Getting out of personal debt is always an important factor. If we can get out of personal debt then we can focus on taking care of other needs like preparing for the future.
Economic Downturn Warning
- Thread starter Abdicate
- Start date
When insolvency looms due to the compulsory expansion of debt and the money supply by a central banking monopoly, then one can study the effects of the Austrian Business Cycle Theory (Hangover Theory) to grasp what will possibly happen to personal and business assets. The Austrian school unveils this theory to demonstrate how compulsory monetary policy fabricates a boom and bust cycle at societies expense.
http://wiki.mises.org/wiki/Austrian_Business_Cycle_Theory
The "Hangover" economic method is a monetary manipulation of an economy and is doomed to run to some form of insolvency given enough time, however those who run the monetary deceitful practice escape with an historic heist against its citizens. In hundreds of test-bed economies all over the world it has been faithful to manufacture insolvency and a heist as it culminates to booms and busts. A clever country will figure out a way to “export” all the mal-investment it creates in the process to perpetuate the theft. Also a clever country will manufacture a currency reset process at societies loss to repeat the process.
This is not financial advice but simply my personal expression regarding my own benefit
Q. - What happens to my personal-debt when insolvency matures at the national level?
A. - It liquidizes rapidly whether by inflation, deflation, or by an economic reset.
How will this possibly affect me personally in a hypothetical proposal?
If insolvency is inflationary, then it will be liquidated rapidly fast because either I the borrower will not be in a position to pay for the debt due to job loss or business failure, or I the borrower will have enough “tangible assets” to find myself in a serendipitous windfall. For hypothetically, if I the borrower for example owe a house note of one 100 thousand dollars, but were to have 25 thousand dollars of gold, then hyper inflation will make dollars worthless, yet the gold will be worth a great deal more. Lets say the gold doubles in value twice and is now worth 100 thousand dollars, then serendipitously it also causes my 25 thousand dollar gold investment to be able to pay for what was a 100 thousand dollar house. Yet also the house will also go up in extreme value in an inflationary economy till insolvency readjusts to more realistic values. Thus “my tangible assets” which are intrinsic can be highly advantageous for my personal benefit in an inflationary economy, yet upon an economic reset or deflation setting it, its best that I sell them quickly if possible. The closer a reset or deflation is recognized the less, my intrinsic assets will be worth. Perception is everything in an inflationary economy.
However hypothetically again, my tangible assets typically are only strategic (investment wise) if the economy is inflationary, and its fairly predictable that deflation or an economic reset will most certainly follow upon much insolvency being liquidated in my country. Thus now my intrinsic investments will go down in value monetarily speaking, though they have tangible value still unto survival. Therefore when inflation looms its best that I liquefy investments when my intrinsic assets are worth the most. A window for a windfall can develop in many boom and bust cycles, thus I am strategic to liquefy at the right time.
However nothing is certain, for the compulsory state can rip rip away my gold and intrinsic assets from my hands using compulsory economic edicts amidst an economic reset, which then causes me to loose all my investments by a single decree from arbitrary forces, thus diversification is wise. Maybe even to some measure regarding survival assets should I prepare.
Yet I would agree with many who have commented that being debt free and also being intrinsically invested is best in any scenario.
They did it once before. In fact, when a family found a very VERY rare coin some months ago after their grandfather died, worth millions of dollars, the government confiscated it because it belonged to the time in which US citizens couldn't own gold and he never turned it in! It'll happen again. The ONLY way out of that is to buy foreign gold currency - Gold Swiss Francs and Gold Canadian Loons. Just don't buy US Gold Eagles, they can confiscate those.
I agree
Diversification is definitely strategic.
For the first time in U.S. history we now have a an educational precedent growing rapidly from the bottom up across the country, which is causing many to become fast aware of the coming economic insolvency (whether minor or major), and are embracing with monetary preparedness. This could possibly culminate to a polarized position where a compulsory reset becomes difficult to quickly usher into place using a new compulsory scheme of theft. For if a full collapse of our existing monetary perversion does happen, and also if vigilance in great numbers in our country forbids another compulsory reset with their representatives, then divisions among seats of power would circulate in a stand-off while suffering an organic solution of "real money" to naturally begin to circulate. The real money "something intrinsic" would then take on many forms for exchange. Anything from gold, silver, commodities, intrinsic goods, capitalistic goods, consumer goods, cryptocurrencies, and foreign currencies would all play a role as people in variance would exchange. In time if that happens, I would then predict that silver and gold "money by weight" to win out as the natural dominant medium of exchange. Also if left alone this real money will never become a managed fiduciary-currency tagged with a compulsory face value, but remain measurable as intrinsic "real money."
