I understand the importance of living frugally and within ones means. However, shit is hitting the fan for a lot of people and even those who are responsible are having to get creative.
Are we counting on "The Great Reset?" The biggest FU to the banks, go down with the ship? With interest rates at stupid numbers and a financial collapse every 10 years, what the actual fu*k?
Whats the endgame?
I am not sure exactly what you are saying, but if you are contemplating taking huge debt in the hopes of some kind of "debt forgiveness" after the precipice, I would be very careful about something like that.
Two years ago it was not very clear what the end game was. People were thinking in terms of NESARA/GESARA and debt forgiveness etc. But we have the advantage of being the spectators in the biggest Movie of all time.
From everything we can see, the end game is where the inevitable financial collapse converges with fake world wars, pedo disclosure, etc.
Everything Trump did for the first 4 years seems like he was preparing this to be a controlled demolition instead of uncontrolled chaos like the Cabal wanted.
The EOs. The Fed being merged under Treasury. The BlackRock and ESG. The printing of trillions for Covid, Ukraine and everything else. All of these are part of this controlled demolition.
This is my bold prediction for the end game (aka Controlled Demolition of the Slavery Financial System):
The evil people will be left holding the bag. All their financial assets will be wiped out.
Normal people like you and me will also be affected, for a temporary period of time (aka Precipice, or Near death experience)
The EOs will kick in, and all the real assets collected under Fed/BlackRock will be seized by the Treasury
All financial holdings of people which was derived from criminal activity will be seized as well.
The non-criminal savings of people will be repatriated to the account holders from these assets that were seized.
There may be a limit beyond which the savings wont be repatrioted.
Debts which were illegal, predatory etc would most probably wiped out. Remaining debts might be adjusted and move to the Treasury. There may be long term no interest plans established for the payment of the same.
I think what they are trying to say is waiting for this movie to play out, there are real victims in this. People are losing everything and slamming credit cards to try and cover the inflation and stuff. So I think they are asking, what will happen when people have lost everything while still waiting for this to play out. Best case scenario is Trump wins and gets the gold standard back and the dollar strengthens but people will still have massive debts so what happens then.
This is a real war with real casualties. This is the harsh truth of war that people never want to accept. The goal here is to limit the casualties as much as possible. I think, with exception of certain events like Maui, the military is doing a decent job at limiting casualties here.
You think owning gold is a mistake, or did I read that wrong?
I paid credit cards off with what I got but it was nowhere near 500000 so idk where you got that #
I think at most I got 2500-4k
Gotcha
5 to 50k, strange i didnt get shit.
Most of the debt is sky high interest. Wipe it out. Recalculate debt w reasonable rates most wont have debt then. It's all inflated. How much tax theft in your parents? Grandparents who are passed...moves to you in renumetation ? I'm hoping my family house robbed by the local cabal is given back to we the remaining few of my family. House or cash robbed from this family.
Who is all this personal debt owed to? Its owed to companies that have participated in predatory lending practices. The same companies who will have their assets forfeited. Nobody owes money to the mom and pop down the street. They owe it to the banks. The same banks engaged in usury. Therefore all debt is derived from criminal activity as you say.
My house is paid for. I bought the land and built the house for 175k in 1986. That loan cost me many multiples of 175k to pay off. Even with the improvements I have made since, at the cost of many more thousands of dollars, and the skyrocketing value of property over the last 37 years, the value of my home and property still do not match what I have actually paid. And truthfully, I still dont have complete control over my property. Miss one tax payment and it can be taken from me. It is a predatory system at every step of the process.
I am not a nesara/gesara believer but I do think that if sovereign debt is forgiven so will personal debt. If the entire way we pay for goods and services is reset then the entirety of the old system must be destroyed and they will use forfeited assets to enact the change.
Of course it will. If it’s not then the banking cartel is still in charge and nothing has changed.
The person you’re replying to is simply hedging against disappointment with his take. Not something I could blame anyone for at this point with all we’ve bern through but that’s what it looks like to me.
There are tons of small local banks and credit unions, as example, who have been doing the right thing all these years.
And what percentage of Americans debt do they hold? Less than 10%?
Would it matter what percentage, if the argument is whether all debt needs to be forgiven or only predatory ?
So because 10% is not predatory we should let it all slide? Or do we forgive 90% and tell the 10% too bad? I think if you forgive 1 debt because it was predatory you have to forgive it all. And at the end of the day it is my opinion that even the Credit Unions were engaged in usury.
