Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Default on Debt, Destroy Dollars!

Discussions about the economic and financial ramifications of PEAK OIL

Default on Debt, Destroy Dollars!

Unread postby I_Like_Plants » Wed 07 Mar 2007, 03:02:23

IF you have a lot of debt, and don't mind living on little income, why not strike your own blow against the Empire and just not repay it?

Starve the Beast.

I know this scares the poop out of the powers that be, because I started this thread once and the Powers told the admins here to delete it.

So, discuss!
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Default on Debt, Destroy Dollars!

Unread postby Kristen » Wed 07 Mar 2007, 03:04:39

I have a feeling that a lot of people are already doing that, the downside is that your credit score goes down the toilet. They really delted it?
User avatar
Kristen
Tar Sands
Tar Sands
 
Posts: 711
Joined: Mon 17 Jul 2006, 03:00:00
Location: Minneapolis, Minnesota

Re: Default on Debt, Destroy Dollars!

Unread postby I_Like_Plants » Wed 07 Mar 2007, 03:06:13

Yeah, I looked all over for it, it got a few replies before, then poof gone.

Yes, people are doing this involuntarily, but I mean to try to break down the mental barriers, being a "good citizen" seems to be just about the opposite of being a good human being. :cry:
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Default on Debt, Destroy Dollars!

Unread postby Kristen » Wed 07 Mar 2007, 03:10:11

yeah i read it earlier today. Deleting it would be against freedom of speech. Try looking up your user name and search for all topics by that user. hope that helps!
User avatar
Kristen
Tar Sands
Tar Sands
 
Posts: 711
Joined: Mon 17 Jul 2006, 03:00:00
Location: Minneapolis, Minnesota

Re: Default on Debt, Destroy Dollars!

Unread postby I_Like_Plants » Wed 07 Mar 2007, 03:11:40

I looked, it's gone.

Meanwhile, what each person can do is pledge to live such that "credit score" which means being a good house nigger as opposed to a bad field nigger, does not matter. Sorry to use the N-words but that's what we all are, working the big American plantation for the owning class.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Default on Debt, Destroy Dollars!

Unread postby Kristen » Wed 07 Mar 2007, 03:18:21

I definetily can relate to your logic, but remember the consequences. Garnished wages, levies on your banking accounts, and seziure of property are all things they can do. Remember the fine print you signed? Who knows what their codes actually pertain to. As you said earlier, eventually and involuntary it will happen. If the dollar goes to freefall mode, we're all going to be struggling. As I will always say, if the looting starts, I'm going to hit the pharmacy up first. Valium anyone?
User avatar
Kristen
Tar Sands
Tar Sands
 
Posts: 711
Joined: Mon 17 Jul 2006, 03:00:00
Location: Minneapolis, Minnesota

Re: Default on Debt, Destroy Dollars!

Unread postby IslandCrow » Wed 07 Mar 2007, 03:26:54

$this->bbcode_second_pass_quote('I_Like_Plants', 'I') know this scares the poop out of the powers that be, because I started this thread once and the Powers told the admins here to delete it.

So, discuss!


1. The orignal thread IS STILL THERE filed under America Discussions.

2. Your statement that the 'admins' have deleted it is false.

3. Therefore what you wrote was not such a treat as you wanted to believe.
We should teach our children the 4-Rs: Reduce, Reuse, Recycle and Rejoice.
User avatar
IslandCrow
Heavy Crude
Heavy Crude
 
Posts: 1272
Joined: Mon 12 Sep 2005, 03:00:00
Location: Finland

Re: Default on Debt, Destroy Dollars!

Unread postby I_Like_Plants » Wed 07 Mar 2007, 03:28:49

You really have no idea what a class-stratified society the US has become, do you?

I don't own property. Nothing to take. No matter how hard I work, I'll never own property. I can live very cheaply, nothing worth taking.

I think there will be millions like this. There is no upward social mobility in the US any more. If you got born into property, horray for you. There are at least 100 million in my situation, not sure how many have faced up to it yet....

This is why I want to I want to incite a sort of revolt of the proletarians, those who don't own and never will own, only owe. We are the ones paying taxes, we're the big cash cows for the Beast.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Default on Debt, Destroy Dollars!

Unread postby Kristen » Wed 07 Mar 2007, 03:36:09

Well then we'll end up in visa camps and really be slaves to the system!
User avatar
Kristen
Tar Sands
Tar Sands
 
Posts: 711
Joined: Mon 17 Jul 2006, 03:00:00
Location: Minneapolis, Minnesota

Re: Default on Debt, Destroy Dollars!

Unread postby I_Like_Plants » Wed 07 Mar 2007, 06:14:39

I'm not sure, not if there are too many of us.

There may be too many of us defaulting to deal with anyway, whether we intend to or not!

Now: The stange life of this subject - Posting #1 was in depletion economics, I think it's been censured, Someone Else Here thinks it ended up in Americas discussion, a place I never go. This one, Posting #2, was in Depletion Economics, now it's in Open Discussion.

