daily ad

Monday, January 8, 2018

apocalypse debt 2 of 2


APOCALYPSE DEBT 2
*
note: great article on civilian pistol choice clickhere
*
Okay, to recap; the four main points if you are forced to take on debt to prep ( such as if, say, you just know This Sucker Is Going Down and you don’t have Jack ) is to have the amount of the new monthly payment free in your budget, avoiding any paper trail, planning for that to go South, and minimizing this problem by spending frugally.  We covered the first yesterday.  Don’t even think about doing this if doing so just makes things worse-you need to be able to cover the new debt.

*

Next, second, avoiding a paper trail.  This one isn’t all that difficult.  Don’t buy anything that can be an asset they want returned to help cover a bankruptcy liquidation.  The easy way to do this is to start paying your bills with the credit card.  Water, power, cable, cell and grocery are placed on the credit card instead of being paid by check drawn on your bank account.  The cash you would have paid goes into a “cash in the sock drawer” bank account ( well, wherever it can’t be burglared from.  Buried, whatever.  Keep if safe from fire and sticky fingers ).

*

I believe that “bills by credit card” is quite common nowadays, about as uncommon as paying off that credit card balance every month is.  Now, the regular advice is to get a parent or a corporation to buy that junk land, keeping it out of your name.  I don’t know if I really like that, as too much can go wrong there, but we’ll cover that next.  Yes, it is a concern to JUST have cash laying around.  Not because of fire or theft but also because of hyperinflation.  I know you don’t believe me, but as soon as the PetroDollar goes past a certain point of neglect and dismissal, the Dollar will freefall in value.  Overnight hyperinflation.

*

Surely it is better to have an asset paid for than simply promised.  You can have your down payment on land and a contract, but if the politicians have a midnight meeting ( like they did the Too Big To Fail bail out ) and readjust all debts to inflation you will end up not owning anything.  So you are stuck between trusting someone to hold your assets and trusting the system to NOT screw you.  Rock and a hard place.  Even if you actually have a father in law that would rather die than lie, a rare quality nowadays, he could still die and you can’t get the land if his will is contested.

*

So, my point here is that it is easy to get the cash off of your credit card ( without the extra interest penalty for doing so officially ), but then that is where problems come into play.  If you trust another, you could lose.  If you trust timing the hyperinflation and subsequent readjustment to inflation of your debts ( one can bet they won’t readjust for unemployment ), you could lose.  This is where you roll the dice and gamble.  I would say the least worst decision is to trust family or friends.  Why does that concern me?  Easy.  Everyone rationalizes.

*

Come a true emergency, family can and will screw you.  If married couples screw each other and their kids over money, why wouldn’t they screw each other over land?  If it is them or you, who gets the place to live as everyone loses their indebted/rented home?  Them.  People make the right choice when they are not endangered by it.  To think otherwise is to live in the land of unicorns farting sprinkles.  But I can’t imagine holding cash is any surer of a risk.  The more the media harps on something, the more the opposite is true.  A lot of stories lately how wonderful the Dollar is.  Just saying.

*

Well, all of that is a problem, no doubt.  I even hate to speculate on what is best for you, given the consequences.  Alas, if you do trust family and they don’t screw you, your tribe is strengthened.  If they do, have a back-up plan.  Why do you think I sit on six months wages ( old wages, with the day job ) worth of land?  If I only have one and it gets Immanent Domain’ed, I’m in trouble.  Think of back-ups as insurance.  Perhaps, if you find cheap enough junk land, you make payment on one ( having the cash set back to pay off completely ) and have the other paid off lot in someone else’s name.  You are covered either way ( and don’t forget to avoid the paper trail of those yearly property taxes ).

*

Lastly, the forth point.  Don’t go Full Retard doing this.  Just the basics.  Land, peasant storage food and the bare essentials besides.  Don’t buy gold.  You don’t want to have to cash it in at a loss to pay bills.  Enough silver for a few years of property tax, that is pretty smart.  Silver is under priced right now.  If you need gold coins to pay the property tax, you are in the wrong location.  Ammunition will go way back up in price, so you want it now.  If you don’t have a weapon, don’t be stupid paying for one. 

*

I like the point Commander Zero made.  He’d rather have a crappy cheap AR at $400 than a $350 crappy Mosin-Nagant.  If you must buy the uber-cheap AR, turn it into a bolt gun by plugging the gas tube at the intake.  You take the problem potential a lot closer to zero.  A SKS is only $400 and they are the good Eastern European ones, not the crap Chinese.  You can buy a lot of disposable ammo for twenty cents a round ( clean as you would WWII surplus ammo.  Diluted ammonia on all parts the powder touched, then clean regularly, and immediately after firing.  If in the field, have a bottle of the stuff or at a minimum piss on the parts ).

