Peak Oil Preparation: Get Out of Debt 2/3 - Michael Ruppert

[binhonz]

Well, I'm definitely finishing paying off my car finance and not going into another finance after that. Instead... GOLD! And clearly, try to be as self-sustainable possible. By that I mean produce my own food and energy. Good luck to all! =)

[He101A]

Infinite growth is a result of fiat money printed from thin air. The real economy where things are produced, and the economy of Wall Street cannot co-exist. Sooner or later, there will be a break between the physical economy, and that of the fiat monetary system where the banks can create money out of thin air.

[redcoltken]

any hard assets

[ProthoPectore]

what about student loans?



[reints74]

There's no good debt.

DEBT = Dumbest Excuse to Buy Things.

[probe26]

how about oil? I can afford 3 barrels per month, I will save it for years then when we run out I will trade it.

[nikoskabbadias]

only 6.000 views of this video? how many views of Lady Gaga's latest video? this partly makes me happy. not a lot of competition in survival skills, as things get tougher. sleep people, sleep

[baigandine]

Credity is easy. Therefore prices are driven up. Therefore people have to borrow more to meet those prices.

[MarkMillionaireGuru]

Hi newculture

I have just been watching your video and I must admit it really is very good.

I really enjoyed watching it.

Already looking forward to more of the same in the future.

Cheers to your success.

Mark McCulloch

[bluzy25]

what about silver?

[postpeakman]

"junk" silver coins are still cheap, there are some good arguments for getting both gold and silver. Especially if you compare the ratio of silver:gold prices now versus traditionally.

[dakusahab]

go for that man, i am a student and i am banking on my 100 ounces of silver to pay off all my future debt.

[Mastinox803]

Silver more so than gold in my opinion.

[iheartdd4eva]

what about it? You selling? I'll give you $18 an ounce. ;)

[REDDAWN2010]

Gold and Silver will be the olny things left standing in 2-3 years time. Go with Silver. America will be in ruins by then.

[AKAGl]

Silver works as well.

[clearasvodka]

Silver is a great answer to the problem. Any currency backed by precious metals has a chance to succeed. Buy silver, gold etc. and feel 100% comfortable with the fact that it will be worth more in the future. Many many people are starting to catch on making silver and gold more scarse.

[stickitupyourasteric]

@bluzy25 get a slave feed him/her very little and make them work hard, just like the U.S. government does to us.

[hedge313]

@bluzy25 If you invested silver 2 yrs ago, you are laughing now. Good luck to you.