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Sunday, April 2, 2017

sunday reprint

SUNDAY REPRINT
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This article is from issue one of the Malthusian Survivalist Newsletter Issue One which is from the complete collection available in book form which is in Bison Book Batch no.1 which ALSO includes the book Prepper Emergency Essentials, all of which is a mere dollar so of course it would be life altering foolish to not buy right now.  To buy, click here
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USING CREDIT IRRESPONSIBLY

Always in jest, least the less fortunate shriek in undisguised jealousy and attempt to turn me into a federal agency on trumped up charges, I joke that Sweet Baby Jesus loves me above all others. But I really mean it. I can be one lucky son of a biscuit eater. Oh, not in games of chance. It will be a cold day in Hell, a real record breaker, before I won the lottery or ten percent back on a nickel slot machine ( not that there are any actual coins left to gamble with- it is now all digital with a bill insert and a coupon printer for cashing out. Yes, Virginia, all of our jobs are being taken over by robots ). But I am lucky in life. The Ex-Wife #2 thought she was being real clever, thinking she could get all of my tax return instead of waiting the last two years of arrears payments ( the arrears were because she took me back to court to get more child support, after I made LESS money, not because I’d ever missed a single payment ). And she did. Bully for her. Yet, as a result, I had no choice but to declare bankruptcy.  I had been so far behind on bills my only chance to stop the slid was to pay off several credit cards with the return, and when that didn’t happen it was bankruptcy now or later after I had gotten into yet more debt (  I was using credit cards for basic bills like utilities, as 70%+ of my paycheck went to taxes and the ex-wife
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I didn’t declare bankruptcy to avoid paying my debts, I did it to avoid getting even more in debt.  Not that I felt bad about it. All


these idiots blathering about being honorable and settling with your debtors have not Clue One about our economic system. The Federal Reserve Bank is a private entity given monopoly powers by the government, and as of the one hundredth anniversary of its inception, it has stolen all our gold and devalued our currency by 96%, on top of changing all our zoning laws and other regulations so as to help itself to a fee on every single dollar we ever earn or spend. Our banking system, which includes the insurance companies which are merely a subsidy ( wonder why we suddenly had to have ObamaCare? ), is nothing but a parasite and all those who participate are thieves. And you don’t owe a thief anything back after he foolishly loans you money. You are not honorable, paying back those who enslave you. You are just a sad, pathetic little creature. If your church is telling you to do so, they are merely a painted Jezebel saving a few silver coins in the form of a tax exemption.  Shame on them for selling out cheaply. And shame on
your critics imploring you to toil for your master, as they are akin to House Negroes.
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About a year after I had declared bankruptcy, all the Congress- Critters got together and clapped each other on the back and grinned around their oily shiny faces and spouted some Orwellian crap about how they were helping the little people, and changed the laws on bankruptcy. If you were a corporation, and had a lawyer, you needn’t worry your pretty little head about things.  You could still screw everyone over by defrauding everyone with shoddy products, then defraud them again after you had cashed in your golden parachute by declaring bankruptcy ( to be clear, an individual declaring just forfeited paying back money created out of thin air. When corporations do it, it takes real savings from real people ). Individuals, not so much.  Not only could you no longer use a paralegal cheaply ( you had to go with an attorney who charged oh so much more ), it was closer to impossible to declare in the first place. Not impossible. Just closer. If you know this is going to be a stop on your strategy for escaping, save up for the attorney


and read up on your options.
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So, yes, I got out of the debt trap just in time. Close to divine intervention, that. I haven’t had a credit card since near the turn of the century, and since then the only debt was that child support and making payments on my land. I eliminated both in the same year, and I won’t be back into debt for anybody or anything. It was a ten year plus journey getting myself out of the web of the bankers. Not that you have to take that long. A lot of what I did was prepper related, not just becoming free economically ( up to the maximum point possible- I still have to participate in the money economy for food and transportation, but no rent and a bicycle is my only “car”, so that and property tax is marginal ). And four of those years was paying on the land, as I was savings short from the ex-wife tax.
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This was all done on minimum wage, by the way. And with no credit. When you buy junk land on E-Bay or similar online private parties, they finance you with no credit check. At, usually, $100 down. Nobody has any excuse for not buying cheap land in the boonies.  The usual excuse is, my wife won’t move there.  I have a job in the city. Relatives are near. All well and good. Have the land anyway. For now, it is a vacation spot. In the future, it is a legal squat you can’t be booted off from ( have silver bullion coin. They will hold their value and be able to pay the property tax regardless of inflation ). So, if you still have a credit rating, why not then use your credit irresponsibly? Get yourself some tools for prepping, on the bankers dime. To be clear, you are misusing credit to help your preps, then you are declaring bankruptcy. You are de-assing the sinking ship, but doing so legally.
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The ONLY thing keeping you tied to the debt system is your greed. That, and a fear you won’t be allowed to participate. Amazingly, the bankers use the threat of damaging your credit rating as a means to get you to behave as they have deemed fit, and the only reason you do it is so you can get into more debt!  How silly is that?  You can