This is the exact argument I hear from people when I talk about it. Those who have debt / mortgages want it to be forgiven. Those who spent all their lives denying themselves luxuries so they can pay of their debts feel its unfair that the ones living recklessly should be rewarded. Both sides become pretty emotionally invested in this debate.
Hoenstly, I dont know the answer. I hope the final answer is something that makes everyone happy.
I cannot imagine a free world where recklessness is rewarded, and at the same time, I cannot imagine it where thousands of people are still debt slaves.
One possibility I imagine is that, whether a loan was predatory or not, if you got gains for it you have to pay for it. For example if you bought a house on mortgage, it makes no sense to forgive the mortgage, but let you keep the house for free.
Perhaps the house would be revalued and loan adjusted accordingly? The new loan would be easily affordable with the new wages? I dont know, but is sounds reasonable.
At the same time, if you were a honest local bank working really hard to help your local community and keep the feds off your bank (According to Catherine Fitts Austin thousands of such banks exist) - there is no way we are gonna tell them that they are screwed.
Ultimately, I am kinda glad I am not the one having to make these kind of decisions because there is no easy answer.
I have no debt.
Since when do slaves pay their masters debt once free?
I think the 'meme' stocks will be a major factor for the bankruptcy of criminal hedge funds as well.
Good post
It'd be dope to have enough left over to buy a meme stock every 2 weeks
Great breakdown!
I might only tweak #7 as Debt Jubilee. Long overdue.
Exactly! All usury debt is predatory under the CB system.
This would be awesome!
I just paid another one off today. Getting my debt down as much as possible now!
Same here altho just like being responsible with my student loans 20 years ago, it'll prolly fuck me in the end.
I paid off a whole college degree hauling scrap metal in a $400 pickup truck over a year and a half when steel was $0.06/lb. Now everybody who strung theirs out is getting shit paid for for free 🤷♂️
Something similar happened to my brother.
It is such a relief to get rid of debt that you no longer see the purpose of; like credit card debt.
Yes it is!
Ive got 2k in cc debt and it scares the shit out of me
Username checks out
Same here. I started when Trump won in 2016 to try and get ahead. When Biden came in we sold off a rental property to fix up our home and pay off debt. We are about $5000 to go on credit and vehicles and then just our home. We are so close to being debt free and I don’t care if it falls and everyone else gets bailed out. We are not going to ever live in debt to others.
Congrats. Smartest move anyone could be making right now!
Thanks!
I still have two more cards. But they are coming down as well!
Keep it up! Financial freedom is where true freedom begins.
Like most people my credit card debt is a result of predatory interest rates, constant inflation and underpay/underemployment.
I don't live like a king, I pinch my pennies but when the heating oil tank needs filled and it's 30 degrees out it's gotta be done.
Even a lower interest rate would make repayment a breeze. I've been doing better with it since I was able to consolidate to fixed interest repayment loans but still a lot of what I bring in goes to debt
It'd be nice to get some kind of solution
I am one of those people. I was mocked while working on paying off all debt. How stupid I was to pay everything off. Use people's money and so on. I understand the numbers. I also understand how using other people's money can make you rich. What I can tell you is this. Paying off all your debt may not make you rich, but It will make you free.
I payed off everything last March. I wiped out most of my savings and I am now rebuilding those savings. I still use a credit card but I pay it off every month. I am really just using my credit card as an extenstion of my checking account.
Once you buy into the process of paying everything off it becomes a game trying to figure out ways of paying down debt even faster. You quickly realise that all the things they are selling on TV, magazines, wherever are not things you really need. Those things are just something for people that are not happy with their life and they are buying silly things trying to find happiness. The deeper their debt the more silly things they want to buy to feel better.
Life.
Not freezing to death is a good reason. FFS
Could it be as simple as a new US Government no longer recognizing USD as a currency, thus nullifying all debts? I doubt it, but something would have to give. Think about it, when you take out a loan, pretty sure the contract says it has to be paid in USD. If USD ceases to exist, couldn't the bank just seize your assets instead? I don't see any clear way that debt can be nullified for everyone even if the petro dollar ceases to exist.
Edit: NVM. I think I misunderstood your post
We’re not using USD. We’re using Ferdeal Reserve Notes (of debt)
And in terms of mortgages, no FRNs are issued, just digits on a screen-the 'real' money is how one earns a living and must pay interest (real money) to the lender/collateral holder. Made up 'money' to which we become slaves to usury...
By " real money" are you referring to cash, ie. paper currency?
