The Options

Guest Post by Eric Peters

About 24 hours from now we will know for sure whether the “kraken” is coming – or never was. In the case of the latter, which seems likely, we had better get ready – intellectually and actually. “We” being anyone who is likely to become a target for Joe’s special attention – which means, in practical terms, anyone who isn’t a parasite, or who wants to be let alone when it comes to personal choices such as whether to join a government-mandated religious movement.

Parasitism relies on the parasite producing. Fleas can’t suck the blood of a dead cat. Put another way, they cannot take what you do not make.

So make less.

Own less.

Reduce what you earn to what you need and shrug the rest. Become po’ – by choice – which is preferable to being made po’ by the likes of Joe.

You’d be surprised how rich you can be.

A person can live quite comfortably on not much if they give up the American Life to which most of us aspire or have been taught to aspire to. This encompassing a “nice” house in the suburbs and new or at least late-model cars in the garage and the rest that goes with – and which usually requires becoming a kind of high-class serf working for a McCorporation.

It was increasingly untenable before hypochondria was weaponized – the average American being deeply in debt and preserving the illusion of middle class affluence only through the miracle of revolving credit. It is now a hopeless situation for millions.

The jobs aren’t coming back – but inflation and higher taxes are.

In a few months from now, we could find ourselves paying $10 for a pound of ground beef and $5 for a gallon of gas. Which you may only be allowed to buy if you have joined the state religion and can present a membership card in the form of a vaccine certificate and are wearing the required religious garb, the Holy Face Burqa.

But don’t worry; you’ll be earning $15 per hour, courtesy of Joe. Or paying that to the people you currently employ for $8 per hour. Whatever we earn per hour may be worth next to nothing, even before they take most of it.

There is increasingly less point in having employees or earning money because of how much of it they take. And how much they make you pay.

Or in owning things, because of what they force you to pay as the price for being allowed the fiction you own anything.

Owning and earning is also the mechanism by which they force admission to the new religion. If you own less and earn less, they have less hold over you. A man who lives in his modest but paid-for home only needs to make enough enough money for the necessaries and if he has a little land, he can provide a good portion of them himself, without having to transact business with anyone.

If you don’t have to go the store, they will have a much harder time forcing you to wear the Face Burqa – or receive the blessing of the Holy Needle.

If you can live outside their system, it is that much harder to for them to make you participate in it. Withdraw. Shrug. Stop feeding your worst enemy, who grows fat by sucking you dry.

This is Option 1.

Option 2 is we stop giving in. Stop letting them take and control – which has been the case thus far because on the whole it was worth it, for most of us. Until last year, they let us keep enough of our money to make the earning thereof worth the trouble. We could still get by with some to spare. We could afford to go out to eat every now and then, buy stuff for our hobbies, improve our homes via weekend projects and such.

It wasn’t ideal but it wasn’t impossible. It was worth getting out of bed and going to work. It increasingly isn’t.

We had enough freedom, a year ago – especially in terms of the everyday things – to make palatable the freedoms denied us. We could celebrate the Fourth of July without feeling ridiculous. It is now obscene.

We face the prospect of no freedom at all – beyond being free to do as we are told, including the honoring of the rituals of the New Religion, forever amen.

Many of us already have nothing left to lose – and many more will be joining the ranks, soon whether they want to or not.

Either way, we have choices to make – and soon.

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16 Comments
Steve
Steve
January 22, 2021 8:10 am

Gerald Celente said “when people have nothing to lose, they lose it.”

In time we’re going to find the level of truth in that statement.

Edward
Edward
January 22, 2021 9:13 am

We don’t own a car, don’t ‘own’ a home and have no debt. We live nicely on $1400 monthly……just not in the US.

Auntie Kriest
Auntie Kriest
  Edward
January 22, 2021 2:13 pm

How about a hint whereabouts?

Biggest question: is it safe?

Call me Jack
Call me Jack
  Auntie Kriest
January 22, 2021 8:10 pm

Is the USA safe?????

yahright
yahright
January 22, 2021 9:47 am

Like I’ve been saying for a while, an economic collapse is in our future, Get out of debt and have a paid-for place to live. get ready while you can. get out of cities and build a greenhouse to grow veggies in and get some chickens and such.

brian
brian
  yahright
January 22, 2021 9:59 am

I think most on this site have seen and been proclaiming this very thing for a long time now. Get out of debt, go po like the article states, learn to barter. Live better with less, its not that difficult. Dump the expensive toys and sew up the hole s in the money bag, you’ll be better off and happier for it.

mark
mark
January 22, 2021 2:00 pm

Michele Bachman is at the 32:22 point in this video and is more than worth listening to:

GLOBAL PRAYER CALL 25

https://www.youtube.com/watch?v=FRdCgOuwGaA

fujigm
fujigm
January 22, 2021 3:26 pm

I have a simple question to the posters here, and would be interested in a sincere response. I continually here people say one of the most important things is to “get out of debt”. Why? If one can maximize unsecured debt (such as credit cards) and then default (preferably when the dominoes start falling), their debt goes out with the tide with the rest of the garbage. I’ve seen this done successfully in 2008-2009, and imagine another opportunity is arising. Am I missing something? (Other than an ethical or moral argument.)

brian
brian
  fujigm
January 22, 2021 5:19 pm

Basic economics, all debt must be paid, someone will have to absorb the debt. So if you are debt loaded that which you have can be taken. I get what you are saying too, buy the big mortgage house etc and when the economy crashes use their worthless currency to pay the debt. Its a gamble, imo, either way.

