urgent urgent urgent urgent

[Prepper1]

[Tartar Horde]

It is clear that the debt bubble and consequently the fiat currency backed systems will fail, it is a mathematical certainty. It behoves us who are wise to the fact to prepare, adapt and survive.
Fortuna favit mentat paratae.

[Scythe13]

The 70.7% is the internal debt to UK based organisations. Its a very clever wording system.

The National debt to foreign countries, is not the 'national debt' based on guilds and government bonds.

---

The standard system for when a government wants to raise capital is to sell gilts. These are basically the same as bonds.

It's a promise to repay the amount plus interest a certain time in the future.

Let's say SD wants to raise £1000.
NR buys a gilt at 4% over 10 years, paying £500 to SD.
BP buys a guilt at 7% over 18 years, paying £500 to SD.
Now SD has his £1000. Providing he pays NR and BP in time, it's all good.

Now, this is where it gets interesting.

The IMF have given money to the UK which has then been given to the banks. The IMF charges the UK for the money. The UK charges the banks. As far as the accountant are concerned, SD has £1000 in cash as an asset, but has £1000 in liabilities as bonds to NR and BP. All in all, SD is cash neutral to the accountants.

So, the true numbers quoted are...sperious, at best.

It's called creative accounting. All good organisations are good at it.

[Digger]

The 70.7% is the internal debt to UK based organisations. Its a very clever wording system.

The National debt to foreign countries, is not the 'national debt' based on guilds and government bonds.

---

The standard system for when a government wants to raise capital is to sell gilts. These are basically the same as bonds.

It's a promise to repay the amount plus interest a certain time in the future.

Let's say SD wants to raise £1000.
NR buys a gilt at 4% over 10 years, paying £500 to SD.
BP buys a guilt at 7% over 18 years, paying £500 to SD.
Now SD has his £1000. Providing he pays NR and BP in time, it's all good.

Now, this is where it gets interesting.

The IMF have given money to the UK which has then been given to the banks. The IMF charges the UK for the money. The UK charges the banks. As far as the accountant are concerned, SD has £1000 in cash as an asset, but has £1000 in liabilities as bonds to NR and BP. All in all, SD is cash neutral to the accountants.

So, the true numbers quoted are...sperious, at best.

It's called creative accounting. All good organisations are good at it.

S13

This links back to your thread on slavery by consent.

The Country is promising the future work-power of us, the enslaved population, as collateral.

How to get out of the system is the big question for me.

[NorthernRaider]

.

How to get out of the system is the big question for me.

I dont think its truly 100% achievable but with some effort and sacrifice you can lower your signature greatly.

All the usual things such as not having credit / debit cards, not shopping online, only paying cash, not driving a vehicle, live in rented accomodation or not having a mortgage, not using the NHS , schools or welfare system etc.

[Scythe13]

How to get out of the system is the big question for me.

I dont think its truly 100% achievable but with some effort and sacrifice you can lower your signature greatly.

All the usual things such as not having credit / debit cards, not shopping online, only paying cash, not driving a vehicle, live in rented accomodation or not having a mortgage, not using the NHS , schools or welfare system etc.

I hate to say it, but....there's more fun to be had using this system than fighting against it.

Yes, I know, S13 being controversial with finances again. Well, before you berate me, if you're wearing clothing you didn't make, from plant to wearing, then STFU and hear me out.

Providing you know how the system works, and how to get it to work for you, then this system is capable of providing much more benefit than realised.

The basic idea, as Digger said, goes back to my thread about Consented Slavery. If you know how to get that slavery to work for you, instead of working against it, then you'll be able to reap GREAT rewards. Think about it logically. Staying totally out of THE SYSTEM, would mean never going into a shop. So, can you really make all your own clothes, medication, housing, windows, petrol, toys, tools, electricity, pure water, and all that, by yourself? If so, then you should be reading something about medication and what you need to take.

The easiest way to sort this out is to realise that people working together do better than those working alone. If you don't believe that, compare a cave-dwelling existence to that of someone in a mansion on their own island, with internet, planes, farmers on their fields, and you get the idea.

There are ways out of the system, but they'd be no fun. Better to get out of a part of the system, then enjoy the benefits is holds.

[Tarrel]

The thing is, the debt is still increasing. As long as we are running a budget deficit, the total debt will keep going up. The only way to deal with this is by growing the economy so that we all (individuals, corporations and government) keep getting richer so we can sustain the repayment. But, as has been seen over the last four years, economic growth is at an end. Why? Because we're maxing out on use of resources. Oil prices are being kept high, even though most western economies are stagnant, due to unprecedented demand from China, and this is keeping the lid firmly on growth. There is no doubt, the debt bubble WILL burst. Governments are likely to either:

1. Inflate the debt away by printing money, causing potential hyper-inflation. If we do this, it will depress the pound, making purchases of commodities priced in dollars even more expensive (e.g. oil).

2. Default, which will wipe out pension funds indiscriminately, cause a run on the currency and, possible runs on the banks.

(Or of course, they could assure themselves of continued growth by helping themselves to the resources they need, through aggression.)

