Well hell!!!! Avoid debt and build up the food stocks lol! Worth considering though is that finance (despite what the world of financial 'advisors' would have us all believe) has never caused what most preppers would term a collapse of society. What is has provoked in the past is revolution e.g. Russia 1917 - when the poor and the middleclass (if one still exists) get so overwhelmed by the rich and the state, or Germany's 'experiment' into national socialism due to depression after WW1 and hence on into WW2.
Still worth thinking about and studying the past to look for mistakes into the future. After watching both these stories I saw one point shining through - the state (government), of any party form i.e. National, Labour, Green etc, will do anything it can, or has the ability to affect, to ensure its continuance of power through the next election. Interesting.
Despite having worked for government (they paid the wages) most of my life I've learned they cant be trusted to make wise decisions lol - for that you need leaders!
IN many cases we don't have leaders, we have followers, that's who most of our political leaders are.
We personally removed out exposure to debt some time ago and now operate out of ready cash, We no longer have any creditcards, we have no mortgage and for the time being we have opted to stay that way.
We have started to prepare, albeit slowly but we have water, and basic foods stocked piled. Whether these financial crashes happen today, tomorrow, or next year, we have some preparations in place.
Post by blacksheep76 on Nov 30, 2013 20:33:37 GMT -5
Well done on not having any debt Dunprep. For most of my 20's I had a credit card that was pretty much maxed out the whole time. Now I don't have one and am glad it's gone. No car loans or personal loans but still have 2 mortgages !
Yes it took a while to get debt free and it wasnt without its struggles. In todays world living without using credit is very very hard and the world is setup to hand over credit almost without any restrictions.
Because by getting you into the credit game is to have control over you. These days 90% of adults have debt whether it be student loans, creditcards, overdrafts or loans and mortgages. Credit and debt is how many control people and keep them in need. Even once you own a house, you are not free you are controlled by the state through rates, taxes and the constant need for resources and meeting regulations.
The NZ housing market of late has become heavily overvalued and is continuing to rise at an alarming rate, houses that were once worth around $100k to build are now worth in some locations more than $600k. They are so overpriced now that people are having to borrow more and more to buy, hence feeding the credit game .
this country is buggered. not that it is the be all and end all, but if you arent in the property ladder its next to impossible to get on now. all this 20% stuff has done is take the first home buyers out completely, so they are for ever going to be paying the man who just gets richer, well richer in his mind but in reality he is just fooling himself with a false economy
Financially every country is buggered because of debt to banks. We live in a debt based society and until the whole financial set up is scrapped and something more sustainable is adopted, countries and their people will continue to be working for the bankers. Banks are quick to lend money to people and countries that can't afford to pay it back. "want credit? You got it!" Therefore debt is created, the banks claw back revenue by way of interest charges and everyone is sucked in for the long haul. We can get out of personal debt by paying off mortgages and loans at a faster rate, cutting up our credit cards and once that's done just use cash. My advice is....If you don't have the cash and can't barter for what you want, don't go into debt for it. Wait 'til you can afford it. Personally my wife and I cut our credit cards up about 18 months ago and will be mortgage free before the end of the year. Once that's over we intend to stay debt free. I feel sorry for the young ones just starting out. They are told that they must get a university education to have a chance of a well paid job. Straight away they are sucked into debt by student loans. What chance do they have when they come out of Uni of getting a mortgage when already they are up to their necks in debt? So sad and so wrong.