At least this one's not been eliminated.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Default on Debt, Destroy Dollars!

Unread postby Pretorian » Wed 07 Mar 2007, 06:57:43

I've never heard of a credit score outside of US. I also wouldnt believe if someone would tell me how many sheeple live in America. One would think that a communistic dictatorship would produce a lot of sheeple. No, the number is absolutely uncomparable somehow.

Sometimes I ask Americans why do they/ dont they act/speak/think/do/ this way and not another. The answer generally is similar: " eeehhh.. mmm... Becouse you (not) supposed to!!"
I am always wondering, where is that fat fuck who supposes everything for everyone?
Pretorian
Light Sweet Crude
Light Sweet Crude
 
Posts: 4685
Joined: Sat 08 Apr 2006, 03:00:00
Location: Somewhere there

Re: Default on Debt, Destroy Dollars!

Unread postby I_Like_Plants » Wed 07 Mar 2007, 07:21:47

Ahh.... the fat f***.....That fat f*** is hard to ignore, that fat fuck is the Ur-American, the Good Citizen, the obese Perfect Being all we in 'Murrica are trying to be.

I know a lot of people skip out on debts because they have a lot of money and want to spend it on coke and whores, so they skip out to the Caymans or something, but I'm not talking about that.

I'm talking about accepting living on very little, because chances are we're going to end up with very little anyway. Assume an income of $500 a month. You can get that cash, doing odd jobs or busking or something. Too little for the Empire to come after, you rent a room or something. Now of course 99.9% of Americans are still brainwashed very well, and still striving until their dying day for the "bling", but I think as the economy gets worse, frugality may become hip.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Default on Debt, Destroy Dollars!

Unread postby EnergyUnlimited » Wed 07 Mar 2007, 10:58:46

$this->bbcode_second_pass_quote('Pretorian', 'I')'ve never heard of a credit score outside of US. I also wouldnt believe if someone would tell me how many sheeple live in America. One would think that a communistic dictatorship would produce a lot of sheeple. No, the number is absolutely uncomparable somehow.

Sometimes I ask Americans why do they/ dont they act/speak/think/do/ this way and not another. The answer generally is similar: " eeehhh.. mmm... Becouse you (not) supposed to!!"
I am always wondering, where is that fat fuck who supposes everything for everyone?

Sheeple are usually produced in consumerism ruled paradigm western world. Those who live in environment of plenty are incapable of asking reasonable questions, eg "How long it will last ?"
On the other hand communism is yielding many concealed avengers.
User avatar
EnergyUnlimited
Light Sweet Crude
Light Sweet Crude
 
Posts: 7537
Joined: Mon 15 May 2006, 03:00:00

Re: Default on Debt, Destroy Dollars!

Unread postby Pretorian » Wed 07 Mar 2007, 12:26:04

sure, but still its incredible how many people went to protect Stalin from German troops. Even with a million or two siding with Germans, there are were plenty of voluntiers to throw themselves under tanks for farther-stalin, ets.
Pretorian
Light Sweet Crude
Light Sweet Crude
 
Posts: 4685
Joined: Sat 08 Apr 2006, 03:00:00
Location: Somewhere there

Re: Default on Debt, Destroy Dollars!

Unread postby Madpaddy » Wed 07 Mar 2007, 12:53:13

Pretorian wrote,
$this->bbcode_second_pass_quote('', 'I')'ve never heard of a credit score outside of US.


Really. In Ireland we call it credit rating. My wife missed one mortgage payment before we got married due to an administrative f..k up on the part of the bank. When we went to get a joint mortgage, we went through hell because of that. The missed payment was 2 years before we went for our joint mortgage. Even though the bank was at fault, the ONLY reason we got the joint mortgage was because I am a good servant of the state (ie. state employee, secure tenure and pension).
User avatar
Madpaddy
Expert
Expert
 
Posts: 2043
Joined: Fri 25 Jun 2004, 03:00:00

Re: Default on Debt, Destroy Dollars!

Unread postby perdition79 » Wed 07 Mar 2007, 15:31:24

$this->bbcode_second_pass_quote('I_Like_Plants', 'I') don't own property. Nothing to take. No matter how hard I work, I'll never own property. I can live very cheaply, nothing worth taking.


Too many people think that you need a mortgage, car payment, and credit card debt to be an American. I've come to terms with being a serf; anyone making less than $200k a year is a prole, period. We all have the same stuff: a job, car, place to live, etc. The only thing that separates $150k a year and $30k a year is that the guy making $150k a year has better stuff.

