Thanks for sharing your post. A lot of us are in the same boat for various reasons. I encourage you to continue to pray and do not lose hope.
Tactically, one possible way to approach this is to continue to service your debt for now--but if the big kablooey happens and the system is really demolished, then you could declare bankruptcy like the rest of us (and probably along with 50+ Million households. Just stop paying on the debt (when those to whom you owe are themselves declaring bankruptcy). When your credit card company for example files for bankruptcy, it will sell its assets to another lender, for pennies on the dollar, but your entire debt transfers to another lender that basically never lent you the money but now gets to own your debt. Send a letter stating that you're bankrupt, that you've filed for bankruptcy, that you have no income, and that you are discontinuing paying on that debt and that the bank/cc company should plan to write it off. Then, ignore any debt collectors. As far as I know, your home cannot be taken from you in bankruptcy. BUT THIS IS NOT OFFICIAL ADVICE... it's just a theoretical approach to consider for yourself.
If you're like me, you have some integrity and the above approach feels awful. But here's my justification: I paid into the bailouts with my taxes. I've suffered like the rest of us under this corrupt system. And I have continued to service my debt. But if these big banks fail AGAIN because of their corruption, then I do not think that my integrity will be jeopardized because I don't continue to pay them, especially if some other bank acquires my debt at barely any risk to them--my contract was with the company that lent me money. That's as far as I go.
So, I'll keep an eye on the companies to which I owe something. If they go down, so do I. Beforehand I will get as much cash as I can out of the system and use it purchase needed assets before the cash diminishes too far in value due to hyperinflation. And I'll make sure that I am prepped with food, water and protection (already am, actually), form relationships with others whom I trust so that I can contact them if I'm in a pinch and need something. Trade is good.
Get through this painful moment. The Q Plan will be free of all of this bullshit after this multi-variable Precipice. That is what I believe.
Seeing this has never happened before, it's really anyone's guess. But it appears the playbook is, all debt will be forgiven. It almost has to be. We don't reward bad (or illegal) behavior. Well, unless you're a Democrat but I digress.....
And seeing the Fed Reserve & the IRS, etc are illegal commodities, I would suspect we will be given a clean slate as the illegal United States Corporation comes to an end.
I know I stopped paying my credit cards this year (ruining my 700+ credit score) but I just can't keep up anymore. And the real weird thing is, I just don't give a sh*t anymore.
I had an 840 credit score 4 years ago. Had zero bad debt and they still over time dropped my score to 580. Over time it has gone back up to 700 then down to 650 and I am debt free. So go figure. Recently went to a private lender and they pre approved me for a house loan. I got a 5.35 rate if I want it, the guy said the VA doesn't care about the credit score which is currently 670. All theybwanted was my income tondebt ratio which is common living expenses and my income. Inuse less than 33 percent of my income to live and wham they gave me approval.
Good news is you won't have debt, everyone is wiped clean.
Bad news, if there are no government intervention, 90% of the population dies within 1 yr.
Good news is there will be government intervention.
Bad news, it will cost you your freedom, you will own nothing and be happy, enjoy the bugs!
Lets hope the plan is real and White Hats have a replacement economy.
Good luck and GOD Bless!
The system will crash. The people who hold your debt will fail. The system will be exposed as having been a fake propped up system for decades. And it's going to hurt. Be ready for it.
I'm not as nice as these other folks. We're too old to worry about credit scores, use what you have available to buy silver, get plenty of off the record cash to get you by when the banks shutter their doors, and get some long term food. File bankruptcy or just skip payments for 90 days and then 'settle' your debts or just quit answering the phone when the devils call you. This will be live or die, choose to live and let the banks die the horrible death they deserve. This was my go to approach before finally selling off some acreage and making sure we were debt free. It took everything I had to keep from skipping out on CC and consumer loan debt and using the excess cash for better things. Now is the time to make sure you are on good terms with people who are very well prepared and who understand that you can make a contribution to their survival plans. We are prepared to take on many people, but we won't be helping anyone who ignored and ridiculed our warnings and/or we know that they won't be of some benefit due to laziness, shitty attitude, or entitlement mentality. I do have about 20 acres that is pretty much non accessible most of the time due to a big creek that family who fits this bill can hang out on. That's all they get, the rest is up to them, they shouldn't have been hateful dumbasses.
I wouldn't be fooled for a second thinking that anything you owe will be forgiven - I mean, why should it be?
Funny how we all want integrity and a system with integrity, but kids want their college loans forgiven, and now same with people putting Disney vacations on credit cards living in fantasy $80k in the hole at 35% interest - while others lived within their means and sacrificed.