What does this mean to the prepper? Well, I'd start by trying to reduce exposure to rising prices. Invest in energy-efficiency measures and become less grid-dependent. Trade in the car for a more fuel-efficient one. Have a look at the green deal as a way of borrowing if necessary to fund insulation, solar PV, solar water heating and biomass. Do the maths on the returns you are likely to get by investing in these measures. If you've got money in the bank, consider using it for these types of project. We invested £8k of cash in our renewable heating system. The money saved in fuel is netting us an equivalent return of at least 10%, compared to, at best, 3% from the bank. You can add a further 2 percentage points to that, because the money we are saving we therefore don't have to earn, and therefore don't have to pay 20% tax on it, so that's an equivalent return of 12%. And all this is before energy prices go any higher.

Start moving more of your food consumption towards home grown or locally sourced produce. Avoid food waste. The more food-independent we are, the more we are insulated from rising prices.

Hold cash. Ideally enough to fund a months' worth of food shopping, and to fill the car up a couple of times. Banking systems are likely to be disrupted during financial turmoil. Cashpoints unusable. Remember Ulsterbank/Nat West a few weeks ago? A stash of cash could make the difference between riding out such a shock painlessly, and it being a real crisis.

Building up reserve stocks is, of course, a prudent move in the event of a fast collapse, or many of the "mini-quakes" we are likely to experience as the system unravels. However, becoming insulated from the worst effects of the financial turmoil is probably even more important.

Thinking about the post above, I think there is a mental adjustment that many people will have to make; from being system-reliant to self-reliant. I have a neighbour who is from Yorkshire. Used to be a regional sales manager - very connected to the system. Opted out and moved up here. They now have a B&B and he does various local services, odd jobs, etc. When they first moved up, the house they were renting had its water supplied by a spring. He said it took them ages to get to the point where they trusted the water to drink. He realised that they had become too system-dependent, and would rather trust a big-city water company than the local spring that his neighbours had been using for generations. Of course, the mains water delivered through the tap could become contaminated or interrupted at any time, but people just don't consider that. What you don't know can't kill you!

[NorthernRaider]

Sensible moves are always
1 Get out of debt
2 Scrap credit cards
3 Dont register to vote
4 Dont apply for licences (FAC /HAM etc) but its hard to get by without a driving licence
5 Dont rely on the utilities 100%, ergo get water butts / water filter/ wood burner/ PV panels
6 Grow as much food as you can and learn how to preserve it
7 Stay legal play the Gray man
8 Dont join Unions or Political parties/ dont attend protests or riots
9 Keep some good cash and barter goods
10 Be up to date situationally and aware of current affairs

[Digger]

Sensible moves are always
1 Get out of debt
2 Scrap credit cards
3 Dont register to vote
4 Dont apply for licences (FAC /HAM etc) but its hard to get by without a driving licence
5 Dont rely on the utilities 100%, ergo get water butts / water filter/ wood burner/ PV panels
6 Grow as much food as you can and learn how to preserve it
7 Stay legal play the Gray man
8 Dont join Unions or Political parties/ dont attend protests or riots
9 Keep some good cash and barter goods
10 Be up to date situationally and aware of current affairs

Just a thought, but why get out of debt? If SHTF is truly believed to be about to happen soon, surely the smart way is to get as much finance as I can possibly service, and use that cash to pay for huge amounts of preps. ...

When SHTF occurs, there will be no one to enforce debt collection, and probably large numbers of lending institutions will disappear entirely... leaving me debt free but with far bigger pile of provisions with which to survive.

The snag is working out when to borrow the cash !

[NorthernRaider]

Sensible moves are always
1 Get out of debt
2 Scrap credit cards
3 Dont register to vote
4 Dont apply for licences (FAC /HAM etc) but its hard to get by without a driving licence
5 Dont rely on the utilities 100%, ergo get water butts / water filter/ wood burner/ PV panels
6 Grow as much food as you can and learn how to preserve it
7 Stay legal play the Gray man
8 Dont join Unions or Political parties/ dont attend protests or riots
9 Keep some good cash and barter goods
10 Be up to date situationally and aware of current affairs

Just a thought, but why get out of debt? If SHTF is truly believed to be about to happen soon, surely the smart way is to get as much finance as I can possibly service, and use that cash to pay for huge amounts of preps. ...

When SHTF occurs, there will be no one to enforce debt collection, and probably large numbers of lending institutions will disappear entirely... leaving me debt free but with far bigger pile of provisions with which to survive.

The snag is working out when to borrow the cash !

We are both correct depending on the actual event, If its going to be a short term event like a banking collapse leading to a global crash eventually those money grabbbing bastards in the banks will get round to demanding repayment or siezing your home, councils will demand every last penny of owed council tax even if they did not send out bills for five years. So if thats the case you dont want to survive the collapse only for the bastard bankers to let their lawyers wipe you out years later as you try to get back on your feet. Both the banks, councils and governments may be out of action for years but you know one day they will start demanding their taxes again. So in that scenario your best staying out of debt.

But if it looks like its going to be a society ending massive long term event then shop til you drop on your credit cars and get as much kit and supplies as you can cos chances are there wont be any banks left to chase you.

Its deciding what type of event its going to be thats the problem.