Tsunami – Soon

In the last few days, there have been a number of insightful and important articles that detail the financial tsunami headed our way.

They have not sparked much interest, here or anywhere else.

Oh well. It’s not like we can actually do anything about it anyway, because we can’t. We’ve been sold down the river so to speak, without a paddle, or even a boat. There isn’t even a life raft.

Laying ahead, is debt slavery, which we already have, except it will be considerably worse. The ‘rights’ of creditors will be protected, like all corporate interests, at the (added) expense of the debtors. I do not yet know what this means, I’m simply stating what the reality is both now and in the future.

The “rules” as it were, are not about to be thrown out the window. They will be maintained and defended with a vengeance. This means that if you are a debt-slave, you may find yourself homeless and bankrupt, owing thousands and thousands of dollars in an ever shrinking job market.

I suspect many are hoping for some sort of rescue or bailout, or even debt forgiveness. I do not see this happening. Instead, what I see is the lowering of citizens rights even further to the level of peasant slave. Remember, the rules won’t change, they will continue to protect corporate interest at your expense. Even if you have become a prison slave for failing to clear your debts.

This can come to the forefront in many forms, such as “cooperative agreements” with federal and state programs to help bring debt-slaves into account. In effect, this will transpire as a further curtailment of your freedoms, but I suspect that it will go much further then just affecting debtors, it will affect everyone else to (the peon people). The normal double-standard of rights, liberty and freedom afforded to the rich, famous and wealthy will remain intact.

A “New Deal” will be designed to assist with “American recovery” from its hyperinflation and collapsing dollar and the staggering amount of personal debts and defaults. Federalism will be even more of a ‘champion’ then it is now.

I don’t know the mechanics yet, but we’ll soon find out. To me, it’s obvious that something like this will occur, because they simply can’t forgive us all, nor retain control if they do not prop up their corporate plantation owners.

The results will still be what I’ve predicted in the past, a growing gap between the haves and have-nots, with an ever widening gap between lawfulness and non-compliance (unlawfulness). And this will result in a huge crackdown by the growing police state.

So pick your poison. Tsunami is coming soon, and the debt-slavery and corporate protection schemes will ensue, as will the police state apparatus and widening dissent. Most people will simply go along with it, scared to death. Some won’t. But the groundswell that many are looking for will probably never materialize. Not yet.


admin at survivalacres dot com

11 thoughts on “Tsunami – Soon

  • November 22, 2007 at 12:15 pm
    Didn’t seem to be much to add to the previous posts. We believe, we are scurrying to prepare. I’m paying off debt as fast as I can. I’m moving chickens up to the farm on Friday. I don’t know when *I* will be able to move to the farm, but one of the two families already there want chickens.

    My only financial ‘investment’ going right now is a put option on the Nasdaq. Little risked, and I expect paper profits starting Friday the way things are going. Can’t say for sure that I’ll be able to get that money OUT of the account if I wait too long, tho.

  • November 22, 2007 at 2:53 pm
    I have taken this advice from your previous articles and am just weeks from being debt free. My concern is the continueing costs that can’t be avoided such as taxes. I have a job,I qualify for a modest pension,and have some stocks,all of which can be taken by the stroke of a pen or excecutive order. Minimalism and self-suffiency has failed to eliminate all my dependence on as system that demands compliance. All I can count on is things that can’t be taken away such as knowledge,skills,hidden caches,physical conditioning,dental health,etc. What I’m trying to say is invest in yourself,it may be all that you’ll have.
  • November 22, 2007 at 4:20 pm
    Looks like Jay Hanson’s thermo/gene collision theory is about to play out – perhaps sooner than anticipated. Do you think it will be televised?

    “We have seen that thermodynamic laws promise us less-and-less, while our genes are demanding more-and-more. Although these biophysical laws are now politically incorrect and suppressed from public discourse, these laws will not go away. Roughly fifteen years from now, the thermo/gene collision will cause people to revert to a fundamentally different set of behaviors.

