fireball

Do You Believe Borrowing Leads to Prosperity? (Part 2)

staying away from debt and avoiding paying interest has served me very well. if i had to borrow to buy i did without until i could pay for it. the exception was my first home. i payed it off 15 yrs early and promised myself "no more interest." this made it much easier to attain a healthy strong independent financial positon.
individuals and countries must live within their means.

hueco
i drove a little ford ranger for 18 years. my chevy s-10 is 7. my pretty half drives an 18 yr. old van.

i guess i better make a tin-foil hat if that goes with not liking socialist govt..

Government's New Credit Approach: Does the End Justify the Means?

the statists (corporate fascists) never waste a good crises when there is more control to gain.
if you step back and look it is the wealthy parent paying the debt of the spoiled, foolish, extravagent child. in return the 25 year old must submit like a 2 year old. the difference is the govt. benefactor has not got the citizen baby's best interest at heart. the proper course would be to let the kid suffer and learn.

Credit Card Cancer

bust
never had the first credit card. always refused to borrow. never made monthly payments except on my first home which was paid off 18 yrs. early. credit cards looked like madness to me. i do use a debit card but that is a different animal.
you give good advice but i would add to buy some gold and silver with some of that cash to protect value. eventually the piper will return for payment at the rate currencies are being diluted.

Credit Card Cancer

mr schiff
thanx again.
i think you would approve my system of keeping savings in the form of gold and silver and working capital in fiat money. the fiat money is used to raise the level of savings in hard currency. i find safety deposit boxes the easiest, cheapest storage. if obahahahamahahaha decides to villianize the prudent who have saved this way to justify confiscation in the name of the good of the collective, i believe i will have warning as the setup begins since i am always wary of bloated govt. and the parasitic politicians. i pay attention to the lies of the day.