Should people who sacrificed and paid off their debts, and controlled their impulses be ignored and those who can't control themselves reap the benefit of a clean slate???
Asking for a friend... because she told me that'd be really fkd up.
Should people who sacrificed and paid off their debts, and controlled their impulses be ignored and those who can't control themselves reap the benefit of a clean slate???
My house is paid off and I have zero debt. On the flip side, I've always lived fairly meagerly and have never spent money on expensive cars, vacations, luxury items, etc.
Seeing people who are financially irresponsible get a free pass to start over would be an insult to those of us who spent a lifetime sacrificing so that we could live within our means.
I am the same. Debt free because my wife and I choose to live way below our means.
I think it would be fair to tell people with debt that they must pay back what they borrowed over a certain amount of time without interest.
Or maybe everybody is given the same amount but those in debt much pay the debt first.
I really don't like that idea but it is better than screwing over the people that were responsible with their funds.
On a different platform I have been seeing this
NESARA is not a name it's an acronym that none of you are looking into. National economic security and reformation act. I believe it was signed by Clinton under military order but would need to dig in more
If the current system persists and bank collapsed happens, you can be assured of becoming a part owner in the bad bank with whatever percent of money that was yours is deemed lost.
Whatever small amount they allow you to keep will be in your new account with the good bank.
--ala Cypress.
Or if the bank collapse happens to be a windfall for you (ie your fixed interest mortgage loan is now chump change to pay off), you can be assured that the banks and government will claw back this windfall benefit from you and make you pay your fair share of the loan debt because the banks risk is always deferred to the depositors and is not allowed to be realized losses for the bank owners.
This is what they did in Ireland too, vulture funds (mostly based in New York, any guesses what tribe), bought all the bank “debt” for pennies, then pressed for the full amount.
It was institutional theft with a more than complicit civil service who only wanted their pay and pensions protected.
You are right, eventually it will change. There will be a painful intermediate period ( during the collapse) where the change has not happened yet. Later the change happens and at that point it is anyone's guess what happens with deposits and or debts.
There is a jubilee coming up next year. Maybe all debt will be wiped. World is scary right now but I think it’s all part of the necessary scare event. Trump promises a great American fair. I think it’s all part of the movie and God is about to pour out his grace!
Thanks for sharing your post. A lot of us are in the same boat for various reasons. I encourage you to continue to pray and do not lose hope.
Tactically, one possible way to approach this is to continue to service your debt for now--but if the big kablooey happens and the system is really demolished, then you could declare bankruptcy like the rest of us (and probably along with 50+ Million households. Just stop paying on the debt (when those to whom you owe are themselves declaring bankruptcy). When your credit card company for example files for bankruptcy, it will sell its assets to another lender, for pennies on the dollar, but your entire debt transfers to another lender that basically never lent you the money but now gets to own your debt. Send a letter stating that you're bankrupt, that you've filed for bankruptcy, that you have no income, and that you are discontinuing paying on that debt and that the bank/cc company should plan to write it off. Then, ignore any debt collectors. As far as I know, your home cannot be taken from you in bankruptcy. BUT THIS IS NOT OFFICIAL ADVICE... it's just a theoretical approach to consider for yourself.
If you're like me, you have some integrity and the above approach feels awful. But here's my justification: I paid into the bailouts with my taxes. I've suffered like the rest of us under this corrupt system. And I have continued to service my debt. But if these big banks fail AGAIN because of their corruption, then I do not think that my integrity will be jeopardized because I don't continue to pay them, especially if some other bank acquires my debt at barely any risk to them--my contract was with the company that lent me money. That's as far as I go.
So, I'll keep an eye on the companies to which I owe something. If they go down, so do I. Beforehand I will get as much cash as I can out of the system and use it purchase needed assets before the cash diminishes too far in value due to hyperinflation. And I'll make sure that I am prepped with food, water and protection (already am, actually), form relationships with others whom I trust so that I can contact them if I'm in a pinch and need something. Trade is good.
Get through this painful moment. The Q Plan will be free of all of this bullshit after this multi-variable Precipice. That is what I believe.
Seeing this has never happened before, it's really anyone's guess. But it appears the playbook is, all debt will be forgiven. It almost has to be. We don't reward bad (or illegal) behavior. Well, unless you're a Democrat but I digress.....
And seeing the Fed Reserve & the IRS, etc are illegal commodities, I would suspect we will be given a clean slate as the illegal United States Corporation comes to an end.
I know I stopped paying my credit cards this year (ruining my 700+ credit score) but I just can't keep up anymore. And the real weird thing is, I just don't give a sh*t anymore.