Further to the OP, my rambling reply follows.
Most USA citizens reading this are, on average, carrying a debt load of over $14,000. The word says do not borrow, so I can Lawfully tell you that you need to get out of debt, even if that means taking a loss; pay it off now. Debtor's prison has, for some types of debts, been reinstituted and will only increase. Since the prison system has become privatized, several judges have been caught and convicted of receiving kickbacks for each accused they wrongfully sent to prison. Foreclosures are at an all-time high and will increase. Asset forfeiture laws are back in vogue.
Bank accounts will be confiscated, pensions raided. That's already happened in several countries. The banker bail-in's are a well established fact.
Take a look at your 'money'...when you read the fine print, it states it is a NOTE...this is another word for IOU. So when you deposit your 'money' into a bank, it is a LIABILITY. The recent G20 meeting was simply re-affirming the fact they can take "your" 'money' anytime they want.
LEGALLY, MONEY IN A BANK HAS NEVER BEEN YOURS – nothing has changed. What has changed is that government is reneging on the New Deal and Socialism. The entire reason for creating the FDIC was for the government to regulate banks and thus guarantee them. The money is simply NOT yours and NEVER was once you deposit it into a bank. You become the same as a shareholder possessing merely a claim as an UNSECURED creditor in the case of a bankruptcy.
G20 is recognizing this LEGAL status and simply saying – HEY, there is NO obligation to bail anyone out.
The checking and savings accounts may be insured up to 100K, but it's going to be 'first come first serve' until the small percentage cash out on this 'insurance'.
In other words...if you don't hold it in your hands, it's not yours.
When one deposits a bank 'NOTE,' it is a LIABILITY to the bank. All accounts are fair game despite the so-called insurance 'protection'...do you really believe that if the banks need to recapitalize, the governments won't renege on their promise to protect your funds? Government minions are not beholding to the people; they are only loyal to their corporate overlords who essentially put them in 'power'.
I believe gov't bonds will be a trigger...one needs to keep his eye on Japan as this will be the first nation to collapse with the Euro in lockstep, then the US etc. Japan has just gone on a massive printing orgy and this, IMO, is the start of the domino effect.
Canada, with the bulk of its exports heading south of the 49th, will fall right along with the good ol' USA.
Ultimately, one would be wise to diversify into hard assets and stay away from paper. Yes, institutions are going to move from public to private assets such as stocks, but even then it is all electronically controlled and I, for one, do not feel secure knowing a 'glitch' could happen and my paper 'assets' go the way of the dodo bird.
All FRN's (Federal Reserve Notes, "paper money") are IOUs' and each has a first lien on it by the Fed. You have no money. They also loan out your deposits through fractional lending so you may have nothing when the SHTF.
The best solution..
Only keep enough money in the bank to pay your bills for 1 month!
Get out of all stocks, bonds, 401k's and all paper. Get liquid. Read about the DTCC... DTCC [Depository Trust & Clearing Corporation] World Wide Theft of ALL Stocks, Bonds, etc.
Just stop playing their game.
That's what would be the best. But the masses will always chase after INTEREST, SHARES, BONDS, and, most important, the tribe's GOLD calf, making the tribe's bubble bigger and bigger.
The Lord has shown me many things about the pending take-down of the USA -- some of which I cannot share with you at this time. And he's shown me some of the physical violence that is at the door of the USA. For those new to the sitch, the global elite are running the show (for a season). These people are multigenerational banking families, bloodlined satanic families who marry not for love but for genetics (to maintain their perceived "privileged" bloodline), the merchants, the rich men of the earth who love money more than they love you or me.
It's almost farcical to hear their constant bleat of how all the nations of the world are in debt. Well, if everyone is in debt, then who is holding the note? Surprise! It's the bankers who created the scenario in the first instance, and are now raping the wealth of the world -- and they're doing it with figures on a screen. Over 90% of all monetary transactions are electronic; soon to become 100%. The US dollar will soon be eliminated as the world's reserve currency.
Gold won't help you in the long run. You can't eat it and it's not standardized for barter/trade purposes. If you have junk silver coins, then they may be useful for a brief period after SHTF (stuff hits the fan), as they are still a recognizable and accepted form of trade, even in a martial law scenario.
It's time for the elite to knock down the big pig in the pen, i.e. USA, time to play that card and thus they are taking American down, by design, to be the lead nation for all the others to follow on the road to the merchants' global marketplace i.e. "New World Order." Oh, America will continue, but not in the manner to which its citizens are accustomed... He's also told me to prepare. While he's shown me that he will be providing for me supernaturally, I don't know, at this time, if my preps will be for me or for someone else. I seek only to obey.