build your own home for cash on the barrelhead, and hence never need to have a mortgage. A car is a stupid idea, but if you must have one there are always outfits that will loan to you even with bad credit or bankruptcy ( granted, the interest rate will be 20%. But that is good. It might get you into alternate transportation like a moped ).  Not having credit is not as big of a deal as you think.  If you can fill a plastic jar with cash savings and bury it, there is your emergency funds.  You don’t need a credit card for emergencies.
Plus, if you have no mortgage and no car payment ( even if you can’t get a car loan, and are not a mechanic, you can always just buy a beater and budget for steady repairs until it is running good ) and no credit cards, the only emergency you will ever face is unemployment. And you certainly don’t want to use a credit card then. If you face a medical emergency, you go to the Emergency Room, then make payments to the hospital.  You don’t need credit for that.
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Now, I’m not aware of how difficult it is to get credit these days. This might not pertain to you if your credit cards were canceled by the bank. But back in my day, you could get a cash advance ( with a lot more interest paid, of course ). I’d take that and buy a gun on Craig’s List from a private party. Or, the down payment on some junk land. The trick is to not have a link between your credit and what you bought. Don’t take your credit card into the gun store or into Joes Gold Coin Shop. If that doesn’t work, how about credit from your bike shop? If you finance an ATV, then buy remote land which only have goat trails to them ( make sure you have legal access ), an ATV will come in handy running building supplies in.
The great thing about that kind of land is that with no road to it, you aren’t a target.  You can always bicycle where cars fear to tread.
Once the building phase is done, the shop can have the ATV back. You’ve only made a couple of months payments.
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Surely, you can think of wonderful ways of screwing over the bankers.  They’ve done it to all of us for years and are still doing it.


Hell, if I make $9,999 I don’t have to worry about the new ObamaCare insurance but if I make $10,001 I have to pay out near 10% of that in insurance? On top of the 20% in taxes ( federal, Social Security, unemployment and workers comp and if you are a schmuck state income ) I now have to come up with another ten percent? Okay, granted, I used to get a tax return at that low amount, so really the penalty for not having medical insurance is no extra money. I’m just forfeiting a tax return. But at only $10k, I can’t spare that 10%!  But worse than that is the penalty for actually having insurance. If I buy the cheapest at $150 a month, and then I have a $1k deductible, insurance is $233 a month. If you make minimum wage at full time, after taxes, you are taking home

$600.  Hard to pay rent with that, let alone buy food.

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And why is rent so high? The bankers are declaring empty houses ( those abandoned after they went underwater for the owners, or were left after unemployment ) assets to cover their increased accumulation of derivatives, and leaving the houses off the market to jack up the values of all the still occupied ones, PLUS getting larger loans on rental properties everyone is converting to since now you need 20% down to buy a house. Renting is most folks only option. The insurance industry, AFTER bail-outs, is now profiting from mandatory medical insurance, and that industry belongs to the bankers who also got bail-outs, AND the bankers are profiting from people losing their homes by jacking up rents, ALONG with other shenanigans such as market manipulations. Do you still think you shouldn’t screw them on their credit cards?

END ARTICLE
To buy the book this gem appeared in, click here

14 comments:

  1. Yes, brilliant again as usual. I would add another strategy. If you have a paid off house or one with high equity to the loan balance and don't think you can sell it timely enough to get out with cash or it won't sell for enough cash after sale to give you a "grubstake" to evacuate with and start over consider a second mortgage or equity loan for 80 percent. Then make two or so payments to give time to pack your gear and bale out of the cesspool you were in and relocate with the extricated funds from the bankers and let the house go foreclosure as abandoned. It will ding credit but not like bankruptcy. And at this point so what? Just saying. Randy in vegas

    ReplyDelete
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    1. Seriously? LESS than bankruptcy? Walking away with 80% of $200k is considered less worse than declaring bankruptcy on $20k? Are these bankers stupid? Of course, do your research to double check this as it is your ass, but if so, yep, I'd consider it in a market where you won't sell ( which is like, everywhere ). But do it soon, as the economy can't have much more time, then you get zero.

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  2. I got my first credit card in 1988 and have carried a balance pretty much since then. I hate them so so much.

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    1. I'm frugal, budget and always spend less than I earn yet credit cards to me are a bit like cocaine. Addicting. Now I just avoid completely. I never paid off an original charge but just kept paying interest until discharged with bankruptcy.

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    2. Nightshift here, my balance is $10.50. That's what my Netflix costs every month. Need to cancel that........

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    3. Why cancel Netflix? Cheaper than cable or RedBox.

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    4. I keep internet. Bought a $40 fire stick and can watch almost anything. And you tube. Save the $126 a year. Haven't watched it much lately. Killed cable 4 years ago.

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    5. Okay, it is my understanding that Fire Stick just turns your regular TV into a smart TV. So, you aren't getting much extra, just Over The Air. Or, am I missing something?

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  3. Hey Jim,

    talking about pants....I bought some of these:

    http://www.sportsmansguide.com/product/index/swiss-military-surplus-denim-work-pants-5-pack-like-new?a=2129414

    years ago. They wear like Fu***** IRON!

    I wore them for factory work where you are always rubbing against something doing the rep. work. They lasted years. I still got pairs I haven't used yet.

    Good brush pants too.

    YKW
    MM

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    1. Damn, and MADE in Switzerland rather than China! And the price is insane cheap. Thanks for the link.

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  4. I read this and pulled the trigger on bankruptcy. Cost me a lot more but number 2 had left me 200k in the hole. I owe nothing now and intend on keeping it that way.
    Thanks

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    1. I assume you are speaking of when I originally published this. I'm glad it motivated you. For the life of me I can't imagine why anyone still wants to play by the rules at this late stage. Well done.

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    2. Yes, can't remember exact date.

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    3. I had to look it up. Published August 2015. Damn, time flies when you are racing towards the coffin.

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