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RE: Preparing for what?
If you are out of debt, life is just easier. That's the best way to look at it.
If there is a HUGE financial collapse, then it would be great, provided all the computer systems were destroyed (student loan good bye!!!). If that were the case, LOADS of debt would be a good thing!!!
The odds of that are very low. So it's easier to be out of debt.
If the banks (or whoever you owe money to) panics at the thought of a financial collapse, like they did in America, they will send in the debt collectors and the alike. The last thing you want is to be getting everything ready to bug out (because you saw the same financial collapse coming) and then find 5 big guys standing at your door waiting to take everything you have, including your BoB.
So it would seem that we are all preparing for a financial collapse. Or is it just the effect a financial collapse would have on society?
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