BTW, there are phone app's that track "vaccine refusers," funded by the gov't. Refusers will be quarantined and sent to the same place that the "political dissidents" are sent i.e. FEMA camps.
The above is some of what's in store in the near future. Seek the Lord on this, and he will guide you. If you don't, he won't.
Most USA citizens reading this are, on average, carrying a debt load of over $14,000. The word says do not borrow, so I can Lawfully tell you that you need to get out of debt, even if that means taking a loss; pay it off now. Debtor's prison has, for some types of debts, been reinstituted and will only increase. Since the prison system has become privatized, several judges have been caught and convicted of receiving kickbacks for each accused they wrongfully sent to prison. Foreclosures are at an all-time high and will increase. Asset forfeiture laws are back in vogue.
Bank accounts will be confiscated, pensions raided. That's already happened in several countries. The banker bail-in's are a well established fact.
Take a look at your 'money'...when you read the fine print, it states it is a NOTE...this is another word for IOU. So when you deposit your 'money' into a bank, it is a LIABILITY. The recent G20 meeting was simply re-affirming the fact they can take "your" 'money' anytime they want.
LEGALLY, MONEY IN A BANK HAS NEVER BEEN YOURS – nothing has changed. What has changed is that government is reneging on the New Deal and Socialism. The entire reason for creating the FDIC was for the government to regulate banks and thus guarantee them. The money is simply NOT yours and NEVER was once you deposit it into a bank. You become the same as a shareholder possessing merely a claim as an UNSECURED creditor in the case of a bankruptcy.
G20 is recognizing this LEGAL status and simply saying – HEY, there is NO obligation to bail anyone out.
The checking and savings accounts may be insured up to 100K, but it's going to be 'first come first serve' until the small percentage cash out on this 'insurance'.
In other words...if you don't hold it in your hands, it's not yours.
When one deposits a bank 'NOTE,' it is a LIABILITY to the bank. All accounts are fair game despite the so-called insurance 'protection'...do you really believe that if the banks need to recapitalize, the governments won't renege on their promise to protect your funds? Government minions are not beholding to the people; they are only loyal to their corporate overlords who essentially put them in 'power'.
I believe gov't bonds will be a trigger...one needs to keep his eye on Japan as this will be the first nation to collapse with the Euro in lockstep, then the US etc. Japan has just gone on a massive printing orgy and this, IMO, is the start of the domino effect.
Canada, with the bulk of its exports heading south of the 49th, will fall right along with the good ol' USA.
Ultimately, one would be wise to diversify into hard assets and stay away from paper. Yes, institutions are going to move from public to private assets such as stocks, but even then it is all electronically controlled and I, for one, do not feel secure knowing a 'glitch' could happen and my paper 'assets' go the way of the dodo bird.
All FRN's (Federal Reserve Notes, "paper money") are IOUs' and each has a first lien on it by the Fed. You have no money. They also loan out your deposits through fractional lending so you may have nothing when the SHTF.
The best solution..
Only keep enough money in the bank to pay your bills for 1 month!
Get out of all stocks, bonds, 401k's and all paper. Get liquid. Read about the DTCC... DTCC [Depository Trust & Clearing Corporation] World Wide Theft of ALL Stocks, Bonds, etc.
Just stop playing their game.
That's what would be the best. But the masses will always chase after INTEREST, SHARES, BONDS, and, most important, the tribe's GOLD calf, making the tribe's bubble bigger and bigger.
The Lord has shown me many things about the pending take-down of the USA -- some of which I cannot share with you at this time. And he's shown me some of the physical violence that is at the door of the USA. For those new to the sitch, the global elite are running the show (for a season). These people are multigenerational banking families, bloodlined satanic families who marry not for love but for genetics (to maintain their perceived "privileged" bloodline), the merchants, the rich men of the earth who love money more than they love you or me.
It's almost farcical to hear their constant bleat of how all the nations of the world are in debt. Well, if everyone is in debt, then who is holding the note? Surprise! It's the bankers who created the scenario in the first instance, and are now raping the wealth of the world -- and they're doing it with figures on a screen. Over 90% of all monetary transactions are electronic; soon to become 100%. The US dollar will soon be eliminated as the world's reserve currency.
Gold won't help you in the long run. You can't eat it and it's not standardized for barter/trade purposes. If you have junk silver coins, then they may be useful for a brief period after SHTF (stuff hits the fan), as they are still a recognizable and accepted form of trade, even in a martial law scenario.
