Tag Archives: debt

Episode-1082- Why the Economy Will Boom then Bust

There are two schools of thought that seem to exist about our economy right now.  The first seems to be we are screwed and very soon.  The second seems to be there is nothing to worry about, the economy will have ups and downs just like always but long term we will continue to grow and move forward.

Both of these are short sighted.  The first view is like being told you have a treatable but eventually fatal cancer and assuming that means you will be dead by next week.  So you blow all your money on a big party and a trip around the world.  The second view is like just ignoring the cancer since it is slow moving and likely won’t kill you for a couple years, who knows you might survive 5 years or more so don’t worry about it.

In both these scenarios the patient is harmed more then they should be.  The smart decision would be to evaluate and pursue the most common sense and reasonable treatment available while attempting to continuing living your life, hopefully valuing each day more and doing what you can to beat the odds and become an odds breaking survivor.  Well, in the case of our economy it isn’t you that has cancer, it is someone you care about.  Put into this context we understand why we need to take a sobering look at out economic future.

Join Me Today As We Discuss…

The Cancer

  • The real lesson of “Walmart’s February Sales Disaster”
  • The demographic bomb just around the corner replacement rate is 2.1
  • The cost of Social Security by 2017 – 1 Trillion Plus Annually (source DebtClock.org)
  • Cost of Medicare/Medicaid by 2017 – 1 Trillion Plus Annually (source DebtClock.org)
  • Interest Payments on Debt by 2020 – 800 Billion (source CBO)
  • National Debt by 2017 – 22.6 Trillion (source DebtClock.org)
  • How the hype around the sequester shows our pending doom
  • Economic expert trump card?  It doesn’t mater because we print our own money!

The Pre Cancer Party

  • Printing money will work as long as your currency is exchangeable
  • The natural gas boom is real, nothing creates prosperity like cheap energy
  • The coming medical care disaster will have its on pre disaster boom
  • The US will gain a large influx of international money
  • Some sort of “amnesty” will pass and bring in a lot of tax dollars

The Cancer Metastasizes and the Patient Goes Critical

  • The boom creates steady inflation, said inflation gains steam
  • Rates must be raised to quell inflation but it is a trap on existing debt
  • Cheap energy isn’t so cheap as inflation eats away at affordability
  • The tea cup and entitlement generations are becoming our main workforce
  • Boomer retirement hits critical mass, most are working past 65
  • The real cost of Obamacare is realized in 2016-2020
  • Rising economies are better able to compete for investor confidence
  • Many crises around the globe are not wasted and the dollar looses reserve status
  • China becomes the largest economy in the world
  • Commodities become the backer of currency, the US is bankrupt

Resources for Today’s Show…

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-836- Understanding Multi System Dependence

One concept that many modern survivalists aspire to is to be less dependent on “the system“ or independent of “the system”.   I know this seems like a great goal but the problem with it is that it is not “a system” or “the system” the reality is that we are dependent today on multiple interconnected systems.

Each of these systems is becoming more globalized and centralized and the dependence upon them in growing at an alarming rate.  While there are more systems of dependency then the following today we will focus on what I consider the 8 largest systems of dependence.

It is only by beginning to break down each of these and evaluation of individual and societal dependence on each that we can begin as modern survivalists to become less dependent upon them and make better decisions about moving forward.

Join me today as we discuss…

  • The financial system
  • The debt system
  • The distribution system
  • The agricultural system
  • The energy system
  • The health system
  • The welfare system
  • The military industrial complex system

Resources for Today’s Show…

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-754- Self Sufficiency, Self Reliance & Lifestyle Design

Today I break from listener feedback Monday’s typical formula to bring to you a subject I think we all really need to consider as we move into the final “quarter” of 2011.  Why is your current lifestyle the way that it is, who designed it that way and what would you have done differently knowing what you know now.

Join Me Today As I Discuss

  • Self Reliance vs. Self Sufficiency
  • Why we measure self reliance in time
  • Why we measure self sufficiency in percentages
  • What role true land ownership plays in the equation
  • The concept of “lifestyle design”
    • Would you design your current lifestyle on purpose
    • Would most people design a home, career and debt as they are today
    • Is permaculture about growing stuff or designing lifestyle or both
    • If you don’t admit mistakes you cant retrofit solutions

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-719- Listener Feedback for 8-8-11

So it is Monday and we have a lot to talk about like today’s most likely continued fall of the Dow in the heals of the credit down grade, both depressing and encouraging occurrences in the agricultural community, investing in tough times, harsh drought conditions and more.

