debt or no debt...that is the question....

So my next 64k dollar question is.....

When the collapse comes....is it better to be out of debt or does it matter.....?????

and why?

Category:

News & Politics

Tags:

• debt
• collapse
• obama
• currency
• currency collapse
• fiat money
• dollar
• mortgage debt
• credit card debt

[carl16760]

All you people who still have a job and never missed a beat should seek legal council so you can stop making you mortgage payments for two years and have the ability to now go out and get a house real cheap..That will really help our country.....just expect the government to 'take care of everything' and see what happens...wanna start a revolution?....start paying for what you take!....

[wakeupbreathing]

@carl16760 I dont expect the gov to do anything for me. I pay my way and complete my obligations......yes I am still working but it that my fault??? I won't walk away from my mortgage just because my house is now worthless than what I owe just so I can buy a cheaper house and scam the system.....that's BS

[jorge4title]

i pay as much as i can. i think the government will find a way, the only way out maybe is to disolve your tin/ssn numbers

[wakeupbreathing]

@jorge4title we do also...interesting take on the SSN. Maybe when they chip us all then no need for a SSN anymore.

[Steve2323ZX]

Go into debt for sure.

Step 1: max out all your credit cards and buy guns, gold and silver.

Step 2: never pay back the credit cards and watch your credit score plummet.

Step 3; who cares a credit score will be meaningless in the next few years.

Think about it. When the dollar collapses an 800 credit score won't mean shyte but all the guns, gold and silver you bought will allow you to live like a king.

[ANTIDALLARD]

All indications are, that a deflationary depression, is coming. Check out Michael Hudson on the real news network.

[wakeupbreathing]

@jorge4title no I meant that after chipping there may be some other number than the SSN

[carl16760]

I think getting out of debt will help our country. Isn't this what everyone needs to care about....helping ourselves...It also gives you room if you need help, rather than having already maxed out cards. I also think if you have intentions on buying anything big....charge it now if you have to....b4 the real inflation kicks in...part of preparation thoughts there!

[pwchinacat]

I guess my concern is having a large balance in the bank and when all of the shi* hits the fan not being able to get to that money. I don't know how everything will go down but I don't trust the banks. Look at this stuff with WIKI Leaks and a certain bank. I just don't feel comfortable, I'd rather spend it toward something (debt) than let it become unattainable.