THREE PHASES CIVILIZATION COLLAPSE
Prepping For Economic Collapse-Eliminate Debt
Every survivalist loves guns. They love owning them, firing them, collecting them, talking about them and especially fondling them. Food storage is only reluctantly undertaken or talked about ( perhaps because it is viewed as “woman’s work” and every AR-15 molester out there wants to be macho, , although I’m sure the reality is most are P-whipped ). But if you think food is neglected, try bringing up getting out of debt. First, no one wants to admit they are a dumbass so if they are already in debt they must justify it. Secondly, if you want AR’s or freeze dried foods, you NEED debt. So talking about eliminating debt means you are taking away all the toys worth having. Oh, they don’’t call them toys. “The best money can buy because my life is worth it” is the most common, perpetuated in print by Boston T Party ( of “Gun Bible” fame ) who had the luxury of buying in the 90’s which compared to today was a screaming bargain. Another good one is “it doesn’t matter whoever dies saving the most money”. Which is also true, as long as your timing is right and you can buy all those toys before the dollar is toilet paper. Since I insist we work under the paradigm that we can’t time the collapse and so must prepare yesterday, it makes sense to buy the basic frugal version first and only then work our way up in quality. And it MUST be done without debt. Debt is a prison, not a liberator from low cash flow. As soon as you are in debt, you severely limit all logical and prudent choices of life and prepping.
We can all agree that not prepping with debt is good, as a general rule. There are of course exceptions. If you buy a very cheap lot of land on credit, that is a far lesser evil than paying rent. A two thousand dollar lot of land, paid at $50 a month, is far better than cash on the barrelhead for $300 a month rent. Both are a gamble, and both can backfire if sudden massive unemployment occur. The difference is that junk land eliminates the risk soon, whereas rent is for life. If you have no preps set aside, a mere $500 in debt even on a 20% interest credit card isn’t necessarily a bad thing. The extra, though marginal, cost is far better than starving come the collapse. The trick is to not use credit for toys ( and everything above bare bones are toys ). Best to avoid ALL debt. Next best is to minimize debt to the point that even part time minimum wage work can easily pay it off ( here is how paranoid I was. I had a five year note for $125 a month. I bought a second piece of land at half the price at the same time as insurance in case I ever needed to pay off the land quick or needed to halve my payments. And in case that wasn’t doable I had a THIRD local lot already paid off. The difference was distance from work, closest for the most expensive. Much farther for the owned lot. I don’t recommend you duplicate this, but it did lock in my land security BEFORE the economic collapse started. I was golden in 2005, even as I paid off the more desirable location just last year ).
Yet, that is all best scenario. Worse case scenario, one most of us have seen or are now living, is huge debt. Not only is it damn hard to pay it off, it doesn’t leave room for preps. The easy solution, in theory, is to repossess all you can and leave the big city with the big house and big car and move to junk land. And then use most of your wages to pay off debt ( I paid off a hundred grand of child support while making fifteen grand a year supporting a new wife that didn’t work, and still easily prepped. The secret is mostly NO car, with $100 land payment a close second- and lots of wheat for food storage. IF, and yes I know it is a big IF, you can talk your wife into junk land, you can easily do this ). If you can’t, it is really easy to give up in frustration. You just pile on more debt, or resign yourself to Huge Craphole City Living and pray you can escape in time. Or both. Then it becomes a gamble on your creditors dying before you do. Which, is not impossible. I grant you that. I just think it is improbable ( there are no guarantees here in The Late Great Western Civilization Die-Off And Discount Car Wash. Just probabilities and gambling with your life ).
If you see overnight, literal, die-off, debt is no problem. If you see a somewhat prolonged economic collapse prior to die-off, then history suggests the banks will strip you of all possessions and leave you to die homeless, prior to they themselves becoming insolvent. If you don’t want to bet on that, favor NOT chancing the more probable, then you simply must pay off debt, no matter how painful. Sure, prior to repayment buy yourself the cheapest most frugal survival stockpile ( NOT by charging those items so they can be tagged for repossession, but by taking a cash advance or by postponing payments a little longer to free up cash ). ALL debt payments and no preps are as bad as all preps on debt and little repayment. Everything in balance. Unfortunately, paying debts is part of preps. It isn’t just buying guns and storage foods. Because any vulnerability you have will be exploited by others. Your boss, your bank, etc. And they will exploit you if there is profit in it for them. Which there is, once you are in debt. The bank owns you, as does the boss ( work harder or lose your job! For less money! ). And remember, nothing worthwhile is easy. Learning a trade, courting your bride. All were hard but well worth it. The same with being debt free.
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