Join me today as we discuss…

  • Gotchas when refinancing a mortgage
  • Russia says the US is an “economic parasite”
  • How bad the 2011 drought really is
  • The truth about the phony debt deal
  • Dealing with a low dollar 401K when leaving a job
  • CDL to drive a tractor, not quite but another blow to small farms
  • Stupid criminal humor, okra isn’t marijuana!  LOL
  • Growing potatoes in bags or in tires, my thoughts on why tires win
  • How cutting spending may change military retirements
  • Urban farming may revitalize cities if the politicians don’t ruin it
  • You are more likely to die by a doctor than a gun
  • Jefferson County Alabama may go bankrupt
  • Now we have roundup herbicide in the air and rain, yes really!
  • Jeff Clark says now is the time to buy not sell stocks, I agree
  • Why our credit downgrade doesn’t really matter right now

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

 

Episode-626- Prepping from Starting Out to Advanced Tactics

Food Storage is One Major Component of Survival

Food Storage is One Major Component of Survival. - Photo Credit to Linda & Clark via flickr

With the disaster in Japan I am getting a lot of emails from brand new people and long time listeners, the basic question is “what should we do”?  Well this may be hard for you to believe given the non stop media coverage of the burning reactor but the answer is, unless you are in Japan you should probably not do anything.  That said getting out of Japan unless you are part of the relief efforts probably isn’t a bad idea.

You certainly shouldn’t go spend 100 dollars for a bottle of potassium iodine on eBay because you will be able to get all you want for about 15 bucks a bottle in about a month, there is really nothing for you to do, perhaps other than make a contribution to the relief efforts in Japan.

What we all should be doing right now personally is using this current disaster as a gut check of sorts.  Rather than worry about some fictitious cloud of death, that just isn’t going to happen you should be asking the following.  What would it have meant to me had this disaster occurred in California or New York?  What if it had just been a tsunami, just a nuclear accident or just an earth quake but had happened much closer to me, would I have been prepared enough to shelter in place or get out of dodge?

With that in mind I think it is time we take a show to go back and just talk about prepping in general, the tenets of preparedness and self evaluation of how we would handle a disaster that wasn’t thousands of miles away.

Join me today as we discuss…

  • Why now is not the time to panic but to plan
  • Why 30 days is the absolute minimum amount of food you should have on hand
  • Why having a means of water purification is more important than water storage
  • Why you need both lethal and non lethal methods of self defense
  • Getting started with personal energy independence
  • Understanding how most people are enslaved by the systems
  • Realizing the link between liberty and prepping

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-572- Economic Fear vs. Common Sense Reality

So today’s show is drawing from a large volume of emails about financial and economic issues based on a request I made for such materiel this week on facebook.    I decided to do today’s show due to a excess of false fear I am seeing in the market right now.  Tune in today to learn why as I put it, “yes Rome is burning but no the sky isn’t falling”

Tune in today to hear…

  • Gold is always THE answer but it is often an answer
  • Understand you don’t have to sell all of anything, you can liquidate half
  • Stop being afraid to hold onto some cash
  • Why yes you should pay off debt and no inflation won’t help YOUR debt
  • What is going on with this JP Morgan, Max Keizer silver short thing
  • If no wealthy people put all assets in one class, why should we, why should our nation
  • What is a TIPs
  • What does it mean when people take a negative interest rate on a TIPs
  • How should we view real estate for us as individuals
  • My case to you as a fellow share holder for the restructuring of USA Inc.

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air

Episode-544- Five Lies that Attack Individual Liberty

Today we have a rebroadcast of a show I did back in August 27th, 2008.  I decided this would be a good show to have on during my absence to Arkansas where I am laying wood flooring getting ready for our move there this winter. I want you to think about some of these things in contrast with the so called “historic election” that just occurred yesterday.  My belief is until some of these underlying issues no matter who is in charge we will get the same results with a different marketing message.   Today’s podcast may challenge some of your beliefs and might even make you angry at times. That just means is isn’t the same old – same old.

Keep in mind that this show was done in 2008 before the economic crash when all the talking heads were telling us that things were going to be just fine and countless advisors were telling people to buy Bank of America stock because it had dropped in price due to “guilt by association”.

Tune in to get my thoughts about,

  • The lie that “its a consumer driven economy and there is nothing wrong with that” and how it is driving people and our nation into the oppression of debt.
  • The lie of “no child left behind” and that “everyone should go to college” and how it is destroying our economy and making us dependent on illegal immigrant labor
  • The noble professions no one goes to college to do and why we need quality people to do them
  • The lie that “The Constitution gives us rights” and how that lie grants government power that it does not and should not have
  • Why The Constitution does not “apply to Americans” and how it actually applies to humans
  • The lie of class warfare and how it convinces you that you don’t have what you want because of some other group
  • The class structure of Europe that we left behind and why it needs to stay there
  • The lie that “you can’t do it” or “you can’t make it” with out government help and how the government is actually the problem that limits individual achievement
  • The lie of being told what you want or told what is a success or a failure or what you need
  • Why no matter who runs Washington we all still have the ability to declare individual liberty
  • How we lost the attitude of “this family doesn’t take charity” and how that is killing us
  • How the individual spirit and personal fortitude is stronger then any law, government or situation
  • How many of the “poor” are really free and many of the most “successful” are enslaved by life and debt
  • How your personal action, personal spirit and determination are your greatest survival asset

Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air

Episode-538- A New Understanding of Money – Part One

My hope today is to help you understand money from as many new perspectives as possible.  If you think about it nothing in general has a greater effect on the lives of most Americans than money.  Money is why we work, how we provide our housing and food, how we are taxed and how our class structure is defined.  We can deny this if we choose to but a family with a gross income of 100,000 dollars a year lives a much more comfortable life than one with a gross income of say 25,000  a year.

Yet if you ask most people, “what is money” they really have no idea.  Now if you are going to answer that question with something like, “gold and silver” you really don’t have the answer either.  Money is far deeper than to try to simply define it with a group of commodities.  I promise you that no matter what you think about money from its constitional basis, national purpose or method of creation that today’s show will expand your horizons.  It may also challenge you.

As always, I reserve the right to be wrong and that includes today, but I have spent more effort on gaining a new perspective on this issue than any other in the past year.  So tune in with an open mind today and when you feel challenged really think about what I have to say, examine and re examine it but please don’t dismiss anything due to political allegiance or personal bias, that is all I ask.

Join me today to discuss…

  • How money is created today in the US
    • The birth of dollars
    • The dollars have children, grandchildren and great grandchildren and so on
    • Buying nothing, with nothing and creating something
  • How does money derive worth
    • Inflation
    • Deflation
    • Monetary Velocity
  • Vanishing dollars
    • Paying off debt eliminates money
    • Defaults on debt eliminate money
    • The shrinking M3 Supply – how is it possible
  • The Monetary Systems Traps
    • Total debt is always bigger than total supply
    • Elimination of debt contracts the money supply
  • The income tax exists to service the debt not primary spending
    • New Federal Debt in 2009 was 1.1 Trillion
    • The expense of interest alone in 2009 was 383 Billion
    • Personal Income Tax Receipts in 2009 where 1.21 Trillion
    • We spent 1.48 Trillion to service debt in 2009 about 200 Billion more than income tax receipts

Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-438- What Debt Freedom Means

Yesterday I made my second large purchase of the year, a 2005 F-350 Diesel Super Duty I got for 30% under its Kelly Blue Book Value, I paid cash.  Earlier this year I bought a new RV (a Shamrock 21ss) I also paid cash.  I almost feel guilty about this but it got me thinking, 8 years ago my wife and I sate down face in hands looking at over 25K in credit card debt, medical bills (which grew before they shrank) and more.

We thought “how did we let this happen”, we thought about just letting things keep going and paying a “little bit more” on a few debts.  Our income was great, our house payment was low, it would all be okay, a meeting with a “financial liar” confirmed it wold be fine.  The liar even suggested we take out some home equity since we had so much if we were worried about low cash reserves.

In my head the wisdom of my grandmother screamed out over the words of this clown who had the arrogance to claim he understood money.  My wife and I began a journey, one many of you have followed as well.  I have discussed he journey and the how and why behind it, yet until today I have never discussed the freedom that lies on the other side.

In January I walked away from a six figure salary to do TSP full time.  It was a hard choice but we had paid all debt by that point and began saving money heavily.  We jumped from stocks before the crash and had not taken the hit.  Something totally unexpected occurred though, despite a massive reduction in my income, we actually seem to now have more money.

I have started to really understand why this is the case and a lot of your “post debt” emails took on a new meaning for me as of yesterday.  So today while I will talk a bit about debt, I am going to talk far more about what completing the journey will mean.  If you are going fight a difficult battle you need to realize what victory will mean.

Resources for today’s show…

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Please Comment with Your Debt Stories Today!  – I want success stories, your stories about where you are on your journey and anything and everything in between.  Note – If you are a spammer that wants to plug some debt help bullshit, don’t bother posting.

Episode-434- The Basic Financial Education We Never Get in School

By the time our children are in high school today they should be getting what I consider to be a basic financial education.  In fact our citizens in college today don’t get this education unless they specialize in economics or finance and even then it is slanted to the “Statist” or “Keynesian” model.

Join me today as we discuss the following…

  • What is money?
  • What is a backed currency?
  • What is a “fiat currency”?
  • Why does money exist?
  • What is M0, M1, M2 and M3?
  • What is inflation?
  • What is debt?
  • Can a currency also be a debt?
  • How are U.S. Dollars created?
  • What is fractional reserve?
  • How do banks create additional money?

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.