    These are the ancient behaviors that we evolved during the many periods of overpopulation which have occurred in our millions of years as animals. Those in power will use every tool at their
    disposal – including nuclear weapons – to increase their fraction of the remaining energy thereby maintaining social hierarchy (social advantage) for their children.”

  • November 22, 2007 at 6:09 pm
    I think most here already know the financial, spiritual, and physical earthquakes are coming and for the most part your articles are so informative theres really not much to add too them…

    Right now my go-to house is paid for – NO MORTGAGE just a $800 a yr tax bill… No Grid…good growing landspace…

    So some of us if we’re not posting all the time are just getting ready and maintaining what we have and keeping updated by your articles and links…

  • November 22, 2007 at 8:51 pm
    Admin has addressed the issue of debt several times on this blog. As a person who has worked in the debt-collection industry for the past 12 years, Iâ’d like to add that I concur with Adminâ’s writings on the subject and add some first-hand knowledge and observations on the “how” people may not be able to skate away completely from their debts.

    A bit of background first, if I may. My specialty is tax, student loan, commercial, and medical debt collections for federal, state, and private-sector entities. Thatâ’s a broad range if you know anything about the collections world, but Iâ’m not writing this post for those folks. Iâ’m writing it for those who donâ’t really understand the symbiotic relationship between credit and collections, and how one feeds the other to create the situation we have before us today.

    Since I began working in the collections industry, there has been a dramatic shift to developing back-office operations in India to serve US companies, including call centers that field product-service calls, IT support, data entry and processing, and collections to name a few. (Thatâ’s morphed into business process outsourcing and knowledge process outsourcing since then, but that is another topic.) Indiaâ’s emergence as a low-wage service provider to US companies is possible for several reasons, the most important being that the Indian educational system made learning English a priority. The result is a large English-speaking population and over half of them are less than 30 years of age. (Yes, their accents are problematic, but companies are not engaging voice accent trainers and monitors to address this problem. Accent will not remain a hurdle to further expansion in India. The same lessons will be applied to China, btw.) Another important reason is that Indian law is based on British law, as are US laws. The fact that both counties have a common legal system makes it easier to develop contractual relationships and to enforce them. Think about that.

    At the heart of debt-collections work is call-center activity, and thatâ’s been seriously building in India since the early 90s. Itâ’s estimated that there are more the 250,000 call-center employees (and the majority of them are University or College graduates) that work in the Bangalore area alone. This is one city out of a country with a billion-plus people. India is second in population to China which is also in the outsourcing game and emphasizing English in its schools.

    At the beginning of this century, a very loose monetary policy was pursued with the expected result: huge flows of credit into the hands of consumers who donâ’t understand how monetary cycles and policies work. Naturally, the cash-flush consumers spent the money and are now debtors. (The reasons for doing so are irrelevant to those to whom you owe the debt.) It just so happens that there is an infrastructure in India that that is already operational and can be employed to collect those outstanding American debts.

    If you think you can ignore a debt or a debt collector (including those from India), consider the following:

    • The same laws that govern your obligation to repay a debt in the US apply when an Indian collector contacts you. (This correlates with the “common” British law observed by the US and India.) “Enforcement” options available to them to get you to repay the debt are applicable as well.

    • Penalties, interest, and collection fees (which are a percentage of the debt owed that is paid to the collection agency) accrue from the time the debt is delinquent.

    • There is no statue of limitations on student loans. In addition, the collection agency can garnish your wages. Garnishment of child support payments take precedence over student loan debt, but since there is no statue of limitations on student loan debt, the accounts get recycled from collection agency to collection agency (Iâ’ve seen debtors with defaulted student loans that are 20 years old be located and garnished). In addition, defaulted student loans are reported to the credit bureaus. And, the renewal of a professional license can be denied/revoked. Oh, and when you exit bankruptcy, collections can resume on your defaulted loan if it’s not been “absolved” by the court.

