Peak Oil Preparation: Get Out of Debt 1/3 - Michael Ruppert

[realusher00]

He is right!!!

many people sleeeeeeeeeeeeeeeeeeeeeep :(

and think all its ok but in the background

happening something that normal people should not know...

[drummerforreal1]

Why give the rest of your money to the banksters to get out of debt if the world's going to end? Someone please explaint that intelligiently...

[newculture]

@drummerforreal1 I don't think that Michael said anything about giving money to the banks. I think he was suggesting other ways of getting out of debt.

[drummerforreal1]

@newculture Like how? Please explain!!

[newculture]

@drummerforreal1 I think it would be best to ask Michael that directly. He is on Facebook and has a page for Collapse and for Collapsenet. I suspect what he will suggest, for people who are underwater in homes, to leave them and rent. For people behind on payments, filing for bankruptcy. But you would really have to ask him. Good luck.

[sil3ntxOblivion]

@newculture and honestly, i feel as though, if it will be as bad as Ruppert suggests, a lil bit of civil disobedience & getting off the grid certainly will help ur chances of survival during a collapse- that includes self sustainable energy, self sufficient food reserves (& seeds), self sufficient means of exchange (not money but gold or a commodity), or investment in ur community, etc. all these can be detrimental if a true collapse of this magnitude occurs. nothin wrong w/ self- sufficiency

[gloriouspoetry]

What if they crash the dollar, being in debt will make no difference. You can't eat gold or silver or other investments! Knowing how to live off the land and building communities that know how to grow food and built natural resources is good advice. Money will no longer be the issue...you can't eat money!!!

[PDopey]

I was killing time the bookstore in 2007 and I stumbled across Ruppert's book "Crossing the Rubicon" and giggled when I read some random sections, but I sat down to read it, day after day. When I was done I found Ruppert's claims hard to believe. After the last three years and reading numerous other books I now wish I had read the book 10 years ago so I could have been better perpared. I recommend both of Ruppert's books and his DVD. Now.

[baigandine]

Big commerical creditors will do everything they can to cheat you, so do everything legal you can to cheat them first.

[MrEnergyCzar]

get out of debt...you can rationalize it all you want but its the right thing to do...

[Santamariacastro]

Michael Ruppert is an admirable man .

I will make sure to buy a book of his, to support him. Not enough people have the balls that he does, to speak out like that!

[PennnSmith]

Be the smallest fish in the pond. Then you'll be the last to be targeted. PROPERTY of every type makes you attractive to predators. BE NIMBLE. BE INVISIBLE. BE TINY.

[xxxricky]

Rockpants better yet, where is YOUR video!!?... This guy is a genius. What you are saying works in some instances, not all.  Your views are also US-centric which can sound stupid in other parts of the world... I can understand how your advice could be good for some, however you lose me by calling Michael Ruppert dumb.

[UVpirate]

I think the new advice is "Fuck the bank, fuck the bank!" Dont pay these guys shit. What are they going to do? Call you?

[unameitltd]

being in debt and owing a home are about the same thing: givt control

If you are debt free and all your mail comes to a pob not in the town you rent in you are almost invisable to all government except nsa and CIA

[shellius]

What difference does debt make? Having cash is good advice. Buy a tent and supplies in case you become homeless. The economy is going to collapse so what good would gold do? Buy things now to trade with people.

[rockyPants4000]

OLD DUMB ADVICE. Better yet, rent, don't own. For long term financial security, a home is NOT necessarily an increasing value investment. If you do have a mort., KEEP CASH, it's better to have a low interest mortgage and CASH than to have your life savings in a HOUSE. Dumb advice here.

With credit cards, pay just above the minimum, and KEEP CASH. Unless you're rammed up against the credit limit, why pay cash to an unsecured debt? CAN'T pay it off, so what? Let 'em write it off. KEEPCASH.

[dinkolino2]

how old is this?

[newculture]

This particular interview was recorded in September 2008, so its about 6 months old now. Michael Ruppert, though, has been saying pretty much these same things for at least four years since I first came across ones of his talks online. So, it while this recording is fairly recent, the message is not.

[Rationalific]

Thanks so much for posting this! It's great to see Mike Ruppert back! His absense had been a great loss. I hope he shows up more in the future!

[sf4eric]

When wast this originally filmed? It would be helpful if you added a quick note about details such as this on your uploads because it's important context. Thanks.

[newculture]

This was during September 2008 at the ASPO-USA conference.

[HighAway]

But, i'm poor to have gold. How is it possible for me to be in a safe haven?

[LastReplaySC]

dry food and canned food, stock up, get things worth swapping.

[lucinos19]

If you are poor that is good news! you do not have something to loose. Gold is an asset (not an investment) to not loose money because of inflation. It is not an investment as it does not produce any work.

[TrinityOfTyrannyMovi]

"But, i'm poor to have gold. How is it possible for me to be in a safe haven? "

Silver Dude, and grow your own food & Buy a gun.

[dakusahab]

right on. and you also need a well trained dog.

[tenthousandyearsgoon]

@TrinityOfTyrannyMovi Yes, food and water is the most important, especially clean water. HOw many of us have access to a real well here in AMerica? Practically none..all of our water was recently mixed with the sewage of a hundred thousand people, then chlorinated, fluoridated, and who knows what else? YUCKY WATER we have here!

[AKAGl]

Silver.

Failing that, food with long storage life.

[randplaty]

I don't get it... what if there is hyperinflation. Doesn't that mean that benefit those who are in debt and punish those who save? That seams to be the path that the government will head toward. Does Ruppert not think that hyperinflation is a possibility under a peak oil scenario?

[newculture]

Owning and holding physical gold is a hedge against hyper inflation. Ruppert says, either in this part of the interview or a later part, that gold is his only investment. Perhaps that is the reason.