It's time for the elite to knock down the big pig in the pen, i.e. USA, time to play that card and thus they are taking American down, by design, to be the lead nation for all the others to follow on the road to the merchants' global marketplace i.e. "New World Order." Oh, America will continue, but not in the manner to which its citizens are accustomed... He's also told me to prepare. While he's shown me that he will be providing for me supernaturally, I don't know, at this time, if my preps will be for me or for someone else. I seek only to obey.
BTW, there are phone app's that track "vaccine refusers," funded by the gov't. Refusers will be quarantined and sent to the same place that the "political dissidents" are sent i.e. FEMA camps.
The above is some of what's in store in the near future. Seek the Lord on this, and he will guide you. If you don't, he won't.
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I agree... riots are on the horizon
Not to worry -- "We're here to help!"
Document: Army Preparing to Use LETHAL FORCE Against “Unarmed Civilians” During “Full Scale Riots” in U.S.
I enjoyed your post and must agree regarding many aspects, yet I am much more bullish on gold and silver. Un-editable gold and silver has been the dominant champion for a medium of exchange all over the world for over six thousand years in thousands of societies; I must disagree on this one point, yet respect your liberty to disagree my friend.
Actually, we do agree per se, re: the hedge of gold/silver.
However, my point is that no one can survive, let alone prosper, if procuring gold/silver is their only response to the impending dynamic.
I was attempting to inject some reality into the somewhat fantasy-dominated mindset of the unprepared majority.
I am reminded of the following:
Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. (James 5:1-3).
If someone truly has the disposable income to obtain gold/silver, then there are many other more urgent prerequisites that must first be satisfied if one expects to survive the coming “downturn.”
For example, learning a wide variety of applicable skill sets.
I agree... riots are on the horizon
Just a thought.....We as the Body of Christ have the ability to begin to pray and bind these riots from happening (mt 16:19 "and I will give unto thee the keys of the Kingdom of Heaven: and whatsoever thou shalt bind on earth shall be bound in heaven; and whatsoever thou shall loose on earth shall be loosed in heaven") if we only speak what the Word says.
Peace to you all!
If your interested, currently there is a prophecy out that God is giving our nation back to us.
Blessings
God never took nation... we left Him. We can only get back His protection through repentance per experience and this timely news article:
http://www.foxnews.com/opinion/2015...erica/?cmpid=edpick&google_editors_picks=true
I've been following some "prepper" forums and financial/conspiracy forums for several years now. One thing we can all agree on is that the markets are completely manipulated; there is no free trade. And whatever happens economically is being carefully planned to happen.
Part of that plan is to make the vast majority of people unable to prepare, as well as unwilling. The middle class is all but destroyed, and they cannot just "get out of debt". The few who are waking up have done so too late. They cannot get their retirement funds without losing what few jobs they have; they cannot get out of debt when they're living paycheck to paycheck; every spare cent is going to rapidly rising expenses, and lower home values make downsizing almost impossible without bankruptcy.
When I began only a few years ago to see what was coming, I started asking the Lord what to do. And the thing that has always come back to me is the lesson of the people of Israel gathering manna: those who gathered much didn't have any left over, and those who gathered little lacked nothing. Some believers are being told to store up, others are told only to trust for provision. I believe God prepares each of us as he sees fit. He knows who can help others and who cannot. He knows who is being diligent and doing their best, and who is not. So each of us must look to God for guidance and not presume that "one size fits all".
Personally, I believe it's always prudent to at least keep a few weeks' worth of canned goods and other non-perishable supplies, even for ordinary events such as power loss. Definitely agree with keeping as little as possible in the banks, and maybe some cash in hand in case of a bank holiday. The dollar has lost almost all its value, so having either some precious metals or other barter-worthy items is also good as we're able to acquire them.
But one thing I'm sure of is that no strategy will be guaranteed to keep anyone out of the whims of the police state. A best-case scenario is that people form small communities in remote places, composed of people with a variety of skills, and heavily guarded. Even so, it's only a matter of time until government troops seek out and destroy/confiscate all strongholds, down to the "tiny house" in the woods. Especially in the US, people are so scattered and disconnected (by design) that our worst problem will be finding people we can trust. And we can't all suddenly move all our family and trusted friends to one place, never knowing exactly when the collapse will come.
There are no pat answers. Each of us needs to just make sure that we're listening to God and doing the best we can, trusting the Lord to supply whatever we lack. But the most important prepping of all is spiritual. Given that the chances of escaping the coming chaos is practically nill, we need to be spiritually prepared for anything. And how do we do that? Only God knows. All we can do is pray and listen, and make sure that our faith is firmly anchored.
