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Debt: Enemy to Preparedness; Originally posted by aftv2005
Topic Started: May 27 2009, 11:20 PM (200 Views)
CindyLou62

(Posted previously on another board.)

No matter how we want to dance around it, the number one problem facing many, if not most of us, is debt. For too long, we have been robbing Peter to pay Paul and now we're having to pay the piper for our undisciplined spending. When you spend more than you make, the question is not whether it will come back to bite you, but when.

It's true that extraordinary circumstances beyond our control can lead us into debt, but usually it's because we just don't get the simple concept of no money-no buy! We are so accustomed to having our wants and needs instantly gratified like five-minute mashed potatoes, that rather than saving for something, we use a piece of plastic and simply "charge it". Then off we go back home feeling like a rich man and ignoring the little twinge of guilt and self-loathing that keeps whispering in our ear, "I shouldn't have bought that! I can't afford it!!". Back at home, we seal our fate by consoling ourselves with how well it works, or looks, or feels, or fits, and the fail-proof excuse that it was ON SALE!

How can we honestly work for the cause when we are helping to maintain the lucrative business of bankers and other credit peddlers? How can we become unencumbered by the system when everything we own belongs to someone else via the loan, mortage, or credit financing we signed up for to obtain them? We have virtually sold ourselves into slavery.

"The rich rules over the poor, And the borrower becomes the lender's slave." (Pro. 22:7)

How many of us are being held hostage to a state of unpreparedness because we don't have the money to invest in long-term supplies and essential items necessary for survival? Do not doubt that it is the grace of God that has prevented a catastrophe from happening already and catching us woefully lacking in the means to feed and care for our families.

If we consider the conspiratorial thought that Americans have intentionally been led into high debt, so that they will, in the long run, lose their properties through foreclosure, we are no better off than the sheeple who also fell into the trap with us. If the market collapsed tomorrow, where would most of us be?

We will always be pursuing liberty so long as we are in financial chains. Our ongoing priority must be to work towards debt-free living. I cannot offer advice that wouldn't be someone else's hard thought out plan. That someone would be Dave Ramsey, today's leading Christian financial guru. His common sense approach to getting out of debt and living debt-free is making him a household name. His website contains a link to streaming audio of his daily three hour talk show. If you're in debt, you need to listen to him. http://daveramsey.com/

Interesting articles:

Consumer debt... http://www.wsws.org/articles/2004/jan2004/debt-j15.shtml

http://www.monthlyreview.org/0506jbf.htm

Gary North on Recession Scenarios...http://www.lewrockwell.com/north/north451.html

Housing Bubble... http://www.rgemonitor.com/80
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