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

Until you change the way money works, you change nothing.

Michael Ruppert, editor of "From the Wilderness" and author of "Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil" sits down with Local Future's Aaron Wissner to discuss things that individuals can do to prepare for peak oil and the rough times ahead. Ruppert's key message, "Get out of debt!", because being out of debt will give an individual the ability to make quick choices during the quickly changing times ahead. This is the second part of a three part interview.

http://localfuture.org

Michael Ruppert quotes from this video:

Until you change the way money works, you change nothing.

We live in a global economic paradigm that is based on fractional reserve banking.

Banks create money out of thin air.

Debt based growth is a pyramid scheme, it requires infinite growth.

Infinite growth is not possible.

Avoid compound interest rates.

When you are trapped in any interest paying arrangement, your money is working against you.

Buy gold, and hold it physically, in a safe deposit box at a bank or in a safe at home.

Disengage, as much as possible, from this paradigm.

Money is useless without energy.

You can not eat a $20 bill.

Money REPRESENTS the ability to do work.

Energy IS the ability to do work.

Money is a SYMBOL for the ability to do work.

Money represents energy.

Put yourself in a position that you'll never need to be bailed out, because no one is ever going to come to bail the individuals out.

Set yourself up so you have choices and options when times get tough.

Category:

Education

Tags:

• peakoil
• peak
• oil
• prepare
• mike
• michael
• ruppert
• aaron
• wissner
• local
• money
• energy
• economy
• prices
• preparation
• survival
• ftw

[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?

[hedge313]

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

[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.

[stickitupyourasteric]

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