Part of that plan is to make the vast majority of people unable to prepare, as well as unwilling. The middle class is all but destroyed, and they cannot just "get out of debt". The few who are waking up have done so too late. They cannot get their retirement funds without losing what few jobs they have; they cannot get out of debt when they're living paycheck to paycheck; every spare cent is going to rapidly rising expenses, and lower home values make downsizing almost impossible without bankruptcy.
When I began only a few years ago to see what was coming, I started asking the Lord what to do. And the thing that has always come back to me is the lesson of the people of Israel gathering manna: those who gathered much didn't have any left over, and those who gathered little lacked nothing. Some believers are being told to store up, others are told only to trust for provision. I believe God prepares each of us as he sees fit. He knows who can help others and who cannot. He knows who is being diligent and doing their best, and who is not. So each of us must look to God for guidance and not presume that "one size fits all".
Personally, I believe it's always prudent to at least keep a few weeks' worth of canned goods and other non-perishable supplies, even for ordinary events such as power loss. Definitely agree with keeping as little as possible in the banks, and maybe some cash in hand in case of a bank holiday. The dollar has lost almost all its value, so having either some precious metals or other barter-worthy items is also good as we're able to acquire them.
But one thing I'm sure of is that no strategy will be guaranteed to keep anyone out of the whims of the police state. A best-case scenario is that people form small communities in remote places, composed of people with a variety of skills, and heavily guarded. Even so, it's only a matter of time until government troops seek out and destroy/confiscate all strongholds, down to the "tiny house" in the woods. Especially in the US, people are so scattered and disconnected (by design) that our worst problem will be finding people we can trust. And we can't all suddenly move all our family and trusted friends to one place, never knowing exactly when the collapse will come.
There are no pat answers. Each of us needs to just make sure that we're listening to God and doing the best we can, trusting the Lord to supply whatever we lack. But the most important prepping of all is spiritual. Given that the chances of escaping the coming chaos is practically nill, we need to be spiritually prepared for anything. And how do we do that? Only God knows. All we can do is pray and listen, and make sure that our faith is firmly anchored.
My pat answer is: Trust God. There are some very poor Orthodox Jews and poor Christians that have reported that their food has multiplied while eating and everyone is full as well as money appearing in their bibles. I can't prove any of this, nor has it happened to me, I believe it's scriptural to those who practice faith, Mark 8.
My wife and I have been stocking up on food and weapons for the last few years. There is no doubt things are not going well with America, and the country in which I now live is not the same as it was when I was growing up. If the things I have stocked up on are not used by me, then it goes to my children and grand children.
Pro 13:22 A good man leaveth an inheritance to his children's children: and the wealth of the sinner is laid up for the just.
Pro 13:22 A good man leaveth an inheritance to his children's children: and the wealth of the sinner is laid up for the just.
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The good thing about stocking up, as long as it isn't at the expense of helping the needy here and now, is that even if we can't use it, someone else will. Who knows but that we're providing for someone else, and that someone else in turn is stocking up for us?
Regarding the U.S.
I do think our nation has a propensity to riot considering that our countries genesis was founded with riots, protest, vandalism, and revolt, which was initiated with the famous Sons of Liberty; for since those days our country in variance has been quick to embrace a spirit of protest against arbitrary powers that raise themselves up. However in our last few generations we have forgotten ethics altogether as a society regarding any kind of ethical substrate regarding Natural Rights Theory from scripture, and many are protesting without rhyme or reason. For grievances should always be "just" in the cause to stand up ethically regarding our God given Natural Rights. For riots and protests today are often for any arbitrary thing, and with continuance may fall to chaos, furthering loss of liberty and violence.
However I am encouraged that many in our country are steadily shifting to an educated substrate of ethical non-aggression, where a physical reaction can only be properly justified on the rugged and sturdy substrate of Natural Rights Theory from scripture in a response to committed despotism. It is my hope that the church in variance will lead with integrity to secure an understanding again regarding the substrate while demonstrating respect for the general apparatus of the law.
I resonate with your focus on faith, yet would you agree that we must also be doers of the word also?
I truly believe it is up to the church for what will happen; for we either manufacture our restoration in the confines of faith, obedience, love and forgiveness, or we continue to manufacture our demise in the confines of disobedience, lust and arbitrary punitive judgment against the non-aggressive sinner.
I think you make a great point; for Joseph was given knowledge to tell Pharaoh to prepare, yet Elijah was told to depend upon ravens.