It's possible to live in America on less than $25 a day and live an incredibly free lifestyle. I took six months' leave after getting out of college, hopped on an old Honda Shadow 650 and disappeared. What a great feeling: living in the South, working day labor, cooking outdoors, bathing and doing laundry at truckstops, sleeping in a cheap tent.
http://www.thepeoplescube.com/

"We are building a religion; we are building it bigger. We are widening the corridors and adding more lanes."
Cake - Comfort Eagle
User avatar
perdition79
Tar Sands
Tar Sands
 
Posts: 553
Joined: Fri 21 Apr 2006, 03:00:00
Location: Babylon

Re: Default on Debt, Destroy Dollars!

Unread postby I_Like_Plants » Wed 07 Mar 2007, 16:15:36

Finally a sensible post.

In the solar-panels-on-rooftops thread, someone talked about being by the window with their sniper rifle defending their solar panels, while everyone else "huddles in the dark" well, humans made do with the natural dark/light schedule just fine up until very recently.....

I believe a version of this happened in Roman times, the rich or at least richer than most giving their lives over to protecting their STUFF.

With the white trash living next door (although they've become the police's special project now and are due to leave soon) I worry more than I have before about theft, funny that when I made $5 an hour and lived in a rooming house I never worried about theft, and saved 20% of my income!

I've already gotten over Ham Radio - what a dumb waste of time. It presupposes there's a society or "public" worth doing "public service" for in case of emergency, and having an expensive radio just makes you a target.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ

Re: Default on Debt, Destroy Dollars!

Unread postby JustWatch » Sat 10 Mar 2007, 00:20:28

We are raised and educated to strive for the all encompassing and totally nonexistent “American Dream” bs, and most are doing their all to have it. What a sick joke it is too, and on all of us. The “good life” of the burbs, the SUV or two or three in the garage, the huge unaffordable mortgage, the career of cubicle dwelling and putting up with the morons you work with and for, going out in the yard every weekend to operate that miniature replica of a piece of huge American farm equipment the damned lawnmower to keep the stupid neighbors happy so they don’t get the idea you’re nothing but trailer trash, wondering all the while just how in the hell you’re ever going to be able to save enough to retire on anything but the shingles off your roof because you are so in debt you wanna kill yourself, and looking forward to living on nothing but social security or a reverse mortgage while your idiot kids come home from college, that you paid for by going into even more debt and take up permanent residence!

I tried to live that life for a while. On the day I finally sold that over-sized, money-pit, property tax nightmare, never ending maintenance intensive hellhole, I told the Realtor lady at the closing office, “I’ve lived the American dream, and I’m sick of it.” She just gave me a very strange look. I didn’t say a word. Let ‘em figure it out on their own.
Cheers

They understand the fact that true democracy is nothing but a fallacy whereby idiots are elected into power and these idiots then have to cater to the morons that elected them in the first place.
Sol Palha
JustWatch
Peat
Peat
 
Posts: 67
Joined: Tue 27 Feb 2007, 04:00:00
Location: Out in the middle of nowhere.

Re: Default on Debt, Destroy Dollars!

Unread postby I_Like_Plants » Sat 10 Mar 2007, 01:35:00

$this->bbcode_second_pass_quote('JustWatch', 'T')he “good life” of the burbs, the SUV or two or three in the garage, the huge unaffordable mortgage, the career of cubicle dwelling and putting up with the morons you work with and for, going out in the yard every weekend to operate that miniature replica of a piece of huge American farm equipment the damned lawnmower to keep the stupid neighbors happy so they don’t get the idea you’re nothing but trailer trash, wondering all the while just how in the hell you’re ever going to be able to save enough to retire on anything but the shingles off your roof because you are so in debt you wanna kill yourself, and looking forward to living on nothing but social security or a reverse mortgage while your idiot kids come home from college, that you paid for by going into even more debt and take up permanent residence!


Exactly. And that nightmare is not even within reach for me EVER, even if I wanted it. There is no amount of work I can do that will ever allow me to own a house, affored to support kids, or any of that.

My ride down is only partially voluntary.

I guess I'm in "countdown" mode now, I have about 6 weeks to wait to hear back from the IRS and set up a payment plan. 8 months left on my mortgage. 4 months on my music lessons (paid by semester). A summer coming up to work on my street musician skills. All this adds up to, somewhere between 6 months and a year from now, I'm ducking out. You'll know for sure when you don't see me on here any more, since my plan does not involve having a computer.
I_Like_Plants
Intermediate Crude
Intermediate Crude
 
Posts: 3839
Joined: Sun 12 Jun 2005, 03:00:00
Location: 1st territorial capitol of AZ
Top

Re: Default on Debt, Destroy Dollars!

Unread postby peaker_2005 » Sat 10 Mar 2007, 01:56:06

Music lessons are actually a really good idea. At worst, you have a way to entertain yourself (I myself plan on getting an acoustic guitar at some point).

At best, you have a way to at least earn some income.

Not a bad investment, really.
"Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so." - Douglas Adams
User avatar
peaker_2005
Tar Sands
Tar Sands
 
Posts: 686
Joined: Fri 02 Sep 2005, 03:00:00

Next

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 1 guest

cron