Gold is real money, everything else is credit.
As ILoveIvermectin stated, We are not using USD today, only FRNs.
Through fraction reserve banking, every time some one takes out a mortgage or any loan. By you signing the document, they create more FRNs and add to the M2 supply. Bank reserves use to be set at 10%, not sure if that amount even exists today. This is one big Ponzy scheme. If credit/loans dry up? So do the banks
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
I had heard that, but not sure.. So now, there is no "Fractional" or "Reserve" WOW Thanks Fren!
Is that why lenders want 10% down 🤔
What you received as a compensation for your time and effort is "real money" that unfortunately doesn't do your labor and time justice.
When you sign a mortgage you create FRN's that did not exist until you signed the papers. (fractional reserve banking) The bank has a small fraction of what you borrowed in thier accounts.
Credit card debt is unsecured
What about other debts, like loans?
Right
What are you saying, that those can be nullified too?
No the credit card debt can be not paid and they can't take your stuff credits ruined but so will everyone else's..I have to feel there is some solution..markets crash dollar crashes someone's in charge
You are right though, somethings gotta give. I wonder if evergrande when it finally hits will be a black swan type of event that causes a financial domino effect in crashes?
I’m always surprised by how much I don’t need. Our culture is so secular. I see big homes, RVs, boats, big trucks, etc. everywhere.
Trim the fat. “Travel light.” If you are attached to stuff, that is how the central banks will get you into their system (as prophesied by Revelation).
Prepare like “no one is coming to save you.” Pray like Christ is coming to save you.
Same. Dad is always telling me to find some hobbies. I'm too depressed and I know too acutely the value of every dollar I have to spend, what it took to earn it
Like Doc Holliday: "I wasnt." Lol
There are many cheap hobbies.
But if you want more, expand your means (while still living within them). I’m not saying to live in a cave. For some that will be the better option.
I would start by reading these:
Rich Dad Poor Dad
https://m.youtube.com/watch?v=wp7Lz1svVro
-Rich Dad Poor Dad Cashflow Quadrant
https://m.youtube.com/watch?v=grVD6e4NILw
-The Richest Man in Babylon
https://m.youtube.com/watch?v=wglndSWrvsM
-Think and Grow Rich
https://m.youtube.com/watch?v=ZUbfskQ-GAY
-Mindset
https://m.youtube.com/watch?v=Dts2U4Rpxe4
-The Magic of Thinking Big
https://m.youtube.com/watch?v=-jt6v_wKK6k&pp=ygUjdGhlIG1hZ2ljIG9mIHRoaW5raW5nIGJpZyBhdWRpb2Jvb2s%3D
-The 4-Hour Workweek
https://m.youtube.com/watch?v=taCl3MLVSVU
-Tax-Free Wealth
https://m.youtube.com/watch?v=E1IznTagfq0
Credit card debt should never be a problem for anyone. Telling yourself no when you don't have the money to pay for something is not that hard. Emergency things are a different matter.
TBS, 2020 destroyed my revenue streams that bolstered my SS and made it possible to live debt free. With the lockdowns also came mandates that were despotic like masking and I did NOT agree to them resulting in using up my credit points with Amazon for groceries which also meant transfers to another account. It has gotten so bad that I went into a debt reduction plan that will take up to 48 months to complete; it is a race now between bank failures and my successful conclusion of debt.
Most credit cards charge a rate over 20 % and some close to 30% if calculated on a monthly basis with their other fees. This would be called racketeering if it were not banks. Loan sharking for sure.
Dave Ramsey has great advice on how to get out of debt without using tricks or services. Recommend checking out his stuff.
You first make an iron-willed decision that this debt elimination is occurring right now, or else it won't.
Then sell a bunch of crap you don't need; pay off the smallest balance one first, without regard to "interest rate", then apply that payment to the next smallest one, etc. and in a short time it's gone or nearly gone. The strategy works because of periodic positive reinforcement as they get wiped out one at a time.
I have been selling "a bunch of crap I don't need" many times now and the debt reduction plan I have is knarly but I don't need (or want) to use or pay on either card-one has suspended use and have you experienced the cost of groceries these days???
Thank you! We are not all irresponsible types
I have stacked silver and if it works out the way I hope, this is my ultra savings plan that will net serious benefits...
Early on in my marriage, my Wife had a serious spending problem.
What finally cured her was watching Dave Ramsey when he had his TV show.
Now we only owe 34K on our mortgage for a house that would probably sell for a bit over 400K
Cars are paid off, and we pay the full balance on our credit card every month.