*

The primary point to keep in mind is that you cannot time the collapse.  You MUST always act as if both the apocalypse is happening tomorrow, and that it won’t happen at all.  Have your supplies yesterday, but assume you’ll have to pay for them tomorrow.  Don’t burn bridges, right?  Don’t take gambles assuming you can time the collapse.  Whatever you get in debt for, assume the time will come around it needs to be repaid, and plan around that.

END ( today's related link http://amzn.to/2CGm1gp )
 
Please support Bison by buying through the Amazon ad graphics at the top of the page. ***You can make donations or book purchases through PayPal ( www.paypal.me/jimd303 )
*** Unless you are in extreme poverty, spend a buck a month here, by the above donation methods or buy a book. If you don't do Kindle, send me a buck and I'll e-mail it to you in a PDF file.  If you donated, you may request books no charge.   My e-mail is: jimd303@reagan.com  My address is: James M Dakin, 181 W Bullion Rd #12, Elko NV 89801-4184
*** Pay your author-no one works for free.  I’m nice enough to publish for barely above Mere Book Money, so do your part.***   Land In Elko*  Lord Bison* my bio & biblio*   my web site is www.bisonprepper.com *** Wal-Mart wheat***Amazon Author Page
* By the by, all my writing is copyrighted. For the obtuse out there

 

 

31 comments:

  1. An LLC is stupid cheap to form in most states and stupid easy to form in most states . You can usually even have an LLC as the former and owner of another LLC.
    Nevada requires LLCs to file an Annual List of Members/Managers and Business License. It is due by the last day of the month marking the LLC's incorporation anniversary. The filing fee is $150 for the Annual List and $200 for the business license registration.
    In Wyoming $150 total. That includes all fees and everything. The $100 Wyoming State filing fee for the WY LLC Articles of Organization. First year of $25 registered agent and registered office services.
    An LLC in Montana will cost a $70 LLC articles of organization state filing fee. The state of Montana Secretary of State is in charge of filing Montana LLCs, and it will take about 10 business days to process
    In Florida The state fees include a $100 Florida LLC filing fee plus you need a registered agent.

    I have made LLCs in most of the above states, letting some expire after I am done with them, and keeping others to hold certain assets or tax benefits. I pay their annual fees (usually about half of the cost of forming the llc) when I pay the property taxes on the assets or when I get my income tax return. Anyone looking for assets in my name can not find any property in my name, and the LLC is also formed in the name of another, then transfered into my name (they sell me the LLC). A good enough PI can find my ownership by looking at the annual reports- But that takes time and effort most creditors and shyster lawyers arent going to put into it unless you are way better off financially than most of us here. You can also put an LLC into a non-revocable trust (I intend to do this when I am living on the land) that allows you to continue to be an officer of the LLC while no longer being the OWNER of the LLC (the trust owns it until you pass on and then it goes to the person named in the trust). This is a thing I plan to do when I am living full time on my land so that my children inherit the land without any taxation, and can control the land but not sell it out from under the grandkids I am hoping for...
    Mind you the whole thing goes out the window when the Rule of Law breaks down - but something like it can probably be re-instituted once some sort of law re-establishes if one (or ones family) is still in possession of the assets.

    ReplyDelete
  2. Note as long as we are living under the rule of law and thus constrained by it we may as well take advantage of the things it can do to protect us. Since attack by lawyer is a real thing, having your most important assets protected by laws and such is a good idea, if it never saves your asset, well at least you had the insurance just in case. If any lawyer ever does come after your assets then you have the legal protection you set up.

    ReplyDelete
    Replies
    1. True, just keep in mind you aren't REALLY buying insurance. You are increasing your odds of avoiding getting screwed, but no guarantees because the justice system is flawed-the most money wins, regardless of justice or even the actual written law.

      Delete
    2. True. You can never beat the cops, the banks, or the lawyers. BUT you can make it more expensive than it is worth. We are all on here varying levels of poor - if there isn't a profit in it why should they hunt you down? If it takes them a couple seconds and earns them a couple of hundred bucks sure they'll come after you. If it takes them a couple of MONTHS and earns them a couple hundred bucks after expenses? Why bother. Now if you schluped their daughter or some such you are screwed no matter how long it takes. Or if they think you must have something to protect, (of course in that case the joke is on them as it wont be worth their time...)