    • Very few states have a statue of limitations for taxes. Tax collectors cannot garnish your wages (yet), but they can locate your assets (boats, cars, money markets, etc.) and file legal proceedings (through a nationwide network of attorneys) to recover the debts. This can be lucrative for collection agencies because the contingency fee can be 30-plus percent of the debt owed. And that is in addition to interest and penalties. Ouch.

    • There is no statute of limitations on private debt. Credit grantors (banks, private creditors such as GMAC, Home Depot, and even Wal-Mart) designate debts as pre-charge-off and post-charge-off debts. What this means is that creditors hold onto and make collection attempts on your debt internally for certain period of time (for example, 180 days from the time you miss a payment). After that they “charge-off” the debt from their books and then may then sell the debt to a debt buyer or assign the account to a third-party collection agency. That debt buyer can attempt to collect on the account (internally or through external collection agencies, some of them being operated from India, Singapore, Panama, etc.) and then turn around and sell your debt(s) to yet another debt buyer. I see debts that have been sold ten times. Each time your debt is sold, the new collection agency assigned to work your debt account can access your credit report and re-activate the delinquency on your credit report to ‘incentivise” you to repay the debt. (You are incentivised because your credit score is dinged each time this happens, and you decrease your ability to obtain credit – the lifeblood of the American consumer.) Another round of debt-collection letters and calls ensures. This cycle can continue without end.

    • The collection agency has many tools and data resources that can be used to find debtors that “skip” on a debt. These include newspaper/magazine/periodical/ journal subscription renewals, medical record updates, credit bureau reporting, USPS updates, voter registration, etc. A collector can legally find you by calling your employer, family, neighbors, town hall, etc. as long as they do not disclose the nature of why they are calling you.

    • Employers are pre-screening applicants for debt. They can do this through your credit report. Applicants with high debt levels are considered a risk primarily because they are vulnerable to bribery, extortion, retaliation, etc. Think about this, too.

    • If you owe a debt to a federal or state agency, the technology exists to identify and recover “offsets”. This means a government agency can intercept refunds owed to you for the purposes of applying those intercepted funds to offset other, previous debts owed. In addition to the standard tax refund offsets, inheritance monies are beginning to be included in this category. Entitlement monies, e.g., disability and social security payments, etc, can also be intercepted.

    The list can go on, but you get the idea. The average American has a long way to fall before reaching the “peer” level of the majority who live on this globe. In order to get you there, theyâ’ll collect what you owe one way or another. In the process many Americans will turn into the liars and theives they’ll need to be to exist.

  • November 23, 2007 at 1:47 am
    I’m not of the opinion that debt is relevant. It seems to me that a collapse of any degree will create new power dynamics which have already been authorized via recent legislation. If you are debt free and own a farm you may see it seized anyway. If you own a house on the river, you may see it taken. it doesn’t seem to me that being in debt if the dollar collapses (for instance) will matter if your liquid assets are worthless or easily seized. The only relevant variable is power – power will be the new wealth. If you have the power you have the new wealth.
  • November 23, 2007 at 5:24 am
    I have to agree with hac5X3. When I tried to consider what NAIS was truly all about, the only thing I could come up with was “an easy list of where all the animals are so that our fearless leaders could confiscate them.” Eminent domain already gives the government the right to take away property that has been properly bought and paid for, so long as they can convince a judge that its “for the common good” and your compensation is “just”. So unless your retreat is way below the radar, I wouldn’t feel super-safe.
  • November 23, 2007 at 7:41 am
    That Reggie Middleton blog had the ‘tsunami’ picture for the ARM-resets that I was looking for. Thanks for the link:
  • November 23, 2007 at 7:42 am
    I’m not counting on a ‘fast end’ for my preps. If I’m wrong about it being a fast crash and burn, then debt that I can’t pay IS going to be an issue.

    I am going to be ready for either scenario.

  • November 23, 2007 at 4:03 pm
    Hopefully this link works: link
    I always like the pictures that say ‘you are here’. This one is scary.

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