It's a good feeling knowing we'll be completely debt free in 2 years.
Start a business. A little side hustle. Expense stuff to your business. Maybe you're using space in your home/apartment and your internet service for your business. It doesn't have to make you money, but writing things off can be money in your pocket and a little bit less to be laundered by the deep state.
Grow food. No property? Talk to your neighbors and see if you can lease or share a little plot. My wife and I have been blessed by the Lord to have met a women who has been leasing us 2 acres (up to 8) free of charge since 2018 with a written lease.
But you can start with just a raised bed or pots. If you aren't terribly urban get some chickens for sure. If we all participated enough in a parallel economy we could crash the whole system. But we have to do it now before everything is owned and rented back to us.
Hydroponic garden doesn't need much area at all and you can even do it with out pumps. Just PVC pipe, pool noodles and a cheap grow light if you cant put it near a window. Then get your seeds and make sure the water is ph balanced and fed.
I have never personally owned a credit card at all in my life. I am fortunate to have gotten by with just a debit card, checking, and savings accounts. Never even took a loan to attend college. I have not had a negative balance on my accounts either. I have always avoided credit cards as I did not want to be dealing with the yearly interest rates. This is certainly a decision I have never regretted either.
I do that just for the rewards. Build it up over the year and I usually use them for my yearly Nov vacation hotel
way to go, I have lived the same, and I have enough, because I do not buy stuff I dont have cash money for.
What solution would you propose that increase freedom rather than restricts it?
People are free to get into trouble in the USA.
If getting away with not paying for a few tens of thousands of credit card debt is your idea of getting ahead financially, you've got bigger financial problems that will persist after any sort of reset.
No. Thats the point. Its so bad that thats all people worry about.
Right. I don’t disagree banks and credit car companies are predatory, but no offense, what bad decision making are you doing if you get caught up in their BS?
My parents always told me, “you can afford a Cadillac? Buy a Chevy.” Our culture has a big problem with living outside their means. No doubt the predatory practices need fixing, but we also need more responsibility and accountability.
The credit card debt thing has just been an issue for a while, it’s like a subculture thing that has grown in popularity. If you look at the numbers, it’s Highway robbery and should never be considered. It’s like going to a loan shark and promising to give your kidneys as collateral. They are going to rig the system so you can’t pay or only just barely and they get to collect on your kidneys
I see no chance fake money exists in new Republic
In fact, I think realtors will be out of work because shelter will become a human right not a luxury
The future will be really hard for some people because realizing a common concept such as punctuality was simply part of how THEY enslaved us mentally hundreds of years ago will not be easy
Even for some anons, realizing everything is a lie, even what seems like a biblical truth, will be difficult
So, are you asking what happens if we load up on debt and time it just right so that the banks have to eat the debt, and we just skate away? Is that a thing?
There is contract law. Credit card debit doesn't fall into that. It's a one-sided transaction in the fact that the lender didn't sign a contract with you. Very easy to walk away from cc debt. It will stay on your credit report though for 7-10 years. My guess is the whole credit score thing will probably be totally revamped as the fiat dollar system fails.
Lots of info out there if you want to/must walkaway from cc debt.
Yes
The endgame of the DS is serfdom for the masses that survive the depopulation measures. Hyperinflation and consumer debt are just two of the tools they are using to erode private property ownership and rights.
The current acceleration in inflation also serves the awakening process for those who refuse to see our approach to the economic and financial precipice for what it is.
You saying “excuse me sir, may I bring you another..."
Here in something I see. Maybe it is inaccurate.
When one steals stuff it causes the price to increase for others. Basic concept here.
Sure in some help hole cities they allow open theft to pave a path for public (government) stores to implement.
For the rest of the country they use DEI and such to give credit to those who do not deserve it but they force them to use it on the food and day to day items to pay for the theft in other cities.
Then these people will file bankruptcy or use fake names, mRNA sudden deaths, and such will push that debt back to those who actually work.
It is their warfare and they are masters at it. They know the algorithm and such.
diversify if you can, but we don't know the future except that things look bleak if you're counting on government assistance or have everything in a savings account which the bank uses to play the market.
I think credit card debt can’t be used to sell your home or assets to pay them off. What are people who have been laid off gonna do to feed their family?
Can someone explain to me what happens to credit card debt, mortgages, loans, etc. if JP Morgan and other banks go belly up?
How is your debt tied to the fed? What did Q say about the fed?