      Delete
    3. True, although I fear in time they will go after less profitable stuff as the low hanging fruit is picked.

      Delete
  3. For stashing cash or other valuables, get some of those fireproof fiberglass bags sold specifically for that purpose, and place valuables in a safe or some sort of innocuous (not obvious to a thief) container for stashing valuables. My advice on those fireproof bags is to try and find the versions that are coated in a way that you don’t need to wear a respirator or gloves to handle them (the fiberglass is some pretty nasty to stuff to be avoided).

    Trust in family is probably the safest bet, and usually after a lifetime, you will know where you stand with them. My father’s sister screwed him out of his inheritance, but this came as no surprise.

    I like the idea of the LLC. But JJ Grey’s description sounded as if it could be complicated, and that you would need to know what you’re doing. I don’t know if it’s possible, or if it’s risky to buy land under an alias, but if so, this might be ideal.

    That book that you linked looked pretty good, so I wishlisted it. I was particularly interested in the chapter on purchasing Canadian properties. I feel that they have an even worse government than ours, and that their gun laws are far more draconian, but there is also a lot of elbow room up there, and therein lies the advantage of Canuckistan. Most of the liberals are in Toronto, so stay to the west.

    Someone mentioned here before, the book on privacy by J.J. Luna, and I think that this could be helpful to this topic. From the reviews:

    How to hide yourself at different levels, and WHY you'd want to!

    ByCoderon September 10, 2013

    Contrary to some misconceptions, it's not only criminals that need to hide. Not just abuse victims, either! Fradulent lawsuits, unethical private investigators, injury lawsuits, mistaken identities, other corporate mistakes, and an overbearing, big-brother, growing Marxist government are all good reasons you may want to hide your address or the ownership of some or all of your property/assets.

    https://www.amazon.com/How-Be-Invisible-Protect-Children/dp/1250010454

    ReplyDelete
    Replies
    1. Wasn't that the book on cheap land that was a bit dated? Not saying any of it is out of date-but in places like Canada it very well could be. I know I read the thing long ago but can't remember any of it. Not sure if I have a copy or not. As if I could find it if I did. I had all my books in grey totes, then 90% on shelves, but then I bought so much more even shelves don't help much, jammed into my small storage trailer.

      Delete
    2. An llc really isn't complicated at all. I could form one on a 15 minute break, and most of that time would be coming up with a unique name and deciding where I wanted to have the mail for it sent to. The cost isn't pennies, but it isn't that much either. If you don't have your land in an LLC you are asking for problems down the road should creditors or lawyers start hunting you down for any reason. They WILL find all properties in your name and WILL put liens on them and seize them.

      Delete
    3. Trusts, on the other hand, especially with an LLC, get way more complicated depending on your goals with them.

      Delete
    4. Yes, that’s what a few of the reviewers were saying, meaning that it’s dated. I saw a few old copies of it for $1.25 though, so maybe it’s worth it for that price. But then again, if doesn’t help as far purchasing Canadian property, maybe not? To me, the only thing that Canada has going for it is population density, or lack thereof. But then again, with such shitty gun laws, perhaps it’s a wash, and you’d be better off just finding an area in the US with the lowest population density. I’m the Elko minion, and while my particular parcel is probably good enough, I always feel the need to keep my eye open to other areas, just in case.

      Delete
    5. I finally decided long ago to embrace Elko for all its good and bad, but that doesn't me from continuing to check out land elsewhere once in awhile. To no good effect, at all, age has decided it if nothing else would, but I'm still curious. It killed the cat of course, so be careful :)

      Delete
    6. Yeah, I’m sure that once I finally drag my ass out to Elko, that will be it for me as well. But if I was a little more ambitious, I’d look into the Dakota’s, or perhaps Eastern Montana or Wyoming. But I ain’t gonna lie. I’m not man enough for that kind of country :D

      Delete
    7. I tried east Wyoming in my youth-wind didn't stop all summer so I didn't bother staying for the winter. No shame in leaving that country to the descendants of those that wanted to live with the most savage of the indigs with the worst weather outside Finland thrown in as chocolate sprinkles.

      Delete
    8. I've got relatives scattered all over Wyoming. Bust their chops every day on FB, about how warm it is here compared to there !
      Hell I own one third interest in a great bol cabin in central Idaho, but you ain't gonna see me living there either !
      Here I can survive nekid, with no supplies and get by. Can't do that in any of the redoubt...without great difficulty anyway.

      Delete
    9. We are having a warmer winter here than my kids in South Carolina are. Of course, we had our Polar Vortex here in '12/'13. Had to work in that crap. God, how I DON'T miss working in that hellhole.

