Peak Oil Preparation: Get Out of Debt 1/3 – Michael Ruppert
Michael Ruppert, editor of “From the Wilderness” and author of “Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil” sits down with Local Future’s Aaron Wissner to discuss things that individuals can do to prepare for peak oil and the rough times ahead. Ruppert’s key message, “Get out of debt!”, because being out of debt will give an individual the ability to make quick choices during the quickly changing times ahead. This is the first of a three part …
Larry
Comments
Comment from newculture
Time July 29, 2009 at 4:38 pm
This particular interview was recorded in September 2008, so its about 6 months old now. Michael Ruppert, though, has been saying pretty much these same things for at least four years since I first came across ones of his talks online. So, it while this recording is fairly recent, the message is not.
Comment from newculture
Time August 4, 2009 at 9:14 am
This was during September 2008 at the ASPO-USA conference.
Comment from TrinityOfTyrannyMovi
Time August 4, 2009 at 6:23 pm
“But, i’m poor to have gold. How is it possible for me to be in a safe haven? ”
Silver Dude, and grow your own food & Buy a gun.
Comment from lucinos19
Time August 8, 2009 at 12:28 am
If you are poor that is good news! you do not have something to loose. Gold is an asset (not an investment) to not loose money because of inflation. It is not an investment as it does not produce any work.
Comment from LastReplaySC
Time August 9, 2009 at 8:42 am
dry food and canned food, stock up, get things worth swapping.
Comment from Rationalific
Time August 11, 2009 at 9:35 pm
Thanks so much for posting this! It’s great to see Mike Ruppert back! His absense had been a great loss. I hope he shows up more in the future!
Comment from sf4eric
Time August 14, 2009 at 1:18 am
When wast this originally filmed? It would be helpful if you added a quick note about details such as this on your uploads because it’s important context. Thanks.
Comment from HighAway
Time August 15, 2009 at 10:13 am
But, i’m poor to have gold. How is it possible for me to be in a safe haven?
Comment from newculture
Time August 16, 2009 at 7:03 pm
Owning and holding physical gold is a hedge against hyper inflation. Ruppert says, either in this part of the interview or a later part, that gold is his only investment. Perhaps that is the reason.
Comment from randplaty
Time August 18, 2009 at 10:04 pm
I don’t get it… what if there is hyperinflation. Doesn’t that mean that benefit those who are in debt and punish those who save? That seams to be the path that the government will head toward. Does Ruppert not think that hyperinflation is a possibility under a peak oil scenario?
Comment from rockyPants4000
Time July 27, 2009 at 6:19 pm
OLD DUMB ADVICE. Better yet, rent, don’t own. For long term financial security, a home is NOT necessarily an increasing value investment. If you do have a mort., KEEP CASH, it’s better to have a low interest mortgage and CASH than to have your life savings in a HOUSE. Dumb advice here.
With credit cards, pay just above the minimum, and KEEP CASH. Unless you’re rammed up against the credit limit, why pay cash to an unsecured debt? CAN’T pay it off, so what? Let ‘em write it off. KEEPCASH.