I had an 840 credit score 4 years ago. Had zero bad debt and they still over time dropped my score to 580. Over time it has gone back up to 700 then down to 650 and I am debt free. So go figure. Recently went to a private lender and they pre approved me for a house loan. I got a 5.35 rate if I want it, the guy said the VA doesn't care about the credit score which is currently 670. All theybwanted was my income tondebt ratio which is common living expenses and my income. Inuse less than 33 percent of my income to live and wham they gave me approval.
It could be possible you will have to pay back the debt over a certain amount of time but without interest. That is probably the fairest way to do it.
Good news is you won't have debt, everyone is wiped clean. Bad news, if there are no government intervention, 90% of the population dies within 1 yr. Good news is there will be government intervention. Bad news, it will cost you your freedom, you will own nothing and be happy, enjoy the bugs!
Lets hope the plan is real and White Hats have a replacement economy. Good luck and GOD Bless!
The system will crash. The people who hold your debt will fail. The system will be exposed as having been a fake propped up system for decades. And it's going to hurt. Be ready for it.
I'm not as nice as these other folks. We're too old to worry about credit scores, use what you have available to buy silver, get plenty of off the record cash to get you by when the banks shutter their doors, and get some long term food. File bankruptcy or just skip payments for 90 days and then 'settle' your debts or just quit answering the phone when the devils call you. This will be live or die, choose to live and let the banks die the horrible death they deserve. This was my go to approach before finally selling off some acreage and making sure we were debt free. It took everything I had to keep from skipping out on CC and consumer loan debt and using the excess cash for better things. Now is the time to make sure you are on good terms with people who are very well prepared and who understand that you can make a contribution to their survival plans. We are prepared to take on many people, but we won't be helping anyone who ignored and ridiculed our warnings and/or we know that they won't be of some benefit due to laziness, shitty attitude, or entitlement mentality. I do have about 20 acres that is pretty much non accessible most of the time due to a big creek that family who fits this bill can hang out on. That's all they get, the rest is up to them, they shouldn't have been hateful dumbasses.
They used to have debtors prison...
I wouldn't be fooled for a second thinking that anything you owe will be forgiven - I mean, why should it be?
Funny how we all want integrity and a system with integrity, but kids want their college loans forgiven, and now same with people putting Disney vacations on credit cards living in fantasy $80k in the hole at 35% interest - while others lived within their means and sacrificed.
Should people who sacrificed and paid off their debts, and controlled their impulses be ignored and those who can't control themselves reap the benefit of a clean slate???
Asking for a friend... because she told me that'd be really fkd up.
My house is paid off and I have zero debt. On the flip side, I've always lived fairly meagerly and have never spent money on expensive cars, vacations, luxury items, etc.
Seeing people who are financially irresponsible get a free pass to start over would be an insult to those of us who spent a lifetime sacrificing so that we could live within our means.
I am the same. Debt free because my wife and I choose to live way below our means.
I think it would be fair to tell people with debt that they must pay back what they borrowed over a certain amount of time without interest. Or maybe everybody is given the same amount but those in debt much pay the debt first. I really don't like that idea but it is better than screwing over the people that were responsible with their funds.
That's what I'm saying... I feel the same way about families that are whippin a 15+ year old hoopty while paying full tuition...It wouldn't be right.
On a different platform I have been seeing this NESARA is not a name it's an acronym that none of you are looking into. National economic security and reformation act. I believe it was signed by Clinton under military order but would need to dig in more
Easy answer: No.
May God bless you.
Yea, I ain’t banking on a jubilee.
If the current system persists and bank collapsed happens, you can be assured of becoming a part owner in the bad bank with whatever percent of money that was yours is deemed lost.
Whatever small amount they allow you to keep will be in your new account with the good bank.
--ala Cypress.
Or if the bank collapse happens to be a windfall for you (ie your fixed interest mortgage loan is now chump change to pay off), you can be assured that the banks and government will claw back this windfall benefit from you and make you pay your fair share of the loan debt because the banks risk is always deferred to the depositors and is not allowed to be realized losses for the bank owners.
-ala Argentina.
This is what they did in Ireland too, vulture funds (mostly based in New York, any guesses what tribe), bought all the bank “debt” for pennies, then pressed for the full amount.
It was institutional theft with a more than complicit civil service who only wanted their pay and pensions protected.
All swept under the rug now.
You seem to think the former banking system will continue. It won't.
You are right, eventually it will change. There will be a painful intermediate period ( during the collapse) where the change has not happened yet. Later the change happens and at that point it is anyone's guess what happens with deposits and or debts.
There is a jubilee coming up next year. Maybe all debt will be wiped. World is scary right now but I think it’s all part of the necessary scare event. Trump promises a great American fair. I think it’s all part of the movie and God is about to pour out his grace!
The next 6 months will tell us.