Personally I prefer to not owe anyone or any government anything. They have no control over me, no leverage. but thats just me

Anonymous
Anonymous
  brian
January 22, 2021 7:26 pm

I’m not sure if you quite get what I mean. Please understand I speak hypothetically, of course. The big mortgage house is secured debt. Paying it back with garbage fiat is exactly my plan. The contract was written in US Dollars. It will be paid in those terms. But I’m speaking of unsecured debt. Everything I have read admonishes people to eliminate their credit card debt (unsecured – nothing to repossess). Yet credit card debt is the most difficult to collect. Very few will buy this debt, as it is so hard to collect. Each transaction is an individual contract, and if disputed, each must be proven individually, not in aggregate.
I’m just wondering why “pay down debt” (and they speak mostly of credit card debt) is such an important point. It almost seems accommodative to the debt industry. Why would I be encouraged to pay down the most difficult to collect debt? It smells like swindle.

brian
brian
  Anonymous
January 22, 2021 8:04 pm

How long do you think the credit card companies will keep giving you credit when you can’t or won’t pay them back?? Yeah I know making the minimum payments will keep them in the game for a while but they’ll eventually figure out your intensions. Then what???

Also the credit companies will try to ‘charge back’ that debt to the venders. And if that happens you are not screwing over the credit companies but some guy trying to make a living. I’d love to see the credit companies get shafted. I also think the day is coming where they will back ground you and if you are a conservative you won’t get credit. But… like I said, for me, its leverage they won’t have and I can go under the radar far easier than someone debt loaded.

fujigm
fujigm
  brian
January 22, 2021 9:03 pm

Hi, Brian. Thanks for your insight. Much of it seems to come from how you believe things happen with (credit card) debt default.
Unsecured debt is issued as long as the issuers are making money. The minimum payments accomplish that. But to increase one’s debt available, certain provisions must be met (study how the FICO score is set). Maximize these conditions, and one maximizes his available credit. So making minimum payments is not the recommended option. Make payments that maximize credit offered to you to increase your credit profile. (This applies to us little people that are not dealing in millions of dollars of credit.)
And nobody “figures out” your intentions; this is all processed by computers to come up with a risk ratio.
‘Charge backs’ only occur in limited instances, primarily vendor fraud/noncompliance or purchase disputes, not in debtor default. Ask anyone with a merchant account.
As for the credit card companies getting shafted, not so much. It is their insurers that must absorb the default. Some background: All credit card debt is insured (of course); the premiums paid are part of your interest rate. When you default on a credit card debt, since the debt is generally difficult to sell due to the individual charge contract nature, creditors apply for relief from their insurance against default for the associated account. They may (will) also file civil suit to recover said debt. If they are made whole by insurance, and can convince you to pay via threat of civil suit, they get paid twice. It’s a nice swindle.
Nevertheless, I don’t want to get sidetracked. I’m still looking for a reasonable answer of why one should pay down unsecured (predominantly uncollectable) debt.
This stems from an event from some years back about a fellow that took out unsecured funding, purchased gold, then defaulted on the loans. Trying to find the name of the guy, but the story made an impression on me.

brian
brian
  fujigm
January 22, 2021 9:34 pm

To each their own. I’m the least of the knowledgeable about debt and credit systems. By ‘figuring out’ I didn’t mean some person was going to read you but more that the number plugged into their credit software would tell them your credit availability. Of course its weighed against your credit score as well.

We used to chase the wealth rabbit with a number of strategies. Basically borrow, invest, turnover for profits, reinvesting profits etc. Broke my back and it put me down for over two years. Did a lot of reflecting in that time and discovered there was more to life than trying to get wealthy, rich and loaded with toys etc etc.

For what does it profit a man that he gain the world and yet lose his soul.

We are debt free. I collect and sell metal, we have over 25K credit on the cards if we ever ‘needed’ it. And I am for the most part under the radar, just another grey man in the crowd. The goal is relationship building with family and good friends, supporting an orphanage in Thailand and Cambodia… Live simple and trust God for our future. Haven’t been disappointed yet.

BTW, I appreciate the challenge too… Something else to consider, winters not over here so its something to look into more for a better understanding of economics. Thx

brian
brian
  brian
January 23, 2021 8:28 am

So having pondered this a bit as well it comes down to a moral problem as you stated before. If you are seeking to borrow unsecured credit with the intension of defaulting… its another form of theft. And like VV stated, I doubt the company is going to let a large amount of unpaid debt just slide out away from them. They’ll hire a lawyer to hound you, or a collection agency.

So you maybe get a short term win but would it be worth it in the end. You destroy your integrity and good name for a few dollars?? Not worth all the tea in china for me.

Vixen Vic
Vixen Vic
  Anonymous
January 23, 2021 12:18 am

One problem with not paying unsecured debt, like credit cards, is some card companies hire attorneys who attempt to get you to start making your payments. If you don’t pay, they take you to court and ask for a judgement against you. If they get it, they’re allowed take whatever you own and sell it to satisfy the debt. The judgement will usually last for a number of years (usually 10 years), but at the end of those years, the attorneys can request the time period be extended by the Court. So if you don’t own anything now, they can take whatever you buy later.
I used to work for an attorney and I’ve seen it happen.

Call me Jack
Call me Jack
January 22, 2021 8:09 pm

I am healthy enough to work another 5-10 years,and i like to work.Screw it.I just retired.Getting my paid off property ready for the deluge.Putting in an acre garden,and another 2 acres in fruit and nut trees. Now have a new,well new to me,wood stove.Need enough solar for minimal lights and freezer.