[I_Like_Plants]

$this->bbcode_second_pass_quote('threadbear', ' ')Canadians are in just as much debt, but we don't have the same sub-prime loan industry and we have universal medical coverage, so we don't get hit with medical surprises, to the same degree.

[smiley]

$this->bbcode_second_pass_quote('', 'I') was recently told by someone on this board here, that the above is a myth, and Americans are actually in good financial shape, if they would just realign their priorities.....

[Ludi]

$this->bbcode_second_pass_quote('smiley', 'I') would say a bit more than realigning is in order.

[threadbear]

$this->bbcode_second_pass_quote('I_Like_Plants', '')$this->bbcode_second_pass_quote('threadbear', ' ')Canadians are in just as much debt, but we don't have the same sub-prime loan industry and we have universal medical coverage, so we don't get hit with medical surprises, to the same degree.

[I_Like_Plants]

$this->bbcode_second_pass_quote('smiley', '
')US

Debt: 50 trillion (2006 figure)
Population: 300 million,

Dept per capita: $165.000
Interest annually per capita (5% rate): $8.500
Median per capita income: $22.000 (1999 figure)

I would say a bit more than realigning is in order.

[Eli]

Plants if you are in that deep that may be a good idea.

If you are really that close to the edge. What if you liquidated everything that you possibly could and transfered it into cash and or silver?

Pick up and move no forwarding address no nothing just leave. Like you said what are the creditors going to do?

Get on a plane go to Hawaii and drop off the radar as best as you possibly can. Do like the asshole bankers do never ever show any assets on paper stay as liquid as you can.

What do you think?

This should probably be another thread.

How to handle the coming collapse if you have debt?

[smiley]

$this->bbcode_second_pass_quote('', 'M')ost people are paying 15 or 20% interest now, the median is probably something like 20%. It's changed a lot since 1999. Per capita income has probably gone up to $30k, but that's a skewing caused by increased income for the top quintile, for the other 4/5ths, income has been about level or slightly decreasing.

[threadbear]

$this->bbcode_second_pass_quote('Eli', 'P')lants if you are in that deep that may be a good idea.

If you are really that close to the edge. What if you liquidated everything that you possibly could and transfered it into cash and or silver?

Pick up and move no forwarding address no nothing just leave. Like you said what are the creditors going to do?

Get on a plane go to Hawaii and drop off the radar as best as you possibly can. Do like the asshole bankers do never ever show any assets on paper stay as liquid as you can.

What do you think?

This should probably be another thread.

How to handle the coming collapse if you have debt?

[Eli]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('Eli', 'P')lants if you are in that deep that may be a good idea.

If you are really that close to the edge. What if you liquidated everything that you possibly could and transfered it into cash and or silver?

Pick up and move no forwarding address no nothing just leave. Like you said what are the creditors going to do?

Get on a plane go to Hawaii and drop off the radar as best as you possibly can. Do like the asshole bankers do never ever show any assets on paper stay as liquid as you can.

What do you think?

This should probably be another thread.

How to handle the coming collapse if you have debt?

[I_Like_Plants]

$this->bbcode_second_pass_quote('threadbear', '
')Sorry to hear that, Plants. Have you considered emigrating out of US to a place with a universal plan?

[I_Like_Plants]

$this->bbcode_second_pass_quote('Eli', ' ')What if you liquidated everything that you possibly could and transfered it into cash and or silver?

Pick up and move no forwarding address no nothing just leave. Like you said what are the creditors going to do?

Get on a plane go to Hawaii and drop off the radar as best as you possibly can. Do like the asshole bankers do never ever show any assets on paper stay as liquid as you can.

[Art_Vandelai]

Suburban blight...coming to a suburb near you.

http://www.nytimes.com/2007/03/23/us/23 ... yt&emc=rss

[Eli]

Ok you got to do something about that.


I think you need to think about doing this.

Personally if there is anyplace in the world I would want to be broke it would be Hawaii.

What about farming or fishing as a skill? Becoming an excellent gardener in Hi could also be a good way to go. And waiting until you have developed a skill seems like a mistake. We don't know what the future will hold maybe you will discover a new skill that you have when you get home.

But at any rate you have family there and people do tend to look out for each other. In many areas it is like a small town, as you said and small tight community has a very good chance po. The most important thing we all will need is a support network of friends and family.

It does not sound like you have all that much to lose you are working very hard at ebay. Wouldn't it be more relaxing if you just rode your bike down to the beach and just fished all day and then sold the extras along the road?

There you have people who care for you and love you, that and a little food in your belly is all you need, it is all any of us need really.

Just walk away and leave all this stuff behind.

You will be debt free the moment you walk out the door.

[threadbear]

Plants, How old are you, if you don't mind me asking. By your other posts, I think you are in your forties? This has some bearing on preparing for the future, too.

[I_Like_Plants]

Yep right smack in the middle of my 40s. If I were in my 20s it would change things a lot, I could emigrate, for instance.

[master_rb]

I_Like_Plants

my advice is probabaly useless but i'll try anyway, if i were you i would try to move to canada, that's what people did where the draft came for vietnam and few other times, after visiting canada last year i wouldn't have a problem living there

the problem with this advice is that i have no idea how to get a permit to stay there and how are laws between U.S. and canada, could they bring anybody back for money? i have no idea

just think about it man, it's almost like different state (i hope nobody gets it wrong)

i would check with a lawer and see how it looks, i hope you will get yourslef out of this mess, europe is too far and too different to move but try canada

[threadbear]

Plants, What are your skills, again? Canada might be a good place for you, but I would go to Hawaii first, and then apply from there. Best idea if you want to move to Canada is to marry a Canadian. Yeah, that's the ticket. Then it's easy, and you're not considered too old until your mid 50's.

[I_Like_Plants]

If I move back to HI, I'll be a professional car-less street musician, should do wonders for my looks, I will lose weight and have that Gypsy violin thing going with the increased sun lol.

Dammit though, paid some bills today and worked some numbers, and damned if the debt isn't going down. And I was able to make a payment to my accountant, and paid a bill that's not due until mid-April instead of waiting until the last moment.

The changes* I have made may actually pull my fat out of the fire which is OK with me, it's trying and trying and not getting anywhere that drives me up the wall. If the changes keep on working up until my apartment lease is up and I'm really getting ahead, I guess I'll keep on plugging away here.

*Changes:
1 - Zero spending on Ham Radio from now on
2 - no more alcohol except very special occasions
3 - no more buying at the local auctions, always lose my shirt
4 - Have a hobby that can at least potentially pay for itself (art, music)
5 - Keep on food budget
7 - No more test equipment buying, keep a simple lab
8 - Don't use credit cards no matter what
9 - Always pay at least a bit more than the min. on c. cards
10 - Always keep in mind that slow and steady wins the race.

[Eli]

Well housing seems like it is turning around now look at this link.



link


ha ha just kidding it is headed for the crapper.

[emersonbiggins]

From the article:
$this->bbcode_second_pass_quote('', 't')he supply of unsold homes climbed to the highest in 16 years.