      Delete
  4. AR bolt action...
    The only potential problem with this is the design of the charging handle. In any self defense situation, you're going to want to reload as fast as possible. A regular bolt action has an ergonomic bolt handle to help facilitate this. The AR has a charging handle in an awkward location which is made of THIN metal. I've seen a charging handle break at the range. In an extreme hurry, under stress, putting significantly more stress on the charging handle than you normally do, you'll be more likely to break it. You should stock spare charging handles, and HAVE A PISTOL FOR BACKUP since one would assume you wouldn't have time to install the new charging handle during a fight for your life. There are also AR bolt designs you can buy that have the charging handle attached to the side of the bolt (almost impossible to break and more ergonomic) and AR pumps, new (Troy) and aftermarket conversions.

    If a person puts their survival supplies on a credit card with the intention of not paying them off and declaring bankruptcy later, this is called theft. The merchant who you bought them from gets paid obviously, but the credit card company gets defrauded. You may not like the cc company, or you may think they are so big that your little default doesn't matter, but it does matter, and it's still wrong. Exodus 20:15 "You shall not steal."
    Peace out

    ReplyDelete
    Replies
    1. Yes, I'd agree that you want an "unbreakable" charging handle for the AR. No, bankruptcy is NOT theft. It is legal. And morally, the bible also tells you to render unto Caesar. The bible was a political tool used by the Papist Empire. It can also be interpreted in as many ways as you need to get the meaning you want. Like the Southerners justifying slavery through the Good Book. The CC companies ARE the bankers, and the usury merchants, which can also be immoral if you want the bible to tell you so, do NOT loan you money-they loan you inflated fiat fake money backed by nothing, then depend of energy extraction to pay them their interests. Strip the earth to pay the bankers. Hump them. You look and see grandma out on the street after the housing bubble, and you are going to excuse the bankers? Don't get me started, dude.

      Delete
    2. My thought on using an AR as a single shot, is that it would be stupid...
      Let the weapon function as designed.
      Unless you have discipline, ya gonna die anyway.
      As the TV jingle goes...It ain't how fast ya mow the grass, rather it is how you mow the grass fast !

      Delete
    3. I don't like AR's, nor do I trust them. BUT. They are the standard, cheap and ammo is also. If I ever cannot use my Enfields due to extreme age, I'll be forced to go AR. But the worst part of AR's, worse than the flimsy construction, worse than the round, is the gas system. Going bolt gets rid of the worse feature. If you have the discipline for semi, I would go with another platform. Fun filled fact. An M1 Garand was fresh out of the factory 2-4 MOA specs. Just like the no.1 Enfield. The no.4 Enfield was 1-2 MOA. Everyone loves the Garand and says the Enfield is a sloppy shooter. That says different, doesn't it? Or course, full disclosure, second hand info from a YouTube vid. But the guy did seem knowledgeable.

      Delete
    4. Just this reply and I'll be quiet. Just because bankruptcy is legal, doesn't make it right. You're basically forcing non-payment upon your creditor. The only acceptable way to do this is to have the creditor forgive the debt out of the goodness of their heart. Obviously people would be more reluctant to get into debt (a good thing) if they knew there was no way out of it.

      Yes, the Bible was a political tool used by the Papists, upon a mostly illiterate population who were lied to that they weren't intelligent enough to understand it, and they would kill you if you did read it and try to spread the truth to others. Interesting how a large population of Catholics left the church after people started reading the Bible for themselves.

      The Bible is internally consistent, so two passages that at first seem to contradict each other, can actually be harmonized with each other and the rest of Scripture. It can only be used to get the meaning you want if the person doing it is ignorant, intentionally trying to deceive, or if the target audience isn't educated enough to know the truth. This happens a lot actually, which is sad.

      Hot topic...(and not a black/white issue) slavery can actually be a good thing, under proper circumstances (improper circumstances requires the death penalty for kidnappers). I could probably convince you of it's appropriateness and the benefit for society if you wanted to hear it. Short version, legitimate slavery is for repayment of debts (don't go into debt), restitution (2-5x) for theft, and to sell yourself into a means of supporting yourself if you have no other skills or business prospects.

      I'm not a fan of the big bankers, but the Biblical prohibition against usury is for Hebrews/Jews not to charge interest to their fellow countryman. Outsiders were okay. The Bible repeats continuously that debt is a curse and the borrower is slave to the lender. In other words, GET OUT OF DEBT AND STAY OUT, or bad things will happen to you.
      Peace out

      Delete
    5. Well, you know that I feel he same about AR's...
      Thing is the gun doesn't have the bolt for manual loading and would be slow for reloading. So let it cycle on its own until it plugs up. Then go to manual mode till you can clean the POS.

