real trouble real fast.
Whatever you decide to do. Good luck.
If everybody ran up
lots of credit now,how are they going to come after anyone if everyone is living in the streets?
What are they going to take if they catch you,your cardboad box and shopping cart.I guess there's always the fema camp.
When the vail falls off
Nobody lives in boxes. You can stay in YOUR house. No bank can remove you for not being willing to take part in their "money" scam. You work your ass off, they press a button. You pay them twice as much as the house cost.
listen...i hear a well trained slave talking...
x
?
Could you explain?
I think if everything goes right
You won't have to worry if your debt is to a bank. Because, FU)K 'EM. They are theives. They have robbed our families and killed millions of people. They are born of pure evil and rule more lives than any king ever could. We owe them as much as slaves owe their masters or sheep owe the farmer. Nobody owes the bank squat. They owe us. Shylock style.
000,000
Zeros might be added to debts owed 'to keep up with inflation' and 'not hurt the banks'.
That's what they are doin in Chile
They have a parallel currency for loans - Business Units - so you take out a loan based on business units, which varies according whatever the government says it is......
GREAT as long as Gold and
GREAT as long as Gold and silver go up! which they will but what is your time frame?
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
Up until about 3 days ago
I was wondering whether this was going to be inflationary or deflationary depression...I now strongly believe it is going to be inflationary....so in theory a little of the silver I already have should pay this debt off. The cash i'm using as a hedge against a deflationary depression (someone said cash is king).....
Since I kept on hearing that debt is bad I was thinking should I take my cash and pay the debt? I'd be debt free but also cashless and holding PM's that may rise or fall.....so it seems to me that at this point debt is good....
man thats tough to figure
man thats tough to figure out.. everyones personal finances are different!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain