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Crowbob Crowbob is online now
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Join Date: Mar 2003
Location: NW Lower Michigan
Posts: 29,964
Debt Free In a Collapse, Why?

OK, politics aside. Say there's a collapse. A real meltdown. Deflation followed by hyperinflation, dollor goes almost worthless. There's, massive unemployment, social chaos, general upheaval, interrupted energy supply, periodic blackouts; a total mess. Why bother being debt free? What are they going to do, evict millions, foreclose on 70% of the population? Reposses almost every car sold in the last three years? Serious question. The financial advisors say get out of debt to protect yourself. From whom? From what? What good will cash be?
Old 12-13-2009, 04:11 PM
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