      Delete
    6. Most of the issues I had with the thing were, obviously, extraction, but also the bolt freezing with the gunk build-up. So, manually cycling the whore might be impossible at that point. Best to avoid the issue totally. Of course, I don't have the same issue with speed loading as most in wet plant heavy areas necessitating close quarters, so bolts are a natural for me. Same reason I'd most likely go with the HK91 type. I don't care that they are the slowest reloading a mag. But they sure keep going when AR's are past dirty. If Mini-14's weren't so darn expensive I'd even go with them if I could. Anyway, veering off topic. If you are going with bolt, speed isn't paramount and if you go with semi, I'd pick most anything else.

      Delete
    7. 8:32-I don't think we are really polar opposites on this issue. And historically I think your points are valid. Until about 1600 ( yes, I know central bankers existed prior-but they were not the same creature as today ). Central banks enabled colonialism which enabled modern empire. The whole twisted system is foul and wrong ( not that the victors didn't excuse and benefit from it, as did we ourselves ) and I refuse to believe moral behavior applies to them. They are thieves and deserve nothing but extermination. Since we can't do that, why not beat them at their own game as they allow? Look, I know this goes against what we were taught. I felt the same way thinking conventionally. But we were also taught we are only allowed to fight defensively and that will get you killed. Act morally towards your tribe, and that does NOT apply towards Others. It is a hard philosophical shift, but necessary. No one is saying live as an asshat, mnot with your people. Other people? What is different between killing Muslims and Papists killing other Christion sects? Other tribes. Religious affiliation doesn't matter in that case, it is tribal. I enjoy these exchanges. Staying, mostly, civil, you are forced to rationally present your case. I rail against most folks for refusing to change their conditioning, but I'm sure most of us here are quite capable of rational discussion which might even lead to changing perceptions. That is my hope.

      Delete
    8. Lever action is the best compromise.
      Especially the pistol caliber models.
      Not to bad on price either,a Rossi. 357 can be had for around 400,AR range.

      Delete
    9. Logistically, yes. All other considerations they compare poorly. Range, power, increased recoil for what it is shooting ( in my experience-perhaps I was having a bad day? ), a rainbow trajectory. Nothing wrong with it if it is what you are comfortable with and are good with. For someone just choosing, I'd be leery.

      Delete
  5. Link for the man with the best hair in the land


    Gail Tverberg On The Coming Energy Depression

    https://www.zerohedge.com/news/2018-01-08/gail-tverberg-coming-energy-depression

    ReplyDelete
    Replies
    1. LOL! I misread the comment, thought you wrote "link TO", like you were thinking someone had better hair. I'm okay now, thanks for asking ( I reread it twice, knowing Gail's hair is a wig borrowed from Trump ). Damn, I need coffee. Appreciate the link, I shall endeavor to study post haste.

      Delete
  6. My surplus cash is in the attic in the garage, between the R30 insulation and drywall. The rest is in my wallet. My son gave me a $100 gift cert at Cheaper than Dirt, bought (4) boxes of Federal .22 40 grain 325 rds per box for $98.68 total, free shipping. That'll be enough in that caliber for awhile. Brings total ammo inventory up to about 9,000. With each prep pucharse I feel a little safer. I don't trust anybody.

    ReplyDelete
    Replies
    1. Years back I read "The Windup Girl"-damn good book, forced me to buy all his others, even though I normally hate dystopia fiction ( I want full on collapse ) and one part really stuck with me. A poor dude living in a bamboo hovel would take paper currency and roll it up in a tight tube and stick it in a piece of bamboo from the roof. And then, you guessed it, the humper burned down. Just saying. I prefer burial. Here's the book: http://amzn.to/2Fli6pV

      Delete
    2. Just what I was thinking old glorious haired one.

      Not to mention, I'm glad to know where your stash is Ghostsniper , seeing how I live in the neighborhood lol.

      Delete
  7. It's in a small fireproof lockbox, and it's a big ceiling, so good luck. But I hear ya and I'll be rethinking it. @Spud, if you're close, stop by. I'm within a mile of the 135 and 45 intersection in Bean Blossom.

    ReplyDelete

I must moderate-trust me. You don't want to see what happens otherwise. Sometimes it takes awhile to respond as I only check two or three times a day. No N-Bombs, nothing to get me libeled. Otherwise, have at it. If you criticize me, make sure to praise my hair first.